DENVER (AP) — Officials say a prize-winning steer has been auctioned for a record-setting amount at the National Western Stock Show in Denver.

Ames Construction Company made a winning bid of $150,000 for the Grand Champion Steer at Friday night's auction of junior competitors' livestock.

Kutter Bland, a 17-year-old from Texas, showed the 1,339-pound steer.

The auction sales of eight champion animals totaled $480,000.

Stock show officials say the auction proceeds support young exhibitors as they plan for college and future agricultural work.

A portion of the proceeds also go toward the National Western Scholarship Trust. The trust provides scholarships in agricultural studies and rural medicine at colleges in Colorado and Wyoming.