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12-Year-Old Shaelye Varner Sells Grand Champion Steer for $100K

A 12-year-old Illinois girl needs a bigger piggy bank. Shaelye Varner showed the grand champion, 1,330-pound steer at the Illinois State Fair, then sold it at auction for a whopping $100,000 — shattering last year's fair record of $62,000. AT&T, Monsanto and DeKalb Asgrow combined to bid for Varner's crossbred steer. Fair officials say $100,000 would have bought almost every animal in the sale of champions just four years ago. This year, the auction netted more than $260,000 for the kids who raised the animals, as well as the 4-H and Future Farmers of America programs, which each receive 10 percent of the proceeds. Shaelye — from Morris, about an hour southwest of Chicago — says she's been showing since she was 5 years old. She plans to save her money and use it for a future career in livestock.

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-The Associated Press and NBC News staff