Breeders of purebred bulls have multiple avenues to market their bulls, including consignment at public auctions associated with performance tests. Purebred breeders often have the opportunity to withdraw bulls that are eligible to sell in these auctions. We examine sales data from a public auction held in conjunction with a performance bull test in Tucumcari, NM, to gain insights on breeder decisions to withdraw bulls prior to entering the sales ring. Specifically, we use a binary logit model to identify relevant characteristics that affect a breeder's decision to withdraw a sale eligible bull from the auction.Key Words: breeder decisions, livestock, performance bull testPerformance bull tests are a well-known means of facilitating market interaction between sellers of purebred cattle and buyers (e.g., cow-calf producers). Performance tests bring together bulls from varied genetic and environmental backgrounds at one testing facility to compare growth performance against bulls of the same breed. In many cases, on completion of the performance test, breeders may elect to sell their eligible bulls at after-test auctions. Eligibility may vary from test to test but generally requires the bull to be healthy and to have met minimum test performance standards.Auctions like those associated with performance bull tests are particularly effective, as traits of the auction commodity (i.e., purebred bulls) can be highly variable (Tomek and Robinson). In addition to facilitating market interaction between seller and buyer, the combination of performance test and the ensuing auction can improve market efficiency. For example, information on a specific animal collected during the test is often published in a presale catalog, providing important information to potential buyers. The disseminated information can effectively lower search costs and reduce product uncertainty for potential buyers.In order for performance tests and aftertest auctions to operate effectively, managers must be attentive to a variety of concerns; among these is the assurance that an adequate number of animals are available for sale in the auction. Consistent shortages of animals available for sale at these auctions reduce search cost savings for potential buyers. As costs savings decrease, fewer buyers will participate in the auction, as other costs (e.g., transportation costs) may begin to