The goal of this was to provide some money to the family of a cowboy who took their life.
Kayce equals the best livestock commissioner ever (in my book), and I think Smith’s Lloyd would probably agree.
I believe the Season 3 scene that Forrie J. Smith is referencing is the one in which Team Yellowstone goes to collect the horses in Episode 5 (“Cowboys and Dreamers”) so Kayce can sell them.