Parker County Peach Barbecue Sauce

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1 sweet onion, diced

3 ounces butter

4 local fresh peaches, peeled and diced

3 ancho chiles, stems and seeds removed

12 ounces ketchup

1/2 bunch chopped cilantro leaves

3 ounces brown sugar

3 ounces bourbon

1 lime, juiced

1 pint chicken stock

Salt and pepper