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Expert Warns: More US Fee Cuts Before 2010 Season

Tuesday, 24th November 2009

In California Jack Werk, president of eNicks & Werk Thoroughbred Consultants, “follows stud fees like you or I might follow sports scores,” declared racingpost.com. “When he speaks on the subject, it pays to listen.” Werk has analysed in detail the current announcements & record delays (“I've never seen this before”) in stud fee announcements for the 2010 US breeding season. He particularly notes that, among North American stallions standing for US$50,000 & above, their combined fees for the upcoming season “represent a cumulative decline of 22.1%, but it's probably not low enough, especially for commercial breeders”. After examining a series of key market factors, Werk declares bluntly: “The market-making Keeneland September yearling sale this year was down 41.5% by aggregate & 40.5% by median. These are stiff numbers to parse without bending fees even more. Expect another round of cuts for some before the breeding sheds open.” To read the full analysis, click on the link in The Great Debate panel on the right-hand side of this page.

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