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Impact Of Lower US Stud Fees "Not Yet Dramatic"
In the US, the results of the Keeneland November breeding stock sale in Kentucky "provided an opportunity for the 1st glimpse of the impact of lower stud fees" commented bloodhorse.com. The reductions in 2009 & 2010 "were welcomed by commercial breeders, but based on analysis of the auction's statistics, they didn't change breeders' financial fortunes dramatically at Keeneland". One reason why "was the market for weanlings & mares continued to decline based on their average prices". Even though the yearling sales earlier this year "showed signs of stability, November shoppers remained cautious & they won't show a real enthusiasm, especially for mares, until yearling prices improve significantly", according to Brent Fernung of Journeyman Stud who noted: "When you see that yearling market bounce back real strong & have a 15% increase & see smiles on some of these people's faces, they'll be back in the broodmare market." To read the full analysis, click on the link to "Impact Of Lower US Stud Fees Not Yet Dramatic" in The Great Debate panel on the right-hand-side of this page.