yearling averages

The bloodstock industry in Kentucky is heavily weighted to the commercial marketplace, and when the first yearlings of a stallion sell well, sometimes even experienced commercial breeders can get momentarily caught up in the euphoria. A breeder called me after the Fasig-Tipton October Sale to say that he was going to breed to such a stallion next year. That's great, I told him, if he had a strong opinion on the horse, but I reminded him that he breeds to sell and he'd be breeding to a fourth-year sire, meaning...