Jacalyn Carafagno covered last month's yearling sale at Keeneland, and she joined us on Friday's State of the News to explain that the thoroughbred industry was changed by the poor economy, but not necessarily for the worse. Fewer horses are being bred, which means the lowest quality horses are falling out of the market. Since it takes the same amount of money to care for a mare and foal, this can mean greater a greater return on investment per yearling sold. You can listen to her Keeneland coverage and reflections on it below:
http://archive.wfpl.org/HereNow/20111014-keeneland.mp3
