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Profits Rise for Breeders at F-T July Sale

Commercial breeders were better off financially following the Fasig-Tipton Kentucky July select yearling sale than they were in 2011. But pinhookers didn't fare as well they did a year ago.

Select Juveniles: Pinhookers Enjoy Return

The rate of return for pinhookers on select juveniles rose in 2012

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Sellers' Profits Up at Keeneland Sept. Sale

Stories about Thoroughbred auctions focus a lot on key business figures such as gross, average price, and median price. But for sellers, the most important numbers are the ones that show whether or not they made a profit.

Pinhookers' Fortunes Improve at Keeneland

Pinhookers' 2-year-olds are more profitable because they spent less to acquire them as yearlings.

Making Money Still Difficult at F-T July Sale

Pinhookers' profits fall at at the select yearling sale. Commercial breeder's percentage of profitable horses remains the same.

Pinhookers Look Ahead to Yearling Auctions

Many will rely on the same buying strategies they used in 2009 and will continue to proceed with caution.

Pinhooking Profits Rise at Keeneland 2YO Sale

Rate of return on investment rises to 50.7% even though the financial risk increased.

Pinhookers Face Challenge at Keeneland

They spent more money to buy their stock as yearlings, so they will need to sell their horses for more money as 2-year-olds.

Pinhookers' Profits Fall at Barretts

The rate of return on their investment drops to 47.1%, but the percentage of horses offered that were profitable is the same as last year.

Pinhookers' Profits Grow at OBS March Sale

Based on yearling average, financial risk has been cut for Barretts March auction in Southern California.

Pinhookers' Profits Rise at F-T Florida Sale

Rate of return on investment grows, rising to 91.9% from only 39% for the 2009 edition of the auction.

OBS Feb. Sale Pinhooking Profits Increase

Cutting yearling purchase cost is the key, and consignors to the Fasig-Tipton Florida sale are hoping that a similar strategy works there.

Pinhookers Will Be More Cautious

With prices tumbling at the early select sales of 2-year-olds in training, pinhookers, who provide most of the stock for the auctions, already are thinking about how they are going to approach their next buying-and-selling cycle. It's not good news for yearling consignors because, in general, pinhookers plan to be much less aggressive when buying young horses later this year.

Times Are Tough for Pinhookers

If the recent Ocala Breeders' Sales Co. (OBS) February select sale of 2-year-olds in training was any indication, it's going to be a tough year for yearling-to-juvenile pinhookers. The rate of return (ROR) on their investment, 30.7%, ranked among their worst ever based on figures that date back to 1990. It was the weakest since the ROR dropped to its lowest point during the 20-year period of 17.1% in 1993.

Keeneland Sale Analysis: Great, But Reality Check Needed

That the strength of the yearling market held strong throughout the marathon Keeneland September yearling sale is nothing short of, as Keeneland sales director Geoffrey Russell is wont to say, "phenomenal."