OPTIMISM AS YEARLING SALES START

By DRF.com
LEXINGTON, Ky. (July 2, 2012) -- The yearling market turned a corner in 2011, when the auction season’s overall average and median, freed from the ballast of excess supply, rose dramatically. With 12 percent fewer yearlings cataloged, total gross for North American yearlings rebounded by 12 percent, and the average and median sale prices grew by 19 percent and 50 percent, respectively. http://www.drf.com/news/2012-yearling-sales-optimism-heading-fasig-tipto...