The recalibration of the bloodstock market took a big step forward in 2013, as several major auctions set records and foal-crop numbers stabilized to a degree following precipitous declines over the past several years.
The Jockey Club predicted a decline in the size of the North American foal crop for an eighth straight year, estimating the 2013 crop at 23,000. While that figure represents a decline of about 40 percent since 2005, the last time the foal crop increased annually, the projected 2 percent decline from 2012 was the smallest drop since 2007.
