The North American Thoroughbred breeding sector arrives on the cusp of the 2013 foaling season with rising expectations. After two years of double-digit percentage declines in registered foal crop production in 2010 and 2011, the latest Jockey Club figures estimate a 3 percent drop for 2012. That mildly encouraging data, coupled with the results of last year’s stable – albeit far from spectacular – bloodstock auctions, offer breeders mounting evidence that the worst of the recession is over.