The results are in for the second day of the Standardbred Canada Yearling Sale and as expected, the results continued to disappoint. On Day 2, 122 yearlings exchanged hands earning an average winning bid of $8,484, down from last year's second day averages where 160 yearlings exchanged hands for an average sales price of $13,241. For the day, prices were down 36% on a year to year basis, an improvement over yesterday's 49.5% decrease.
For the entire sale, the average price was $8,329 for a total of 246 yearlings where in 2011, the average price for the 302 yearlings sold was $14,621; a 43% drop from last year's sale.
Some people have suggested the quality of yearlings available each year can vary dramatically so a straight year-to-year comparison may not be fair. That may be the case as some breeders may be sending their more regally bred yearlings to the American sales in an effort to get away from the doom and gloom of Ontario. However, even if you allow for this, the 43% drop has got to be considered quite a haircut for breeders.
It will be interesting to see how Ontario-sired horses are received in fall sales. Hopefully, Ontario breeders will get some relief there.