How the Thoroughbred Industry Weathered the Economic Downturn: State of the News

Jacalyn Carafagno covered last month’s yearling sale at Keeneland, and she joined us on Friday’s State of the News to explain that the thoroughbred industry was changed by the poor economy, but not necessarily for the worse. Fewer horses are being bred, which means the lowest quality horses are falling out of the market. Since […]

Keeneland’s Auction Meets Opening Sales Goals

The first million-dollar horse has been sold at Keeneland’s 68th Annual September Yearling Auction. Mandy Pope of Whisper Hill Farm bought a filly by Unbridled’s Song for $1 million. The auction attracts international crowds to bid on and purchase yearlings, who are at their peak sale price in September. The 13-day auction has more than […]

Today on State of the News

With a government shut-down looming and questions about how such a step would affect the average citizen, Phillip M. Bailey joins us to talk about what lawmakers from Kentucky and Indiana have been saying about the budget impasse and what next week could bring. Rick Howlett reports on a snag in plans to re-open Kentucky Kingdom, and Indiana’s defeated smoking bill.

They’ll also fill us in on a controversial proposal that would allow food stamps to be used to purchase fast food from Yum! Brands restaurants. Then we’ll join our colleagues at The Easter Standard, live from Keeneland with a conversation about the future of Kentucky’s racing industry, with the presidents of Keeneland, Turfway, and Churchill Downs.

Keeneland Yearling Sales Drop Sharply

From Emily Boyer, Kentucky Public Radio/WEKU, Richmond Thoroughbred sales at Keeneland are feeling the pinch of the poor economy.     Yearling sales that ended Monday totaled about $190 million, down from last year’s $313 million.  Spokespeson Jim William says Keeneland saw even less revenue because of a reduced commission rate. Williams says normally the rate […]