Online you can read a new piece in Daily Racing Form that I wrote about the pricing of entering stallions for the 2010 Kentucky market.

The results are sobering, and part of the trouble is that the economics of breeding aren’t likely to get much better … unless we get some stronger results at the yearling sales this summer and fall. And if those numbers don’t improve, then wouldn’t stallion fees have to decrease more in response?

Beastly cycle.