Selective market again evident at Goffs
THE selective nature of the market, which has been the norm for quite some time, was again in evidence over the last two days at the Goffs February Sale, which produced an overall clearance rate of 50 percent.
The latest edition of this sale turned in a set of returns that finished ahead of those from 2009 with the average, median and turnover all producing double digit increases on the corresponding figures from last year.
However, the central theme was the clear demand for quality which was illustrated in the trade that took place for yearlings during the second half of Tuesday's session and throughout yesterday's breeding stock section.
In terms of the overall market it would be unwise to read much into the early exchanges of 2010. By example there were acceptable yearlings who were unable to find buyers on Tuesday but will have a far better chance of doing so in the broader market that exists in the autumn when end users from Europe and beyond will be competing to secure future talent.
In terms of the breeding stock the better prospects were sought after but the market has contracted appreciably from the one that existed several years ago and interest in those lower down the scale is very limited.
In addition domestic demand for breeding stock remains decidedly muted and continues to reflect the prevailing economic climate.