Bragging Rights–Prices

As I stated in my last post, I decided to categorize the sales foals of 2008-2111 by the locales in which they were foaled and ascertain the prices and results for each group. I specified a minimum of 400 foals (100 for each year) in order to qualify for this study. Note that the state of Washington had only 399 foals. That was close enough for government work. I included them anyway out of the magnanimosity of my heart.

So let us take a look at the prices listed below. The expectation was that Kentucky had by far the highest prices and that no other locale was even close. The overall average for all 45,562 foals was $46,418, and the overall maverage was 154.0. Discussion resumes after the chart below.

Locale Bred          Foals          Average          Maverage          Price Index

California             1,733           $12,345               73.91                    0.48

Canada                 2,735           $26,667             116.99                   0.76

Florida                  6,545          $29,339             123.56                   0.80

Louisiana             2,461           $11,378                72.08                   0.47

Maryland                 774           $32,463            127.49                    0.83

New Mexico            523            $6,588               51.15                     0.33

New York             2,390           $33,727             141.56                   0.92

Pennsylvania       1,402           $27,617              115.29                   0.75

Texas                        462            $9,168                62.63                   0.41

Virginia                    529           $87,917              230.18                  1.49

Washington            399            $7,928                 57.49                  0.37

All Others             2,045          $16,575                 83.87                 0.54

Totals                    21,998        $25,005               109.31                 0.71

Kentucky              23,564        $66,407               194.97                 1.27

That expectation was almost correct . . . except for the state of Virginia. The 529 sales foals bred in Virginia averaged a whopping $87,917, much higher than Kentucky at $66,407.

No other locale exceeded the overall average of $46,418. Virginia and Kentucky were followed by New York ($33,727), Maryland ($32,463), Florida ($29,339), Pennsylvania ($27,617), Canada ($26,667), California ($12,345), Louisiana ($11,378), Texas ($9,168), Washington ($7,928), and New Mexico ($6,588). I also classified 2,045 foals as all others (neither Kentucky or any of the other locales mentioned above). They averaged $16,575.

The maverages and Price Indexes followed suit. In terms of the latter, only Virginia (1.49) and Kentucky (1.27) exceeded 1.00. They were followed by New York (0.92), Maryland (0.83), Florida (0.80), Canada (0.76), Pennsylvania (0.75), California (0.48), Louisiana (0.47), Texas (0.41), Washington (0.37), and New Mexico (0.33). All others had a Price Index of 0.54.

Note that Kentucky had 23,564 foals, just over half of the total 45,562. The remaining 21,998 foals were distributed as follows: Florida (6,545), Canada (2,735), Louisiana (2,461), New York (2,390), California (1,733), Pennsylvania (1,402), Maryland (774), Virginia (529), New Mexico (523), Texas (462), and Washington (399). All others checked in with 2,045 foals.

With more than half of the total foals, Kentucky obviously had much higher visibility than any other locale. Virginia was rather low on the visibility scale (529 foals, exceeding only New Mexico, Texas, and Washington).

Did the results for Virginia-breds justify their high prices???? In my next post I will examine results for these various locales and answer that and other questions.

Advertisements
This entry was posted in Uncategorized and tagged , , , , , , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s