Small breeders make hay at Cape Mare Sale
With turnover down 50% smaller farms boost their portfolios
More than 170 broodmares came under the hammer at Tuesday’s Cape Mare Sale, where Bloodstock SA (BSA) realised a disappointing turnover of R3,2m, which was 50% down on the corresponding sale from 2018. On the positive side, the sale gave many of SA’s smaller breeders a chance to acquire good quality breeding stock at well below normal market value and BSA’s Gary Grant commented: “The smaller farms seized the opportunity to bolster their portfolios, with good participation from them, especially breeders based in KwaZulu-Natal. “It is still a tough market, as evidenced by the 75% clearance rate and an average of just over R27,000, significantly down on last year. That said, the median was largely unchanged, admittedly off a very low base. I expect we will see a few bigger prices at the Moutonshoek sale.” The Piketberg stud farm, forced to sell lock, stock and barrel after the unexpected passing of its owner Chris Gerber last September, will offer 173 lots at a no-reserve dispersal, st...
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