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Why is it mainly colt foals bought up at the gatherings?

April 26, 2017bought colt Gatherings

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Why is it mainly colt foals bought up at the gatherings?

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The market is not as strong for the colt foals because very few are needed for breeding purposes. Fillies are bought for breeding, or as potential riding or driving ponies, and don’t require the additional cost of castration. When surplus fillies are available they may also be offered to MMT.