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Recommended read: @AHughesMedia has a good piece in the October BloodHorse on Liam’s Map and Not This Time. Both are out of Miss Macy Sue, a Trippi mare bought for $42,000 at the 2005 OBS June sale. As of today, Not This Time is leading the general sires list, and Liam's Map is 12th. The fee history is what caught my attention. Not This Time stood his first four seasons at $15,000. Last week Taylor Made set his 2027 fee at $300,000. The horses that put him on top this year came from books bred at $40,000 and $45,000. Breeders who used him then got this year’s leading sire for a seventh of next year’s price or less, and the fee didn’t catch up until the runners were already winning. That lag between the racetrack and the stud fee is a big part of what we measure at Thoroughbred Intelligence. It’s in the October print issue, subscribers only. shop.bloodhorse.com/collecti…

Kentucky’s fall yearling sales work as one connected market. Book placement, a July entry deadline and a second shot at October all shape decisions sellers make before a horse ever walks into the ring. tbintel.com/insights/keenela…

Kentucky's stallion farms are releasing their 2027 stud fees, and our tracker updates as each one announces. It carries every Kentucky stallion's advertised fee back to 2022, with each raise, cut and hold as it lands. Search by stallion, sire or fee. tbintel.com/data/kentucky-st…

Arabian Knight's first foals hit the market this fall. Our partnership is excited to be offering one of them. Hip 653 — a January 27 filly, first foal out of Stealth Mode (4 wins, $130,057, black-type placed). Second dam Southern Silence has produced three stakes winners of $1,071,373 combined, led by graded winner Silent Law (G3). Keeneland November, Wednesday Nov. 4, Barn 10. #KeeNov

Only two Breeders’ Cup Juvenile winners have gone on to win the Kentucky Derby: Street Sense and Nyquist. Last year’s Juvenile sent two horses to Louisville, and they ran 16th and 17th. Bob Baffert’s undefeated Hughes will be a heavy favorite next Friday at Keeneland, and he may well win. Just don’t price the Derby off it. Favorites also tend to struggle in the Juvenile Fillies, winning it only four times in the last 15 years. Noel Michaels at @ABRLive put together a clean primer on all five Future Stars Friday races, with post times, contenders, and the O’Brien and Appleby storylines on the turf. Worth ten minutes before the weekend. americasbestracing.net/the-s…

Fasig-Tipton October finished near its record, with the same $30,000 median as last year. Prices eased across the sale, and sires selling their second crop took the sharpest cut: average down 17.3%, against 7.0% for every other sire. tbintel.com/insights/fasig-t…

The cheap pinhooks were the good trades at Fasig-Tipton October. Horses bought for under $25,000 typically sold for more than double. Three out of four bought for $100,000 or more sold for less than they cost. tbintel.com/insights/fasig-t… @FasigTiptonCo

FT October pinhooks, final session included: the 197 sold through the ring cost $14,447,000 and brought $13,855,500. The median horse still made 1.12x. Clearance 74.6% against 79.2% for other yearlings. Provisional while post sales settle: tbintel.com/data/fasig-tipto… @FasigTiptonCo

Why buy the horse when you can have the analysis for free? (Well, buy the horse. But read the analysis first.) Every sale breakdown, sire study and data page we publish is free for now. The newsletter delivers each one the day it goes up. tbintel.com/subscribe

Hot sires bring well above their fees, and more of them go home unsold. Vekoma: 14 of 20 cleared, $100,000 median, $15,000 fee. Elite Power: 6 of 12, $75,000 median, $50,000 fee. Mage: 7 of 12, $60,000 median, $25,000 fee. Up to the Mark: 11 of 17, $62,000 median, $25,000 fee. tbintel.com/newsletter

FT October's cold sires clear best, below their own stud fees. Jack Christopher: 12 of 13 cleared, $18,000 median, $40,000 fee. Olympiad: 20 of 22, $26,500 median, $35,000 fee. Twirling Candy: 9 of 10, $15,000 median, $60,000 fee. Hot first-crop sires carry the RNAs. tbintel.com/newsletter

At FT October, the sire market is repeating Keeneland's verdicts. Hot again: Vekoma (14 sold, $100,000 median on a $15,000 2024 fee), Girvin, Life Is Good. Cold again: Jack Christopher, Cyberknife, Epicenter, Olympiad, all well under what their fees usually bring. tbintel.com/newsletter

26 FT October pinhooks were bought back at Keeneland September: median RNA $252,500, median cost $200,000. 12 have sold here at a median $95,000: 0.53x the RNA, 0.50x cost. One beat its RNA. Ten sold below cost. Last year's Keeneland RNAs resold here at a median 0.88x. tbintel.com/data/fasig-tipto…

At FT October, this winter's short-yearling pinhooks are beating last fall's weanlings. Winter: median 1.90x, 19 of 65 below cost. $3,871,500 in, $4,661,000 back. Fall: median 0.88x, 42 of 75 below cost. $6,141,500 in, $4,854,500 back. The gap holds in every price band. tbintel.com/data/fasig-tipto…

The median FT October pinhook sold for 1.11x cost. The 140 sold through Session 3 cost $10,013,000 and brought $9,515,500. Bought under $25K: median 2.70x, 4 of 43 below cost. Bought for $100K+: median 0.68x, 34 of 43 below cost. $7,255,000 in, $5,165,000 back. tbintel.com/data/fasig-tipto…

Fasig-Tipton Kentucky October Yearlings session 3 is in the books. Pinhook tracker is up-to-date. See ya tomorrow. tbintel.com/data/fasig-tipto… @FasigTiptonCo