California foal crop

California-breds have long been a staple of the state's racing product. Since 2014, CA-breds have represented between 45% and 50% of all starters at Thoroughbred race meets. Since the consolidation of racing in the south of the state, that trend has continued. From the start of the Santa Anita winter meeting through mid-March, Cal-breds made up about 47% of all individual starters, which includes both open races and those restricted to northern trainers. But with last year's foal crop (now yearlings) currently sitting at just below 1000 amid a breeding...