The news has arrived thick and fast for the Northern California industry over the last couple of months, as racing operations have consolidated in the Southern half of the state. Few state industry stakeholders remain unaffected by these developments, certainly not the breeders, whose commercial decisions today ripple years into the future. The breeding sheds don't open for another couple of weeks. During that time, many currently undecided minds will be resolved. Among those California breeders currently canvassed, however, their outlooks for 2025 are a mixed bag. On the one...