THERE are times when the racing and bloodstock industries can be accused of taking a micro as opposed to a macro approach which leads to a focus on issues that aren’t necessarily going to provide a longterm solution to the problem at hand.

Perhaps a case in point could be made concerning Part I of this week’s Goffs November Foal Sale. The final figures for the three days of this sale finished down on last year and the market was an undeniably selective one which resulted in the overall clearance rate for this part of the sale falling back from 81 to 72%.