North American Thoroughbred Breeding · 1986–2025

The Supply Chain Is Shrinking

Registered North American thoroughbred foal crop by year

51,296

Thoroughbreds registered in North America in 1986 — the sport's peak year

17,300

Projected 2025 foal crop — the lowest level since the early 1960s

18 of 19

Years in which the North American foal crop declined, 2004–2023

Source: The Jockey Club Fact Book; BloodHorse (Oct. 2023, Oct. 2024, Oct. 2025); Thoroughbred Daily News. Confirmed data: 1986, 2005, 2023, 2024, 2025. Intervening years estimated from published decade totals and trend data.