EquiTrace Technology on Display at Fasig-Tipton July

Buyers and sellers on site this week at Fasig-Tipton's Newtown Paddocks may have noticed signage for a fast-growing company called EquiTrace. Launched in 2019, the EquiTrace App not only identifies horses with the use of a microchip scanner, but also provides management and traceability solutions for horse farms and equine organizations.

Dr. Kevin Corley, a veterinary specialist in equine medicine and critical care, was one of the key founders of EquiTrace and said that the idea for the product stemmed from the industry's inefficiencies with identifying horses that have led to several high-profile mix-ups in recent years. As EquiTrace developed further, it expanded from not only an identification method, but also a management tool for farm managers, trainers and other equine-related organizations.

“As we launched EquiTrace, we started with the foundation of identification and then worked to address other issues including traceability, medication and what happens to a horse after racing,” Corley explained. “We've worked to build a system that provides real value to the people using it, but also has side benefits of helping the whole industry.”

EquiTrace was first launched in Europe and has been incorporated into many leading stud farms there, but it is now gaining traction in the U.S. and has been put to use at top farms in Kentucky, including Lane's End Farm. The product has already been used at Goffs Bloodstock Sales, but Fasig-Tipton is the first Thoroughbred auction house in the U.S. to partner with EquiTrace. At the Fasig-Tipton July Horses of All Ages and the Selected Yearlings Sales, all incoming horses were identified and checked in via the EquiTrace App.

Fasig-Tipton's Anna Seitz was the first member of Fasig-Tipton's team to learn about the product. She admitted that she had initial  reservations, but was eager to learn more as soon as she saw the app in action.

“I brought everyone in from Fasig-Tipton and showed it to them,” she said. “We all said that we had to get behind this right away because this is something that should have happened 10 years ago. It's cutting edge and it's a really positive thing for the industry. I truly believe that it's something we're all going to be using in the next couple of years. They've been an awesome company to work with and we're very happy to be partnering with them.”

“I think for Fasig-Tipton, it produces a system where they can 100% stand by it and make everything more efficient for checking horses in,” Corley added. “You've got a verifiable chain of how this horse was identified by this person at this time. It speeds up the process of making sure the right horse goes into the sales ring.”

The EquiTrace App works through the use of microchips, which are required by The Jockey Club for all registered Thoroughbred foals of 2017 and later. With the use of a scanner, the app quickly identifies the horse and pulls up its profile. From there, various pieces of information can be traced and recorded for that horse.

“We're trying to produce really useful tools to capture information that everyone needs to manage an efficient farm or training facility right at the sight of the horse,” Corley said. “Every time you scan the microchip, the app captures its GPS location. If you scan a horse when it comes off the van, you have a complete movement record for the horse. One of our clients was called about a foal and he just looked the horse up in the app and could tell the vet which barn to go to.”

Medical records can be maintained on each horse's page. EquiTrace recognizes over 1,000 products through the scan of the medication's barcode. Veterinarians and managers can enter the necessary treatment for a horse. As approved staff scans the horse, they will see the exact medication required along with its dosage and suggested withdrawal time. Users can choose the state jurisdictions they race under to adjust medication guidelines.

Reproductive records can also be traced through the app. Farm managers can maintain notes on each mare's profile as the mare is examined. That information is then easily accessible to other farm staff looking for up-to-date information on the horse.

While all of this data is accessible for horses with any type of microchip, further information can be tracked from horses with the Merck Animal Health Bio-Thermo Microchip, which contains a biosensor that measures a horse's body temperature.

“This is a really powerful tool because at just the stroke of a microchip scanner, people can get the temperature of their horse and the data is captured immediately onto the app,” Corley explained. “As an internal medicine specialist, that excites me because we're all facing a staffing shortage and it's really hard to take temperatures twice a day. With this system, it's very practical and there are no errors. One of our clients said they recorded 18 temperatures in a minute and 19 seconds.”

Looking ahead to the long-term benefits of EquiTrace, Corley said he believe expanded use within the industry will improve traceability of horses once they are retired from racing.

The approximate cost of the app is $2 per horse each month, with discounts available for farms with larger numbers.

“The idea is to give tools to the industry that help them at what is hopefully a price that everyone can afford,” Corley noted. “We've been delighted with the initial uptake in the States and we're working to continue to further that.”

To learn more about EquiTrace, click here.

The post EquiTrace Technology on Display at Fasig-Tipton July appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

Source of original post

Nominations Open for White Horse Award

Nominations are now being accepted for the Race Track Chaplaincy of America's White Horse Award, which honors individuals who have done something heroic on behalf of human or horse in the past year. This year's White Horse Award winner will be honored by a special video presentation at the Race Track Chaplaincy's Nov. 2 event in the Silks Lawn Chalet at Keeneland.

To submit a nomination for the White Horse Award, visit http://www.rtcanational.org/events for a complete list of rules and selection criteria, as well as nomination forms. The deadline for submission is Aug. 24.

The winner of the 2021 RTCA White Horse Award was Marshall Allen, who saved the life of a long-time owner at Emerald Downs.

The post Nominations Open for White Horse Award appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

Source of original post

Taylor Made Partners to Offer Customers Cryptocurrency Payments

Leading consignor Taylor Made Sales has announced a partnership with the Montreal-based fintech company Dello to offer cryptocurrency payments to its customers.

“Taylor Made has clients from all over the world,” said Taylor Made CEO Mark Taylor. “We want to make things as easy as possible for them. Accepting crypto makes good business sense.”

Dello enables sellers to accept cryptocurrency without ever having to convert it or handle it directly, according to a press release from Taylor Made. Since the crypto payments are settled in local currency, the seller doesn't have to change the way he handles his accounting procedures. Also, by converting the crypto to local currency at the time of purchase, Dello guarantees the seller receives the exact amount they charged the customer, minus a small fee.

Olivier Benloulou, President of Dello, explained, “Dello provides merchants with a comfort zone for crypto acceptance. We eliminate concerns about price volatility and tax issues which have been two of the biggest barriers to the adoption of crypto-enabled payments. Our service enables merchants to venture into the world of crypto with fewer worries. It is an honor to work with a company like Taylor Made.”

Taylor Made will start accepting crypto payments this month for all of their services.

The post Taylor Made Partners to Offer Customers Cryptocurrency Payments appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

Source of original post

Optimism Prevails as Yearlings Go Back on the Market at Fasig-Tipton July Sale

LEXINGTON, KY – The yearling sales season kicks off Tuesday with the Fasig-Tipton July Sale of Selected Yearlings at Newtown Paddocks in Lexington. Bidding at the one-session auction begins at 10 a.m.

“We're optimistic,” Fasig-Tipton President Boyd Browning said of expectations for the sale. “We've seen a very solid 2-year-old marketplace throughout the spring. There is demand for quality horses, certainly plenty of interest. Racing is pretty good right now.”

On a balmy Monday morning in Lexington, buyers were out in force and consignors were busy showing yearlings to a strong mixture of pinhookers and end-users.

“Hopefully it will be the same as usual,” Paramount Sales' Gabriel Duignan said of expectations for the July market. “Racing is very good, purses are great. The traffic seems to be busy here. The pinhookers had a good year and this sale is driven by pinhookers. So I am very hopeful it will be a good sale.”

Brian Graves, overseeing the Gainesway consignment Monday morning, agreed activity has been brisk at the sales barns.

“It's been busy,” Graves said. “There are a lot of people here. It will be interesting to see how many are end-users, but the market is alive and well, that's for certain. Most of the horses in the barn have been vetted well before they sell tomorrow. Usually, in a different climate when it's not so busy, you are waiting right up to the end to see some action. It seems like people are here to participate. I would expect it to be a fair market, whether it's as good as it was last year or not remains to be seen, but it will be healthy.”

Canceled due to the pandemic in 2020, the July auction rebounded with a strong showing in 2021, setting its fourth highest average and second highest median. A filly by Into Mischief brought the auction's top price when selling for $800,000.

Following a spring of competitive results at the 2-year-old sales and with purses at record levels, a strong yearling market would seem a safe bet, but volatility in the stock market–and in the overall economy–looms in the background.

“[Economic conditions] are a little concerning, but our racing is so healthy at the moment and I think there is a shortage of horses,” Duignan said.

Graves said, “The thing about horse people is they can't just take up plumbing. They just can't take up a different profession. They make their living by buying, developing and selling horses. Whether the horse market trails the stock market and it's off 10 or 15%, it could happen. What is important to me is that there is healthy trade. That you can take a horse and turn it into cash. And that clearly looks like it will be the case here. I don't see any big red flags.”

The July sale comes just a week after the implementation of the Horseracing Integrity and Safety Act and the new authority is another positive for the industry, according to Machmer Hall Sales' Carrie Brogden.

“I think everyone has to be aware of what is happening in the world-wide economy and in Ukraine and food prices, etc., but I think there are a lot of things to be very excited about,” Brogden said. “Obviously, there are some big changes in our industry with HISA coming online, but I personally am very optimistic that, after the changes shake out, we are going to be better and stronger. For me, I hate that the foal crop keeps shrinking. That means less product, fewer horses to race, but I am hopeful that all the changes, even though in the short term it may be hard for people to get through, ultimately we are going to get through it a lot stronger and reverse the trend on the other side.”

A total of 302 yearlings have been catalogued for the July sale, with 39 withdrawn as of Monday late morning. The auction opens with an offering of 88 youngsters by first-crop sires. The group of new stallions includes: Audible, Catalina Cruiser, Catholic Boy, Copper Bullet, Demarchelier (GB), Enticed, Flameaway,  Maximus Mischief, Mitole, Omaha Beach, Preservationist, St Patrick's Day, Vino Rosso, World of Trouble, and Yoshida (Jpn).

The post Optimism Prevails as Yearlings Go Back on the Market at Fasig-Tipton July Sale appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

Source of original post

Verified by MonsterInsights