IN THIS ISSUE

Maryland meets the Challenge
Maryland-breds finish third to major foal-producing states of Kentucky and Florida in inaugural NTRA Great State Challenge.
Story by Lucy Acton. Page 22

CANTER program is off to flying start at Charles Town
No-cost service provides retiring race horses with new careers past the finish line.
Story by Patricia Barraza Vos. Page 26

Handling the shock
Shock-wave therapy serves legitimate purposes, but its potential for misuse has set off alarms throughout the industry. Story by Bill Finley. Page 28

December Mixed sale hits five-year low
Sales company attributes decline to relative scarcity of high-end horses.
Page 36