Waverly horse sale feels economic impact - KWWL - Eastern Iowa Breaking News, Weather, Closings

Waverly horse sale feels economic impact

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The economy may also be impacting one of the largest horse auctions in the country. The Waverly Midwest Horse Sale is taking place this week and some dealers say sales are lower than usual.

Horses of every shape, size, and breed are on the auction block in Waverly this week, attracting people from all over the world to this small community.

"We'll have people here from all states in the US, plus we'll have people here from Mexico, Canada, and sometimes Japan," said Auctioneer Rich Greenlee.

Brad Messersmith of Ionia is planning on selling between 15 and thirty head,  but he's not expecting record profits.

"The fall, it's a little bit down usually any how because winter coming on, but I think a little more this year than we've seen in the past," said Messersmith.

"The highest price horse we've sold here was for $36,000 and that was last spring. Colts are going to be pretty cheap this fall with the economy and the price of grain, hay, gas prices, they will make things a little tough this fall," said Greenlee.

The auction will continue through Saturday.

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