Horse auction held in Lufkin despite drought and tough economy

Mike Pederson, Owner, Harvard Sales Management Co.
Mike Pederson, Owner, Harvard Sales Management Co.

LUFKIN, TX (KTRE) - Horse enthusiasts came out to the Lufkin Expo Center early Saturday morning to see and buy horses, hay, and supplies for sale.

Auction host, Mike Pederson, said it was encouraging to see the crowds come out.

This year's drought and tough economic times limited the sale to around 230 horses this year as opposed to the typical 450.

Attendees came from over 17 different states, including, Alabama, Louisiana, and Kentucky.

"A lot of people are just kind of waiting until November when it cools off a little bit, and hopefully we'll have some rain. So, it's going to affect the prices as well. I don't expect them to be as good as they'd normally be because of the conditions," said Mike Pederson, owner of Harvard Sales Management Company.

Saturday's sale lasts until 7 p.m.

High quality show and roping horses are being sold cheaper due to the economy.

The next auction will be held in November where a bigger turnout is anticipated.