Race Comment Explainer

Original comment with matches highlighted:

led, pushed along 2f out, and lo, headed closing stages and lost 2 places near line

Matched phrases & meanings

Phrase	Meaning
Headed closing stages	The horse lost the lead very late, right near the finish line.
Pushed along	The jockey started to urge the horse (hand-riding, not necessarily using the whip).
Ran on	The horse maintained or increased its speed in the final stages.

Summary

The horse lost the lead very late, right near the finish line.
The jockey started to urge the horse (hand-riding, not necessarily using the whip).
The horse maintained or increased its speed in the final stages.