Horse just arrived from Cavan, 3 year old ID, was graded as class 1 this year. Bit perplexed (me!) But not bothering the horse at all. Feels quite hard ? It's on the outside. Not lame or anything. Could it be a splint?
My mare has similar on one of her hinds, I would hazard a kick injury as that's what mine is; she kicked herself when having a strop. It's never really affected her and her way of going but we are older and not got many goals in terms of what we do so you may want to investigate to be sure it's not going to cause issue in the future.