The first international fur auction of the year has come and gone. Nowadays, the FHA January sale is really more of a mini preview into the year’s fur market. Only a small offering is up for sale, in front of a few buyers, and it isn’t the best representation of the market that we’ll see in the February and March auctions.
These sale results indicate a fur market that really hasn’t changed much since my Fur Market Forecast last fall.
Beaver sold at 84%, at pretty depressing levels. High quality eastern beaver pelts brought $12.05, while the lower quality beavers brought $7.56. The highlight of the sale was Castoreum. Grade 1 Castoreum went for a whopping $71/lb! Grade 2 brought $60/lb, and Grade 3 sold for $50/lb.
Male mink sold for around $10, with females a little over $7.
Otter and muskrat met limited demand – probably just not the right buyers present, and didn’t meet the asking prices, so they didn’t sell.
Raccoon prices looked encouraging, but only 35% of the 34,000+ coons sold – probably the top end – and averaged around $12.50.
Red fox hovered around the $20 range, with Cross fox and Arctic fox bringing $30-40.
Coyotes were a bright spot again. 90% of Western coyotes sold for a $81.79 average, and 60% of Eastern coyotes brought $51.54, better than expected.
Skins in limited demand, like wolves and wolverines, sold well. Arctic wolves averaged over $220, and wolverines brought $281.
A few weasels sold for a $3.79 average.
For now, it looks like more of the same. Keep trapping for coyotes and castor – I mean – beaver 🙂
For more on the fur market, check out my new book, Fur Profit.