NOTE: This is not the most recent Fur Market Update from Trapping Today. Click Here for the FHA March 2017 Auction Recap.
The first major fur auction of the 2017 selling season is in the books, and things proceeded without any big surprises. Overall fur prices remain low, but we may be seeing recovery in some items.
Coyotes remain the major bright spot in the low fur market, and pale Western coyotes are bringing very good prices. They sold at 100% and averaged $56. Eastern coyotes remained around $25.
Red Fox averaged around $10-24 depending on section.
Raccoon prices remain low, with many coon pelts still unsalable, and unsold at this auction. Better Canadian coons did average over $7.00.
Beaver prices are still very low, with better Eastern beaver pelts averaging $14. This is actually quite an improvement from some of last year’s prices, and many expect beaver prices to rise over the next few months.
Mink sold around $7-10, and Otter averaged $25.
Muskrat showed an improvement, and FHA held the line on rat prices, keeping a reserve price on larger skins. As a result, only the lower end (30%) of the muskrats sold, and averaged $4.34. I think we can expect to see better muskrat prices in the next major auction.