Note: This is not the latest fur market update from Trapping Today. Click here for NAFA July fur auction results and market recap.
After months of anticipation, we’ve finally seen the completion of the FHA March fur sale we’ve been waiting for to truly understand the state of the fur market this year. Considering the depressed state of the fur market we’ve been in recently, the results weren’t all that bad. Long haired goods did well. Coyote, bobcat and marten (sable) were bright spots in the auction. Demand is high for these items. Raccoons did a little better than expected, but are still very low. Water animals didn’t fare great. Beaver prices continue to be low, and muskrat pelts didn’t command the price FHA expected, so they declined to sell most of them.
Here are some averages:
Beaver – $9 – 14, with some unsold (castor brought $45 – 66 / lb)
Mink – $7 – 13 (no real change for the past few years)
Marten – $55 – 105, (lower prices for pelts from the lower 48, best prices for Alaska and northern Canada pelts)
Otter – $32
Fisher – $57 – 69
Lynx – $73 (this item is struggling, making it tough for Alaskan and Canadian trappers)
Bobcat – $81 – 85 for eastern and Canadian, $315 – 527 for Western cats (bobcat appear to be making a comeback!)
Muskrat – mainly unsold and held for the next auction
Red Fox – $12 – 28
Coyote – Central: $15, Eastern: $27, Western: $57 – 102
Raccoon – $5 – 12
The next major auctions take place in May.