Note: This is an older report, and a lot has changed since I wrote it. Click here for a more recent fur market update and fur price forecast. I think fur prices have finally found their bottom, and we're beginning to see a bounce in the market. After several years of supply/demand imbalance due to slowing economies in China and Russia, low oil prices and overproduction of … [Read more...]
2020-2021 Fur Prices – Trapping Today’s Fur Market Forecast
You are viewing an older fur market forecast. Click here for the 2021-2022 Trapping Today Fur Market Update and Forecast. Overview There just isn't anything good to say about the fur market going into the 2020-2021 trapping season. The confluence of an oversupply of ranched fur, soft demand due to slowing economies in China and Russia and rock bottom oil prices, and … [Read more...]
2019-2020 Fur Prices: Trapping Today’s Fur Market Forecast
NOTE: This is an old post. Click here for the 2020-2021 Fur Market Update. Nothing has changed, and everything’s changed. That’s the story of the fur market heading into the 2019-2020 fur selling season. The demand for raw fur remains where it’s been for years – quite low. The Chinese and Russian economies continue to struggle along, meaning our biggest fur buying countries … [Read more...]
The Fur Market and Fur Prices – Podcast Episode 82
In this episode of the Trapping Today Podcast, Kyle Kaatz and I talk about the current state of the fur market and the economic drivers behind fur prices. We discuss the results of the recent FHA and NAFA auctions, which effectively wrap up the 2018-2019 fur selling season, and go over specific prices individual species have been bringing over the past two years. … [Read more...]
2019 Fur Prices: Fur Harvesters March 2019 Auction Results
Note: This is an old update. Click here for the 2020-2021 fur price update and market forecast. The second major fur auction in 2019 has come and gone, and there weren't many surprises. With the exception of coyote and bobcat, fur prices for most species remain low. Here are some details: Beaver sold at 75%, with a wider spread than the recent NAFA auction. The better … [Read more...]
2019 Fur Prices: NAFA February/March Auction Results
The market for coyote pelts remains strong, with 100% selling at advancing levels in North American Fur Auctions' first major fur sale of the year. Western heavy coyotes averaged $104, almost identical to last year's February/March results, and up from the later auctions. It's uncertain how long this hot market will continue, but a shortage of coyotes in the major fur … [Read more...]
Why Are Fur Prices So Low?
The long period of depressed fur prices will continue into the 2019 fur selling season. Fur prices have been low for a long time now. The period of low prices fur harvesters have been experiencing over the past few years has lasted longer than most anyone in the fur business can remember. And most fur items will likely continue to struggle throughout this season. There … [Read more...]
2018-2019 Fur Prices: Trapping Today’s Fur Market Forecast
Fur prices for most items are expected to continue their multi-year slump into the 2019 fur selling season. Why are fur prices so low? In short, we're dealing with a combination of poor economies in Russia and China, low oil prices, and oversupply of ranched fur all at the same time. It's the perfect storm. Click here for a more detailed explanation of the low fur prices, … [Read more...]