Fur Market News per Groenewold

Good information from our friends at Groenewold.

 

As the new trapping and hunting season is about to begin, we are working to discover the real market for wild fur. We have been marketing wild fur aggressively by establishing new means of making wild fur readily available to the end users .

What have we discovered about demand?  We have seen a moderate rise in the prices of muskrat and otter which could be a result of the recent rise in ranch mink prices with 100% clearance. We expect muskrats to maintain this trend and these levels as ranch mink coat sales are very good in Northern China.  We are hoping otter will also continue to move in a positive direction.

What about raccoon?  We have realized a price level on raccoon which is seemingly low to motivate trappers, however we are seeing our goods being used for both Chinese and Russian consumption. With raccoon in both markets we are hoping to see an uptick with this item.

The Russian market will be interesting to watch this year.  There is a new regulation in place to track skins which have been imported legally to make the black means of importing easier to detect.  This will have advantages and disadvantages to the producers in Russia, and the market fallout is yet to be determined. We are seeing much a colder winter develop in Russia this year.  A cold winter will result in raccoon consumption, however the net effect on the market will be known later as skin dealers are dumping cheap skins on the market to generate cash.

Fur Routes. We will be starting our routes later this year to encourage a catch of primer skins. We do not see the need to put inferior skins on the market when there are plenty of goods which were cleared at very low prices last year. Quality skins are desired first in this market.

Legal Stability in China.  We have discovered that Chinese are now importing goods and paying the legal taxes.  This is good for business because it creates a even playing field for all competitors.

Beaver:  We continue to market and process beaver.  We can always use beaver.

Coyote: Western heavy coyotes will have good value while other grades will be more selective in demand.  The damaged coyotes in the Midwest and Eastern States will have little value this year as their final commercial uses do not work economically.

Currencies: The Russian Ruble has steadied which gives investors confidence. The Chinese Yuan is losing value so this is becoming a concern as this causes our exports to look more expensive to them.

Big Lot: We are doing our Big Lot Marketing Program again. Please check our website for details.

New York: We will introduce a Western New York route this year.

Fur Dealers: If you have any questions about how we can cooperate together call us at 815 938 2381.

If anyone has any questions about the market, you may email me at groenewold.g@googlemail.com. I may try to answer them in our next blog or answer them personally.

Fur prices

Raccoon: Raccoon prices have found a bottom.
Muskrat: Prices have come off of spring lows and have moved to more respectable levels.
Beaver: Better beaver are difficult to sell.  
Wild Mink: Watch ranch mink prices…
Coyote: Western’s will be respectable, Eastern damages will be very cheap.
Grey Fox: Very slow.
Red Fox: Selling at better levels.
Skunk: Sold a few for fashion, mostly novelty usage.
Fisher: Sold out.
Otter: Otter have moved up a bit.
Bobcats: Better goods are sold out.  Commercials waiting for Russia…
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