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Kopenhagen fur sale #6151742
02/08/18 03:43 PM
02/08/18 03:43 PM
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Iowa
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mink99 Offline OP
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For anyone following the international fur auctions, the auction in Denmark started yesterday. Due to the weakening of the U.S. dollar and increased competition, mink prices rose about 10% on the brown and mahogany male mink. There are quite a few more buyers there this sale than there were a year ago. Including quite a few Russian and Turkish buyers.

Tomorrow they sell the brown females.


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Re: Kopenhagen fur sale [Re: mink99] #6151747
02/08/18 03:54 PM
02/08/18 03:54 PM
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sseMinnesota
blackhammer Offline
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Thanks for info 99. Maybe strengthen Rat market a little.


Ah,for the life of a millionaire,say some,but just let me stay a trapper. Bill Nelson
Re: Kopenhagen fur sale [Re: mink99] #6151834
02/08/18 05:38 PM
02/08/18 05:38 PM
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Armpit, ak
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Dirt Offline
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If it is ten percent higher than last year, then the buyers are basically paying the same price in Euros as last year?


Who is John Galt?
Re: Kopenhagen fur sale [Re: Dirt] #6151852
02/08/18 06:11 PM
02/08/18 06:11 PM
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blackhammer Offline
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Originally Posted By: Dirt
If it is ten percent higher than last year, then the buyers are basically paying the same price in Euros as last year?
if the dollar is 10 percent weaker. ? I’m not following currency very close. I don’t shop on Euros here in Minnesota. So a weaker dollar and a few more Russians is a good thing


Ah,for the life of a millionaire,say some,but just let me stay a trapper. Bill Nelson
Re: Kopenhagen fur sale [Re: mink99] #6151889
02/08/18 06:58 PM
02/08/18 06:58 PM
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Armpit, ak
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Dirt Offline
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Saga sells in Euros.(kind of) I'm hoping FHA sells in Euros in Helsinki. I don't know. Could be good for another 10% for me.


Who is John Galt?
Re: Kopenhagen fur sale [Re: Dirt] #6151975
02/08/18 08:12 PM
02/08/18 08:12 PM
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blackhammer Offline
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Originally Posted By: Dirt
Saga sells in Euros.(kind of) I'm hoping FHA sells in Euros in Helsinki. I don't know. Could be good for another 10% for me.
10 percent is a start Good luck

Last edited by blackhammer; 02/08/18 08:12 PM.

Ah,for the life of a millionaire,say some,but just let me stay a trapper. Bill Nelson
Re: Kopenhagen fur sale [Re: Dirt] #6152235
02/08/18 11:06 PM
02/08/18 11:06 PM
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mink99 Offline OP
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Originally Posted By: Dirt
If it is ten percent higher than last year, then the buyers are basically paying the same price in Euros as last year?


Kopenhagen sells using the danish krone, which I know nothing about.


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Re: Kopenhagen fur sale [Re: mink99] #6152330
02/09/18 01:19 AM
02/09/18 01:19 AM
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Dirt Offline
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Originally Posted By: mink99
Originally Posted By: Dirt
If it is ten percent higher than last year, then the buyers are basically paying the same price in Euros as last year?


Kopenhagen sells using the danish krone, which I know nothing about.


Looks like it tracks the Euro.

"The sales started with an offering of more than 700,000 Brown and Brown Velvet males that were sold at a 2 per cent increase in DKK compared to the auction in June, where similar regular skins were sold. In USD, prices rose with more than 10 per cent."

"The day’s largest article were Brown and Brown Velvet females totaling 650,000 skins. The Classic dropped 4 per cent and the Velvet 6 per cent. In USD, the price rose 6 and 4 per cent, respectively."

Brown Male average $40.80
Brown Velvet Male average $51.04
Brown Female average $21.88
Brown Velvet Female average $29.92

Last edited by Dirt; 02/09/18 03:49 PM.

Who is John Galt?
Re: Kopenhagen fur sale [Re: mink99] #6153106
02/09/18 10:40 PM
02/09/18 10:40 PM
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mink99 Offline OP
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Those Danes might still be making money at these prices, which means they stay the same or even expand flooding the market even more in the future. At least their prices are lower.

Luckily our dollar has weakened giving the U.S. ranchers and trappers a chance to compete a little more.


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Re: Kopenhagen fur sale [Re: mink99] #6153138
02/09/18 11:11 PM
02/09/18 11:11 PM
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james bay frontierOnt.
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The price of oil dropped today and the Canadian dollar went up.That is arse backwards,every time in the past when oil dropped or rose,the Canadian dollar did the same.Must have something to do with the weakening of the USD and inflation down there.

Last edited by Boco; 02/09/18 11:12 PM.

Forget that fear of gravity-get a little savagery in your life.
Re: Kopenhagen fur sale [Re: Dirt] #6153855
02/10/18 07:30 PM
02/10/18 07:30 PM
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Co.-Wy. part time AK.
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wy.wolfer Offline
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Originally Posted By: Dirt
If it is ten percent higher than last year, then the buyers are basically paying the same price in Euros as last year?
Dirt, One year ago today the EURO cost $1.06 USD. Today the Euro costs $1.22 USD. that's a 16% difference, meaning the buyers purchasing in Euro's are paying/costing 16% in USD. less than last year.

Last edited by wy.wolfer; 02/10/18 08:45 PM.
Re: Kopenhagen fur sale [Re: mink99] #6153983
02/10/18 09:25 PM
02/10/18 09:25 PM
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The females are still selling below the cost of production so I don't see any improvement to short hair wild fur.

Re: Kopenhagen fur sale [Re: gibb] #6154001
02/10/18 09:42 PM
02/10/18 09:42 PM
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Originally Posted By: gibb
The females are still selling below the cost of production so I don't see any improvement to short hair wild fur.
Well should mean they can’t produce mink At a viable profit You can’t raise all males. Pelting out should be getting very common


Ah,for the life of a millionaire,say some,but just let me stay a trapper. Bill Nelson
Re: Kopenhagen fur sale [Re: mink99] #6154074
02/10/18 10:35 PM
02/10/18 10:35 PM
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mink99 Offline OP
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Problem is I read where in Finland they can feed a mink for $17 each, Denmark should be just as cheap or cheaper. Over here it may cost anywhere from $20 to $30 just to feed a mink. Labor will cost a lot but they are pretty modern over there.


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Re: Kopenhagen fur sale [Re: mink99] #6154095
02/10/18 10:53 PM
02/10/18 10:53 PM
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Dirt Offline
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" As of January 2016, the per-pelt average price fell from 610 kroner ($91) in 2014, to 227 kroner ($34). Considering each animal costs around 140 kroner ($21) in food each year, the profit margin will be narrow this year, if it exists at all."


Who is John Galt?
Re: Kopenhagen fur sale [Re: Dirt] #6154129
02/10/18 11:15 PM
02/10/18 11:15 PM
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mink99 Offline OP
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Originally Posted By: Dirt
" As of January 2016, the per-pelt average price fell from 610 kroner ($91) in 2014, to 227 kroner ($34). Considering each animal costs around 140 kroner ($21) in food each year, the profit margin will be narrow this year, if it exists at all."


I hope it does cost the Danes plenty to raise a mink, we need their production to go down.


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Re: Kopenhagen fur sale [Re: mink99] #6157791
02/14/18 03:36 PM
02/14/18 03:36 PM
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Any more insight on how the sale finished up?
MNRATMAN

Re: Kopenhagen fur sale [Re: MNRATMAN] #6158288
02/14/18 11:00 PM
02/14/18 11:00 PM
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mink99 Offline OP
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Originally Posted By: MNRATMAN
Any more insight on how the sale finished up?
MNRATMAN


This sale was predicted to be lower, it turns out that mink prices actually went up a little. Also heard that this wasn’t the best of the best pelts on this sale. So all in all this was a very positive development.


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Re: Kopenhagen fur sale [Re: mink99] #6158344
02/15/18 12:20 AM
02/15/18 12:20 AM
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The Beav Offline
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I was told that the Danes moved one of their mink operations To WI.


The forum Know It All according to Muskrat
Re: Kopenhagen fur sale [Re: mink99] #6158347
02/15/18 12:22 AM
02/15/18 12:22 AM
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potter co. p.a.
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nah,that was a non-resident from Minn. whistle









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