Fur markets around the world are patiently awaiting colder weather and the business it brings with it. Ranch mink auctions in Scandinavia have continued with multi-year low prices. The trimming business and fur garment business have both started off relatively well. However, ranchers continue to produce too much product. Wild fur has already drastically reduced quantities, and any increased usage will result in higher prices. The greatest chance of increased usage remains in coyote which will keep western sections strong, push midwestern coyote types higher and firm up heavy section raccoons.
Western semi and heavy coyote were very strong last year. The carry over is very small. These western skins are once again needed by the trimming trade and will certainly achieve last year’s levels. Prices beyond this are hard to imagine because profit on coyote ruffs made from these top price westerns was getting squeezed.
Midwestern type coyote (slightly coarser and slightly darker) were discounted considerably last year. The trims manufactured from the coyotes are not as fashionable, especially on brighter colored coats, but will need to be used to attain the required quantities needed to fulfill orders. The heavier these coyotes are the more this type of coyote will increase in price. Flat and early midwestern type coyote will continue to have very little value. Midwestern heavy coyote, stretched and dried, could see prices as high as $100.
Heavy raccoon should be impacted by increased coyote demand. Heavy raccoon are considerably different than coyote. However, tightness in coyote supplies will push certain manufacturers to switch for both price and style issues. This will be basically limited to heavier western type raccoon. Other sections just don’t have the desired look.
Continued demand for better coyotes will keep westerns high, push midwestern types higher and possibly have a positive impact on heavier western raccoon. Continue to monitor our social media for updates before the season
