It's sent in a email. If you have ever ordered from them they send emails from time to time. Anyways, here's what it says:
Good morning,
So with Fur Harvester’s wrapping up their online auction, I wanted to provide a little insight on the global fur market. Over all I think the FHA sale was fair to decent. Heavy western coyotes again were strong! Muskrats were fair, I think after commissions the averages were slightly below levels at the various state sales and country buyers. Coon were mixed, 13% sold was a little less than I expected. However, the $8.37 average was slightly higher than my $7.50 expectation. Beaver averaged $14.19 which I think was positive at 55% sold. For the trapper to catch, skin, flesh, and stretch a beaver for $14.19 minus 11% commission, a beaver trapper is operating at far below the minimum wage. I don’t mean to sound negative on Fur Harvester’s results, I think this sale was a drastic improvement from 1 year ago.
When any kind of market is at a low, the risk is low. When risk is low, it’s easier to expand marketing and innovation. The value of the time spent on development is high when the market is low. So I think there is great change coming to way wild fur is sold.
Much of the wild fur market is driven by China. China manufacturers generally master cash flow management. They buy dressed fur as orders are filled. Instead of spending wildly at an auction, and hoping for orders - they spend just what they need to buy the fur needed to cover the orders. This is smart business!
Groenewold Fur & Wool (GFW) has drastically increased their route coverage across the US and Canada. I’ve known Guy Groenewold for over 2 decades, and have great respect for him. Guy is very innovative, and GFW is changing the way the wild fur business works. GFW offers dressed fur for sale in China, every day! So manufacturers have easy access to fur anytime they need it. The fur is offered already dressed (tanned) so the manufacturer knows exactly what they are buying. There’s no gambling on buying raw fur and hoping for it to turn out in the dressing process. There’s no traveling around the world for the manufacturer and no stress on cash flow. The value in this scenario is immense, and regardless of the actual cost of the fur, it’s a profitable and sustainable business model for both seller (GFW) and the buyer/manufacturer.
So long term, I’m very bullish on the fur market. I think the innovative disruption that is coming to the wild fur business greatly benefits the trapper! This is just the beginning of what I think will be a steady increase in wild fur prices over the next decade.
On another note, click here to visit kaatzbros.com and stock up now! Many prices are increasing, and availability on some items is a serious problem. So don’t wait, prepare for next season now. Keep an eye on your inbox for some new products coming later this spring from Kaatz Bros!
Best regards,
-Kyle Kaatz
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9986 Wacker Rd.
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