Fur Market Forecast

As fur market analyst Parker Dozhier has told me more times than I can count over the years, it’s all just a guess. However, I can’t remember a year heading into the season when fur buyers and those in the know had as much uncertainty as they do right now.

Of course, when the stock markets tank, then drop again and the global economy is as shaky as it is right now, we’re all in uncharted waters. Still, commodities often hold their own when the economy gets rough and the markets falter.

So, the best guess: coyotes – not so good; bobcats – should be as good; gray foxes – down a bit, but still solid; red fox – still poor; raccoons – could be very good, could drop dramatically.

Coyotes: A lot of unsold lower-grade pelts exist right now, so that will hold the price of new goods coming onto the market down. Dozhier says the best coyotes – pales with wide, white bellies from the Rocky Mountains might bring $40 to $45, but most will fetch far less. He put Wisconsin skins at $25 and down for the best large, heavy coyotes. A representative of North American Fur Auctions also indicated the coyote market was not expected to have much depth and generally be poor. Might be a good year to tan some coyotes and sell them to alternative markets.

Bobcats: Dozhier said he thinks the high-end bobcat market will hold up for another season, although the best skins might not hit $1,100 as a few did last year. Bobcats are being used to make luxury goods, and the demand continues for spotted fur.

Gray foxes: After doing exceptionally well last winter, gray foxes did not do as well at the spring auctions. Dozhier termed it as a hiccup, and said he thought the market would still be good for grays. He suggests hanging onto grays until later in the season.

Red foxes: Ranch production of foxes continues to keep the market for wild red foxes depressed. Expect a replay of last season, Dozhier said. The best might bring $35, but most will be $20 or thereabouts.

Raccoons: Every year, it seems one furbearer receives extra attention as the species to target. In 2008-2009, it’s raccoons. Many trappers and hunters are expecting to average $40 or more this season. Dozhier and the NAFA rep agree that the raccoon market holds great promise, but caution that the weather – both in the United States and Russia – will play a major role in determining the size of the harvest and the demand for the fur. If it snows and freezes early in the United States, and Russia has a frigid winter, fur harvesters who have a bunch of raccoons to sell will benefit nicely. If it’s warm here and there, disappointment is likely.

It’s all a crap shoot. Just like the stock market.