2014 Fur Market Prices Dip From Record 2013 Highs After First Big Auction of the Season
What goes up must come down. Right? The good news is that they did not come down too much. Fur prices did dip a little coming into 2014 after FHA (Fur Harvesters of America) held the first big wild fur auction of the trapping season. Many factors contributed to the price dip, but the reality is, every market has it ups and downs. The important thing to note it that most of the gains of the past few years held steady, and FHA has a positive outlook on prices in the future.
So, lets break down some of the results. For many trappers, raccoon prices of 2013 made it pretty easy to turn a profit compared to years past. But, the raccoons at FHA did not do very well at all. Midwest and Eastern’s only averaged 7-12 dollars with more than half of the lot remaining unsold. Let’s hope this picks up soon, because for many, raccoons are the bread and butter of their fur check.
Easter Red Fox held pretty solid, and averaged at about $60. Muskrats on the other hand took a pretty decent dip. The record highs of last year have come back down to reality and a 10 dollar average. Mink averaged about $18, and river otter went mainly unsold. Beaver averaged $33 overall, which many would have liked this number to be higher as well. These prices, while not spectacular, could be worse.
While FHA results were definitely nothing to write home about, they were far from a crash. The wild fur outlook for the future is still positive. Hopefully this is just a natural valley to be followed by a higher peak. So, with fur prices down a little, just catch more fur.