Supply vs Demand
Most people focus on demand when it comes to Fur. Other commodities like Copper for instance are easier to analyze on not just demand, but mining and recycling supplies are published daily and very transparent.
This fur business has always been tough to price, but this year may be the worst in a long time (ever?) Covid; Market depending on fewer buyers, less auctions to set price
Anyways, back to supply- I suspect it is safe to say that as far as Coyotes go:
Some fur producers didn’t/won’t reach their normal harvest levels
Some will store green/finished pelts to wait for market to improve
Some will quit altogether or concentrate on other furbearers
If supply is challenged in the short term (read 2022) - this may help prices establish a little higher price than some think; as even a reduced demand is met by a surprise in even lower supply of good Western goods
I am shipping to FHA; and believe better goods (all species) will have some min price protection …. And we get to see what the world fur market/ demand will pay for our top end Western Cdn goods
Cheers and good luck to all. We need this fur market to steady and find its legs again
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