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Post by TrapperRon on Feb 25, 2014 18:31:00 GMT -6
There have been more questions on the 50000 Lots from what was explained on other threads. Some say "on hand' some say "HA
or HM". These are not all lots that sold as per the 50000 PT lots we explained before. Due to markets, etc, some fur lots were held over until May sale. Not all are section III. They needed a way to identify these fur lots on your account sales before the next sale. The easiest route identify these with 50000 lot numbers.
If you had something in a 50000 lot number and it was attached to an auction sold lot then you will be paid the same as the lot that sold at auction. All of the other 50000 lots everyone is wondering about are for the May sale which was originally the April sale.
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Post by bblwi on Feb 26, 2014 9:29:10 GMT -6
I had some rats in the 5000 and they sold and my averages were good. $13.70 without the 2 $1.00 6 inch kits. I wish I could say the same for my coons, but that is a correction we knew would happen, but that large of a correction was not what I anticipated. I hope local buyers that are selling through NFA and FHA will be able to be competitive in the future.
When I reviewed my lotting letters my grades were much stiffer, just like 2010, 2011 and that is exactly where my average price wound up. Nothing like 2012 and 2013 grades with very similar collection of fur.
Bryce
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Post by trappnman on Feb 26, 2014 12:40:58 GMT -6
so many say that the grade is so important, which is why they don't like to sell in "piles" but the grade is so flexible, and so inconsistent during high prices vs low prices- that it only matters when "they" want it to matter
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Post by bblwi on Feb 28, 2014 8:22:37 GMT -6
I have been spending a decade Steve trying to learn more about how fur is graded and what constitutes good, versus average and poor fur and I am beginning to agree with you. I still like learning but I am probably not learning as much as I hoped as the grade is too movable as you state. I will still utilize my current selling plan but will use my lotting letters more as a fur price estimation then what actual grade that it may be. Grade seems to be as mobile as price and there are dozens of variables that can put fur in a specific slot at least for coons there is.
There may be an attempt to want fur to be harvested later so there is more quality and that may work but if the incentive is not high enough it won't happen; at least not in WI where we have an October start.
If I look at where prices are now which are like 2009-10 and 2011 averages. A good lot is maybe $24 and average lot $20 and an early lot say $17 then the difference is not enough to wait if you have twice as hard of trapping conditions to deal with and 1/3rd less or more coon to catch. Sure it is more work to do 150 early coons but maybe one is more efficient and profitable then catching 90 better coons.
I had 1* grade coons that were 4xl and of the same color a 4 that sold for $52 LESS than last year. To wait until November 20th to get $19 is not an incentive to wait.
Bryce
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Post by trappnman on Feb 28, 2014 11:19:01 GMT -6
You used to be able to have one constant in selling fur- and that is the value increased throughout the season- that is early goods bought X amount, later goods showed an increase- and one knew before the season, if long haired or short hairs were "in" and one could count on that.
but it seems like overall, that's not true any more. for one thing, its anybodys guess as to where prices will go (I sold my oct and 1st week nov coon for a $30 average this year in mid nov, and sold my late dec early jan coon for $17 average.
On everything but coyotes, I find that I get my best averages, selling multiple times throughout a season- if prices are dropping I at least sold some before the drop, and if increasing, I'm still riding that wave as the season goes on.
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Post by musher on Mar 1, 2014 6:18:46 GMT -6
You used to be able to have one constant in selling fur- and that is the value increased throughout the season- that is early goods bought X amount, later goods showed an increase- and one knew before the season, if long haired or short hairs were "in" and one could count on that. but it seems like overall, that's not true any more. for one thing, its anybodys guess as to where prices will go (I sold my oct and 1st week nov coon for a $30 average this year in mid nov, and sold my late dec early jan coon for $17 average. On everything but coyotes, I find that I get my best averages, selling multiple times throughout a season- if prices are dropping I at least sold some before the drop, and if increasing, I'm still riding that wave as the season goes on. I think that you have summed up the situation perfectly. Your method of selling prevents a boom or bust scenario. What I wonder is how the fur buyers are handling the situation. If they are selling at auction, many must be in severe financial difficulty right now. |
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Post by trappincoyotes39 on Mar 1, 2014 7:46:00 GMT -6
Well if you take out your competition then what is left? Then everyone will need to ship hey? Knowing a large bulk of shipped fur is from many country buyers sounds like a plan to weed them out? Or is that too much of a conspiracy theory? LOL.
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Post by bblwi on Mar 1, 2014 14:54:01 GMT -6
I don't think it is a plan to weed them out at all. The country buyers (many) have come to depend on the large fur auctions as an outlet and thus their success or failure is tied closely to the international auctions. I am sure the large auction houses don't want local buyers to fail as they are a large source of fur for the houses and they put up lots of fur. I meet many trappers that don't want to ever ship fur, put up fur etc. etc. and thus the local buyers or route buyers are what they want to use. It is amazing the number of people who will let someone use their 8K snowmobile to ice fish a lake in early season but they won't let $500 worth of coons out of their sight until paid.
Bryce
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Post by motrapperjohn on Mar 2, 2014 8:09:35 GMT -6
Well I for one was very dissapointed with the cats. When I am told to expect them to be 20 to 30% off then are sold at about 60% off from last year and 30% off from the last 5 years it really sucks. I was expecting them to hold their ground at 30% off. Its pretty bad when they are sold at a lower price than what it takes to produce them. I could have sold them for 200$ more weeks before, Sight unseen.
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Post by thorsmightyhammer on Mar 2, 2014 11:51:01 GMT -6
Carlis, how did the cats do at NAFA in comparison to the Western sales?
I think our local cats did pretty well and the top end got beat down.
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Griz
Demoman...
Posts: 240
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Post by Griz on Mar 16, 2014 15:09:40 GMT -6
Well I for one was very dissapointed with the cats. When I am told to expect them to be 20 to 30% off then are sold at about 60% off from last year and 30% off from the last 5 years it really sucks. I was expecting them to hold their ground at 30% off. Its pretty bad when they are sold at a lower price than what it takes to produce them. I could have sold them for 200$ more weeks before, Sight unseen. I agree with Trappnman and Musher on sales strategy when offered a profit above cost of production. Show me an offer above cost of production, and I will be at least selling some. If that is the high for the year, I at least got a piece of it. If it is the low for the year, I will have sold everything above cost of production, producing a net profit. That strategy guarantees that I will not achieve bragging rights to selling all of my fur at top price, but it also guarantees that I will not have a total bust in fur sales. |
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Post by mustelameister on Mar 17, 2014 3:59:29 GMT -6
On everything but coyotes, I find that I get my best averages, selling multiple times throughout a season- if prices are dropping I at least sold some before the drop, and if increasing, I'm still riding that wave as the season goes on. A practice that I will return to this coming season. |
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Post by RdFx on Mar 17, 2014 14:31:49 GMT -6
always done that especially with mink. It has panned out just in case something drops or rises. Fur prices havent kept pace with inflation especially gas prices...
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