Buckwheat, what low fur prices are you talking about?
From my reading several fur reports and talking with three fur buyers the only fur that will be low at the start of this season is Mink and a notable drop in Coon, both saw decreasing prices at the end of last season. We knew the bubble had to burst. Some speculators predict $10-$12 Muskrat but historically 'Rat prices drop when Mink prices fall...time will tell if South Koreans will continue to buy 'Rats.
Gary Schroeder, fur market reporter, says Coyote, extra pale with white bellies of the west, range from $80-$100, Some other western states, prices $35-$45, big heavy, Northeastern Coyote (coywolves as they are now being called), prices will move at $50-$60 and semiheavy at $25-$35
Red Fox, heavy to semiheavy will open at $30-$40
Grey Fox will open at $15-$20
Note here, prices I'm quoting are well furred, well put up hides. Don't expect these prices when selling in the round or green or early or damaged put up fur.
About your concerns that nobody will stop the Coyote explosion with low fur prices this year....
I don't know of any Canine trapper or predator caller planning to stay home or reduce his line. Prices will be good for Coyote and Reds, Canines will be marketable.
I can see the Mink and Coon guys backing off, but they will trap, because that's what they do.
That's what I'm reading and seeing right now, Buckwheat, and basing my plans . Who know what will happen by the end of the season in this market.
Many country buyers were beat up last year. By that, Mink and Coon prices dropped toward the middle-end of last season.
By that time, Country buyers had already laid out large amounts of cash to buy Mink and Coon, then the bottom dropped before they sold these pelts.
They lost money on these items and will be very hesitant to buy Mink and Coon this season, but they will buy, but at a reduced rate.