The levels of thyroid hormones (T3, T4), total lipids and urea in blood serum of adult farmed raccoon dogs (Nyctereutes procyonoides Gray 1834) were monitored year-round, and compared with seasonal changes in body weight and feed consumption during intense, maintenance and restricted fasting feeding. 2. Thyroid hormone levels tended to be low during winter whereas during the rest of the year no marked seasonal differences were observed. That thyroid hormone levels were influenced by altering feed intake suggests the hypothesis that the winter hypothyroidism observed was a result of a decreased level of voluntary feed intake. 3. The colder the temperature was during winter, the less the animals consumed the feed supplied. 4. Neither season nor feed intake level affected serum levels of total lipids or urea. 5. Marked seasonal changes in body weight of the animals were found. From maximum values occurring in early winter their body weight generally dropped about 30% reaching the minimum values in mid-summer. This marked seasonal change was mainly the result of changes in subcutaneous fat reserves.