Most of the meat is left to rot. It;s the fur we're after, not the meat. There's no market for teh meat. There's some money in the blubber, but not enough to make it worthwhile to harvest. The *****es are collected though--Chineses aphrodesiac.
Much of the meat is left to rot....or be eaten by the other
indigenous critters (like the polar bears, etc...) as there
is currently a small market for the meat outside of the
locals, as the seals aren't slaughtered in a packing plant,
so govt inspectors are hard pressed to inspect each
animal.
There is a push to market the meat in a more wide
spread manner. There are links (to some very dark
sausages) if you'd like to see them.