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Timber Market Report: 2016 4th Quarter

October - December 2016

Dr. Jacobson's Comments

2016 was one of those years with very little volatility in Pennsylvania stumpage prices - usually we see numerous ups and downs in species averages. The current pattern is a sign of market stability. One notable trend, however, is that Black Cherry prices continue to decrease slightly over time in the Northern tier. We are also hearing about a strong demand for Ash, although no price spikes are shown in the TMR. Hardwood export markets broke records in some sectors in 2016, and forecasts for 2017 indicate another strong year.

Stumpage Prices

Northeast

Prices are $ per MBF International 1/4
Species by Region Minus 1 Std Dev Average Plus 1 Std Dev N#
Northern Red Oak $318 $441 $564 17
White Oak $245 $393 $542 13
Mixed Oak $178 $309 $441 16
Black Cherry $500 $673 $846 11
White Ash $241 $320 $399 14
Hard Maple $244 $366 $488 10
Soft Maple $158 $252 $346 19
Yellow-Poplar $192 $281 $371 7
Misc. Hardwoods $58 $122 $186 19
White Pine $44 $75 $106 4
Hemlock $32 $43 $54 5

Southeast

Prices are $ per MBF International 1/4
Species by Region Minus 1 Std Dev Average Plus 1 Std Dev N#
Northern Red Oak $357 $553 $748 12
White Oak $295 $467 $639 13
Mixed Oak $250 $421 $592 12
Black Cherry $163 $411 $659 2
White Ash $206 $249 $292 6
Hard Maple $142 $422 $702 3
Soft Maple $99 $186 $274 7
Yellow-poplar $269 $380 $492 5
Misc. Hardwoods $106 $181 $256 12
White Pine $58 $69 $79 3
Hemlock $0 $0 $0 0

Northwest

Prices are $ per MBF International 1/4
Species by Region Minus 1 Std Dev Average Plus 1 Std Dev N#
Northern Red Oak $282 $385 $488 23
White Oak $286 $382 $479 13
Mixed Oak $217 $293 $368 13
Black Cherry $301 $583 $865 34
White Ash $160 $257 $353 29
Hard Maple $199 $308 $418 30
Soft Maple $224 $280 $337 34
Yellow-poplar $83 $146 $210 17
Misc. Hardwoods $40 $72 $104 31
White Pine $0 $52 $105 4
Hemlock $4 $34 $63 5

Southwest

Prices are $ per MBF International 1/4
Species by Region Minus 1 Std Dev Average Plus 1 Std Dev N#
Northern Red Oak $285 $484 $683 16
White Oak $252 $447 $641 15
Mixed Oak $216 $354 $493 15
Black Cherry $190 $290 $391 11
White Ash $94 $216 $338 9
Hard Maple $162 $274 $386 9
Soft Maple $127 $220 $312 14
Yellow-poplar $140 $266 $392 12
Misc. Hardwoods $68 $158 $249 14
White Pine $63 $151 $238 4
Hemlock $30 $117 $204 3

Conversion Factors

  • Doyle Price = 1.695 x International 1/4" Price
  • Scribner Price=1.159 x International 1/4" Price

Graphs

Key

Graph Key

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Northwest.png

Southeast.png

Southwest.png

Pulpwood Stumpage

Notes

  • No prices are reported for samples with only a single respondent.
  • Ranges are not reported for samples with fewer than three respondents.

Private and Other Public Pulpwood Stumpage

Hardwood Pulp ($/ton)
Region Low Avg High N#
Northeast $0.75 $3.71 $6.70 8
Southeast N/A $2.75 N/A 2
Northwest $0.83 $1.49 $4.25 13
Southwest $1.00 $2.20 $4.00 5
Softwood Pulp ($/ton)
Region Low Avg High N#
Northeast N/A $4.00 N/A 2
Southeast N/A N/A N/A 1
Northwest N/A N/A N/A 1
Southwest N/A $1.92 N/A 2

Bureau of Forestry Pulpwood Stumpage

Hardwood Pulp ($/ton)
Region Low Avg High N#
Northeast $1.14 $3.96 $8.38 8
Southeast $1.79 $3.95 $6.90 5
Northwest $5.75 $6.18 $6.72 7
Southwest $1.72 $4.99 $8.08 8
Softwood Pulp ($/ton)
Region Low Avg High N#
Northeast $1.50 $1.93 $2.23 3
Southeast N/A N/A N/A 1
Northwest N/A N/A N/A 0
Southwest N/A N/A N/A 0