Timber Market Report: 2016 4th Quarter

October - December 2016
Timber Market Report: 2016 4th Quarter - Articles

Updated: October 16, 2017

Timber Market Report: 2016 4th Quarter

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 RegionMinus 1 Std DevAveragePlus 1 Std DevN#
Northern Red Oak$318$441$56417
White Oak$245$393$54213
Mixed Oak$178$309$44116
Black Cherry$500$673$84611
White Ash$241$320$39914
Hard Maple$244$366$48810
Soft Maple$158$252$34619
Yellow-Poplar$192$281$3717
Misc. Hardwoods$58$122$18619
White Pine$44$75$1064
Hemlock$32$43$545

Southeast

Prices are $ per MBF International 1/4
Species by RegionMinus 1 Std DevAveragePlus 1 Std DevN#
Northern Red Oak$357$553$74812
White Oak$295$467$63913
Mixed Oak$250$421$59212
Black Cherry$163$411$6592
White Ash$206$249$2926
Hard Maple$142$422$7023
Soft Maple$99$186$2747
Yellow-poplar$269$380$4925
Misc. Hardwoods$106$181$25612
White Pine$58$69$793
Hemlock$0$0$00

Northwest

Prices are $ per MBF International 1/4
Species by RegionMinus 1 Std DevAveragePlus 1 Std DevN#
Northern Red Oak$282$385$48823
White Oak$286$382$47913
Mixed Oak$217$293$36813
Black Cherry$301$583$86534
White Ash$160$257$35329
Hard Maple$199$308$41830
Soft Maple$224$280$33734
Yellow-poplar$83$146$21017
Misc. Hardwoods$40$72$10431
White Pine$0$52$1054
Hemlock$4$34$635

Southwest

Prices are $ per MBF International 1/4
Species by RegionMinus 1 Std DevAveragePlus 1 Std DevN#
Northern Red Oak$285$484$68316
White Oak$252$447$64115
Mixed Oak$216$354$49315
Black Cherry$190$290$39111
White Ash$94$216$3389
Hard Maple$162$274$3869
Soft Maple$127$220$31214
Yellow-poplar$140$266$39212
Misc. Hardwoods$68$158$24914
White Pine$63$151$2384
Hemlock$30$117$2043

Conversion Factors

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

Graphs

Key

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)
RegionLowAvgHighN#
Northeast$0.75$3.71$6.708
SoutheastN/A$2.75N/A2
Northwest$0.83$1.49$4.2513
Southwest$1.00$2.20$4.005
Softwood Pulp ($/ton)
RegionLowAvgHighN#
NortheastN/A$4.00N/A2
SoutheastN/AN/AN/A1
NorthwestN/AN/AN/A1
SouthwestN/A$1.92N/A2

Bureau of Forestry Pulpwood Stumpage

Hardwood Pulp ($/ton)
RegionLowAvgHighN#
Northeast$1.14$3.96$8.388
Southeast$1.79$3.95$6.905
Northwest$5.75$6.18$6.727
Southwest$1.72$4.99$8.088
Softwood Pulp ($/ton)
RegionLowAvgHighN#
Northeast$1.50$1.93$2.233
SoutheastN/AN/AN/A1
NorthwestN/AN/AN/A0
SouthwestN/AN/AN/A0

Authors

Bioenergy Agroforestry Forest Economics and Finance International Forestry Forest Extension Non Timber Forest Products

More by Michael Jacobson, Ph.D.