Timber Market Report: 2017 4th Quarter

October 2017 - December 2017
Timber Market Report: 2017 4th Quarter - Articles
Timber Market Report: 2017 4th Quarter

Dr. Jacobson's Comments

Prices increased slightly overall this quarter across all regions. There was a noticeable decrease in black cherry prices for the Northeast region, with prices returning back to previous levels from earlier in 2017. Respondents shared concerns about growing log exports to foreign markets, specifically China. Penn State Extension recently conducted a survey of Pennsylvania forest products firms to help identify current export trends and better understand how these are impacting the market.

Stumpage Prices

Northeast

Prices are $ per MBF International 1/4"
Species by RegionMinus 1 Std DevAveragePlus 1 Std DevN#
Northern Red Oak$350$547$7448
White Oak$311$455$6008
Mixed Oak$249$371$4935
Black Cherry$602$743$8846
White Ash$209$357$5058
Hard Maple$206$326$4455
Soft Maple$174$258$34312
Yellow-Poplar$278$303$3285
Misc. Hardwoods$57$120$18311
White Pine$45$72$1003
Hemlock$8$28$473

Southeast

Prices are $ per MBF International 1/4"
Species by RegionMinus 1 Std DevAveragePlus 1 Std DevN#
Northern Red Oak$435$537$63910
White Oak$367$448$5299
Mixed Oak$291$386$48211
Black Cherry$0$497$01
White Ash$212$258$3046
Hard Maple$392$453$5152
Soft Maple$159$194$2307
Yellow-poplar$275$334$3927
Misc. Hardwoods$141$185$22810
White Pine$85$106$1262
HemlockN/A$120N/A1

Northwest

Prices are $ per MBF International 1/4"
Species by RegionMinus 1 Std DevAveragePlus 1 Std DevN#
Northern Red Oak$297$546$79525
White Oak$279$415$55218
Mixed Oak$192$315$43720
Black Cherry$390$840$1,29036
White Ash$121$274$42624
Hard Maple$183$390$59729
Soft Maple$179$286$39335
Yellow-poplar$74$148$22312
Misc. Hardwoods$42$91$14132
White PineN/A$59N/A1
Hemlock$23$56$9011

Southwest

Prices are $ per MBF International 1/4"
Species by RegionMinus 1 Std DevAveragePlus 1 Std DevN#
Northern Red Oak$290$477$66310
White Oak$245$396$54810
Mixed Oak$160$301$44110
Black Cherry$194$443$6916
White Ash$44$159$2735
Hard Maple$131$316$5005
Soft Maple$105$198$2918
Yellow-poplar$85$180$2757
Misc. Hardwoods$56$102$1488
White Pine$34$86$1384
Hemlock$34$65$952

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$1.56$4.004
SoutheastN/AN/AN/A1
Northwest$1.00$1.22$2.009
SouthwestN/AN/AN/A1
Softwood Pulp ($/ton)
RegionLowAvgHighN#
NortheastN/AN/AN/A0
SoutheastN/AN/AN/A0
Northwest$1.00$1.00$1.005
SouthwestN/AN/AN/A0

Bureau of Forestry Pulpwood Stumpage

Hardwood Pulp ($/ton)
RegionLowAvgHighN#
Northeast$2.24$2.82$4.044
Southeast$4.80$5.96$6.634
Northwest$1.78$7.68$16.9316
Southwest$3.84$5.28$5.974
Softwood Pulp ($/ton)
RegionLowAvgHighN#
Northeast$1.55$3.33$5.324
SoutheastN/A$8.57N/A2
NorthwestN/A$3.54N/A2
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.