Articles
Timber Market Report: 2017 4th Quarter
October 2017 - December 2017
Updated:
February 12, 2018
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
| Species by Region | Minus 1 Std Dev | Average | Plus 1 Std Dev | N# |
|---|---|---|---|---|
| Northern Red Oak | $350 | $547 | $744 | 8 |
| White Oak | $311 | $455 | $600 | 8 |
| Mixed Oak | $249 | $371 | $493 | 5 |
| Black Cherry | $602 | $743 | $884 | 6 |
| White Ash | $209 | $357 | $505 | 8 |
| Hard Maple | $206 | $326 | $445 | 5 |
| Soft Maple | $174 | $258 | $343 | 12 |
| Yellow-Poplar | $278 | $303 | $328 | 5 |
| Misc. Hardwoods | $57 | $120 | $183 | 11 |
| White Pine | $45 | $72 | $100 | 3 |
| Hemlock | $8 | $28 | $47 | 3 |
Southeast
| Species by Region | Minus 1 Std Dev | Average | Plus 1 Std Dev | N# |
|---|---|---|---|---|
| Northern Red Oak | $435 | $537 | $639 | 10 |
| White Oak | $367 | $448 | $529 | 9 |
| Mixed Oak | $291 | $386 | $482 | 11 |
| Black Cherry | $0 | $497 | $0 | 1 |
| White Ash | $212 | $258 | $304 | 6 |
| Hard Maple | $392 | $453 | $515 | 2 |
| Soft Maple | $159 | $194 | $230 | 7 |
| Yellow-poplar | $275 | $334 | $392 | 7 |
| Misc. Hardwoods | $141 | $185 | $228 | 10 |
| White Pine | $85 | $106 | $126 | 2 |
| Hemlock | N/A | $120 | N/A | 1 |
Northwest
| Species by Region | Minus 1 Std Dev | Average | Plus 1 Std Dev | N# |
|---|---|---|---|---|
| Northern Red Oak | $297 | $546 | $795 | 25 |
| White Oak | $279 | $415 | $552 | 18 |
| Mixed Oak | $192 | $315 | $437 | 20 |
| Black Cherry | $390 | $840 | $1,290 | 36 |
| White Ash | $121 | $274 | $426 | 24 |
| Hard Maple | $183 | $390 | $597 | 29 |
| Soft Maple | $179 | $286 | $393 | 35 |
| Yellow-poplar | $74 | $148 | $223 | 12 |
| Misc. Hardwoods | $42 | $91 | $141 | 32 |
| White Pine | N/A | $59 | N/A | 1 |
| Hemlock | $23 | $56 | $90 | 11 |
Southwest
| Species by Region | Minus 1 Std Dev | Average | Plus 1 Std Dev | N# |
|---|---|---|---|---|
| Northern Red Oak | $290 | $477 | $663 | 10 |
| White Oak | $245 | $396 | $548 | 10 |
| Mixed Oak | $160 | $301 | $441 | 10 |
| Black Cherry | $194 | $443 | $691 | 6 |
| White Ash | $44 | $159 | $273 | 5 |
| Hard Maple | $131 | $316 | $500 | 5 |
| Soft Maple | $105 | $198 | $291 | 8 |
| Yellow-poplar | $85 | $180 | $275 | 7 |
| Misc. Hardwoods | $56 | $102 | $148 | 8 |
| White Pine | $34 | $86 | $138 | 4 |
| Hemlock | $34 | $65 | $95 | 2 |
Conversion Factors
Doyle Price = 1.695 x International 1/4"
Price Scribner Price=1.159 x International 1/4"
Price Graphs
Key
Pulpwood Stumpage
Notes: No prices are reported for samples with only a single respondent. Ranges are not reported for samples with fewer than three respondents.
Private and Other Public Pulpwood Stumpage
| Hardwood Pulp ($/ton) | ||||
|---|---|---|---|---|
| Region | Low | Avg | High | N# |
| Northeast | $0.75 | $1.56 | $4.00 | 4 |
| Southeast | N/A | N/A | N/A | 1 |
| Northwest | $1.00 | $1.22 | $2.00 | 9 |
| Southwest | N/A | N/A | N/A | 1 |
| Softwood Pulp ($/ton) | ||||
| Region | Low | Avg | High | N# |
| Northeast | N/A | N/A | N/A | 0 |
| Southeast | N/A | N/A | N/A | 0 |
| Northwest | $1.00 | $1.00 | $1.00 | 5 |
| Southwest | N/A | N/A | N/A | 0 |
Bureau of Forestry Pulpwood Stumpage
| Hardwood Pulp ($/ton) | ||||
|---|---|---|---|---|
| Region | Low | Avg | High | N# |
| Northeast | $2.24 | $2.82 | $4.04 | 4 |
| Southeast | $4.80 | $5.96 | $6.63 | 4 |
| Northwest | $1.78 | $7.68 | $16.93 | 16 |
| Southwest | $3.84 | $5.28 | $5.97 | 4 |
| Softwood Pulp ($/ton) | ||||
| Region | Low | Avg | High | N# |
| Northeast | $1.55 | $3.33 | $5.32 | 4 |
| Southeast | N/A | $8.57 | N/A | 2 |
| Northwest | N/A | $3.54 | N/A | 2 |
| Southwest | N/A | N/A | N/A | 0 |
