Timber Market Report: 2018 3rd Quarter

Timber stumpage and pulpwood prices in Pennsylvania, for the third quarter of 2018. July-September 2018.
Timber Market Report: 2018 3rd Quarter - Articles

Updated:

Timber Price Graphs

Key

Dr. Ray's Comments:

Extremely wet weather was the unfortunate story of the third quarter 2018 in Pennsylvania. Timber prices slumped as harvest volumes tailed off; loggers struggled to find suitable sites, and what logs did come in piled up in mill yards. Coupled with the slowdown in housing starts also due to the wet conditions, the entire wood products supply chain slowed to a crawl.

In the southern half of the state, prices for all key species returned to pre-2nd quarter levels. The northern part of the state fared somewhat better; key species struggled to hold near-2nd quarter levels, with the exception of black cherry, which tailed off quite a bit.

With harvest volumes restricted in the third quarter, and the general economy remaining strong, look for timber prices to resume their upward trends in future quarters. If we experience a hard winter, both the forest floor and building sites could firm up to allow activity to resume. Logging and mill activity could ramp up to near-capacity levels as homebuilders resume filling their housing orders. 2019 looks to be a strong year for the wood products industry.

Stumpage Prices

Prices are $ per MBF International 1/4"

Northeast

Species-1 Std DevAverage+1 Std DevN#
Northern Red Oak$355$492$6299
White Oak$295$393$4919
Mixed Oak$205$313$4229
Black Cherry$610$792$9738
White Ash$214$339$4656
Hard Maple$287$370$4537
Soft Maple$207$287$36711
Yellow-Poplar$107$185$2634
Misc. Hardwoods$70$115$1598
White Pine$0$225$01
Hemlock$0$75$01

Southeast

Species-1 Std DevAverage+1 Std DevN#
Northern Red Oak$397$514$6316
White Oak$319$418$5166
Mixed Oak$249$333$4176
Black Cherry$0$0$00
White Ash$213$255$2972
Hard Maple$214$251$2872
Soft Maple$159$194$2295
Yellow-poplar$206$280$3545
Misc. Hardwoods$128$152$1765
White Pine$66$110$1553
Hemlock$0$0$00

Northwest

Species-1 Std DevAverage+1 Std DevN#
Northern Red Oak$365$551$73710
White Oak$296$382$4698
Mixed Oak$200$287$3746
Black Cherry$557$884$1,21216
White Ash$186$269$35215
Hard Maple$301$414$52615
Soft Maple$171$254$33715
Yellow-poplar$72$152$2327
Misc. Hardwoods$41$87$13314
White Pine$0$0$00
Hemlock$0$9$01

Southwest

Species-1 Std DevAverage+1 Std DevN#
Northern Red Oak$130$323$5166
White Oak$112$279$4466
Mixed Oak$83$191$3006
Black Cherry$106$228$3514
White Ash$81$94$1084
Hard Maple$102$192$2824
Soft Maple$88$140$1925
Yellow-poplar$83$139$1963
Misc. Hardwoods$67$84$1025
White Pine$0$69$01
Hemlock$0$69$01

Conversion Factors

Doyle Price = 1.695 x International 1/4"

Scribner Price=1.159 x International 1/4"

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
Southeast^^^1
Northwest$1.00$1.33$2.003
Southwest*$2.50*2
Softwood Pulp ($/ton)
RegionLowAvgHighN#
Northeast 0
Southeast 0
Northwest 0
Southwest 0

Bureau of Forestry Pulpwood Stumpage

Hardwood Pulp ($/ton)
RegionLowAvgHighN#
Northeast$2.07$3.79$6.908
Southeast*$5.00*2
Northwest$4.48$8.93$17.2410
Southwest^^^1
Softwood Pulp ($/ton)
RegionLowAvgHighN#
Northeast^^^1
Southeast^^^1
Northwest 0
Southwest 0

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