Timber Market Report: 2017 2nd Quarter

Dr. Jacobson's Comments

Prices increased slightly in most regions after a wet and muddy 1st quarter. Black cherry prices in the Northeast and Northwest regions are up for the year and above prices from this time last year.

White ash prices in the Southwest region recovered from last quarter, most likely due to a higher number of reported sales.

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	$264	$447	$630	16
White Oak	$176	$314	$452	13
Mixed Oak	$110	$244	$379	10
Black Cherry	$481	$860	$1,238	14
White Ash	$176	$318	$461	15
Hard Maple	$213	$351	$489	14
Soft Maple	$144	$251	$359	23
Yellow-Poplar	$142	$267	$393	5
Misc. Hardwoods	$44	$135	$225	15
White Pine	$0	$32	$0	1
Hemlock	$6	$78	$150	3

Southeast

Prices are $ per MBF International 1/4

Species by Region	Minus 1 Std Dev	Average	Plus 1 Std Dev	N#
Northern Red Oak	$454	$543	$633	24
White Oak	$369	$470	$570	23
Mixed Oak	$327	$396	$465	23
Black Cherry	$287	$506	$726	6
White Ash	$186	$264	$343	7
Hard Maple	$0	$275	$0	1
Soft Maple	$167	$207	$247	17
Yellow-poplar	$288	$332	$376	19
Misc. Hardwoods	$150	$179	$208	23
White Pine	$76	$114	$151	10
Hemlock	$66	$78	$90	7

Northwest

Prices are $ per MBF International 1/4

Species by Region	Minus 1 Std Dev	Average	Plus 1 Std Dev	N#
Northern Red Oak	$342	$483	$624	20
White Oak	$264	$381	$498	16
Mixed Oak	$148	$275	$403	14
Black Cherry	$364	$685	$1,006	33
White Ash	$136	$252	$368	29
Hard Maple	$220	$352	$484	26
Soft Maple	$194	$290	$385	36
Yellow-poplar	$86	$133	$179	15
Misc. Hardwoods	$30	$88	$147	33
White Pine	$40	$45	$51	2
Hemlock	$12	$40	$68	10

Southwest

Prices are $ per MBF International 1/4

Species by Region	Minus 1 Std Dev	Average	Plus 1 Std Dev	N#
Northern Red Oak	$142	$309	$476	9
White Oak	$132	$248	$364	7
Mixed Oak	$104	$231	$359	9
Black Cherry	$108	$269	$429	6
White Ash	$92	$156	$220	6
Hard Maple	$72	$212	$351	8
Soft Maple	$100	$190	$280	9
Yellow-poplar	$84	$133	$182	6
Misc. Hardwoods	$54	$106	$158	9
White Pine	$53	$94	$134	4
Hemlock	$17	$50	$83	3

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	$0.87	$1.00	6
Southeast	N/A	$2.18	N/A	2
Northwest	$0.83	$0.88	$1.00	15
Southwest	$1.00	$1.75	$4.00	4

Softwood Pulp ($/ton)
Region	Low	Avg	High	N#
Northeast				0
Southeast				0
Northwest	$0.83	$0.83	$0.83	4
Southwest	N/A	N/A	N/A	1

Bureau of Forestry Pulpwood Stumpage

Hardwood Pulp ($/ton)
Region	Low	Avg	High	N#
Northeast	$2.26	$8.92	$25.69	15
Southeast	$3.31	$4.98	$7.09	4
Northwest	$3.14	$6.64	$13.67	15
Southwest	$2.53	$3.27	$3.79	3

Softwood Pulp ($/ton)
Region	Low	Avg	High	N#
Northeast				0
Southeast	N/A	N/A	N/A	1
Northwest	N/A	N/A	N/A	1
Southwest				0