Timber Blog

January 28, 2010

Consulting Forester Update (January 27, 2010)

Eleven different timber buyers attended sealed-bid openings for three separate timber sales in eastern Iowa.

Sale 1: 127 black walnut, 26 walnut trees field-graded as veneer; averaged $2.10/bd ft throughout for the walnut. Nice sale, but nothing exceptional.

Sale 2: Small black walnut sale; multiple 3SC veneer trees. Walnut, throughout, averaged $2.80/bd ft

Sale 3: 22 black walnut trees; three 4SC veneer trees. Walnut, throughout, averaged $2.22/bd ft

Consulting forester commented that black walnut and white oak prices have peaked the attention of the timber buyers and mills. Starting to see some movement in the red oak market, though red oak stumpage & mill prices have yet to rebound to the levels of years past. The consultant also mentioned that several mills are showing an in interest in hickory.

Comments:

$/bd ft: Stumpage value

4SC: four sides clear (i.e., butt log contains four, defect-free tree faces)

3SC: three sides clear (i.e., butt log contains three, defect-free tree faces)

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Posted by Jay Hayek at 2:38 PM

November 18, 2009

Illinois Hardwood Timber Market Report: November 7, 2009

General Procurement Area: Clark, Coles, Crawford, Cumberland, and Edgar Counties, IL.

Report Date: 11/07/2009 [Prices reported as Stumpage, Doyle Scale]

Black Walnut [Demand: Good|Steady]

• Veneer Logs: $2.00-5.00 bf
• Grade Logs: $0.80-1.30 bf

Black Cherry [Demand: Weak|Flat]

• Grade Logs: $0.50-0.70 bf

White Oak [Demand: Good|Steady]

• Veneer Logs: $1.50-4.00 bf
• Grade Logs: $0.40-1.00 bf

Red Oak [Demand: Weak|Flat]

• Grade Logs: $0.40-0.50 bf

Black Oak [Demand: Weak|Flat]

• Sawlogs: $0.40-0.50 bf

Pin Oak [Demand: Good|Steady]

• Sawlogs: $0.22 bf

Hard Maple [Demand: Good|Steady]

• Grade Logs: $0.30-0.50 bf

Soft Maple [Demand: Good|Steady]

• Sawlogs: $0.22 bf

Hickory spp. [Demand: Good|Steady]

• Veneer Logs: $0.50-0.60 bf
• Sawlogs: $0.22-0.50 bf

Ash [Demand: Good|Steady]

• Sawlogs: $0.22-0.35 bf

Basswood [Demand: Weak|Flat]

• Sawlogs: $0.22-0.35 bf

Yellow-Poplar [Demand: Good|Steady]

• Sawlogs: $0.22-0.40 bf

Elm/Hackberry [Demand: Good|Steady]

• Sawlogs: $0.22 bf

Sycamore/Sweetgum [Demand: Good|Steady]

• Sawlogs: $0.22 bf

Cottonwood [Demand: Weak|Flat]

• Sawlogs: $0.20 bf

Honeylocust [Demand: Weak|Flat]

• Sawlogs: $0.22 bf

Pulpwood (Softwood) [Demand: Weak|Flat]

• Pulpwood: $0.00/ton

Pulpwood (Hardwood) [Demand: Good|Steady]

• Pulpwood: $34.00/ton

Posted by Jay Hayek at 2:45 PM

April 6, 2009

Illinois Hardwood Timber Market Report: April 6, 2009

General Procurement Area: South of I-64 in Illinois

Report Date: 3/30/2009 [Prices reported as Stumpage, Doyle Scale]

Black Walnut [Demand Weak|Flat]

• Veneer Logs: $1.50-3.00 bf
• Grade Logs: $0.50 bf

Black Cherry [Demand Weak|Flat]

• Grade Logs: $0.20 bf

White Oak [Demand Weak|Flat]

• Veneer Logs: $1.00-2.20 bf
• Grade Logs: $0.25 bf

Red Oak [Demand Weak|Flat]

• Grade Logs: $0.15 bf

Black Oak [Demand Weak|Flat]

• Sawlogs: $0.10 bf

Pin Oak [Demand Weak|Flat]

• Sawlogs: $0.08 bf

Hard Maple [Demand Weak|Flat]

• Grade Logs: $0.15 bf

Soft Maple [Demand Weak|Flat]

• Sawlogs: $0.08 bf

Hickory spp. [Demand Weak|Flat]

• Sawlogs: $0.15 bf

Ash [Demand Weak|Flat]

• Sawlogs: $0.08 bf

Yellow-Poplar [Demand Weak|Flat]

• Sawlogs: $0.10 bf

Elm/Hackberry [Demand Weak|Flat]

• Sawlogs: $0.05 bf

Sycamore/Sweetgum/Cottonwood [Demand Weak|Flat]

• Sawlogs: $0.05 bf

Additional Comments: Overall, this one of the worst hardwood markets I've seen in 29 years. Some mills are still buying crosstie logs, but many grade/veneer mills have dropped prices so low that selling high-quality timber might not be a good idea this year. We will try to stay in the the low-grade timber at least during the first part of the year. Even the timber mat market for 18-24' rough logs has severely eroded. As related to stumpage and mill-delivered log values, housing starts and new construction will have to rebound in order for the hardwood market to pull itself out of this downward trend.

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Posted by Jay Hayek at 10:26 AM

April 2, 2009

Illinois Hardwood Timber Market Report: April 2, 2009

General Procurement Area: East-central Illinois

Prices: Stumpage (Doyle Scale)

Black Walnut [Weak / Flat Demand]

• Veneer Logs: $2.00/bf
• Grade Logs: $0.60/bf

Black Cherry [Weak / Flat Demand]

• Veneer Logs: n/a
• Grade Logs: $0.50

White Oak [Weak / Flat Demand]

• Veneer Logs: $1.50
• Grade Logs: $0.30

Red Oak [Weak / Flat Demand]

• Veneer Logs: n/a
• Grade Logs: $0.20

Black Oak [Weak / Flat Demand]

• Sawlogs: $0.20

Pin Oak [Good / Steady Demand]

• Sawlogs: $0.08

Hard Maple [Weak / Flat Demand]

• Sawlogs: $0.25

Soft Maple [Weak / Flat Demand]

• Sawlogs: $0.15

Hickory [Weak / Flat Demand]

• Sawlogs: $0.13

Ash [Weak / Flat Demand]

• Sawlogs: $0.13

Basswood [Weak / Flat Demand]

• Sawlogs: $0.08

Yellow-Poplar [Weak / Flat Demand]

• Sawlogs: $0.15

Elm/Hackberry [Good / Steady Demand]

• Sawlogs: $0.08

Sycamore/Sweetgum [Good / Steady Demand]

• Sawlogs: $0.08

Cottonwood [Good / Steady Demand]

• Sawlogs: $0.08

Honeylocust [Good / Steady Demand]

• Sawlogs: $0.08

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Posted by Jay Hayek at 11:12 AM

October 20, 2008

Illinois Hardwood Timber Report: October 20, 2008

Procurement Area: Coles, Cumberland, Clark, Douglas, and Edgar Counties

Report Date: 9-26-2008 [prices listed as Stumpage; Doyle]

Black Walnut [Good/Steady Demand]

• Veneer Logs: $2.75/bd ft
• Grade Logs: $0.80/bd ft

Black Cherry [Weak/Flat Demand]

• Veneer Logs: $2.00
• Grade Logs: $0.80

White Oak [Strong Demand]

• Veneer Logs: $1.65
• Grade Logs: $0.48

Red Oak [Weak/Flat Demand]

• Grade Logs: $0.38

Black Oak [Weak/Flat Demand]

• Grade Logs: $0.27

Pin Oak [Good/Steady Demand]

• Sawlogs: $0.08

Hard Maple [Good/Steady Demand]

• Grade Logs: $0.38

Soft Maple [Weak/Flat Demand]

• Sawlogs: $0.14

Hickory [Weak/Flat Demand]

• Veneer Logs: $0.40
• Grade Logs: $0.12

Ash [Strong Demand]

• Sawlogs: $0.18

Basswood [Good/Steady Demand]

• Sawlogs: $0.08

Yellow-Poplar [Good/Steady Demand]

• Sawlogs: $0.25

Elm/Hackberry [Good/Steady Demand]

• Sawlogs: $0.08

Sycamore/Sweetgum [Good/Steady Demand]

• Sawlogs: $0.08

Cottonwood [Good/Steady Demand]

• Sawlogs: $0.08

Honeylocust [Good/Steady Demand]

• Sawlogs: $0.08

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Posted by Jay Hayek at 5:34 PM

September 23, 2008

Illinois Hardwood Timber Market Report (Sept. 23, 2008)

Tracy Export Inc. (East Dubuque, IL)

Procurement Area: Northern 2/3 of the Illinois

Report Date: 09/12/2008 [Prices Reported as FOB; Doyle]

Black Walnut [Good/Steady Demand]

• Veneer Logs: $2.50/bd ft
• Grade Logs: $0.60/bd ft

Black Cherry [Weak/Flat Demand]

• Veneer Logs: $0.80
• Grade Logs: $0.25

White Oak [Strong Demand]

• Veneer Logs: $1.80
• Grade Logs: $0.40

Red Oak & Black Oak [Weak/Flat Demand]

• Grade Logs: $0.25

Pin Oak [Good/Steady Demand]

• Sawlogs: $0.15

Hard Maple [Good/Steady Demand]

• Veneer Logs: $1.50
• Grade Logs: $0.40

Soft Maple [Good/Steady Demand]

• Sawlogs: $0.25

Hickory [Good/Steady Demand]

• Sawlogs: $0.25

Ash [Good/Steady Demand]

• Sawlogs: $0.25

Basswood [Weak/Flat Demand]

• Sawlogs: $0.15

Yellow-Poplar [Good/Steady Demand]

• Sawlogs: $0.15

Elm/Hackberry [Good/Steady Demand]

• Sawlogs: $0.15

Sycamore/Sweetgum [Good/Steady Demand]

• Sawlogs: $0.15

Cottonwood [Good/Steady Demand]

• Sawlogs: $0.15

Honeylocust [Good/Steady Demand]

• Sawlogs: $0.15

Thanks for the Hardwood Report Tracy Export Inc.!

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Posted by Jay Hayek at 11:49 AM

September 19, 2008

Illinois Hardwood Timber Market Report (Sept. 19, 2008)

Procurement Area: Southern Illinois, south of I-64

Date of Report: 09/10/2008 [Prices are Stumpage; Doyle]

Black Walnut

• Veneer Logs: $2.00/bd ft
• Grade Logs: $0.50/bd ft

Black Cherry

• Grade Logs: $0.40

White Oak

• Veneer Logs: $1.50
• Grade Logs: $0.40

Red Oak

• Grade Logs: $0.20

Black Oak

• Grade Logs: $0.15

Pin Oak

• Sawlogs: $0.10

Hard Maple

• Grade Logs: $0.30

Soft Maple

• Sawlogs: $0.10

Hickory

• Grade Logs: $0.15

Ash

• Sawlogs: $0.10

Elm/Hackberry

• Sawlogs: $0.05

Sycamore/Sweetgum

• Sawlogs: $0.08

Cottonwood

• Sawlogs: $0.05

Honeylocust

• Sawlogs: $0.05

Strong Demand Species: Black Walnut & White Oak

Good/Steady Demand Species: Black Cherry, Pin Oak, Hard Maple, Soft Maple, Hickory, and Sycamore/Sweetgum

Weak/Flat Demand Species: Red Oak, Black Oak, Ash, Yellow-Poplar, Elm/Hackberry, Cottonwood, and Honeylocust

Additional Comments: Stan echos the sentiments around the Midwest regarding hardwood stumpage trends, "Black walnut and white oak are in high demand."

Thanks for another great timber report Stan!

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Posted by Jay Hayek at 3:31 PM

September 17, 2008

Illinois Hardwood Timber Report (Sept. 17, 2008)

Mark Strait (Big Creek Forestry & Logging)

General Procurement Area: East-Central IL

Date of Report: 9-14-2008 [Prices reported as FOB; Doyle]

Black Walnut

• Grade Logs: $1.10/bd ft
• Veneer Logs: $4.00/bd ft

Black Cherry

• Grade Logs: $0.60

White Oak

• Grade Logs: $0.90
• Veneer Logs: $2.25

Red Oak

• Grade Logs: $0.40

Black Oak

• Grade Logs: $0.35

Pin Oak

• Sawlogs: $0.22

Hard Maple

• Grade Logs: $0.40
• Veneer Logs: $2.00

Soft Maple

• Grade Logs: $0.22

Hickory

• Grade Logs: $0.28

Ash

• Grade Logs: $0.22

Basswwod

• Grade Logs: $0.22

Yellow-Poplar

• Grade Logs: $0.30

Elm/Hackberry

• Sawlogs: $0.22

Sycamore

• Sawlogs: $0.22

Cottonwood

• Sawlogs: $0.20

Honeylocust

• Sawlogs: $0.22

Pallet/Blocking Material

• Sawlogs: $0.22

Additional Comments: Mark reports that the general hardwood market is "poor"; although Mark states that he can still move and sell all species and grades of logs. As most everyone knows, the high fuel costs has made it real tough.

Thanks for the timber report Mark!

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Posted by Jay Hayek at 2:06 PM

September 12, 2008

Illinois Hardwood Market Report (Sept. 2008)

Critchelow Logging Co.

General Procurement Area: Central & East-Central Illinois

Date of Report: 9-11-2008 [Prices Reported as FOB; Doyle]

Black Walnut

• Grade Logs: $1.25/bd ft
• Veneer Logs: $5.00/bd ft

Black Cherry

• Grade Logs: $0.50
• Veneer Logs: $1.25

White Oak

• Grade Logs: $0.60
• Veneer Logs: $2.50

Red Oak

• Grade Logs: $0.40
• Veneer Logs: $1.25

Black Oak

• Grade Logs: $0.40

Pin Oak

• Grade Logs: $0.25

Hard Maple

• Grade Logs: $0.45

Soft Maple

• Grade Logs: $0.35

Hickory

• Grade Logs: $0.32

Ash

• Grade Logs: $0.35

Basswood

• Grade Logs: $0.40

Yellow-Poplar

• Grade Logs: $0.40

Elm/Hackberry

• Grade Logs: $0.25

Sycamore/Sweetgum

• Grade Logs: $0.25

Cottonwood

• Grade Logs: $0.20

Honeylocust

• Grade Logs: $0.25

As always, thanks for the great report Brian!

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Posted by Jay Hayek at 4:32 PM

January 5, 2008

Illinois Hardwood Timber Market Report (Dec 2007 /Jan 2008)

Craig Tracy, Tracy Export Inc., East Dubuque, IL

Date of Report: 12/27/2007 (Sawlog Prices FOB – Veneer Prices FOB; Doyle)

Black Walnut

• Sawlogs ($1.00/bd. ft.)
• Veneer ($2.00+/bd. ft.)

Black Cherry

• Sawlogs ($0.50/bd. ft.)
• Veneer ($1.00/bd. ft.)

White Oak

• Sawlogs ($0.80/bd. ft.)
• Veneer ($1.50+/bd. ft.)

Red Oak

• Sawlogs ($0.50/bd. ft.)
• Veneer ($1.00+/bd. ft.)

Hard Maple

• Sawlogs ($0.50/bd. ft.)
• Veneer ($1.50+/bd. ft.)

Thanks for the Hardwood Market Report Craig!

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Posted by Jay Hayek at 4:27 PM