Timber Blog

August 15, 2006

Hardwood Market Report

Mark R. Strait (Marshall, IL, Clark County)

Report Given 8/15/06:

Strong: white oak and black walnut markets are strong; especially the veneer markets. Mill-delivered quality white oak sawlogs and veneer logs are fetching $1.20-1.40/bd.ft. and $2.00-3.00/bd.ft., respectively. Hard maple veneer quality logs and Hickory lumber and rotary markets are also strong.

Steady: blocking market is good to strong with delivered logs fetching $0.20-0.23/bd.ft. Hickory sawlog market has been fairly descent with some delivered logs fetching $0.45-0.50/bd.ft. Clean, non-wormy soft maple markets are steady, with clean delivered logs fetching $0.30-0.50/bd.ft.

Weak: red oak species have seen a severe decline in stumpage and FOB (mill-delivered) prices. Ash market is not very good.

Follow-up Comments: Hold off on timber sales heavy to red oak species and ash - markets are some of the lowest observed in the last 15 years for these species according to Mark. Mark encourages forest landowners to seek government conservation programs to address landowner and resource needs in the future, especially concerning the potential impact of Woodland Tax Assessment issues. Mark further wishes to remind forest landowners to start early in the process of seeking forest management advice due to the increasing demand of professional forestry assistance.

--------------------------------------------------------------------------------------------------------

Posted by Jay Hayek at 3:43 PM