Timber Blog

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