Timber Blog

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]

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)

Stan Curtis of Carbondale Veneer Company, Inc. (IL)

Procurement Area: Southern Illinois, south of I-64

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

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]

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]

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)

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

January 5, 2008

Illinois Hardwood Timber Market Report (Jan. 2008)

Brian Critchelow, Critchelow Logging, Sullivan, IL

Procurement Area: East-Central Illinois and Western Indiana

Date of Report: 12/21/2007 (Sawlog Prices FOB – Veneer Prices Stumpage)

Black Walnut

• Sawlogs ($1.55/bd. ft.)
• Veneer ($4.80/bd. ft.)

Black Cherry

• Sawlogs ($0.75/bd. ft.)
• Veneer ($3.00/bd. ft.)

White Oak

• Sawlogs ($0.77/bd. ft.)
• Veneer ($2.50/bd. ft.)

Red Oak

• Sawlogs ($0.40/bd. ft.)

Black Oak

• Sawlogs ($0.40/bd. ft.)

Pin Oak

• Sawlogs ($0.25/bd. ft.)

Hard Maple

• Sawlogs ($0.55/bd. ft.)
• Veneer ($2.50/bd. ft.)

Soft Maple

• Sawlogs ($0.40/bd. ft.)

Hickory

• Sawlogs ($0.40/bd. ft.)

Ash

• Sawlogs ($0.30/bd. ft.)

Basswood

• Sawlogs ($0.30/bd. ft.)

Yellow-Poplar

• Sawlogs ($0.50/bd. ft.)

Elm/Hackberry

• Sawlogs ($0.25/bd. ft.)

Sycamore/Sweetgum

• Sawlogs ($0.25/bd. ft.)

Cottonwood

• Sawlogs ($0.20/bd. ft.)

Honeylocust

• Sawlogs ($0.25/bd. ft.)

Thanks for the Hardwood Market Report Brian!

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Posted by Jay Hayek at 3:54 PM

January 5, 2008

Illinois Hardwood Timber Market Report (Dec./Jan - 2008)

Ben Bruggeman, Bruggeman Lumber LLC, Dubuque, IA

Procurement Area: Northwest and Central Illinois

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

Black Walnut

• Sawlogs ($0.60-1.20/bd. ft.)
• Veneer ($3.50-7.00/bd. ft.)

Black Cherry

• Sawlogs ($0.60-0.90/bd. ft.)
• Veneer ($2.00-3.50/bd. ft.)

White Oak

• Sawlogs ($0.30-0.40/bd. ft.)
• Veneer ($2.00-4.00/bd. ft.)

Red Oak

• Sawlogs ($0.40/bd. ft.)

Black Oak

• Sawlogs ($0.15-0.20/bd. ft.)

Pin Oak

• Sawlogs ($0.15-0.20/bd. ft.)

Hard Maple

• Sawlogs ($0.70/bd. ft.)
• Veneer ($2.00-3.00/bd. ft.)

Soft Maple

• Sawlogs ($0.25-0.30/bd. ft.)

Hickory

• Sawlogs ($0.25/bd. ft.)

Ash

• Sawlogs ($0.15/bd. ft.)

Basswood

• Sawlogs ($0.15/bd. ft.)

Elm/Hackberry

• Sawlogs ($0.15/bd. ft.)

Cottonwood

• Sawlogs ($0.07/bd. ft.)

Thanks for the Hardwood Market Report Ben!

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Posted by Jay Hayek at 3:37 PM

January 5, 2008

Illinois Hardwood Timber Market Report (Jan. 2008)

Stan Curtis, Carbondale Veneer Company, Inc.

(Carbondale, IL)

Procurement Area: Southern Illinois (south of I-64)

Date of Report: 01/05/2008 (Prices Reported as Stumpage)

Strong Market Demand:

Market demand for quality black walnut and white oak logs remains strong. Sawlog stumpage prices for black walnut and white oak range from $0.50-1.50/bd. ft. and $0.40-0.80/bd. ft., respectively. Veneer stumpage prices for black walnut and white oak range from $2.00-4.00/bd. ft. and $1.00-4.00/bd. ft., respectively. Black cherry sawlog and veneer stumpage prices, although down a bit from 2005-2006, range from $0.50-1.00/bd. ft. and $1.00-2.00/bd. ft., respectively.

Market Demand Good or Increasing:

According to Stan, demand for yellow-poplar sawlogs has increased, although mill prices have not quite caught up to demand although we will see this change in the very near future. Yellow-poplar stumpage prices are fetching $0.10-0.20/bd. ft. Demand for pin oak, especially for the construction mat market, continues to provide a viable outlet for this species ~ $0.10-0.15/bd. ft. Sycamore stumpage prices range from $0.05-0.08/bd. ft. Sweetgum logs, especially for the desirable construction mat market, range around $0.10/bd. ft. Moreover, demand for hickory and hard maple is still good with stumpage prices averaging $0.20-0.30/bd. ft. and $0.30-0.50/bd. ft., respectively. Hard maple veneer markets are still encouraging with stumpage prices hovering around $0.80-1.00/bd. ft.

Weak Market Demand:

As has been the case for several years now, demand for red oak and black oak has been suppressed. Stumpage prices for red oak and black oak sawlogs range from $0.30-0.50/bd. ft. and $0.25-0.40/bd. ft., respectively. Veneer prices for red oak range around $0.90/bd. ft. Wormy soft maple is mostly going to low-grade markets ~ $0.10/bd. ft. According to Stan, ash sawlog prices have been setback significantly due to Emerald Ash Borer quarantine regulations ~ $0.10-0.20/bd. ft.

Thanks for the Hardwood Market Report Stan!

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Posted by Jay Hayek at 3:03 PM

March 28, 2007

Illinois Hardwood Market Report - April 2007

Stan Curtis, Carbondale Veneer Company, Inc. (Carbondale, IL)

Report Given March 28, 2007

Prices Reported as "Stumpage"

What's Hot:

Black walnut and white oak continue to demand top dollar across the state and throughout the Midwest. Prices paid for black walnut stumpage range from $0.50-1.00/bd ft for sawlogs and $2.00-6.00/bd ft for veneer logs. The heavy demand for walnut stems in part from international markets for high-end architectural products, molding, and trim. Prices paid for white oak stumpage range from $0.40-0.80/bd ft for quality sawlogs and stave logs - generally, all grades of white oak are up. Prices paid for smaller diameter white oak veneer logs are bringing upwards of $1.50/bd ft; and prices paid for premium, 4-side clear veneer logs bringing upwards of $5.00/bd ft. The rotary veneer market is strong for smaller diameter, but clear, white oak logs. Interestingly, the construction mat market (canted, rough oak logs) for 18', 20', and 24'+ oak logs is bringing $0.30-0.35/bd ft for delivered logs - minimum diameter inside bark (DIB) is ~ 12-14".

Black cherry is also staying very competive in the regional marketplace. According to Stan, quality cherry sawlogs are bringing $0.30-0.80/bd ft, with quality veneer logs fetching upwards of $1.00-3.00/bd ft.

What's Good?

The hickory market is still good, with sawlogs fetching $0.20-0.40/bd ft. Veneer hickory markets are bringing upwards of $0.50-0.60/bd ft. Furthermore, sugar maple sawlogs are bringing $0.30-0.60/bd ft, and $1.00-2.00/bd ft for veneer logs (<1/4 hearts).

What's Steady?

The general pallet/blocking market is staying steady. Cottonwood, sycamore, elm, hackberry, soft maple, and sweetgum are bringing $0.05-0.10/bd ft. Some of the aforementioned species, but only a small percentage, are also being utilized in the growing construction mat market.

What's Slow?

The general red oak lumber sawlog market is still lagging behind. Red oak sawlogs are bringing $0.30-0.60/bd ft, and $0.70-0.80 for veneer butt logs > 16" DIB.

Summary

Overall, black walnut, white oak, and cherry logs are still commanding top dollar across the midwest. Furthermore, the construction mat market is producing a viable, steady demand for rough oak logs (i.e., low quality, tie or pallet logs). The general red oak species sawlog market (black oak, pin oak, etc.) is still in a slump.

Thanks Stan for your hardwood report!

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Posted by Jay Hayek at 5:41 PM

January 12, 2007

Hardwood Market Report (January 2007)

Brian Critchelow Logging Co. (Sullivan, IL, Moultrie County)

Report Given 01/12/2007

Prices are for Mill-Delivered Logs

Strong: Black walnut and white oak continue their strong showing. Delivered black walnut grade logs are bringing $1.45/bd ft, and $3.00-8.00/bd ft for veneer logs. White oak is in the neighborhood of $0.80-1.20/bd ft for grade logs and $1.50-3.50/bd ft for veneer logs. Big, clear logs are receiving the premium prices.

Steady: Black cherry market is steady to above average, mostly because good Illinois black cherry logs are rare. Black cherry is fetching around $1.00/bd ft for grade logs and up to $3.00/bd ft for veneer logs. Soft maple market is still pretty good, with wormy logs bringing $.30/bd ft, with clear or no-worm logs fetching $0.45/bd ft. Hickory is also holding its own, bringing upwards of $0.45/bd ft for saw logs. Ash is pretty much the same, bringing $0.30-.40/bd ft. Blocking market is steady - basswood, elm, hackberry, sycamore, honeylocust, and cottonwood logs bringing $0.20-.22/bd ft.

Weak: Red oak prices, including black oak, pin oak, and shingle oak, are still in decline. Delivered red oak species are only bringing $0.30-.50/bd ft.

Comments: Since Thanksgiving, the excessive wet weather has kept Brian and his crew out of the woods for the most part. This seems to be the general trend across much of Illinois. Log inventories are running low at some sawmills as a direct result of the wet weather. Brian did not have any price figures on hard maple. However, he did hear that hard maple prices have been on the decline.

Thanks for the Report Brian!

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Posted by Jay Hayek at 4:34 PM