A Bimonthly Market Report
Vol. 33 No.1
J a n u a ry /F e b ru a ry 2 0 1 5
Texas Timber Price Trends
Market Overview *
U.S. housing starts were sluggish due to adverse winter weather conditions. Single-family
home construction declined 14.9% between
January and February. However, an increase
in building permits suggests stronger future
demand for housing in the U.S. Lower oil and
energy prices are still a concern for the Texas
economy in 2015. A reporter noted that mill
inventories remained full despite the wet
ground conditions in East Texas.
Statewide pine sawlog prices averaged
$29.72 per ton, up 5% from last period and up
24% from the price a year ago. Average pine
sawlog price was $27.10 per ton in Northeast
Texas and $30.06 per ton in Southeast Texas.
The statewide average pine pulpwood price
was $9.21 per ton. This was down 5% from
last period and up 4% from the price a year
ago. In Northeast Texas, the average pine
pulpwood price was $9.16 per ton. It was
$9.23 per ton in Southeast Texas.
Small diameter pine sawlogs (CNS) averaged
$16.71 per ton statewide, up 12% from last
period. It was up 44% from the price a year
ago.
The statewide average mixed hardwood sawlog price was $38.24 per ton, 1% higher than
last period and 30% higher than the price a
year ago.
The average hardwood pulpwood price was
$15.74 per ton, 47% higher than last period.
In Northeast Texas, the average price was
$17.43 per ton. It was $12.44 per ton in
Southeast Texas.
*The average prices reported here represent
statewide volumes of 157,883 tons of pine sawlogs,
489,017 tons of pine pulpwood, 99,792 tons of pine
CNS, 3,376 tons of mixed hardwood sawlogs, and
16,328 tons of hardwood pulpwood during January/
February 2015.
Texas Timber Price Trends
Page 2
January/February 2015
S t u m p a g e P r i c e s i n Te x a s
Product /Region
Average Price
Last Period
Year Ago
Report
PINE
Sawlogs
$/Ton
$/MBF
$/Ton
$/MBF
Chg
$/Ton
$/MBF
Chg
Number
Northeast TX
$27.10
$227.31
$27.21
$225.73
0%
↓
$28.52
$233.35
-5%
↓
19
Southeast TX
$30.06
$229.92
$28.79
$230.28
4%
↑
$20.94
$167.17
44%
↑
28
Statewide
$29.72
$229.64
$28.17
$228.53
5%
↑
$23.91
$192.67
24%
↑
47
**
**
**
**
**
**
**
**
$/Ton
$/Cord
$/Ton
$/Cord
Chg
$/Cord
Chg
USFS
Pulpwood
$/Ton
**
Number
Northeast TX
$9.16
$24.58
$8.58
$23.05
7%
↑
$7.49
$20.22
22%
↑
35
Southeast TX
$9.23
$24.91
$10.17
$27.47
-9%
↓
$9.46
$25.54
-2%
↓
44
Statewide
$9.21
$24.82
$9.73
$26.24
-5%
↓
$8.84
$23.85
4%
↑
79
**
**
**
**
**
**
**
**
USFS
Chip-N-Saw
$/Ton
$/Cord
$/Ton
$/Cord
Chg
$/Ton
Northeast TX
$14.79
$39.94
**
**
**
Southeast TX
$16.72
$45.14
$14.90
$40.23
12%
↑
$11.61
Statewide
$16.71
$45.11
$14.90
$40.23
12%
↑
$11.63
$12.99
$/Cord
**
Number
Chg
14%
↑
6
$31.35
44%
↑
20
$31.39
44%
↑
26
$35.07
HARDWOOD
Mixed Sawlogs
$/MBF
$/Ton
$/MBF
Northeast TX
$37.12
$358.09
$36.02
$343.78
3%
↑
$27.80
$250.19
34%
↑
6
Southeast TX
$43.29
$389.59
$42.73
$384.54
1%
↑
$37.96
$341.67
14%
↑
11
Statewide
$38.24
$364.15
$38.00
$356.31
1%
↑
$29.45
$265.04
30%
↑
17
**
**
**
**
**
**
**
**
$/Cord
$/Ton
$/Cord
Chg
USFS
Pulpwood
$/Ton
$/Cord
Chg
$/Ton
Chg
$/Ton
$/MBF
Number
$/Ton
Chg
**
Number
Northeast TX
$17.43
$48.79
$14.05
$39.33
24%
↑
$9.90
$27.73
76%
↑
12
Southeast TX
$12.44
$34.84
$8.90
$24.92
40%
↑
$6.93
$19.42
80%
↑
12
Statewide
$15.74
$44.08
$10.68
$29.90
47%
↑
$7.84
$21.95
101%
↑
24
**
**
**
**
**
**
**
**
USFS
**
1. Stumpage price statistics include gatewood sales. Stumpage prices for gatewood sales are estimated by subtracting cut-and-haul costs, other expenses, and profits provided by reporter.
2. Price is calculated from a specific conversion factor reported for each sale if available; otherwise, the average conversion factors listed on page 4 are
used. MBF = Thousand Board Feet. The DOYLE LOG SCALE is used for board foot measurements.
3. Statewide data excludes U.S. Forest Service sales.
4. ** indicates insufficient sales to report price statistics (less than three sales).
5. Prices listed for previous periods may differ from previously published values because additional data have been received.
6. Price change in percentage is calculated based on price in ton.
7. Extreme outliers from reported data are detected and filtered out based on statistical methods.
Texas Timber Price Trends
January/February 2015
Sawlogs
Page 3
Pulpwood
$/Ton
$/Ton
20
55
50
P ine
45
H a rdwo o d
40
18
P ine
16
H a rdwo o d
14
35
12
30
10
25
20
8
15
6
10
4
5
2
0
J/ F
'13
M /A M /J
'13
'13
J/ A
'13
S/ O
'13
N/ D
'13
J/ F
'14
M /A M /J
'14
'14
J/ A
'14
S/ O
'14
N/ D
'14
0
J/ F
'15
J/F
'13
M /A
'13
M /J
'13
J/A
'13
S/O
'13
N/D
'13
J/F
'14
M /A
'14
M /J
'14
J/A
'14
S/O
'14
Historical Statewide Sawlog Prices
$/MBF-Doyle
600
Pi ne
Hardwood
500
400
300
200
100
0
J/A '85
J/A '87
J/A '89
J/A '91
J/A '93
J/A '95
J/A '97
J/A '99
J/A '01
J/A '03
J/A '05
J/A '07
J/A '09
J/A '11
J/A '13
Historical Statewide Pulpwood Prices
$/cord
50
45
Pi ne
Hardwood
40
35
30
25
20
15
10
5
0
J/A '85
J/A '87
J/A '89
J/A '91
J/A '93
J/A '95
J/A '97
J/A '99
J/A '01
J/A '03
J/A '05
Note: A gap in the chart means less than 3 sales were reported and no price statistics were compiled.
For chart data, please go to http://tfsweb.tamu.edu/main/article.aspx?id=145
J/A '07
J/A '09
J/A '11
J/A '13
N/D
'14
J/F
'15
January/February 2015
Texas Timber Price Trends
Texas Timber Price Trends is a bimonthly publication reporting average
prices paid for standing timber in Texas.
This report is intended only as a guide
to general price levels. Individuals interested in buying and selling timber can use this report to monitor
market trends and get a general idea of what timber is worth.
However, it should not be used to judge the fair market value of a
specific timber sale, which may vary considerably due to many
factors.
HOW ARE AVERAGE PRICES CALCULATED?
Data published in this report are from actual timber sales as
reported by as many as 60 cooperators active in the East Texas
timber market. Reporters include forest product companies,
logging contractors, consulting foresters, family forest landowners,
financial institutions, and federal agencies.
The prices are volume weighted average prices. The price
per ton for each product category is as reported or using a specific
conversion factor provided by the reporters. When a specific
conversion factor for each sale is not available, an average
conversion factor listed here is used instead.
Page 4
VOLUME CONVERSION FACTORS
Sawlogs & Chip-N-Saw
Pine— 8 tons=1 MBF-Doyle
Pine CNS— 2.7 tons= 1 Cord
Hardwood— 9 tons= 1 MBF-Doyle
Pulpwood
Pine— 2.7 tons=1 Cord
Hardwood— 2.8 tons= 1 Cord
This publication is also available on the Texas A&M Forest
Service website at:
http://tfsweb.tamu.edu/main/article.aspx?id=145
WANT TO BE A REPORTER?
If you are active in the East Texas timber market, please
consider becoming a cooperating price reporter. You will receive
report forms bi-monthly with a self-return envelope. In addition, you
will receive a hard copy of the report in exchange for your price
information.