Market Report 2nd Quarter 2019

Overview

Our assessment of market conditions is derived from published market reports, as well as sales conducted by Tennessee Timber Consultants.

Hardwood Export Timber

Hardwood exports have slowed considerably from increased trade tensions and uncertainty in Chinese markets.  White oak exports are still bringing favorable prices, while walnut and red oak exports are struggling.

Domestic Hardwood Sawtimber

Domestic hardwood markets have remained favorable, but uncertainty in international markets continue to overshadow it. White oak is still in high demand, as is yellow-poplar. Grade red oak is currently in low demand.

Soft hardwoods and tie quality sawtimber, including gum and maple, has remained strong.

Pine Sawtimber

The southern yellow pine sawlog market has been struggling for more than a decade; however, prices and demand for pine sawtimber appears to have slightly strengthened over the last several months.

Hardwood and Pine Pulpwood

With the reopening of the Phoenix Paper mill, hardwood pulpwood should become easier to move over the coming months. Pine Pulpwood is currently in low demand and virtually all producers are on limited delivery quotas. Typically, these prices fluctuate on a month-to-month basis depending on weather and availability, but will likely remain low for the foreseeable future.