Lumber Prices Firm While Timber Markets Stay Uneven

Stronger finished-lumber prices have yet to translate into broad gains for timber owners.

NASHVILLE, Tenn. (RFD News) — Finished lumber prices remain firmer than many regional timber markets, creating a mixed picture for landowners and smaller forestry operators. The Madison’s Lumber Price Index reached $524.55 per thousand board feet September 11, up 1.2% for the week and 8.8% from a year earlier.

Lumber futures were trading near $565 per thousand board feet September 15, pressured by weaker housing demand and ongoing U.S.-Canada trade tensions. Higher mortgage rates are also limiting construction demand.

Southern timber remains softer. TimberMart-South says second-quarter pine sawtimber averaged $23.34 per ton, down $2.78 from a year earlier. Mixed hardwood sawtimber averaged $30.44, down $2.03.

Hardwood markets show wider regional differences. Pennsylvania first-quarter white oak averaged $727 per thousand board feet in the northeast and $750 in the northwest, while black cherry ranged from $412 to $848.

Landowners should treat national lumber prices as direction, not a direct stumpage quote. Local mill demand, species, quality, tract access, and hauling distance remain critical.

Farm-Level Takeaway: Stronger finished-lumber prices have not produced uniform gains for timber owners, making local market conditions especially important.
Tony St. James, RFD News Markets Specialist

Tony St. James joined the RFD-TV talent team in August 2024, bringing a wealth of experience and a fresh perspective to RFD-TV and Rural Radio Channel 147 Sirius XM. In addition to his role as Market Specialist (collaborating with Scott “The Cow Guy” Shellady to provide radio and TV audiences with the latest updates on ag commodity markets), he hosts “Rural America Live” and serves as talent for trade shows.

LATEST STORIES BY THIS AUTHOR:

Improved water levels are allowing more vessels and deeper loads through the Panama Canal.
Foreign subsidies, tariffs, and market controls continue to shape global sugar competition facing U.S. growers.
Drought Harvest Livestock Pressures Shape State Agriculture Nationwide
Weekly ethanol output fell to its lowest level since January as inventories continued to decline.
Winning bids averaged about $1.3 million as demand for 2027 grain rail capacity increased.
Rising Treasury yields could keep farm borrowing costs elevated heading into 2027.