Following is the monthly update reporting on markets, news and other developments that impact forest landowners in F&W’s operating regions. The information in this report is based on a Nov. 30 survey of managers.
Because of the upcoming holidays, this is the last Market Update for 2021. But don’t worry, we’ll be back ... at the beginning of the year with the winter issue of the F&W Forestry Report and the end of January with a new Market Update. Happy Holidays from F&W!
Southeastern managers report that timber markets are mostly normal for this time of year, with mostly average prices. Several managers cited weather as a factor in this month’s survey. In Southeast Georgia, the manager notes that “freaky, weather-drying conditions” are occurring in early December. He said while prices remained strong, they have tweaked downward from previous highs but he is still scheduling timber sales for December and January. The manager in northwestern South Carolina notes that timber sale activity is slowing down, with interest focused on wet weather tracts and less on others. The Tennessee manager reports that timber markets are good, with hardwood pulpwood selling very well. In Alabama, the manager reports that timber prices seem to have peaked in mid-October, after one of the wettest summers/early fall, and while they have dipped a bit, they have settled at a place that is stronger than the last several years. He adds, “From what I can gather from mills and buyers, prices will stay where they are through at least the winter months. Of course, if it gets really wet again, they are subject to spike.” The manager in Virginia says timber markets are normal for this time of year and that a mill in his area that temporarily shut down due to fire is expected to resume operations in January.
Managers in the West Gulf region report that overall timber markets are normal to above normal, with the same to be said for timber sales and prices. The manager based in northeast Mississippi that also covers West Tennessee and Southwest Kentucky reports that all mills in his territory need wood.
Managers in the Northeastern U.S. report normal timber markets for this time of year. The manager in Midstate New York reports that current markets are focused on regional weather and logging conditions. He adds, “Until winter freeze-up occurs, logging is quite contingent on ground conditions.”
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