Southern Timber Prices Continue to Trend Lower in 3Q2022

Following a 15-year peak in 1Q2022 and a sharp decline in prices in 2Q2022, the weighted average price for southern timber continued trending lower, with pine trending higher and hardwood prices, especially hardwood pulpwood, trending lower. Stumpage prices for 3Q were down compared to this time last year as well as last quarter, with a -10% decline year-over-year (YoY) and a -4% decline quarter-over-quarter (QoQ). Southern timber prices have demonstrated significant volatility since 2017; however, prices for all products have trended upwards over the last ten years.