Hardwood11
It is going to be a good fall!
Any guesses on whether Walnut will stay this high? How is White Oak doing?
Walnut has been about as consistent as anything lately, and barring a total economic collapse, white oak should continue to do well. Up until very recently, white oak was outperforming red oak (my dad's a timber buyer and I keep an eye on prices out of curiosity from growing up around it.0Any guesses on whether Walnut will stay this high? How is White Oak doing?
Red oak is fairly cyclical but yes, it's been fairly depressed price wise for a couple of years, the tariffs on China were probably a bigger factor than anything lately to be honest. It would surprise most people knowing how much timber from the Midwest ends up over there that doesn't even come back in the form of furniture.I don't remember a time since i've been paying attention that Red Oak was what I would call a good price. Almost all new builds have gone away from Oak so I imagine that plays a role?
Darn!! I thought I was going hear good news on red oak!! 20 years now following it OCCASIONALLY... ive never seen it “high” or in high demand.Red oak is fairly cyclical but yes, it's been fairly depressed price wise for a couple of years, the tariffs on China were probably a bigger factor than anything lately to be honest. It would surprise most people knowing how much timber from the Midwest ends up over there that doesn't even come back in the form of furniture.
I just bought a house after walking through around 65 of them, and the clear trend for the under 40 group is either walnut/dark stained wood, light hard maple/oak painted white, or vinyl floors. Unless the trends change or Asia suddenly falls in love with red oak, I wouldn't plan on getting rich on a patch of red oak.
Walnut still holding strong, even #1/2 common saw logs. The best walnut veneer tree I've ever laid eyes on was felled recently and went for something like $17k to the veneer buyer. I didn't throw a caliper on it but at chest height I'd guess it was a 30" tree with the first knot at the end of the third log length.Anyone done any logging lately ? Walnut, oak ? I imagine the values are up ?
Has anyone heard oak and walnut log prices lately ?