Texas Timber Prices Q4 2025

Texas stumpage prices declined sharply in late 2025, with pine sawtimber falling an estimated 16% year-over-year in Northeast Texas and pulpwood dropping below $4/ton in Southeast Texas. A persistent structural oversupply of standing timber across the US South รขโ‚ฌโ€ where growth has outpaced harvest since 2008 รขโ‚ฌโ€ combined with weak housing demand and continued pulp mill closures drove prices to their lowest levels in several years. South-wide pine sawtimber stumpage averaged $23.23/ton in Q4 2025, down 6% year-over-year and 10% below the Q1 2022 peak. Pine pulpwood fell 22% year-over-year to just $5.96/ton south-wide, a staggering 46% below its 2022 peak. These conditions reflect a timber market under sustained pressure despite rising Canadian lumber tariffs that could eventually shift demand toward domestic Southern producers.

Estimated Texas Timber Prices, Q4 2025 ($/ton)

Texas A&M Forest Service Texas Timber Price Trends (bimonthly) is the official baseline. Baseline data from Sep/Oct 2025 report. All prices in $/ton; sawtimber also shown in $/MBF Doyle scale. Texas timber markets are confined to the East Texas Piney Woods — no commercial forestry exists in Central or West Texas. Consult a licensed Texas consulting forester before any timber transaction.
Region:
Product
Avg Price
Also Expressed As
Trend
Chg YoY
Confidence
Pine SawtimberSawtimber · Doyle scale
$28.11 /ton~$225/MBF-Doyle
~$225/MBF Doyle
● Flat
0% YoY
High
Q4 2025 Market Note: Sep/Oct 2025 average $28.11/ton ($224.86/MBF-Doyle). Flat year-over-year. South-wide pine sawtimber oversupply from a decade of underbuilding continues to weigh on prices despite Canadian tariff tailwinds. NE Texas pine saw peaked near $50/ton in 2022; current levels are roughly 44% off that peak. 8 tons = 1 MBF-Doyle conversion.
Unit: $/ton  ·  Confidence: high  ·  30 sales reported
Pine Chip-N-SawChip-N-Saw · intermediate product
$14.92 /ton~$40.29/cord
~$40/cord
▲ Up
+2% YoY
High
Q4 2025 Market Note: Sep/Oct 2025 average $14.92/ton ($40.29/cord). Up 2% year-over-year. Chip-N-Saw is intermediate-diameter pine (roughly 6–11 inches dbh) processed into chips and small-dimension lumber. More stable than sawtimber because it feeds both paper and lumber markets. 2.7 tons = 1 cord conversion.
Unit: $/ton  ·  Confidence: high  ·  58 sales reported
Pine PulpwoodPulpwood
$6.69 /ton~$18.05/cord
~$18/cord
▲ Up
+2% YoY
High
Q4 2025 Market Note: Sep/Oct 2025 average $6.69/ton ($18.05/cord). Up 2% year-over-year; stabilized after years of decline. Pine pulpwood prices in East Texas remain structurally depressed following pulp mill closures and capacity reductions across the South. The floor is held by remaining paper and OSB operations. NE Texas maintains the higher pine pulp price compared to SE Texas. 2.7 tons = 1 cord conversion.
Unit: $/ton  ·  Confidence: high  ·  32 sales reported
Mixed Hardwood SawtimberSawtimber · Doyle scale
$38.25 /ton~$344/MBF-Doyle
~$344/MBF Doyle
● Flat
0% YoY
High
Q4 2025 Market Note: Sep/Oct 2025 average $38.25/ton ($344.29/MBF-Doyle). Flat year-over-year but near record highs — hardwood sawtimber reached $38-39/ton through late 2024 and has held those levels. East Texas hardwood sawtimber consists primarily of red and white oaks, sweetgum, and hickory. Farm Credit East mid-2025 confirmed oak demand remains strong nationally. 9 tons = 1 MBF-Doyle conversion.
Unit: $/ton  ·  Confidence: high  ·  22 sales reported
Hardwood PulpwoodPulpwood
$7.43 /ton~$20.79/cord
~$21/cord
▲ Up
+5% YoY
Medium
Q4 2025 Market Note: Sep/Oct 2025 average $7.43/ton ($20.79/cord). Up 5% year-over-year — the best-performing product in the East Texas market on a YoY basis. Hardwood pulpwood stabilized south-wide around $7-8/ton after declining from 2022 peaks. Primarily sweetgum, red maple, and lower-grade oak going to paper mills and OSB operations. 2.8 tons = 1 cord conversion.
Unit: $/ton  ·  Confidence: medium  ·  11 sales reported
Pine SawtimberSawtimber · Doyle scale
$28.35 /ton~$227/MBF-Doyle
~$227/MBF Doyle
▼ Down
-2% YoY
High
Q4 2025 Market Note: Sep/Oct 2025 average $28.35/ton ($226.76/MBF-Doyle). Down 2% year-over-year. SE Texas pine sawtimber is running slightly higher than NE Texas in nominal price but has declined more steeply from the 2022 peak. SE Texas benefits from proximity to the Beaumont/Port Arthur industrial corridor and Gulf Coast mill markets, but south-wide oversupply limits any upward movement. 8 tons = 1 MBF-Doyle conversion.
Unit: $/ton  ·  Confidence: high  ·  12 sales reported
Pine Chip-N-SawChip-N-Saw · intermediate product
$14.42 /ton~$38.94/cord
~$39/cord
▲ Up
+1% YoY
High
Q4 2025 Market Note: Sep/Oct 2025 average $14.42/ton ($38.94/cord). Flat to slightly up year-over-year. SE Texas Chip-N-Saw runs slightly below NE Texas, consistent with historical pattern. Stable market segment fed by both lumber and fiber demand. 2.7 tons = 1 cord conversion.
Unit: $/ton  ·  Confidence: high  ·  13 sales reported
Pine PulpwoodPulpwood
$6.21 /ton~$16.76/cord
~$17/cord
▼ Down
-6% YoY
High
Q4 2025 Market Note: Sep/Oct 2025 average $6.21/ton ($16.76/cord). Down 6% year-over-year and notably lower than NE Texas ($6.69/ton). SE Texas pine pulpwood is pressured by fewer active buyers and longer haul distances to remaining paper mills. The spread between NE and SE pine pulpwood has widened in 2025, reflecting deteriorating SE mill demand. 2.7 tons = 1 cord conversion.
Unit: $/ton  ·  Confidence: high  ·  9 sales reported
Mixed Hardwood SawtimberSawtimber · insufficient SE TX data
N/ASee NE Texas
Fewer than 3 sales
● N/A
Insuff.
Q4 2025 Market Note: The Texas Timber Price Trends report shows ** (fewer than 3 sales) for SE Texas mixed hardwood sawtimber in Sep/Oct 2025. Hardwood sawtimber is thinly traded in SE Texas; refer to NE Texas data (~$38.25/ton) as the best available regional proxy. SE Texas hardwood consists primarily of bottomland oaks and sweetgum along river systems. The prior period showed $38.60/ton for SE Texas when data was available.
Insufficient data per Texas A&M Forest Service reporting threshold (<3 sales)
Hardwood PulpwoodPulpwood · insufficient SE TX data
N/ASee NE Texas
Fewer than 3 sales
● N/A
Insuff.
Q4 2025 Market Note: The Texas Timber Price Trends report shows ** (fewer than 3 sales) for SE Texas hardwood pulpwood in Sep/Oct 2025. The prior period showed $5.00/ton for SE Texas when data was available, significantly below the NE Texas figure of $7.43/ton. The wide spread reflects thinner hardwood markets and fewer active buyers in the SE Texas region. Refer to NE Texas data as the best available proxy.
Insufficient data per Texas A&M Forest Service reporting threshold (<3 sales)
Source: Texas A&M Forest Service Texas Timber Price Trends Sep/Oct 2025 (Vol. 43 No. 5)  ·  TMS South-wide Q3 2025  ·  Farm Credit East Mid-2025
All prices are volume-weighted averages from actual timber sales reported by up to 60 cooperators. Prices in $/ton; sawtimber also shown in $/MBF Doyle scale; pulpwood also shown in $/cord. Conversion factors: pine saw 8 ton/MBF; HW saw 9 ton/MBF; pine pulp/CNS 2.7 ton/cord; HW pulp 2.8 ton/cord. Texas commercial timber confined to East Texas Piney Woods. Not a substitute for professional appraisal.

Northeast Texas pine sawtimber saw one of the steepest subregional drops in the South at 16% year-over-year. Southeast Texas pine pulpwood below $4/ton placed it alongside Arkansas and South Louisiana as one of the weakest pulpwood markets in the region. The Texas A&M Forest Service reported statewide pine sawtimber at $29.55/ton in Januaryรขโ‚ฌโ€œFebruary 2025, meaning the Q4 decline represents a roughly $4รขโ‚ฌโ€œ6/ton drop within the same calendar year.

For per-unit context, current Texas pine sawtimber stumpage likely translates to roughly $185รขโ‚ฌโ€œ$210/MBF (Doyle) and pine pulpwood to approximately $11รขโ‚ฌโ€œ$14/cord.

Hardwood sawtimber has been the most resilient product category, holding near $35รขโ‚ฌโ€œ$38/ton throughout 2025. Texas price reports aggregate all hardwood species into “mixed hardwood sawtimber” and “hardwood pulpwood” categories. Individual species prices for oak, sweetgum, and hickory are not separately tracked in publicly available Texas data, though red oak and white oak tend to command premiums when mills specify species.

Historical Texas Timber Price Data

Texas A&M Forest Service · Harvest Trends · TTPT
East Texas Timber Stumpage Prices, 2004รขโ‚ฌโ€œ2023
Volume-weighted statewide averages · annual · East Texas cooperator network Sawtimber
Pine & Hardwood Sawtimber Stumpage
$/MBF (Doyle log scale)
Pine Sawtimber
Mixed Hardwood Sawtimber
Source: Texas A&M Forest Service Harvest Trends 2014 & 2023 (Table 6) · TTPT Vol. 25 No. 4 (2004 data point)
Pine sawtimber peaked at $392/MBF in 2004, crashed 54% to $181/MBF by 2009, and recovered to only $245/MBF by 2023.
Hardwood sawtimber overtook pine in value c. 2010 and peaked at $372/MBF in 2015, driven by export and pallet demand.
Chip-N-Saw
Pine Chip-N-Saw Stumpage
$/cord
Pine Chip-N-Saw
Source: Texas A&M Forest Service Harvest Trends 2014 & 2023 (Table 6)
Chip-n-saw collapsed from $60/cord in 2004 to $26/cord in 2017 before stabilizing around $37รขโ‚ฌโ€œ40/cord.
Straddles the sawtimber/pulpwood market รขโ‚ฌโ€ vulnerable to mill closures and shifts in small-log capacity.
Pulpwood
Pine & Hardwood Pulpwood Stumpage
$/cord
Pine Pulpwood
Mixed Hardwood Pulpwood
Source: Texas A&M Forest Service Harvest Trends 2014 & 2023 (Table 6)
Both products spiked in 2007 from hurricane-related supply disruptions (Tropical Storm Erin, Hurricane Dean).
Hardwood pulpwood hit $45.60/cord in 2015 on export pellet demand. Pine pulpwood has drifted toward $17รขโ‚ฌโ€œ18/cord since 2022.
All Products · Unified Comparison
All Products Stumpage รขโ‚ฌโ€ Per-Ton Basis
$/ton · enables direct comparison across product classes
Pine Sawtimber
HW Sawtimber
Pine Chip-N-Saw
Pine Pulpwood
HW Pulpwood
Conversion: Pine ST 8 ton/MBF · HW ST 9 ton/MBF · Pine CNS 2.7 ton/cord · Pine Pulp 2.7 ton/cord · HW Pulp 2.8 ton/cord
2017รขโ‚ฌโ€œ2023 per-ton values from TTPT 5-Year Stumpage Price Summaries. Earlier years calculated from $/MBF and $/cord data.
Source: Texas A&M Forest Service · tfsweb.tamu.edu

How to Estimate What Your Timber Is Worth

These Texas timber prices give you the market rates per unit of timber in your area, but theyรขโ‚ฌโ„ขre not particularly useful on their ownรขโ‚ฌโ€you need to know how much wood you actually have standing on your land.

The most accurate way to determine your timber volume is to hire a professional forester to conduct a timber cruise, which involves systematically measuring sample plots across your property. This can cost $1,000 or more depending on your acreage and timber complexity.

For a quicker, DIY estimate, you can use SilviCulturalรขโ‚ฌโ€forestry mapping software designed for small woodland owners. It includes an amateur-friendly cruise system that walks you through measuring your timber and calculating volumes by species and product class.

Silvicultural can help you estimate the value of your forest based on Connecticut timber prices.
SilviCulturalรขโ‚ฌโ„ขs forest inventory tool

Once you have volume estimates (in MBF, cords, tons, etc.), you can multiply them by the stumpage prices above to get a rough sense of your timberรขโ‚ฌโ„ขs market value. For example:

  • 50 MBF of pine sawlogs รƒโ€” $400/MBF = $20,000
  • 100 cords of mixed hardwood pulpwood รƒโ€” $15/cord = $1,500

Keep in mind: Actual sale prices vary based on access, timber quality, market timing, and logger availability. These calculations give you a b


Market Update

Housing Weakness and Tariff Escalation Shaped Q4 Demand

The housing market รขโ‚ฌโ€ the primary driver of lumber and, by extension, sawtimber demand รขโ‚ฌโ€ continued to disappoint in Q4 2025. Total housing starts moved from a 15-month low of 1,272,000 units in October to 1,404,000 in December, but full-year 2025 starts of approximately 1,358,700 units were down 0.6% from 2024, marking the fourth consecutive annual decline. Single-family starts, the key lumber demand driver, totaled just 909,600 for 2025, down 7.4% year-over-year. The South underperformed other regions, with starts declining 2.8% month-over-month in December. Mortgage rates drifted to approximately 6.25% by Novemberรขโ‚ฌโ€œDecember, providing modest late-year relief but insufficient to spark a recovery.

Canadian lumber tariffs escalated dramatically. The Commerce Department’s 6th Administrative Review raised combined anti-dumping and countervailing duties from 14.40% to 35.19% for most Canadian producers, effective Julyรขโ‚ฌโ€œAugust 2025, before an additional 10% tariff pushed total duties to approximately 45%. Canada supplied roughly 24% of US lumber consumption in 2024, so these tariffs represent a meaningful cost increase for builders. However, the impact on Southern pine stumpage has been muted รขโ‚ฌโ€ the South’s chronic timber oversupply limits price transmission from the lumber market down to the log market.

Lumber futures reflected this tension between tariff-driven supply fears and demand reality. After spiking to $695/MBF in August 2025, CME lumber futures retreated steadily through Q4 to the $530รขโ‚ฌโ€œ$600 range by December. Forisk projected housing starts of 1.351 million for 2025 and 1.355 million for 2026, with meaningful recovery to 1.419 million not expected until 2027.

Mill Expansions Continue Despite Falling Utilization Rates

Southern softwood lumber mill capacity has expanded 35% since 2017 to over 28.4 billion board feet, yet utilization rates have collapsed from 85% in 2021 to approximately 74รขโ‚ฌโ€œ75% in 2024รขโ‚ฌโ€œ2025. In Texas, Georgia-Pacific’s Pineland Lumber Complex in Sabine County and Angelina Forest Products in Lufkin together accept hundreds of truckloads of logs daily, ensuring some baseline demand for sawtimber in East Texas.

Several major corporate developments shaped the Q4 landscape. Rayonier and PotlatchDeltic announced a merger on October 14, 2025, creating a timber giant with over 4 million acres and $40 million in expected run-rate synergies by end of 2026. Rayonier’s CEO noted that timber market headwinds persisted throughout the year, while guiding for Southern timber harvest of 12.1รขโ‚ฌโ€œ12.6 million tons in 2026 with pine stumpage realizations expected to trend modestly higher. Weyerhaeuser meanwhile reported negative Wood Products EBITDA of รขห†โ€™$20 million in Q4 2025, reflecting how challenging conditions were all the way up the supply chain.

The pulp and paper sector continued to contract, with more than 10 major Southern pulp facilities closing between 2023 and 2025, removing over 25 million tons of annual fiber demand. This structural decline is the primary force behind collapsing pulpwood prices. Partially offsetting this, US wood pellet exports reached 891,093 metric tons in November 2025, providing a modest demand floor for low-grade fiber.

Drought, Not Hurricanes, Defined Q4 Weather Risks

The 2025 Atlantic hurricane season produced no US landfalls. No hurricane-related timber damage occurred in Texas in Q4 2025. The more pressing weather story was intensifying drought รขโ‚ฌโ€ by early 2026, approximately 73% of Texas was under drought conditions, raising wildfire risk and long-term timber growth concerns across East Texas.


Outlook

The Texas timber market in Q4 2025 reflects a fundamental imbalance: Southern softwood growth has consistently outpaced harvest since 2008, creating a standing inventory surplus that suppresses stumpage prices regardless of what lumber markets do. For landowners and timber investors, hardwood sawtimber at $35รขโ‚ฌโ€œ$38/ton and pine sawtimber at $22รขโ‚ฌโ€œ$26/ton represent the current reality รขโ‚ฌโ€ with meaningful price recovery unlikely until housing starts approach 1.5 million units, a threshold most forecasters do not expect before 2028.

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