In the Northwest, sawlog prices peaked at $73 per ton in April, driven by strengthening domestic demand. As spring progress, logging conditions improved, and the log supply expanded, and log prices retreated to $68 per ton. Log customers in the region were able to end the quarter with healthy log decks.As expected, export demand was lower than in the second quarter of last year and did not command a significant price premium to domestic markets. We directed the vast majority of our harvest volume to domestic customers, exporting 26,000 tons of sawlogs during the quarter. We expect good logging conditions to prevail during the third quarter, so despite modestly strengthening export demand, we expect Northern sawlog prices to return to first quarter levels of about $67 per ton.
Plum Creek Timber Management Discusses Q2 2012 Results - Earnings Call Transcript
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.