South-wide Stumpage Markets
Persistent wet weather limited wood accessibility, creating supply chain issues which in part resulted in South-wide average prices increasing for all three major pine products and hardwood pulpwood this quarter. Seasonally wet conditions, which typically occur between late Fall and early Spring in the South, were kickstarted by Tropical Storm Gordon and Hurricane Florence in September and followed by HurricaneMichael in October, with above-average precipitation (even for this time of year) continuing through the end of the 2018 and into the 1stQuarter of 2019.