Q2 2026 Market Report
Franklin County Timber Prices — Q2 2026
Every quarter we sit down with the mills we work with in Franklin, Adams, and Cumberland counties, write down what they’re paying by species and grade, then cross-check against Penn State Extension and FORECON’s regional reports. This is the Q2 2026 cut. No paywall, no email required.
All figures below are stumpage: what a Franklin County landowner actually receives for a quality mature tree on accessible ground, before our 10% fee. Prices use the International ¼″ log rule and are quoted in dollars per thousand board feet ($/MBF).
Q2 at a glance
Mid-point of Franklin County stumpage range, Q2 2026. Full ranges in the table below.
Headline: what moved this quarter
- White oak finally broke $1,900 stave. Two of the three Kentucky cooperages we track raised their delivered-log price in early May. Local mills had to follow to keep volume; stave-grade stumpage moved from a Q1 mid-point of $1,800 to $1,925.
- Walnut continued its grind back. Saw-log mid-point now $780, up from $725 in Q1 and roughly +18% from the Q3 2025 trough. Veneer is also waking up — a single 32″ clear-bole tree out of Greene Township sold to a buyer in Indiana for the equivalent of $7,400 stumpage in May.
- Cherry slipped again. Down ~6% on the saw-log side. We are not calling a bottom yet. If you have mature cherry that is healthy, holding it another year is reasonable; if it’s declining, sell now.
- Hard maple firmed up. Plain saw-log moved from $275 to $295 mid-point. The story remains figured material — a single curly butt log out of Hamilton Township scaled at $4,200 to one buyer in June.
- Red oak is still flat-on-its-back. No movement on Chinese import policy in the first half of the year. Domestic flooring is the only buyer, and they have plenty of inventory.
- Ash is increasingly a salvage market. EAB mortality in the South Mountain corridor accelerated. Most Q2 ash sales were salvage at $80–$140/MBF; we are no longer quoting a non-salvage range.
Stumpage prices by species (Q2 2026)
| Species | Saw-log stumpage | Upside grade |
|---|---|---|
| Black Walnut | $600 – $960 / MBF | Veneer: $2,800 – $6,500+ / MBF |
| White Oak | $520 – $740 / MBF | Stave-grade: $1,825 – $2,025 / MBF |
| Black Cherry | $280 – $380 / MBF | Select & better: $620+ / MBF |
| Hard Maple | $245 – $345 / MBF | Figured (birdseye / curly): 5–12× |
| Red Oak | $180 – $260 / MBF | — |
| Yellow Poplar (Tulip) | $145 – $210 / MBF | — |
| White Ash | Salvage: $80 – $140 / MBF | Non-salvage market effectively closed |
| Hickory | $140 – $200 / MBF | — |
MBF = thousand board feet, International ¼″ log rule. A mature 28″ DBH walnut with a 12′ clear butt log scales to roughly 250–400 board feet, depending on bucking.
Quarter-over-quarter: Q1 → Q2 2026
| Species (saw-log mid) | Q1 2026 | Q2 2026 | Change |
|---|---|---|---|
| White Oak (stave) | $1,800 | $1,925 | +6.9% |
| Black Walnut | $725 | $780 | +7.6% |
| White Oak (saw) | $600 | $630 | +5.0% |
| Black Cherry | $350 | $330 | −5.7% |
| Hard Maple | $275 | $295 | +7.3% |
| Red Oak | $220 | $215 | −2.3% |
| Yellow Poplar | $170 | $178 | +4.7% |
| White Ash | $185 | $110 (salvage) | market shift |
| Hickory | $170 | $170 | flat |
How Franklin County compares to the rest of PA
Penn State Extension splits Pennsylvania into four reporting regions. Franklin County sits in the South Central region, which usually trades a hair below Southeast (closer to Lancaster and the Philadelphia furniture trade) and well above the Northwest. Below is the Q2 2026 white oak saw-log mid-point by region, in $/MBF.
Franklin Co.
Franklin County sits roughly $85/MBF below the Southeast and $75/MBF above the Northwest for saw-log white oak. The reason is geography: stave buyers in Lebanon and Lancaster will run a truck this far west, but it is a longer haul, and they price it in. The same dynamic plays out across most species — you should expect Franklin County numbers to land in the upper half of the PA range, but not at the top.
Two spotlights this quarter
White Oak — the bourbon premium is real
Global bourbon inventory remains below long-run averages, and stave-grade white oak supply has not caught up. We are now seeing Kentucky cooperages buy logs as far north as Centre County. For a clean 22″+ DBH white oak with 16′ of clear bole, expect a stave bid; that is the difference between $600 and $1,900+ per MBF on the same tree.
Cherry — a structural decline, not a cycle
Cherry has been sliding for over a decade as furniture taste shifted toward lighter species. Q2 2026 is the lowest saw-log mid-point we’ve recorded since we started tracking in 2020. We do not see a near-term catalyst. If you have mature, healthy cherry, the decision is portfolio-level: hold for biological growth, or take a fair number now and reinvest the capital.
Per-tree translation
Mills quote $/MBF, but landowners think in trees. Below are rough per-tree figures for a single mature yard tree on accessible ground at Q2 2026 prices.
| Species | Typical saw-log yard tree | When it gets exciting |
|---|---|---|
| Black Walnut | $425 – $1,950 | Veneer: $3,200 – $13,000+ |
| White Oak | $320 – $950 | Stave: $1,300 – $3,800 |
| Black Cherry | $140 – $520 | High select: $650 – $1,300 |
| Hard Maple | $130 – $420 | Figured: $850 – $3,400+ |
| Red Oak | $90 – $295 | — |
| Yellow Poplar | $72 – $210 | — |
| White Ash | Salvage: $40 – $130 | — |
| Hickory | $70 – $200 | — |
Methodology & sources
Primary inputs (April 2026 phone survey):
- Mohn’s Lumber — Chambersburg, PA (est. 1969)
- Bricker Lumber — Cashtown, PA (est. 1957)
- Moulstown Woodworks — Hanover, PA
- Speyer Hardwoods — Lebanon, PA (stave + veneer buyer, added Q2)
Cross-references: Penn State Extension Q1 2026 Timber Market Report; FORECON Inc. April 2026 trend brief; USDA Forest Service Northern Research Station bulletins.
Why prices vary by tree: ranges reflect diameter, clear-trunk length, defects, fork count, and access. A yard tree with embedded nails or lawn-mower scars trades at the low end; a clean forest-grown tree with a long clear bole trades at the high end. Veneer- and stave-grade designations are buyer calls and require a graded inspection on the stump.
These are Franklin County numbers. A walnut in Bedford County or Lancaster County may trade at slightly different prices — the regional comparison above gives you a sense of the spread. If a buyer has put a number in front of you and you want a sanity check, call us. We’ll tell you honestly whether the offer is in range, even if you don’t end up working with us.
What we’re watching for Q3 2026
- White oak stave: watch for a second cooperage price move in late summer. Bourbon bottling cycles are roughly 6–8 years, and 2018–2020 lay-down volumes were heavy — the replacement barrels are coming due.
- Walnut veneer: European furniture buyers showed up at the Indianapolis log sale in March. If that holds through summer, expect another 5–8% on the veneer ceiling by Q3.
- Cherry: we expect a flat Q3. Any catalyst would have to come from a furniture-design shift, which we are not seeing.
- Red oak: still tied to Chinese import policy. A loosening would move the floor meaningfully; tightening keeps it pinned. We track this monthly.
- Ash: EAB mortality is now ahead of salvage capacity in the South Mountain corridor. Logistics, not price, will be the bottleneck.
Want these Q2 numbers applied to your trees?
Free assessment, no pressure. We walk your property, identify species, estimate board feet and grade, and show you how the Q2 2026 numbers above translate to real dollars on your specific trees.
Request Free AssessmentPrevious report: Franklin County Timber Prices — Q1 2026. Next update: late July 2026.