Missouri Timber Price Trends
Jan. - March 2006

North Stumpage Prices

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                    High        Low       Avg.       Last        Last         Volume      # of
                    Price       Price     Price      Quarter     Year                      Rpts.
-----------------------------------------------------------------------------------------------
Veneer
Walnut, Black       $2,500       $140      $855       $1195       $1910          13 Int. - MBF 5

Sawlogs
Ash                   $140       $100      $125        $100          -           16 Int. - MBF 3
Basswood              $100       $100      $$50          -           -            3 Int. - MBF 1
Cottonwood            $295        $90       $50         $75        $195          17 Int. - MBF 3
Elm                   $130       $130      $195          -          $60           5 Int. - MBF 1
Hackberry             $295       $130       $50         $85         $80           9 Int. - MBF 2
Hard Maple            $100       $100       $50          -           -            - Int. - MBF 1
Hickory               $295        $50      $185        $125        $100          50 Int. - MBF 5
Mixed Hardwoods       $295        $40      $165         $65        $135         379 Int. - MBF 7
Oak (mixed species)   $295       $100      $175        $100        $300         163 Int. - MBF 4
Red oak (group)       $295        $85      $190        $160        $140         152 Int. - MBF 4
Soft Maple            $295       $130       $50        $195        $220         115 Int. - MBF 4
Sycamore              $295       $100       $50         $85         $80          24 Int. - MBF 3
Walnut, Black         $415       $100      $815        $400        $500          12 Int. - MBF 6
White oak (group)     $295       $100      $190        $155        $145         198 Int. - MBF 5



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