Missouri Timber Price Trends
Jan. - March 2006

Southwest Stumpage Prices

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                    High        Low       Avg.       Last        Last         Volume      # of
                    Price       Price     Price      Quarter     Year                     Rpts.
-----------------------------------------------------------------------------------------------

Sawlogs
Oak (mixed species)   $240        $60      $115      $160          $145       243 Int. - MBF     6
Walnut, Black         $925       $415      $720      $990          $890        25 Int. - MBF     5



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