Missouri Timber Price Trends
Jan. - March 2006

Southeast Stumpage Prices

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

Sawlogs
Ash                  $145        $145       $145          -           -         - Int.- MBF    1
Hickory              $255        $ 85       $210        $185        $135      128 Int.- MBF    9
Mixed Hardwoods      $255         $90       $180        $165        $175      180 Int.- MBF   12
Oak (mixed species)  $295        $ 85       $145        $180        $200      763 Int.- MBF    7
Post Oak             $255        $ 85       $185        $170        $145      123 Int.- MBF   10
Red Oak (Group)      $270        $ 90       $225        $190        $210     4597 Int.- MBF   21
Shortleaf Pine       $255        $ 70        $90        $150        $125      460 Int.- MBF    7
Soft Maple           $200        $200       $200          -         $305        1 Int.- MBF    1
Walnut, Black        $255        $255       $255        $435          -       191 Int.- MBF    1
White oak (group)    $270        $100       $220        $200        $200      590 Int.- MBF    9

Fence
Mixed Hardwoods      $  1         $ 1        $ 1          -           -       184 Cords        1
Shortleaf Pine       $  3         $ 3        $ 3          -           -        19 Cords        1

Stave Logs
White oak (group)    $270        $270       $270          -           -         2 Int.- MBF    1


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