Beeswax

The chance of getting either Honey or Beeswax varies by tree size.
 * Small - 75% Honey/25% Beeswax
 * Medium - 50% Honey/50% Beeswax
 * Large - 25% Beeswax/75% Honey

Used in Recipes

 * Skull Candleholder
 * Powder Horn
 * Rusty Iron Candelabra