My 2 cents only, so take it for what it's worth...
Cherry is a pretty soft wood when it comes to hardwood and it closed grain. So it stands to reason it's susceptible to shake in windy areas. The best saw logs are from the interior of a mature forest. It's there that under story trees like cherry are protected from wind by the canopy of more taller and stronger trees like oaks and hickory. It's in these low light conditions cherry will grow slow thus forming tightly spaced growth rings which is preferred by woodworkers anyways the tighter the growth rings the stronger the tree will be. Cherry grown along the forest edges or in someones yard, generally yield very low grade lumber and is almost always slap full of wind shake.
Always endseal logs with a product like ancorseal as soon as you buck them to length - this greatly reduces the amount of moisture a log will loose through it's endgrain. Like sycamore, Cherry should be sawn into lumber ASAP. Ideally, log day one, mill day 2, kiln dry day3 - this is the best method I know for successful lumber making. End sealing is perhaps the most important thing you can do to help preserve the log for a longer period of time. however endsealing does little good unless is't applied immediately after the tree is felled and bucked, putting sealer on old bucked logs is a waste of time. Limited amount of success can be achieved buy cutting the log ends back past where it's checked and then applying sealer. This shortens the log which produces less BF yeild at the mill.
If you have access to a pond, you can store logs in a pond and they will stay fresher longer, until you find time to saw them. What you don't want to do is to store logs out in the open where sun winds and rain will degrade (dry them out) quickly. At least pile them up in a shady location, if you cant saw them for a couple of weeks.
Old dried out cherry logs, rarely produce good lumber, but make great firewood. Bottom line don't mess with old dried out cherry logs your chance to make good lumber is already past, you success will be very low.
North Carolina Cherry is pretty much hit or miss anyways - the area has been loged twice since the turn of the century and planted over mostly in pine. The best Cherry comes from up north where there is a shorter growing season and temps drop long enough in the winter to kill bugs.
I've passed on hundreds of cherry logs around here - I'm very picky about the logs I buy to be made into lumber to re-sale - a good log makes good lumber - you can't expect to make good lumber out of low grade logs - your just ****ing ino the wind.
One other thing... Why do you think cherry is so expensive? It's not because it's rare - there are plenty of trees to harvest. It's because yield is low at the mill.