Lumber Prices Drop Further on Plentiful Supply

There was no notable increase in demand for lumber in advance of the dual Canada and US national holidays. Veteran players continued to shake their heads in wondering when, and/or if, there will be the usual seasonal lumber sales push at all this year. Indeed, at this time last year prices were rising. The overall […] The post Lumber Prices Drop Further on Plentiful Supply first appeared on Madison’s Lumber Reporter.

Madison’s Lumber Prices Index July 5, 2024: US$380 mfbm

The Madison’s Lumber Prices Index for the week ending july 5, 2024 is: US$380 mfbm The Madison’s Lumber Prices Index for the week ending July 5, 2024 is: US$380 mfbmThis is down -1%, or -$4, from the previous week when it was US$384. For information regarding the construction of this Index (species mix, weighed averages) […] The post Madison’s Lumber Prices Index July 5, 2024: US$380 mfbm first appeared on Madison’s Lumber Reporter.

Lumber Prices Go Lower as Summer Downtime Approaches

As the end of June loomed and the usual summer holiday slowdowns came into view, prices of many construction framing dimension softwood lumber commodities across North America dropped further. Veteran players shook their heads, questioning if the ongoing soft demand meant this year will be a write off. Lumber traders in the east, west, and […] The post Lumber Prices Go Lower as Summer Downtime Approaches first appeared on Madison’s Lumber Reporter.

Madison’s Lumber Prices Index June 28, 2024: US$384 mfbm

The Madison’s Lumber Prices Index for the week ending june 28, 2024 is: US$384 mfbm The Madison’s Lumber Prices Index for the week ending June 28, 2024 is: US$384 mfbmThis is down -2.5%, or -$10, from the previous week when it was US$394. For information regarding the construction of this Index (species mix, weighed averages) […] The post Madison’s Lumber Prices Index June 28, 2024: US$384 mfbm first appeared on Madison’s Lumber Reporter.

Lack of Spring Demand Drops Lumber Prices Further

Since mid-2022 when interest rates, especially mortgage lending rates, starting going up home builders and lumber buyers became extremely cautious in their purchasing of manufactured wood products. In general players avoided stocking up on lumber inventory, mostly out of concern that prices might fall and they might get stuck with expensive material they would have […] The post Lack of Spring Demand Drops Lumber Prices Further first appeared on Madison’s Lumber Reporter.

Madison’s Softwood Lumber Prices Index vs Futures

In mid-2022 the Chicago Mercantile Exchange launched updated Lumber Futures trading under a new ticker. Using the same species/product mix, Madison’s created an Index tracking that same market cash prices (print). The two-year graph below shows these concurrent data sets correlate very nicely: This demonstrates a much more reliable symmetry between prices of Futures and […] The post Madison’s Softwood Lumber Prices Index vs Futures first appeared on Madison’s Lumber Reporter.

Madison’s Lumber Prices Index June 21, 2024: US$394 mfbm

The Madison’s Lumber Prices Index for the week ending june 21, 2024 is: US$394 mfbm The Madison’s Lumber Prices Index for the week ending June 21, 2024 is: US$394 mfbmThis is down -4.6%, or -$19, from the previous week when it was US$413. For information regarding the construction of this Index (species mix, weighed averages) […] The post Madison’s Lumber Prices Index June 21, 2024: US$394 mfbm first appeared on Madison’s Lumber Reporter.

Ongoing Soft Demand Brings Dip in Lumber Prices

June dawned without the usual increase in spring demand for construction framing dimension softwood lumber, thus sellers were no longer able to hold on to the recent steady asking prices. Warnings from suppliers about extremely weak field inventories and the possibility of shortages should sales volumes increase suddenly fell on deaf ears. Customers remained extremely […] The post Ongoing Soft Demand Brings Dip in Lumber Prices first appeared on Madison’s Lumber Reporter.

Madison’s Lumber Prices Index June 14, 2024: US$413 mfbm

The Madison’s Lumber Prices Index for the week ending june 14, 2024 is: US$413 mfbm The Madison’s Lumber Prices Index for the week ending June 14, 2024 is: US$413 mfbmThis is down -1%, or -$5, from the previous week when it was US$418. For information regarding the construction of this Index (species mix, weighed averages) […] The post Madison’s Lumber Prices Index June 14, 2024: US$413 mfbm first appeared on Madison’s Lumber Reporter.

Uninspiring Demand Keeps Lumber Prices Flat

As May 2024 ended and true summer arrived, the usual seasonal increase in lumber sales volumes did not materialize. This meant lumber prices stayed generally flat to where they had been in the past month. Demand remained relegated strictly to immediate needs only; customers stuck to their now long-term habit of buying only the wood […] The post Uninspiring Demand Keeps Lumber Prices Flat first appeared on Madison’s Lumber Reporter.