Madison’s Reporter: Could This be the Lumber Price Bottom?

The market adopted a pensive tone ahead of two upcoming holidays on either side of the border. In the search for stable trading levels, most commodity prices seemed to reach a bottom.

In the week ending May 17, 2024, the price of Western S-P-F 2×4 #2&Btr KD (RL) was US$383 mfbm, said forest products industry price guide newsletter Madison’s Lumber Reporter. This is flat from the previous week when it was $383.

That week’s price is down -$47, or -11%, from one month ago when it was US$430 mfbm.

Compared to the same week last year, when it was US$360 mfbm, that week’s price is up +$23, or +6%. Compared to two years ago when it was $1,1070, that week’s price is down by -$687, or -64%.

In the week ending May 17, 2024, the price of Southern Yellow Pine East Side 2×4 #2&Btr KD (RL) was US$355 mfbm. This is up +$15, or +4%, from the previous week when it was US$340 mfbm.

That week’s price is down -$3, or -1%, from one month ago when it was US$358 mfbm.

Madison’s Benchmark Top-Six Softwood Lumber and Panel Prices: Monthly Averages

Compared to the same week last year, when it was US$490 mfbm, that week’s price is down -$135, or -28%. Compared to two years ago when it was $815, that week’s price is down by -$460, or -56%.

About Madison’s Lumber Reporter

Established in 1952, Madison’s Lumber Prices is your premiere source for North American softwood lumber news, prices, industry insight, and industry contacts. The weekly Madison’s Lumber Reporter publishes current Canadian and US construction framing dimension lumber and panel wholesaler pricing information 50 weeks a year and access to historical pricing as well.

Contact:

Keta Kosman – Publisher, Madison’s Lumber Reporter – (604) 319-2266 – https://madisonsreport.com/

Source: Madison’s Lumber Reporter