Madison’s Reporter: Hurricane Helene Aftermath Drives up Southern Pine Prices

Hurricane Helene and the US East Coast port strike created urgency for Southern Yellow Pine, some of which spilled over into Eastern S-P-F. Prices of panels, Western S-P-F, and Hemlock/Fir were on either side of the previous week’s levels.

In the week ending October 4, 2024, the price of Western S-P-F 2×4 #2&Btr KD (RL) was US$388 mfbm, said forest products industry price guide newsletter Madison’s Lumber Reporter. This is down -$6, or -2%, from the previous week when it was $394.

That week’s price is down -$16, or -4%, from one month ago when it was US$404 mfbm.

When compared to the same week last year, when it was $400, that week’s price is down -$12, or -3%. Compared to two years ago when it was $520, that week’s price is down -$116, or -22%.

In the week ending October 4, 2024, the price of Southern Yellow Pine East Side 2×4 #2&Btr KD (RL) was US$432 mfbm. This is up +$22, or +5%, from the previous week when it was US$410 mfbm.

That week’s price is up +$32, or +8%, from one month ago when it was US$400 mfbm.

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

When compared to the same week last year, when it was $505, that week’s price is down -$73, or -14%. Compared to two years ago when it was $620, that week’s price is down -$220, or -35%.

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