Madison’s Reporter: Winter Weather Keeps Lumber Sales Low

Much of the North American lumber market was frozen in place as frigid weather descended across the continent. Commodity prices were flat or on either side of the previous week’s levels, while supply and demand both went into hibernation mode.

In the week ending January 19, 2024, the price of Western S-P-F 2×4 #2&Btr KD (RL) was US$442 mfbm, said forest products industry price guide newsletter Madison’s Lumber Reporter. This is flat from the previous week when it was $442.

That week’s price is up by +$31, or +8%, from one month ago when it was US$411 mfbm.

Compared to the same week last year, when it was US$374 mfbm, that week’s price is up by +$68, or +18%. Compared to two years ago when it was US$1,170 mfbm, that week’s price is down by -$728 or -62%.

In the week ending January 19, 2024, the price of Southern Yellow Pine East Side 2×4 #2&Btr KD (RL) was US$445 mfbm. This is down by -$15, or -3%,  from the previous week when it was US$460 mfbm.

That week’s price is down by -$8, or -2%, from one month ago when it was US$453 mfbm.

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

Compared to the same week last year, when it was US$430 mfbm, that week’s price is up by +$15, or +3%. Compared to two years ago when it was US$1,475 mfbm, that week’s price is down by -$1,030, or -70%.

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