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Increased production volume leads to drop in lumber prices: Madison’s
August 15, 2023 By Madison’s Lumber Reporter
In the week ending August 4, the price of Western S-P-F 2×4 #2&Btr KD (RL) was US$426 mfbm. This is down by $29, or seven per cent, from the previous week when it was $458.
That week’s price is down by $29, or six per cent, from one month ago when it was US$455 mfbm.
Compared to the same week last year, when it was US$610 mfbm, that week’s price is down by $184, or 30 per cent. Compared to two years ago when it was US$539 mfbm, that week’s price is down by $113 or 21 per cent.
In the week ending August 4, the price of Southern Yellow Pine East Side 2×4 #2&Btr KD (RL) was US$415 mfbm. This is down by $10, or two per cent, from the previous week when it was $425.
That week’s price is down by $5, or one per cent, from one month ago when it was US$420 mfbm.
Compared to the same week last year, when it was US$805 mfbm, that week’s price is down by $390, or 49 per cent. Compared to two years ago when it was US$515 mfbm, that week’s price is down by $100 or 19 per cent.
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