Industry News Markets News
Lumber prices pop slightly on solid sales volumes: Madison’s

Sales of lumber and studs continued to ramp up while that of panels were flat by comparison. Increased duties were imposed on Canadian softwood lumber shipments to the U.S.

In the week ending Aug. 16, the price of Western S-P-F 2×4 #2&Btr KD (RL) was US$390 mfbm. This is up $16, or four per cent from the previous week when it was $374.
That week’s price is up $35, or 10 per cent from one month ago when it was $339 mfbm.

When compared to the same week last year when it was $420, that week’s price is down $30, or seven per cent. Compared to two years ago when it was $624, that week’s price is down $234, or 38 per cent.

In the week ending Aug. 16, the price of Southern Yellow Pine East Side 2×4 #2&Btr KD (RL) was $395 mfbm. This is up $10, or three per cent from the previous week when it was $385 mfbm. That week’s price is up $46, or 13 per cent from one month ago when it was $349 mfbm.

When compared to the same week last year when it was $423, that week’s price is down $28 or seven per cent. Compared to two years ago when it was $800, that week’s price is down $405, or 51 per cent.