The Madison’s Lumber Prices Index for the week ending May 19, 2023 is: US$390.5 mfbm
The Madison’s Lumber Prices Index for the week ending May 19, 2023 is: US$390.5 mfbm
This is up by +0.5%, or +$2, from the previous week when it was US$388.4
To check the respective price trendlines, we decided to plot the weekly close (Fridays) of the new lumber Futures against the Madison’s Lumber Prices Index (weekly) …. it turned out to be quite an exact correlation:
For information regarding the construction of this Index (species mix, weighed averages) please go here: https://madisonsreport.com/madisons-lumber-prices-index-a-powerful-tool-for-data-driven-decision-making/