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Lack of Spring Demand Drops Lumber Prices Further
Since mid-2022 when interest rates, especially mortgage lending rates, starting going up home builders and lumber buyers became extremely cautious in their purchasing of manufactured wood products. In general players avoided stocking up on lumber inventory, mostly out of concern that prices might fall and they might get stuck with expensive material they would have…
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Madison’s Softwood Lumber Prices Index vs Futures
In mid-2022 the Chicago Mercantile Exchange launched updated Lumber Futures trading under a new ticker. Using the same species/product mix, Madison’s created an Index tracking that same market cash prices (print). The two-year graph below shows these concurrent data sets correlate very nicely: This demonstrates a much more reliable symmetry between prices of Futures and…
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Madison’s Lumber Prices Index June 21, 2024: US$394 mfbm
The Madison’s Lumber Prices Index for the week ending june 21, 2024 is: US$394 mfbm The Madison’s Lumber Prices Index for the week ending June 21, 2024 is: US$394 mfbmThis is down -4.6%, or -$19, from the previous week when it was US$413. For information regarding the construction of this Index (species mix, weighed averages)…
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Ongoing Soft Demand Brings Dip in Lumber Prices
June dawned without the usual increase in spring demand for construction framing dimension softwood lumber, thus sellers were no longer able to hold on to the recent steady asking prices. Warnings from suppliers about extremely weak field inventories and the possibility of shortages should sales volumes increase suddenly fell on deaf ears. Customers remained extremely…
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Madison’s Lumber Prices Index June 14, 2024: US$413 mfbm
The Madison’s Lumber Prices Index for the week ending june 14, 2024 is: US$413 mfbm The Madison’s Lumber Prices Index for the week ending June 14, 2024 is: US$413 mfbmThis is down -1%, or -$5, from the previous week when it was US$418. For information regarding the construction of this Index (species mix, weighed averages)…
