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U.S. & Canada lumber and panel market weekly reports

Winter weather keeps lumber sales low

[Feb 7, 2024]


Lumber and panel market weekly report ---- Week 4, 2024
By Madison's Lumber Reporter
A major sawmill closure in Western Canada made waves during an otherwise quiet winter week of sales for the lumber industry.

 

In the week ending Jan. 26, the price of Western S-P-F 24 #2&Btr KD (RL) was US$442 mfbm. This is flat from the previous week when it was $442. That week’s price is up by $31, or eight per cent from one month ago when it was $411 mfbm.

Compared to the same week last year, when it was $394 mfbm, that week’s price is up by $48, or 12 per cent. Compared to two years ago when it was $1,220 mfbm, that week’s price is down by $778 or 64 per cent.

MADISON’S BENCHMARK TOP-SIX SOFTWOOD LUMBER AND PANEL PRICES: MONTHLY AVERAGES

That week’s price is down by $36, or eight per cent from one month ago when it was US$453 mfbm.
Compared to the same week last year, when it was $455 mfbm, that week’s price is down by $38, or eight per cent. Compared to two years ago when it was $1,515 mfbm, that week’s price is down by $1,098, or 72 per cent.

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