Overall supply was increasingly limited, and commodity prices were firm or
up. Buyers found it more difficult to hesitate even while they waited for
the results of the upcoming US presidential election.
In the week ending October 25, 2024, the price of benchmark softwood lumber
item Western Spruce-Pine-Fir 2x4 #2&Btr KD (RL) was US$408 mfbm. This is up
+$6, or +1%, from the previous week when it was $402, said weekly forest
products industry price guide newsletter Madison’s Lumber Reporter.
That week’s price is up +$5, or +1%, from one month ago when it was $404.
Compared to the same week last year, when it was US$380 mfbm, that week’s
price was up +$28, or +7%. Compared to two years ago when it was $480, that
week’s price was down -$72, or -15%.
In the week ending October 25, 2024, the price of Southern Yellow Pine East
Side 2x4 #2&Btr KD (RL) was US$485 mfbm. This is up +$10, or +2%, from the
previous week when it was $475.
That week’s price is up +$85, or +21%, from one month ago when it was $400.
When compared to the same week last year, when it was $435, that week’s
price was up +$50, or +11%. Compared to two years ago when it was $465, that
week’s price was up +$20, or +4%.
MADISON’S BENCHMARK TOP-SIX SOFTWOOD LUMBER AND PANEL PRICES: MONTHLY
AVERAGES
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