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

Some lumber prices pop slightly as supplies tighten in North America

[Jun 21, 2023]


Lumber and panel market weekly report ---- Week 22, 2023
By Madison's Lumber Reporter
In the week ending June 09, 2023, the price of Western S-P-F 2x4 #2&Btr KD (RL) was US$360 mfbm, said Madison’s Lumber Reporter. This is flat from the previous week.

That week’s price is up by +$3, or +1%, from one month ago when it was US$358 mfbm.

Compared to the same week last year, when it was US$660 mfbm, that week’s price is down by -$300, or -45%. Compared to two years ago when it was US$1,600 mfbm, that week’s price is down by -$1,240 or -78.


 
TIn the week ending June 09, 2023, the price of Southern Yellow Pine East Side 2x4 #2&Btr KD (RL) was US$425 mfbm. This is down by -$22 or -5% compared to the previous week when it was US$447 mfbm.

That week’s price is down by -$74, or -15%, from one month ago when it was US$499 mfbm.

Madison’s Benchmark Top-Six Softwood Lumber and Panel Prices: Monthly Averages

Compared to the same week last year, when it was US$725 mfbm, that week’s price is down by -$300, or -41%. Compared to two years ago when it was US$1,265 mfbm, that week’s price is down by -$840 or -66%.

Madison's Lumber Prices Index up 6.3%

The Madison’s Lumber Prices Index for the week ending June 16, 2023 was US$420 mfbm. This is up by +6.3%, or +$25, from the previous week when it was US$395.


Madison’s Lumber Prices Index is constructed using the same species as Futures (WSPF, ESPF, Douglas fir, Hem-Fir), with weighed averages based on the North America production volume ratio over the past few years.


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