July 2020

Spring 2020

Never in my 40-year forestry career have I witnessed dynamics in the lumber/log markets as we are now experiencing. Lumber prices have moved dramatically upward over the last few months, hitting all time highs; however, log prices have increased at a glacial pace. Although log buyers have more money to work with, there is uncertainty in the long-term lumber/plywood market, and with generally ample log yard inventories, they are reluctant to move prices significantly higher. Cedar has been an exception lately, with keen completion for that species. On the unfortunate end, pulp markets have been very challenging since Ponderay Newsprint, Usk, Washington, stopped purchasing logs and filed for bankruptcy.

 

Mike Wolcott, ACF, Certified Forester

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