June 2013

Spring 2013

Well, just when everybody was getting excited about an upswing in lumber and log values, the lumber market fell hard and log prices softened substantially. Over the last three months lumber prices have dropped about 25% (Random Lengths Framing Lumber Composite Price Index) and were still falling as of the middle of June. As a result, most Inland Northwest log prices have also fallen as sawmills work out of a challenging situation due to large inventories of expensive logs. Although the above log values indicate that prices haven’t weaken much, there has been a significant change in attitude among log buyers because of the poor lumber market. On the plus side, cedar remains a bright spot.

– Mike Wolcott, ACF, Certified Forester

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