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Updated every Friday afternoon at 2:00 pm (Pacific Time). Last update: September 19, 2014.
Click here to go to Random Lengths Sample (PDF format)
This report contains brief excerpts from our full 12-page newsletter, which includes prices of more than 1,600 lumber and panel items, plus detailed summaries of market activity. Contact Random Lengths for a free sample issue.
Framing lumber prices retreated, and skittish buyers moved to the sidelines to see where the market would settle. Sectors of the market remained steady, but buyers overall kept purchases to a minimum if they stepped in at all. Seasonal slowing was noted at the distribution and dealer levels, although fear of further downside risk was a bigger factor dissuading buyers. The cash market’s significant premium to futures also weighed on buyers, while Thursday’s August housing report undermined sentiment.
|Random Lengths Framing Lumber Composite Price*||$394||$404||$373|
|KD Western S-P-F #2&Btr 2x4 R/L Mill Price||351||362||351|
|KD Eastern S-P-F #1&2 2x4 R/L, delivered Great Lakes||436||450||444|
|Green Douglas Fir Std&Btr 2x4 R/L (Portland)||320||330||318|
|Southern Pine (Westside) #2 2x4 R/L||475||495||396|
|KD Coast Hem-Fir #2&Btr 2x4 R/L||370||375||360|
|Ponderosa Pine (Inland) #2&Btr 1x12 R/L||680||680||710|
|* Weighted average of 15 key items|
Structural panel trading was heavy to plywood. OSB traders lacked urgency, and the resulting dearth of activity left sheathing prices flat or drifting slightly downward. Contract shipments covered most short-term needs. The tone of the Southern Pine plywood market improved as the week progressed. By Friday morning, downward price pressure had largely evaporated. Western Fir plywood sales got a jolt on Tuesday after news of a fire at Roseburg Forest Products’ veneer mill in Weed, Calif., pulled previously hesitant buyers off the fence.
(f.o.b. mill prices)
|(f.o.b. mill prices)||This Week
|Random Lengths Structural Panel Composite Price*||$402||$401||$376|
|Southern (west-east) 15/32-inch 3-ply rated sheathing plywood||438-490||440-490||382-400|
|Southern (west-east) 15/32-inch 4-ply rated sheathing plywood||458-505||455-502||385-410|
|Western 1/2-inch 4-ply rated sheathing plywood||478||469||410|
|North Central 7/16-inch Oriented Strand Board||222||222||243|
|*Weighted average of 11 key items|
Below are headlines of recent articles in the "Through A Knothole" section of our full 12-page newsletter, featuring articles of interest to the industry, including production/price trends, market analysis, trade issues, timber supplies, and much more. Contact Random Lengths for a free sample issue.
This Week in the "Through a Knothole" Section of Random Lengths
- The U.S. Lumber Coalition says it wants Canada to renegotiate the Softwood Lumber Agreement after it expires in October 2015.
- Wood products distributors and dealers are breathing a sigh of relief, for now, after clarification emerged in the aftermath of a judgment against a major home improvement chain over nominal vs. actual lumber sizes.
- U.S. housing starts continued their see-saw trend as the seasonally adjusted annual rate of starts plummeted in August on a sharp drop in the multifamily sector.
- U.S. plywood exports to offshore markets fell back in the second quarter, after posting strong growth the previous three quarters.
- Wood products have joined a list of commercial and industrial products given preference for procurement by the federal government.