A price index of lumber and panels used in actual construction for Jan. 6, 2012
*Western - regional species perimeter foundation; Southern - regional species slab construction.
Crow's Market Recap -- A condensed recap of the market conditions for the major North American softwood lumber and panel products as reported in Crow's Weekly Market Report.
Lumber: A slower sales pace than the prior two weeks in the SPF lumber market left most prices flat or adjusting slightly upward. Mills carried order files of one to two weeks. Traders watched the January futures contract closely, as it remained at a discount to cash prior to its mid-month expiration. A broad range of buyers increased their participation in the Southern Pine lumber market, generating enough demand for mills to raise dimension lumber prices. Treaters purchased increased volumes, while yards replenished inventories after running them low during the last cycle. Coastal species lumber mills experienced enough demand for dry items to maintain price levels or push them higher. After a slow start, sales activity picked up Wednesday. Steady demand was experienced in many of the larger consuming regions. Producers of Inland species lumber reported a somewhat slow but steady market. Buyers looked for specific tallies and shipment times to fill in inventory holes, as continued good weather in many parts of the country helped keep wood moving out of dealers' gates. Ponderosa Pine Mldg&Btr and Shop sales were steady, as were prices. Light sales activity for