The U.S. Thanksgiving holiday brought the usual seasonal demand drop. Prices in most SPF and Hem/Fir items were firm to slightly up, while prices of SYP remained conspicuously soft.
In the week ending November 22, 2024, the price of benchmark softwood lumber item Western Spruce-Pine-Fir 2x4 #2&Btr KD (RL) was $470 mfbm. This is up $10, or 2%, from the previous week when it was $460, said weekly forest products industry price guide newsletter Madison’s Lumber Reporter. That week’s price is up $67, or 17%, from one month ago when it was $403. Compared to the same week last year, when it was $414 mfbm, that week’s price was up $56, or 14%. Compared to two years ago, when it was $490, that week’s price was down $20, or 4%. Image: Madison’s Lumber Reporter
In the week ending November 22, 2024, the price of Southern Yellow Pine East Side 2x4 #2&Btr KD (RL) was $410 mfbm. This is down $25, or 6%, from the previous week when it was $435. That week’s price is down $55, or 12%, from one month ago when it was $465. When compared to the same week last year, when it was $415, that week’s price was down $5, or 1%. Compared to two years ago, when it was $455, that week’s price was down $45, or 10%. Image: Madison’s Lumber Reporter
