The North American solid wood commodity market experiences a slowdown as U.S. players pause for the Thanksgiving holiday. Firm prices and limited availability persist for SPF and hem/fir, while SYP prices continue to decline, according to Madison’s Lumber Reporter. Image: Madison’s Lumber Reporter
In the week ending November 29, 2024, the price of Western Spruce-Pine-Fir (SPF) 2x4 #2&Btr KD (RL) remains steady at $470 per mfbm. This marks a $67 increase (+17%) from $403 one month earlier. Compared to the same week in 2023, when the price was $414 per mfbm, it is up $56 (+14%). However, it is $5 lower (-1%) than the $475 price recorded two years ago. Image: Madison’s Lumber Reporter
Southern Yellow Pine (SYP) East Side 2x4 #2&Btr KD (RL) prices decline to $390 per mfbm, a $20 drop (-5%) from the previous week’s $410. This price reflects a $75 decrease (-16%) from $465 one month ago and is $40 lower (-9%) than the $430 recorded during the same week in 2023. Compared to two years ago, when it stood at $455 per mfbm, the price is down $65 (-14%).
