Southern Yellow Pine Lumber Prices Hold Much Steadier Through Q1, 2023

Forests2Market Blog
March 23, 2023
Category: Finance & Economics
Region: United States, US East

Weighted MBF southern yellow pine lumber has remained fairly steady thus far in Q1 2023. With the high variance in prices over the past several years, the steadying suggests some financial stabilizing within the recently volatile market. Prices have fluctuated within a $100 range since the start of 2023. The amounts are about 11% higher than both 2019 and 2020 prices. Current prices also fall in stark contrast to the much less stable ones seen in 2022 and 2021. Both years started with prices far above current ones – about 42% higher, in fact. …As the chart shows… the current numbers are holding steady after hitting a Dec. 2022 low not seen since the pandemic first hit in 2020. These drastic rises and falls in recent years seem to be calming thanks to several interventions to help curve the continuing rise in inflation. Other markets impacting southern softwoods have seen similar steadying across Q1 2023.

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