As 2023 finishes out… SYP lumber prices have experienced a slow but steady decrease across most of 2023. At the start of the year, prices posted right around the $400/MBF level. Price levels then fluctuated within the $400 to $500 range, with the high point occurring in March and low in November. Toward the end of September, prices dropped below $400/MBF and have remained under that threshold since then. These levels reflect lows not seen since 2019. …Stabilization in pricing, within a $100/MBF or so range, suggests a calming trend this year. However, the ongoing price drops reflect both an ample supply of lumber feedstock and some economic anxiety from manufacturing and other industries. The decrease in prices in the SYP lumber sector reflects a broader level of uncertainty across the economy.