Lumber prices in future months?

[cj7zrcool]

Received this today from a trader group we get reports from every week:

OSB


Prices are still on a solid footing as buyers are picking up loads to meet growing demand. Order files at the mills range from next week to well into October. With the steady demand we should see prices continue to be up on Friday.

Plywood


Trading has been active this week as buyers sought coverage for upcoming needs and in some cases were having difficulty securing coverage. Mills are off the market in some cases and trying to regroup and have pushed order files into mid-October or further. We should see prices higher on Friday.

SYP


The market is chugging along and making small gains as buyers make purchases to cover what they need for the immediate future. Narrows are showing solid demand and we are seeing the wides start to get a little scarce with all the rain causing delays in logging. We should see prices up a bit as we close the week.

SPF


Mills are starting to build order files into October and firming prices as we go along. Some prompt loads were available on the secondary market, and those usually went quick; if you hesitated too long the load was gone. We should see prices continue to be up at the end of the week.

Doug Fir/Hem Fir


Buyers are replenishing, but not at the rate of previous weeks. Most were looking to pick up quick shipping loads and not willing to wait on extended lead times. We should see prices up higher as we end the week.

Different trader report showing the increase today:

Sales were robust in the lumber markets this week. Mills sold steadily and rose prices. Distribution and wholesalers also enjoyed an uptick in business, and by the end of the week, many items were virtually impossible to find.



#2 Yellow Pine:
2x4 +21
2x6 +19
2x8 +20
2x10 +15
2x12 +19

*Mill inventories were bought up and most had to go off the market by the end of the week

*2x4’s are extremely scarce…..16’s are nowhere to be found

*Wet weather has made logging difficult and 2x8-2x12 are hard to find

*The DIY sector has picked up and the mills are fighting exporters for already limited logs



SPF:
2x4 #2 +26
2x6 +13
2x4 #3 +10

*Mills had very little to offer this week and easily sold anything they could show

*2x4 14’s are tight again and reload inventories have disappeared

*2x6 16’s have become tight and reload inventories have disappeared



#2 KDDF Solid Studs:
2x4 92’s +20
2x4 104’s +30
2x4 116’s +35
2x6 92’s +15
2x6 104’s +25
2x6 116’s +25

*Mills had a good sales week and pushed order files to mid-October

*Multi-family inquires were heavy with lots of jobs starting in the 4th quarter and 1st quarter of 2022



Finger Joint Studs:
ES-LP +30
Western SPF +25

*Rising costs have mills pushing prices higher

*Inventories are extremely limited at the local and mill level



Long Length Green Doug Fir:
2x6 22’-28’ +10/+20/+20/Flat
2x8 22’-28’ +15/Flat/Flat/+10
2x10 22’-28’ Flat
2x12 22’-28’ -10/+10/+5/+20

*Mills sold steadily all week

*Broken tallies are still available, but inventories are very light at the local and mill level

[cj7zrcool]

Same trader:

It was another crazy week in the panel markets. Order files pushed out as buyers scrambled to find coverage. Some items became extremely difficult to find, and prices pushed up hard.



OSB: 7/16” +10 15/32” +10 19/32” Flat 23/32” Flat

*Mills had very little to sell this week

*Enhanced Flooring products remain very difficult to procure



Plywood: 3/8”-23/32” PRS +10/+20/+60/+70 23/32” STF +30 ¼”-23/32” Sanded BC +10 Pine Sidings printed flat

*Mills were off the market on many items all week

*All thick panels have become almost impossible to procure

*Order files are through October at some plywood mills

[Native Texan]

Loggers are working around the clock clear cutting on my East Texas lease, and they aren't leaving much wood of any kind on the ground. Current high lumber prices seem have them cutting smaller trees than they usually do too.