November 17, 2022: Market Continues to Drift Down, Remains Steady
Justin Binning and Ken Timmins with American International Forest Products (AIFP) provide a snapshot of the current lumber market. Supply continues to remain strong against demand, but lumber curtailments will likely kick in soon which may have a slight impact. Both guests believe the market will remain stable in the near term, with certain grades and sizes experiencing periodic tightening. Transportation is more reliable as well, meaning buyers should be able to exercise the purchasing strategy they are most comfortable with at the moment. Justin has been with AIFP since 2010 with a focus in Southern Yellow Pine and Ken has been with AIFP since 2017, specializing in Fir species. Both specialize in high grade lumber for the component manufacturing industry.