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Market Brief

July 19, 2019 – “Business is terrible,” said one sawmill, while another said, “I don’t think I’ve ever felt the industry in as deep a funk as it is in now.” Wet weather has brought log supply problems back to the northern parts of the Appalachian Region, and a Pennsylvania mill said, “Landowners are now giving extensions on purchasing contracts for timber bought a year ago to try to keep mills from backing out given what has happened to lumber prices.” Tie markets were strongest in the North and South, with an occasional report of some softening in between.