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Market Brief

The following observations are excerpted from the October 2 Weekly Hardwood Review: Log supplies were good to abundant across all producing regions. Even mills across the North that struggled with wet weather through much of the summer now indicate they are filling up. Still mills said their log piles were expensive relative to lumber, and one Appalachian mill said it couldn’t get enough good White Oak logs to produce the quality of lumber its customers demanded. Domestic lumber sales were steady, while export sales continued to “open up” for most contacts. Several contacts said lumber sales slowed in the second half of September, and some worried about the durability of Chinese demand. For most species, demand and pricing for green lumber is now firmer than for KD, with yards reportedly trying to build inventories or just buy enough green lumber to keep their kilns full.