lumber mill production

United States of America - Lumber futures traded on the CME boards made a way back into the $600's on July contracts Wednesday. Orders began to pick up steam last week and inventories moved after a stalled winter and spring as most builders sat on the sidelines. The United States has been enjoying lower prices on lumber during the busy spring…

Weldon, North Carolina- Recent news from Canfor Lumber suggested that it has retreated its plans in Georgia as North Carolina and it’s Halifax County commissioners were putting together an incentive package to retain the Roseburg project. Roanoke Valley Lumber was code named ”Project Big Rock” by local North Carolina officials. The Lumber…

CHARLOTTE, NORTH CAROLINA- Huber Engineered Woods LLC (HEW), a subsidiary of J.M. Huber Corporation, announced today the construction of a new $440 Million oriented strand board (OSB) facility in Cohasset, Minnesota. The addition of the plant will allow the company to increase production of its innovative ZIP System® and AdvanTech® structural…

“Agribusiness remains one of our key industries for growing Louisiana’s economy, and our state offers unique advantages that attracted Canfor here,” said Governor John BelEdwards, State of Louisiana. “This major new manufacturing project can resonate across the region’s economy in a variety of ways. We welcome plans for this foreign direct…

Lumber Futures have been on a downward trend with hints of volatility still heavily mixed in. Eye of the Storm??? Lumber brokers across the country have signaled what they believe to be a trend heading downward for lumber prices and report it to be a time to purchase inventory for building supply companies. While it is possible that this may…

At a time when lumber prices are sky high, the United States was met with a proposal from Mexican President Andres Manuel López Obrador. He suggested that the American government should provide temporary work visas to those who participate in a tree planting program that is soon expanding into Central America. The program is called “Sembrando…

On April 9, US lumber prices reached an all-time record close of $1125 per thousand board feet. Compared with the pre-pandemic price of $381, this represents an increase of over 180%. According to AGGRECOST, a single-family home in the US is now $26,800 more expensive due to the effect of lumber prices, before considering the impact of other…