U.S. softwood timber prices continue to climb

Compared to the price one-year-ago, of US$402 mfbm, last week benchmark softwood timber item Western S-P-F KD 2×4 #2&Btr was selling for US$944 mfbm which is +$542, or +135% more.

Unstoppable demand over the Holiday Season pushed prices relentlessly higher, for the week ending January 8, 2021 benchmark softwood timber commodity item Western S-P-F KD 2×4 #2&Btr prices rose to US$944 mfbm, which is up another +$70, or +8%, over the previous week, said Madison’s Lumber Reporter. Last week’s price is +$324, or +52%, more than it was one month ago when it was $620.