Widman’s Market Update

Cash markets remain on hold, as mills struggle to locate buyers and continue to wrestle with logistical challenges. Home builders are perpetually entrenched in a non buying mode, while home center activity begins to rise. Curtailment rumors are gaining speed. WSPF #2&btr 2x4s are quoted in an unexpectedly lower range for this time of the spring building season between $315 wholesale – $320 mill per Mbf. Quotes at this time last year were on a significant rise, trending much higher in a range of $550 – $560 per Mbf. Pent-up demand continues to be tighter than a cork. Buying/prices appear poised to pop as curtailment news seem inevitable leading to the likely spark this market will need.