Widman’s Market Overview

Cash markets were still eerily quiet following the long weekend holiday on Monday for Canada. Mills received counters openly, edging price lists downward in an attempt to pull buyers off the fence. WSPF #2&btr 2x4s are quoted sub $300 per Mbf in a range of $295 wholesale – $305 mill. Quotes at this time last year were at their record peak for 2018, trading in a range of $650 – $660 per Mbf. Late spring storms and very wet conditions will eventually abate, allowing the more heavily populated Northeast and South to finally kickoff building starts giving us a true sense of what demand in 2019 will be. For now, the market is oversupplied and prices remain vulnerable.