As Labor Day approaches, conflicting reports continue to dominate lumber markets. Today, traders are eyeing with interest Canadian lumber production numbers for June – up almost 11% compared to June 2014:
Lumber production by sawmills increased 5.5% from May to 5 618.5 thousand cubic metres in June. Compared with June 2014, lumber production rose 10.9%.
Sawmills shipped 5 804.7 thousand cubic metres of lumber in June, up 6.3% from May. Compared with June 2014, shipments rose 6.4%.
– Statistics Canada here
2 thoughts on “Lumbering Along..”
Tracking First 8 months shipments of lumber into USA – B.C. Shipments up 2.8% = Canada as a whole up 3.24%
Thanks, that shipment data seems in step with positive economic/housing indicators south of the border.
I found Paul Jannke’s forecast at LBMJournal last week interesting: