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Madison's Lumber Prices Index for week ended June 23 is at US$442.0/mbf, up 5.2% from prior week's US$420.0/mbf

VANCOUVER, British Columbia , June 26, 2023 (press release) –

The Madison’s Lumber Prices Index for the week ending June 23, 2023 is: US$442 mfbm

This is up by +5.2%, or +$22, from the previous week when it was US$420.

 

 

 

 

 

 

 

 

For information regarding the construction of this Index (species mix, weighed averages) please go here:  https://madisonsreport.com/madisons-lumber-prices-index-a-powerful-tool-for-data-driven-decision-making/

 

 

A note on this new index from Madison's Lumber Reporter: 

 

The Chicago Mercantile Exchange has made a change to Lumber Futures.
On Monday, May 15 the traditional futures trading board is being retired, and the new futures (which was started a year ago) will be the only ticker. As such, there will be no historical comparison beyond mid-2022.

The new Madison’s Lumber Prices Index is constructed using the same species as Futures (WSPF, ESPF, Douglas fir, Hem-Fir), with weighed averages based on the North America production volume ratio over the past few years.

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