New Madison's Lumber Prices Index for week ended May 12 is US$388.4/mbf, down from prior week's US$392.5/mbf

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VANCOUVER, British Columbia , May 15, 2023 (press release) –

The Madison’s Lumber Prices Index for the week ending May 12, 2023 is: US$388.4 mfbm

This is down by -1.04%, or -$4.05, from the previous week when it was US$392.5


Interestingly, this week matches exactly with the same week in 2020.



For information regarding the construction of this Index (species mix, weighed averages) please go here:



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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