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Price of benchmark framing dimension lumber grade Western SPF 2x4 #2&Btr KD (RL) in week ended June 24 up 18% from prior week at US$630/mbf, down 30% year-over-year: Madison's

CIBC: 2023 consensus forecasts on most lumber companies at risk of being revised 5%-15% lower given marked deterioration in US housing affordability, increased recession risks; housing sentiment expected to remain depressed for next few months

CIBC: Mid-week update published June 28 shows continued recovery in lumber prices, with W. SPF up 3.3% since June 24 to US$620/mbf, SYP 2x4 up 1.8% to US$570/mbf; OSB pricing down 2.7% to US$365/msf in North Central, and flat in South East, Western Canada

RBC highlights wood products news for the week (June 27): Lumber prices up but OSB prices continue to dip; LP to sell Engineered Wood Products business to Pacific Woodtech; Uniboard to expand Val-d’Or, Quebec, plant; BID to acquire Smith Sawmill Service

AAM Investment Group subsidiary Australian Softwood fined AU$262,000 over 2019 death of worker; truck driver was struck by 580kg pack of timber while loading vehicle at Allied Timber Products sawmill in Raglan, New South Wales

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