|Several mills are cutting back production in an effort to stabilize falling lumber prices and escalating log prices. Deteriorating market conditions led to the decision of the mills to reduce production to allow the excess of material on the ground to be used as well as balance supply and demand.
Limited supply promotes the rebounding of market prices. After the market finds the bottom, the prices typically shoot up fairly quickly vs. a gradual increase. If you have been on the sidelines waiting for the bottom, call your Trio Sales Team member today to discuss your current purchasing strategy and next steps.
A special request to keep the mill workers in mind: Most mills are calling for a 20% curtailment in production through reduced shift hours, 4 day work weeks and extended weekends and holiday breaks. Strike developments are also present. Let’s keep them in our thoughts and hope recovery happens quickly so as the holidays approach, regular work schedules return.