How to Read Random Lengths

Transcription

HOW TO READ
Your Guide to Understanding
Wood Products Markets and Prices
Introduction
At Random Lengths, we strive to make it easier for you to
understand the complex, diverse markets for softwood products.
The more you know about our publication, the easier this goal is
to achieve. This booklet will help you better understand and use
the Random Lengths Weekly Report, an important information
tool for anyone involved in the industry and its markets.
Random Lengths provides an independent view of markets
for wood products in a compact, easy-to-read newsletter. This
means you can spend just 10 minutes each week with Random
Lengths to keep abreast of market and industry news and trends.
The company is independently owned and is supported almost
entirely by subscription revenues. Our staff, which has been
observing and writing about the industry for many years, is not
allowed to engage in wood products trading. This combination
of independence, objectivity, and professionalism gives readers a
unique perspective on the industry and its markets.
Space will not allow for all of the many questions about Random
Lengths to be addressed in this brochure. If you have questions
about Random Lengths or about the markets, please feel free to
contact us at:
Random Lengths Publications, Inc.
Mail: P.O. Box 867, Eugene, OR 97440-0867
Phone: 541-686-9925 • Fax: 541-686-9629
Toll-Free Phone: 1-888-686-9925 (from the U.S. and Canada)
Toll-Free Fax: 1-800-874-7979 (from the U.S. and Canada)
Email: [email protected] • Website: www.randomlengths.com
Table of Contents
Page(s) in
Random
Lengths
“Through A Knothole”
Page(s)
in this
brochure
1-3
Answers to Questions
About the Prices Published
in Random Lengths
Lumber Price Guide
Panel Price Guide
Market Commentaries
Market Indicators
Canadian Average Daily
Shipments to the U.S.
Product and Species Composites
Production, Sales, Shipments
What’s on our website at
WWW.RANDOMLENGTHS.COM
Other Sources of Information
Glossary
2-4
4-5
5-8
5-7
12
7
4, 9, 10, 11
8-9
4 and 11
8-9
4
9
9 and 11
9
10
9
9
10
10-12
Your source for all the news
affecting the markets
in “Through A Knothole” and the space to devote to each topic.
If you would like to see a subject covered in “TAK” or see the
need for greater coverage of a topic, feel free to contact Random
Lengths with your ideas.
“Through a Knothole” is a collection of news and analysis covering a variety of topics related to the industry. Over the course
of the year, it provides you with a combination of market information and analysis that cannot be found in any other single
source. Subjects covered are wide-ranging, but always related
to the wood products industry. This “feature story” section of
Random Lengths includes both current news and background
stories. Charts and graphs often accompany the articles.
Retail Market Indicators for July 2013
LUMBER
7 Midwest
Jul
5-year average
average
2008-2012
2013 2012 Jul
Aug
Structural Panel Composite Price
Oriented Strand Board Composite
Southern Pine Plywood Composite
Western Fir Plywood Composite
1/4" AC Ext (Western)
3/8" CD Ext (Western)
1/2" CD Ext (Western) 4-ply
23/32" UL (Western)
11/32" BC Ext (Southern-West)
15/32" Rated (Southern-West) 4-ply
23/32" UL (Southern-West)
7/16" OSB (N. Central)
7/16" OSB (Southwest)
1/10" CD Veneer Mix
5/8" Particleboard (Western)
383376309323
301281223243
543523444452
577579495505
573501428432
308345273281
381425325340
670635542547
475430364362
378396324336
650621515523
256258198219
230237186201
46.0046.2536.7537.00
300279268267
Page 2, How to Read Random Lengths
6
5
5
4
4
4
3
3
3
2
2
3
2
7 South Atlantic
7 South Central
7 South Atlantic
MJ J A S OND J FMAMJ J
12
13
7 South Central
6
6
6
6
5
5
5
5
4
4
4
4
3
3
3
2
2
2
12
13
12
13
12
13
12
13
3
2
7 West
7 U.S.
7 West
12
13
7 U.S.
6
6
6
6
5
5
5
5
4
4
4
4
3
3
3
3
12
13
12
13
Graphs and charts of industry trends and data are frequently published in “Through a Knothole.” Regular features in “TAK” include:
Retail Market Indicators
(above) A snapshot of lumber and panel activity at the retail
level, derived from a monthly survey of a nationwide sample of
dealers. A set of 12 charts tracks retailers’ expectations and inventory levels, broken down by region. Published each month.
Monthly Averages
(below) These tables of monthly price averages for key lumber
and panel items are published in the issue closest to the beginning of each month. The tables allow you to compare the current year’s price levels to the previous year’s. Five-year averages
indicate month-to-month trends, so that you are aware of recent
seasonal trends. Added to the tables are averages for 14 product
and species composite prices.
An annual compensation survey develops information about
salaries and other forms of compensation at the manufacturing,
wholesale/distribution, and retail levels of the industry. Other
surveys cover opinions and attitudes of those in the industry on
a variety of subjects.
Custom price history reports and
on-demand graphs are available at
www.rlmyprint.com.
6
5
4
2
2
2
12
13
12
13
12
13
12
13
Results based on monthly surveys of a nationwide sample of retailers who stock softwood lumber and structural panels. Number of companies responding to a late
July survey for July data: 64. Regions: Midwest (MI, OH, IN, IL, WI, MN, IA, MO, KS, NE, SD, ND); Northeast (PA, NJ, NY, CT, RI, MA, NH, VT, ME); South Atlantic
(MD, DE, WV, VA, NC, SC, GA, FL); South Central (KY, TN, AL, MS, LA, AR, OK, TX); West (MT, WY, ID, CO, NM, AZ, UT, NV, CA, OR, WA, AK, HI).
In addition, Random Lengths conducts regular surveys, the
results of which are published in “Through a Knothole.” An annual survey of retailers develops information for an “Outlook”
article at the turn of the year. Surveys of producers cover trends
in studs and boards.
Structural Panel Monthly Averages
6
5
2
By reviewing “TAK” regularly, you will be in tune with the markets and the industry. During the year, you will find articles that
address subjects related specifically to your work or interests.
However, the diversity of the industry, the markets, and the Random Lengths readership mean that this may not be the case with
each issue.
Random Lengths also conducts other periodic surveys of its readers. This helps our
editorial staff determine the topics covered
6
2
Random Lengths’ goal is to provide you with comprehensive
coverage of industry news over the course of a year. Subject areas
covered include: market analysis, the U.S.-Canada lumber trade
dispute, housing market developments, price trends and comparisons, interest rate and financial market news, new products,
transportation, and offshore U.S. imports.
PANELS
Dealers' Sales Expectations for the NEXT Three Months (on a scale of 1-10, with 10 strongest)
Dealers' Current Inventories (on a scale of 1-10, with 10 highest)
7 Northeast
7 Northeast
7 Midwest
Framing Lumber Monthly Averages
Custom price history reports and
on-demand graphs are available at
www.rlmyprint.com.
Jul
5-year average
average
2008-2012
2013 2012 Jul
Aug
Lumber Product and Species Composite Prices
Framing Lumber Composite Price 340321270274
Random-Length Dimension
335316271277
Stud
327337269268
Low-Grade Random Dimension
242245206207
Board
577516494484
Shop and Mldg&Btr
778674632630
Coast Dry Random and Stud
322311253256
Inland
418385334335
Southern Pine
363298274275
Western S-P-F
301305253259
Eastern S-P-F
365373316318
Green Douglas Fir
353303256263
2x4 Std&Btr/#2&Btr
KD Hem-Fir (Coast)
330306254255
KD HF/WF (Inland-Spokane)
348331288294
KD Fir & Larch
340323287294
Southern Pine (West)
350325274278
Southern Pine (East)
374295264270
Western S-P-F
312294243248
KD Eastern S-P-F (Boston)
392397332336
Green Douglas Fir (Portland)
305267213219
Jul
5-year average
average
2008-2012
2013 2012 Jul
Aug
2x4 #3/Utility
Western S-P-F
235261210206
310292247254
225250209209
204197171168
2x10 #2&Btr
KD Hem-Fir (Coast)
343334279296
348347304321
347272253254
376283265277
2x4–8' Studs
KD Hem-Fir (Coast)
KD Fir & Larch
Southern Pine
Western S-P-F
KD Eastern S-P-F (Boston)
Green Douglas Fir (Portland) #2&Btr
301297229225
316318250246
297296246239
290310239236
381403331329
303271223222
Boards/Shop
#2&Btr 1x12 Ponderosa Pine
#3 1x12 Ponderosa Pine
#3 5/4 Ponderosa Pine Shop
#3 5/4 Radiata Pine Shop
605528538503
500375346334
715560541537
700650585587
Random Lengths Publications, Inc. | [email protected] | www.randomlengths.com
Quarterly Price Patterns – Second Quarter 2013
Green Douglas Fir - Portland
$450
$500
KD Std/#2&Btr/#2 2x4
$500
Quarterly Product and Species Composite Prices – Second Quarter 2013
KD #2&Btr/#2 2x10
LUMBER COMPOSITES
$400
$450
$450
$450
$350
$400
$400
$400
$300
$350
$350
$250
$300
$300
$200
$250
$250
$150
2Q 12 3Q 12 4Q 12
#2&Btr 2x4-8' PET
Std&Btr 2x4
$200
1Q 13 2Q 13
#2&Btr 2x10
KD 2x4 - 8' PET Studs
$500
$600
$200
2Q 12 3Q 12 4Q 12 1Q 13 2Q 13
Eastern S-P-F (Boston)
Western S-P-F
SYP (Westside)
KD Inland Ponderosa Pine Boards
$525
$450
2Q 12 3Q 12 4Q 12 1Q 13 2Q 13
Inland Hem-Fir (Spokane)
Western S-P-F
SYP (Westside)
Panels
$475
PANEL COMPOSITES
Stud
$375
$425
$375
$350
$300
$200
$250
2Q 12 3Q 12 4Q 12 1Q 13 2Q 13
$225
2Q 12 3Q 12 4Q 12 1Q 13 2Q 13
$175
2Q 12 3Q 12 4Q 12 1Q 13 2Q 13
$600
Board
$800
Shop and Mldg&Btr
$225
$200
$150
2Q 12 3Q 12 4Q 12 1Q 13 2Q 13
2Q 12 3Q 12 4Q 12 1Q 13 2Q 13
2Q 12 3Q 12 4Q 12 1Q 13 2Q 13
Eastern S-P-F (Great Lakes)
ES-LP
1x12 #3 Common
1x12 #4 Common
1/2 CDX 5-Ply (West)
15/32 Rated
4-Ply (South)
7/16 OSB (North Central)
Western S-P-F
Custom price history reports and on-demand graphs for all Random Lengths prices are available at www.rlmyprint.com.
Quarterly Price Patterns
(above) A set of six charts shows trends for weekly prices of 17
key commodities over the most recent five quarters. Published
every three months.
The charts are Green Douglas Fir - Portland, KD Std/#2&Btr/#2
2x4, KD #2&Btr/#2 2x10, KD 2x4 - 8' PET Studs, KD Ponderosa
Pine Boards, and Panels.
Housing Indicators
(below) Four times each year, graphs of data relating to the
housing industry are published.
Regional starts and permits, sales and prices of new and existing
homes, mortgage rates, and treasury bill rates can be tracked in
a glance.
Northeast
Starts
Monthly, thousands of units (SAAR)
Midwest
200
Permits
South
600
250
100
150
500
200
50
100
400
150
0
2Q
3Q
4Q
1Q
50
2Q
2Q
Sales of New Houses
Northeast
Units
3 month
moving avg
50
4Q
1Q
300
2Q
2Q
3Q
4Q
1Q
2Q
West
100
2Q
3Q
4Q
1Q
2Q
80
25
3Q
Midwest
South
275
150
225
100
175
50
West
55
0
2Q
3Q
4Q
1Q
30
2Q
2Q
3Q
Sales of Existing Homes
1000
Northeast
Units
1400
3 month
moving avg
4Q
1Q
125
2Q
2Q
4Q
1Q
0
2Q
2Q
3Q
4Q
1Q
2Q
4Q
1Q
2Q
Midwest
South
2150
1200
800
3Q
1400
1900
1200
1650
1000
Southern Pine Plywood
$300
$475
$250
$400
2Q 12 3Q 12 4Q 12 1Q 13 2Q 13
$200
2Q 12 3Q 12 4Q 12 1Q 13 2Q 13
Southern Pine
$450
Western S-P-F
$375
2Q 12 3Q 12 4Q 12 1Q 13 2Q 13
$675
$350
$600
$250
$525
Western Fir Plywood
$350
$300
$300
2Q 12 3Q 12 4Q 12 1Q 13 2Q 13
$250
2Q 12 3Q 12 4Q 12 1Q 13 2Q 13
Eastern S-P-F
$450
Green Douglas Fir
$150
2Q 12 3Q 12 4Q 12 1Q 13 2Q 13
$450
2Q 12 3Q 12 4Q 12 1Q 13 2Q 13
5-Year Weekly Average of Composite Price
$400
$350
Weekly Composite Price as reported in Random Lengths
$300
$250
For a list of items included in each composite, go to www.rlpi.com and
click on In Depth > Useful Data > Monthly Composite Prices
$200
2Q 12 3Q 12 4Q 12 1Q 13 2Q 13
$150
2Q 12 3Q 12 4Q 12 1Q 13 2Q 13
Custom price history reports and on-demand graphs for all Random
Lengths prices are available at www.rlmyprint.com.
Quarterly Product and Species Composite Prices
(above) A set of 14 charts shows trends for weekly prices of the
14 Random Lengths Lumber and Panel Product and Species
Composite Prices during the most recent five quarters. Published quarterly.
Just as the widely used and popular Random Lengths Framing
Lumber and Structural Panel Composites provide a broad measure of price movement, the 14 other composites allow traders
to measure price trends in specific product groups and species.
The composite items are: Random-Length Dimension; Stud;
Low-Grade Random Dimension; Board; Shop and Mldg&Btr;
Coast Dry Random and Stud; Inland; Southern Pine; Western
S-P-F; Eastern S-P-F; Green Douglas Fir; Oriented Strand Board;
Southern Pine Plywood; and Western Fir Plywood.
Housing Indicators – Second Quarter 2013
Housing Starts and Permits
$675
$350
$400
$500
$100
2Q 12 3Q 12 4Q 12 1Q 13 2Q 13
$575
$350
$400
$450
Coast Dry Random and Stud
$500
$450
$500
$200
150
Inland
$450
Oriented Strand Board
$400
$700
$450
2Q 12 3Q 12 4Q 12 1Q 13 2Q 13
$550
$250
$400
$225
$600
$300
$300
$325
$275
$375
$300
$500
$275
$325
$500
$400
$350
Low-Grade Random Dimension
$300
$550
$450
$500
$400
Random-Length Dimension
West
Each item’s previous 5-year average appears behind the weekly
price line to provide a quick comparison of the product or species movement in relation to its recent historical trend.
Industry Financial Results
(below) This table presents the financial performance of selected
publicly-held wood products companies in the U.S. and Canada.
Included is a profit margin figure for each company, based on
net earnings as a percentage of sales.
1000
600
400
2Q
800
3Q
4Q
1Q
600
2Q
2Q
Houses for Sale
3Q
4Q
1Q
1400
2Q
2Q
3Q
4Q
1Q
2Q
New Thousands of units (SAAR)
Existing Thousands of units
11
12 3500
months' supply
months' supply
(right scale)
(right scale)
10
250
3000
9
300
270
New
225
260
2500
7
250
2000
5
240
1500
2Q
3
230
6
150
100
2Q
4
3Q
4Q
1Q
2Q
2
3Q
4Q
1Q
Monthly
Conventional 80% fixed rate loans
2Q
2Q
3Q
4Q
1Q
Three-month rates
0.1%
4.0%
3.5%
4Q
1Q
2Q
3Q
0.0%
150
2Q
3Q
4Q
1Q
2Q
Sources: Bureau of the Census: housing
starts; building permits; sales of new
houses; new houses for sale; median prices
of new houses. Freddie Mac: mortgage
rates. Federal Reserve Board:
three-month treasury bill rates. National
Association of Realtors: sales of existing
homes; existing houses for sale; median
prices for existing houses.
4.5%
3Q
Above data are from April 2012 through
June 2013.
5.0%
3.0%
Existing
Monthly
0.2%
5.5%
2Q
3Q
4Q
1Q
2Q
3Q
Wood Products Industry Financial Results
Sales ($ Millions)
Net Earnings ($ Millions)1
UNITED STATES Quarter Ending Jun. 30 Year-To-Date
Quarter Ending Jun. 30 Year-To-Date
175
Treasury Bills
Mortgage Rates
3Q
Quarterly, in $1,000s
200
8
200
800
2Q
Median House Prices
Monthly
Profit Stock Price
Margin3
8/14
2 1,597.2
2
2
2
Boise Cascade
852.3
16.3%
21.0%10.4
–30.7%22.6
35.3%
1.2%
$24.15
Deltic Timber
53.2 43.4%
94.8 40.0%
6.0 71.4% 12.8256.5% 11.3% $61.74
LP
572.6 33.9%1,110.140.6% 59.0 n.m. 124.4 n.m. 10.3% $16.36
Plum Creek
303.0 3.1% 643.0 1.9% 46.0 27.8% 102.0 56.9% 15.2%$46.40
Potlatch
133.2
13.4%272.5
18.5%19.2
284.0%34.7
243.6%14.4%
$42.71
Weyerhaeuser
2,141.0
19.4%
4,092.0
24.5%196.0
133.3%340.0
265.6% 9.2%$28.16
average
21.6% 24.4%
97.2%
171.6%
10.3%
CANADA (Canadian funds, except where noted)
Ainsworth
127.5 40.9% 269.353.4%
2.8 n.m. 39.3 n.m.
2.2% $3.09
Canfor
701.7 26.4% 1,358.6 32.0%
87.7853.3% 158.0 n.m. 12.5% $21.34
Conifex
64.4 15.4% 130.726.6%
2.4 n.m.
8.6 n.m.
3.7% $6.71
Interfor
274.7 21.9% 517.225.5% 15.8 n.m. 31.0 n.m.
5.8% $11.94
Norbord ($US)
365.0 34.2% 730.0 39.0%
53.0783.3% 120.0 n.m. 14.5% $30.30
Resolute For. ($US)
977.0
–5.6%
1,928.0
–2.0%18.0
–45.5%46.0
15.0% 1.8%
$13.36
Tembec
345.0 –3.1%1,024.0–2.8%
4.0 n.m. 18.0 n.m. –1.2% $2.31
Western Forest
262.3
4.3%496.1
4.5%35.7
230.6%58.8
363.0%13.6%$1.49
West Fraser
774.0
19.4%
1,520.0
25.4%107.0
181.6%210.0
740.0% 13.8%$88.91
average
12.6%
16.5%
400.7%n.m.
7.4%
1. From continuing operations before unusual items, including export taxes, and unrealized losses (gains) on US $ denominated debt (Canadian companies
only). 2. Change from previous year. 3. Net earnings as a % of sales for the quarter. Note: Tembec year-end is Sept 30. * Quarter ended December 31.
Courtesy of Duncanson Investment Research, Inc.
TOLL-FREE in U.S. and Canada: Phone (888) 686-9925, Fax (800) 874-7979
How to Read Random Lengths, Page 3
Shipments to
China
(right) This chart
appears regularly, and tracks
monthly softwood
lumber shipments
to China from the
United States and
Canada.
Shipments to China
Slowed in May, June
mmbf
400
United States
350
Canada
300
250
200
150
100
50
0
J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J
10
11
12
13
Sources: Statistics Canada, COFI, U.S. Foreign Agricultural Service. For more
information, go to www.rlpi.com. Select In Depth, then Exports to China.
North American
Lumber and Panel Output
(right) These
quarterly tables
North American Lumber Output
January - March
2013
2012
% Chg.
show historical
Coast
2,119
1,905
11.2
and the most upInland
1,174
1,099
6.8
to-date informaRedwood
142
109
30.3
U.S.
South
3,697
3,540
4.4
tion about lumber
Other
398
371
7.3
and structural
Total U.S.
7,530
7,024
7.2
B.C.
3,208
3,201
0.2
panel production
2,950
2,622
12.5
Canada East
by region. The
Total Canada
6,159
5,823
5.8
structural panel
13,689
12,847
6.6
TOTAL
• millions of board feet; 2013 figures are preliminary
table also breaks
• Sources: WWPA, Statistics Canada, SFPA
down North
American production by product
group.
Statline: A Weekly Look at Key Trends
Months’ Supply of New Homes for Sale
6
Statline
(right) An “at-a5
glance” look at key
industry trends.
4
As many as nine
weeks each quarter, 3 A M J J A S O N D J F M A M J
12
13
one of a group of
Source: U.S. Census Bureau
The inventory of new homes for sale in the U.S. fell to a 3.9
statistical series is
months’ supply in June. That matched a cyclical low that was hit
in January.
presented in chart
form. Among the
subjects: stumpage costs; housing affordability; lumber production by region; structural panel output; and lumber imports
from overseas.
Near the end of each quarter you are reminded of trends and
events that frequently take place in the markets during the coming quarter.
One of the most widely read sections in Random Lengths, “Yardnotes” covers news of companies and individuals in the industry.
Also included are announcements of meetings, conventions, and
seminars. Items are submitted to Random Lengths by readers
and published in “Yardnotes” free of charge.
Yardnotes may be called in to the Random Lengths staff toll-free
at (888) 686-9925 in the U.S. and Canada, or (541) 686-9925;
faxed to the editorial offices toll-free at (800) 874-7979 in the
U.S. and Canada, or (541) 686-9629; or sent via email to rlmail@
rlpi.com, or [email protected].
Answers To Questions
About The Prices Published
In Random Lengths
What do those prices mean? How does Random Lengths arrive
at the reported prices? Whom does Random Lengths contact for
its information?
These questions, and many more related to them, are frequently
asked and discussed. Here are a few answers ...
What does a price published in Random
Lengths represent?
Prices reported are judgments of the market prices just prior to
publication of the weekly report. Each price shown falls within
the range of prices reported by those sources contacted. A reported price is a representative trading level for the item just
prior to publication. It is a price at which, in the judgment of
Random Lengths, a manufacturer and a buyer could have negotiated a transaction for a particular item.
A price reported by Random
Lengths is a benchmark, or
indicator, of the general trading level of an item at the
time of publication.
A reported price is not an
average of the prices reported
to the Random Lengths staff.
It is not the price for the
item for the week following
publication (that is, it is not
a projected price for future
transactions). It is not the
only price at which transactions took place during the week of
publication.
Prices reported in Random Lengths represent transactions between manufacturers and their customers. Most are reported on
an “f.o.b. mill” basis, but some prices are reported on a “delivered” basis. These delivered prices are indicated by footnotes in
the price guide.
The footnotes in the Random Lengths price guides
are important to readers wishing to understand the
prices being reported.
The price for each actual transaction is subject to many variables
— stock quality, the quantity involved, tallies, shipping time,
shipping method, mill location, and the respective needs of the
seller and buyer. Each week, thousands of transactions take place
in which the many variables come together to determine prices.
Are wholesale selling prices considered when
Random Lengths determines reported prices?
Why do Random Lengths prices always seem
to lag the market?
No. Random Lengths is not concerned with wholesale selling
prices when determining reported prices. The price guides report prices that represent purchases buyers made from producers during the week of publication.
Random Lengths provides a historical record of prices. It does
not predict future prices or trends. As a result, reported prices
lag the market to an extent determined by how rapidly prices are
moving up or down.
Should contracts be based on Random
Lengths?
If Random Lengths publishes $300 for Item X,
does that guarantee I can buy or sell it at that
price?
No. Random Lengths reports prices during the week of publication. The price guide provides a historical record as soon as it
is released. As pointed out above, prices may lag the market depending on how rapidly they are moving up or down. Reported
prices represent transactions prior to the time of publication.
Random Lengths does not anticipate the prices at which producers may sell after the price guide has been released.
How does the Random Lengths staff obtain
its information?
Editors on the staff contact sources who are directly involved in
selling or buying the products. The number of sources contacted
varies, depending on the product group. Some sources are contacted each week, some are contacted every two or three weeks,
and some are contacted on an irregular basis.
Sources of price and market information range from large corporations to small, single-mill operations, and from large wholesale/distribution firms to one-person wholesale offices. Calls are
made to buyers as well as producers to get equal input from both
sides of the trading table.
For both legal and ethical reasons, Random Lengths does not divulge the names of its sources of information. Random Lengths
will not and does not act as a conduit for price information between individual producers and customers.
The types of buyers contacted include office wholesalers, stocking distributors, co-ops, and buyers for treating operations
and secondary manufacturing plants. Retail buying offices that
are not buying directly from mills are not contacted; however,
sources can include centralized buying offices for retail
operations.
In addition to phone interviews, Random Lengths’ editors receive price and market information from sources via fax and
email. Even though the staff is the largest of its kind, time constraints make it impossible for Random Lengths to contact each
of the thousands of producers and buyers in the industry. Potential sources who wish to participate regularly in the Random
Lengths surveys are invited to submit market information via
the toll-free fax number, (800) 874-7979.
Random Lengths discourages this practice. We understand that
contracts to ship agreed-upon volumes based on third-party
pricing are an attractive way to smooth the flow of products.
However, the quality and amount of information that Random
Lengths, or any third party, can obtain in a given week can vary
tremendously. It can never substitute fully for the “hands on” experience of those involved continually in the market.
I have other questions about Random
Lengths. Who can answer them?
Random Lengths can! We welcome all questions and inquiries
about our publications. And, we’re easy to contact.
You can: phone toll-free in the U.S. and Canada at (888) 6869925, or call (541) 686-9925; fax toll-free in the U.S. and Canada
at (800) 874-7979, or fax (541) 686-9629.
You can also write P.O. Box 867, Eugene, OR 97440-0867, or
contact us via email at [email protected].
The Random Lengths
Lumber And Panel
Price Guides
To understand the Random Lengths Price Guides, it is important that you know the basics of industry terminology. Please
refer to the Glossary (pages 10-12) for definitions of words and
abbreviations that appear in the price guides.
Lumber prices are reported on a “per thousand board feet” basis.
Panel prices are reported on a “per thousand square feet” basis.
Shingles and shakes are reported on a “per square” basis.
You should also refer to the footnotes that appear in
the Random Lengths price guides on a regular basis.
The price guides change periodically in response to changes at
the producing level and in the market. Major changes are noted
when they occur, usually with explanations of the changes in
“Through A Knothole.”
Normal industry practice allows for customers of the manufacturers to discount payment, when payment is made within 10
days. Many producers allow for a 1% discount, although payment terms can vary. The prices in the Random Lengths price
guides have not been discounted to reflect the “cash discount” or
any other discount based on payment terms.
The fact that Random Lengths reports Lumber (or Panel) Item
X at $300 does not necessarily mean that a buyer can go to producers of that item and find Lumber Item X for that price. This
is because the prices reported represent transactions prior to the
date of publication (Fridays, unless a holiday alters the publication day).
Many lumber and panel items are not reported in the Random
Lengths Price Guide. There are several reasons for this. The
items may not be produced in sufficient volumes or by enough
manufacturers for the items to be traded in a truly open market.
Lumber Price Guide (Pages 5-8)
ce Guide
LumberWePeklri
y Price Changes
Lumber
The item at the bottom of Page 7 is important:
“PRICES ARE PUBLISHED AS A GUIDE ONLY to sales at the
manufacturer level in carload or similar volumes during the
week of publication. No attempt is made to predict future prices
or trends. Specific sales, because of variations in stock quality
and tallies, result in prices that are higher or lower than those
published. The analysis is based on sizes and grades that conform to Product Standard 20-10 and on surfacing, grade-marking and discounts that conform to general industry practices; on
stock that originates in the principal producing region for each
species; and on random-length loadings that contain a normal
assortment of the lengths most desired in each size.”
Page 5
Four sections of prices appear on Page 5 under “FRAMING
LUMBER.” Prices for kiln dried, or “KD,” lumber appear first.
Prices for green, or “unseasoned,” lumber are shown in the next
section. The block of prices to the right of the green section are
for “Structural Light Framing.” In this small section, both kilndried and green items are covered and are noted accordingly.
Stud prices are grouped in a section at the bottom of the page.
Prices reported under Framing Lumber on Page 5 represent
prices for random-length loadings and studs. Framing lumber
is also often referred to as “dimension.” Those prices shown for
Studs (2x3s, 2x4s, and 2x6s trimmed to specific lengths, usually
from 7 to 10 feet) are clearly noted.
PET stands for “precision end trimmed.” Most “eight-foot” studs
are trimmed precisely to a length of 92-5/8 inches; however, several other trim lengths are regularly used.
8/9
r
2x4 Std/#2&Bt )
This Chg 3
s
8/16 Week Week
+5
0
0 +10
0 +10
–2
–2
+5
0
+7
+2
–3
+3
+2
–2
+3
+2
+5
KD Hem-Fir (Coast
-Spokane) +5
KD HF/WF (Inland
0 +10
0
KD Fir & Larch
0
(West)
+5
KD Southern Pine
0
+2
KD Western S-P-F
+3
)
(Boston
+2
KD Eastern S-P-F
–8
(Toronto)
+4
KD Eastern S-P-F
0
(Portland)
Gr Douglas Fir
ings
Unitized Load
Random
2x4 Std.&Btr.
2x4 #2&Btr.
2x6
2x8
2x10
2x12
2x4 #3/Util
2x6 #3
2x8
2x10
2x12
This Chg 3
2x10 #2&Btr
(West)
KD Southern Pine nd)
(Portla
Gr Douglas Fir
2x4 1650 MSR
apolis)
(Minne
Western S-P-F
+6
+5 +12
2x4 #3/Util
+6
–3 –10
–5
–2
–30
–10 –10 –10
–8 –20
–2 –10
–6 –11
0
KD Hem–5
(GL)
–5 –10 –15
KD Eastern S-P-F
0
(Portland)
Gr Douglas Fir
+10 +10 +30
Boards
0
rosa Pine +10
0
0
#3 1x12 Ponde Shop
0
0
rosa
0
0
#3 5/4 Ponde
0
SYP R.E.D.
rn S-P-F
–49 KD Westee-Lodgepole
+5 KD SprucFir (Coast)
+23
+2 +12
+5 +25
–8
–5
0
0
+4
+10
KD Western S-P-F
-Spokane) +10
–3
KD HF/WF (Inland (West)
0
0
KD Southern Pine nd)
0
(Portla
Gr Douglas Fir
This Chg 3
8/16 Week Weeks
8/9
Studs
s
8/16 Week Week
8/9
–12 –20 –17
+5 +5
–5
Std 5/4x6-16'
d Feet
LUMBER
Thousand Boar
• Dollars Per
FRAMING
rwise Noted
s, Unless Othe
f.o.b. Mill,
• Prices Net,
U.S. Fund
TOR-
Spruce-Pine-Fir:
Eastern8 GREAT9,11 ONTO10
11
Western6,11 GO8 ATLANTA8 BOSTON LAKES
—
—
Southern Pine:
—
4 MILL7 CHICA
3
—
411
Inland Whit6
—
Doug- Fir &6 SPF-S5,6 WEST2 CENT EAST
422
—
405
Fir :
—
—
426
402
—
Coast or Hem- 1 REDDING1 las Fir6 Larch
405
13
409
—
ANE
400
392 328
— 370
413
370
Hem-Fir6 SPOK
392
—
366
KILN DRIED
DIMENSION e Fir
—
350
342
327
390
433
260
255
250
260
265
380
390
392
345
410
455
270
260
235
235
235
360
345
330
395
435
275
265
250
250
260
365
373
340
405
440
260
265
255
260
270
380
375
375
390
—
350
—
400
—
430
270
270
265
260
—
235
—
235
—
235
NE2,4
Red Cedar
348
314
319
409
315
277
260
252
268
344 321 312
327 321 318 12
358 394 405
428 440 465
295 310 274
275 250 216
260 235 240
255 245 250
295 255 258
392
395
491
554
351
296
317
336
347
416
515
582
372
317
338
360
375
402
483
—
310
288
—
—
—
396
480
—
346
317
—
—
—
487
—
315
297
—
—
—
MONTREAL10
—
401
395
410
486
—
297
275
—
—
—
also
in Ga., Fla., S.C.;
area;
River. 4–Mills
George, B.C.,
the Mississippi
from the Prince
and La. east of
485 ;
7–Shipments
in Miss., Ala.,
12–Toronto River. 3–Mills
wrapped stock.
taxes included.
are for paperof the Mississippi
plicable export
West. 6–Prices
and La. west
included. 11–Ap
Tex., Ark., Okla., based on mills in the Inland nadian funds, GST not
in
s
2–Mill
es
10–Ca
areas indicated.
higher. 5–Pric
Ohio, W. Pa.
1–From freight
are 10-15
delivered. 9–N.
RL 10/20'
where prices
ed. 8–Prices
N.C. and Va.,
cts not includ
Fir & Larch SPOKANE
t: 4-6
1,2
freight contra
Std&Btr deduc
mill returns on GST not included. 13–For
Eastern S-P-F
LAKES
1
515
BOSTON GREAT
Canadian funds,
Western S-P-F PHOENIX
2x4 2400f
510
LIS
415
480
f
Western
to: MINNEAPO
MING
L LIGHT FRA
STRUCTURA
ENSION
GREEN DIM
Douglas Fir:
Random
2x4 Std.&Btr.
2x4 #2&Btr.
2x6
2x8
2x10
2x12
2x4 Utility
2x6 #3
2x8
2x10
2x12
1
PORTLAND
310 3
315 3
320 3
325 3
405
380
220
195
190
190
190
1
N. CALIF.
325
335
340
340
415
410
—
—
—
—
—
delivered
2x4 2100f
2x4 1650f
2x6 2100f
2x6 1650f
5
735
—
815
855
930
1,120
250
285
—
—
—
453
460
471
470
559
532
—
—
—
—
—
WEST
2x4 #1
2x6
2x8
2x10
55 2x12
ane stock, add:
STUDS
KILN DRIED
&
d Doug- Fir
Coast Inlan
Fir las Fir Larch
Hem-Fir Hem—
—
—
—
—
—
ESLP
—
—
512
488
500
458
502
478
490
448
Southern Pine
3–For light-w
taxes
2–Delivered rail.
licable export
areas indicated. and Canadian mills. 5–App
1–From freight
ents from U.S.
4–Prices for shipm ian stock.
included on Canad
The first page of the Lumber Price Guide (normally Page 5) includes “Weekly Price Changes.” This box allows you to quickly
spot the price trends of key items over the past three weeks. The
items in the Weekly Price Guide box were selected because they
are bellwether items in the various producing regions.
Please refer to the Glossary (pages 10-12) for definitions of the
species and regions.
5
3
August 23, 201
from:
CENT
EAST
429
389 410
—
377 383
—
345 363
—
374 418
—
465 499 included.
1–Applicable
2–RL 10/16'
export taxes
330
—
407
—
359
2x4 1800
465
460
2x6 2400f
—
395
2x6 1800f
450
White Fir
DRIED
GREEN KILN las Fir & or Hem-Fir
Doug
ANE
Douglas
Larch SPOK
Fir
—
Fir
392
2x4 #1&Btr.
—
.
2x4 Sel. Struc
385
.
2x6 Sel. Struc
—
.
2x8 Sel. Struc
—
.
2x10 Sel. Struc
—
.
2x12 Sel. Struc
425
—
—
—
—
—
415
—
415
480
495
530
480
495
495
500
510
DS
GREEN STU
6
Douglas Fir
PORTLAND
#2&Btr
295
7
2x4-8' PET
328
' PET
335 2x4-9
320
360 355
377
— 2x4-10' PET
—
285
340
' PET
— 352
360 9 2x6-8
375
354
PET
374
'
— 2x6-9
380 390
—
345
—
PET
0'
—
2x6-1
—
364
402 374
—
423 402
—
—
GERJOINTED
—
—
334 FIN
342
376
— ES-LP
— 377
—
335
—
'
—
— 2x4-8
—
—
335
340
'&10'
— 342
375 9 2x4-9
384 370
— Fir & Larch
396 398
—
335
—
—
—
381 2x4-8'
335
388
407
— 2x4-9'&10' 8
436 402
—
S-P-F
—
ern
—
— West
—
—
307
—
—
2x4-8'
—
es delivered.
384
GO3
included. 3–Pric
Spruce-Pine-Fir:
ern8
South- West2
ATL3
CHI3
ern Pine1 MILL
428
—
—
470
—
470
Eastern3
BOS8
GL4,8
TOR5
MON5
282
—
280
2x3-8' PET Stud
—
380
— 295 295
303
—
305
2x4-7'6" Stud 7
—
—
—
402
325
300
—
—
2x4-8' PET Stud
422
&Btr. 292
— 345 340
345
—
365
2x4-8' PET #2/#2
—
—
—
—
—
Stud
340
—
—
2x4-9' PET
—
—
—
&Btr. 325
—
—
—
—
2x4-9' PET #2/#2
—
—
—
—
—
330
—
—
2x4-10' PET Stud
—
305
—
375
&Btr.
—
295
—
—
2x4-10' PET #2/#2
—
315
—
315
—
—
—
345
2x6-7'6" Stud
—
—
—
415
335
Stud
308
PET
—
—
2x6-8'
—
&Btr. 300
—
— 370 340
—
385
2x6-8' PET #2/#2
—
—
—
—
—
380
CHICA
—
—
cts not
included.
2x6-9' PET Stud
—
360
freight contra
export taxes
on
—
s
&Btr.
360
area; mill return add: 15-30 8–Applicable
—
2x6-9' PET #2/#2
George, B.C.,
8',
.
&Btr. 330
from the Prince d, Ore., freight area. 7–Full
n Agreement
2x6-10' PET #2/#2 l zone production. 2–Shipments
Portlan
of the Subscriptio
included. 6–From
centra
not
the conditions
and
y free trial.
GST
tside
funds,
1–Wes
ed except under
print.com. 30-da
Pa. 5–Canadian
ion is not allow
at www.rlmy
4–N. Ohio, W.
ble
smiss
availa
retran
are
.
duction and
m Lengths
9–93-1/4-inch
ations, Inc. Repro
repor ted by Rando
Public
hs
prices
all
Lengt
for
2013 Random
mand graphs
Copyright ©
ts and on-de
histor y repor
Custom price
The framing lumber prices on Page 5 represent sales of loadings
that contain assortments of lengths that are normally accepted
in the marketplace. “Normal length assortments” may vary from
one species to another, but usually include lengths of 8, 10, 12,
14, 16, 18, and 20 feet. A length assortment is commonly referred to as a “tally.”
Page 6
Specified Lengths
Some lumber producers serve buyers who wish to specify precisely how much of each length they want in their purchases.
Most prices in this section represent such transactions. This
practice is most prevalent in the Southern Pine region.
Prices under the “Spruce-Pine-Fir, Western” section are for
“straight length loadings,” which are railcars or truckloads of a
single length.
“Douglas Fir, Green, Portland” prices for specified lengths are
for sales from the “Portland” freight rate area. The footnoted
“22’ & 24’ only” shows prices of 22-foot and 24-foot lengths
produced by those mills that are unable to provide 26-foot and
28-foot lengths.
Delivered Price Comparisons
This section compares the delivered costs of key items of random length dimension and studs in major markets.
The small print at the bottom of the section is
important in understanding what the prices in this
section represent:
“Delivered prices are published as a guide only to provide approximate delivered costs at each destination. Freight costs are
based on prevailing rates for the most commonly used carriers,
routings, and types of loadings for each product and destination.
No allowances are made for contract rates, special discounts, and
other routings for which there can be substantial variances from
the prices shown. All prices are in U.S. funds, except for Toronto
prices, which are Canadian funds, GST not included.”
The prices in this section represent prices for transactions between a buyer and the manufacturer (sawmill). Many producers
handle payment of freight to the carrier, which allows them to
quote their products to their customers on a “delivered” basis
rather than on an “f.o.b. mill” basis. This section provides you
with a guide to “prices on a delivered basis.”
Page 7
Selects & Commons
This page covers prices of “boards,” mostly 1-inch lumber used
in nonstructural applications. A notable exception is coverage
of Southern Pine radius-edge decking, a product with nominal
thickness of 5/4 inches.
The Panel Price Guide contains six sections: 1) Oriented Strand
Board, 2) Southern Plywood, 3) Western Plywood, 4) West Coast
Veneer, 5) Particleboard, and 6) Medium Density Fiberboard. Plywood, OSB, particleboard, MDF, and veneer prices are reported
on a “price per thousand square feet” basis (surface measure).
Please refer to the Glossary (pages 10-12) for definitions of the
species and regions.
Oriented Strand Board
Oriented strand board (OSB) production comes from mills scattered across North America. The concentration of production
facilities in six regions allows for coverage of f.o.b. mill prices for
seven producing regions.
Delivered prices are reported for points in the western regions
of both the U.S. and Canada. These markets are served by OSB
plants from several of the seven producing regions.
Ponderosa Pine coverage is broken into two regions — Inland
and California.
Southern Plywood
As with coverage of the Southern Pine lumber market, Southern Pine plywood coverage designates three producing “zones.”
These zones are defined in the footnote at the bottom of the section, as well as in the glossary of this manual.
Eastern White Pine coverage is for production at mills in the
Northeast U.S. Prices at mills in other regions can vary greatly
due to freight costs to major markets.
If a price is not shown for a particular item in a Southern Pine
zone, production of the item is either limited or is in the hands
of a very small number of producers (perhaps one).
Also on this page are prices for #2 Spruce boards imported from
Europe. The prices are shown on a “f.o.b. truck, Gulf and East
Coast ports” basis.
Western Plywood
Prices are shown for both unsanded and sanded products produced by mills located mostly in Oregon, Washington, and
Idaho.
Page 8
12
The final page of the Lumber Price Guide covers a variety of
products in five sections — 1) Economy and #4, 2) Southern
Pine Pressure-Treated Lumber, 3) Posts, Beams & Timbers,
4) S2S Moulding & Shop, and 5) Western Red Cedar.
August 23, 201
3
Panel Price Gu
ide
Oriented Stran
d Boar
d
7/16" (North Centra
l)
7/16" (Eastern
Canada)
7/16" (Southwest)
23/32" T&G (North
Central)
23/32" T&G (Easter
n
23/32" T&G (South Canada)
west)
8/9
Panel Weekly Pri
ce Changes
8/16
–10
–10
–7
–10
–10
–30
This Week Chg
3 Weeks
–8
–15
–20
–15
–15
–35
–5
–8
–5
–7
–10
–5
–23
–33
–32
–32
–35
–70
Prices Net, f.o.b
Note that Southern Pine Pressure-Treated Lumber prices represent sales from treating plants in Georgia, Florida, North Carolina, South Carolina, Alabama, and Virginia. These states are the
“primary producing region.” Plants in other states often have prices that vary considerably due to freight costs to major markets.
The Western Red Cedar S4S Std&Btr and #2&Btr prices on Page
8 are the same as those prices for the same items on Page 5. The
“double listing” of these prices provides readers with most Western Red Cedar prices in a single section.
Panel Price Guide (Page 12)
The Panel Price Guide includes “Weekly Price Changes.” This
box allows you to quickly spot the price trends of key items over
the past three weeks. The items in the Weekly Price Guide box
were selected because they are bellwether items in the various
producing regions.
ORIENTED STR
AND
Seattle
Portland
Sacramento5
Los Angeles5
Denver
Salt Lake City
Phoenix5
Vancouver4
Edmonton4
Otherwise Note
d • Prices Per
237
247
262
272
363
458
210
210
230
250
370
450
—
190
210
220
230
325
415
197
207
227
237
328
415
PRICES
3/8"
7/16"
255
258
265
260
270
273
260
240
230
15/32"
255
258
270
265
275
278
265
240
230
275
278
280
285
290
293
285
260
250
—
175
188
203
223
340
408
—
200
210
225
245
350
430
19/32" T&G
425
430
400
390
395
398
390
415
405
220
227
232
252
272
375
475
520
525
525
510
520
523
510
520
510
SOUTHERN
PLYWOOD1
SHEATHING
Rated
WEST
335
390
390
485
590
CENTRAL
345
385
395
490
580
SANDED
From: WEST AC
EAST
1/4"
465
515
11/32" 480
500
15/32" 585
630
19/32" 695
690
23/32" 795
WEST
455
475
570
680
780
WEST
290
340
350
390
480
CENTRAL
260
340
345
390
480
EAST
500
460
580
680
750
ERLAYME
C X-Band, T&G NT
19/3
WEST CENT
RAL
2" 645
630
23/32" 677
680
CONCRETE FOR
M
650
—
880
—
19/32"
23/32"
800
SIDINGS, Rou
gh Sawn, 8-fo
From:
ot, 6-patch
11/32"
19/32" Grooved
4" or 8" o.c.
19/32" RB&B
EAST
320
355
360
415
505
UND
BC
WEST
480
730
EAST
645
700
655
800
EAST
520
1—West – Plants
785
740
S.C., also N.C. in Tex., La., Ark.; Centr al
785
– Plants in Ala.,
and Va., where
Miss.; East –
prices are slightl
Plants in Ga.,
y higher.
Fla.,
For Plywood
Service Char
ges, see www
Go to In Dept
.randomlength
h > Useful
s.com .
or call Random Data > Plywood Service
Charges,
Lengths at 1-888
-686 -9925
8/16
+3
+4
+2
+3
0
0.00
This Week Chg
3 Weeks
0
+2
0
+2
0
0.00
–13
–10
0
–5
–5
0.00
Thousand Squa
–10
–4
+2
0
–5
0.00
re Feet
WESTERN PLY
WOOD
SHEATHING
CD
Struc I
CD
3/8"
325
1/2" 3-ply
395
1/2" 4/5-ply
405/435
5/8" 4/5-ply
500/520
3/4" 4/5-ply
1–Add
35
605/605
for BC P&TS
CC Plugged
Touch Sanded&1
CC
335
—
440
530
615
340
—
445
535
625
AC
1/4"
11/32"
15/32"
19/32"
Mill
Grade
475
—
595
665
730
BC
575
590
675
745
805
23/32"
295
—
350
415
510
UND
ERLAYME
C X-Band, T&G NT
19/32"
605
23/32"
685
1-1/8" 1,03
0
AB
530
545
630
700
760
8'
WEST COAST
VENEER
CD—8'
54"
Douglas Fir 1/10
"
50.50
Douglas Fir 1/8"
63.00
White Woods
1/6"2 81.50
27"
9'
630 1,030
835 1,230
900 1,295
545
755
800 1,005
860 1,060
RW
40.00
50.00
29.00
36.00
44.50
67.50
AB—8'
F/T
23.00
28.75
38.00
54"
1—75% 54",
10% 27",
720
735
820
895
950
SIDINGS, Rou
gh Sawn
6-Patch 11/3
2"
19/32"
19/32"
CONCRETE FOR
M 18-Patch11/32" RB&B
5/8"
925
3/4"
19/32"
1,070
Douglas Fir
1/10"
AA
705
720
805
875
935
19/32" RB&B
Mill Grade
EAST
373
410
420
495
585
8/9
SANDED
23/32" T&G
1–Plants in Tex.,
3–Plants in Va., La., Ark., and Okla. 2—Pla
nts in Ga., Ala.,
W. Va., N.C.
5–Add 10-2
S.C., and Tenn.
0 for Struc 1.4–Prices delivered in CanadianMiss.,
funds, GST not
included.
From:
3/8"
15/32" 3-ply
15/32" 4-ply
19/32" 4-ply
23/32"
er
NORTH WEST
CENTRAL CANAERN EASTERN SOUTH
SOUTH
DA CANADA
MID
WEST1 EAST2
—
ATLANTIC3 TORO
—
190
NTO4
1/4"
3/8"
7/16"
15/32"
1/2"
19/32" T&G
23/32" T&G
DELIVERED
. Mill, Unless
BOARD
Plywood/Vene
15/32" Rated
(Southern-West
4-ply)
1/2" CD (Weste
rn 4-ply)
23/32" Underlaym
ent (Southern-W
23/32" Underlaym
est)
ent (Western)
23/32" AC (Weste
rn)
1/10" Douglas
Fir CD 54" Venee
r
94.00
10% RW, 5%
Mix1
45.75
57.25
—
27"
F/T. 2—W hite
Fir,
PARTICLEBOAR
D
INDUSTRI
10'
1,040
1,240
1,305
765
1,015
1,070
84.00
Hemlock, Spruc
e
AL
WESTERN
SOUTHERN
COAST1 INLAN
D2 CENTRAL3
EAST4
3/8"
240
1/2"
260
5/8"
295
11/16"
—
3/4"
340
1-1/8"
—
240
265
320
—
360
—
270
295
350
370
395
560
275
300
355
375
395
565
Interior
Melamine5
Underlayment
WEST EAST
WESTERN
235
255
300
—
340
—
—
—
—
—
540 580
—
—
570 615
—
—
1—Western Ore.
2—Eastern Ore.
fused. Coated
3—Ar k., La.,
on both sides,
Miss., Ala. 4—Ga
commodity face
., S.C. 5—Th
grade (80 gram)
, standard white ermally
.
MEDIUM DEN
SITY
FIBERB
OARD
3/8"
WEST1
1/2"
5/8"
390
Copyright ©
EAST2
3/4"
450
2013 Random
Lengths Publi
545
375
Custom price
1—Plants west
cations, Inc. Repro
615
445
history repor
of the Mississippi
duction and retran
540
ts and on-deman
River. 2—Pla
605
smission is not
nts east of the
d graphs for
Mississippi River.
allowed excep
all prices repor
t unde
ted by Random
Lengths are availa r the conditions of the Subsc
ription Agree
ble at www.rlmy
ment.
print.com. 30-d
ay free trial.
West Coast Veneer
Veneer (for both plywood and laminated veneer lumber output)
is traded regularly among western plywood plants and veneer
plants (green ends) that may not have plywood producing capabilities. This section of the Panel Price Guide covers the major
items traded.
The prices represent trading primarily among Northwest veneer
producers and plywood and laminated veneer lumber manufacturers. However, veneer is traded from locations stretching from
British Columbia to Northern California. Western Oregon is
considered the “primary producing region” and is the focus for
this report.
The “Mix” is an indicator price, weighted according to the
footnote. The percentages approximate the yield of a secondgrowth log.
The Random Lengths Index is derived from western lumber mill
order file and inventory data. It is a measure of market activity
that is based solely on activity in the West. However, it has proven, over the years, to be an accurate reflection of overall lumber
market activity. Data from other producing regions are not included in this index because similar data are either unavailable
or are released after a considerable time lag.
Particleboard And Medium Density Fiberboard
The footnotes describe the geographic areas from which prices
are gathered for the report.
Market Commentaries
The Random Lengths reporting/editorial staff is in contact with
hundreds of market participants each week. “Market commentaries” on Pages 4, 9, 10, and 11 recap the information gathered
by the staff about activity at the mill, wholesale, and retail levels.
The “Lumber Market Report” begins on Page 4 with an overview of market activity. This is followed by four sections: 1) Dry
Framing Lumber, 2) Green Framing Lumber, 3) Stud Lumber,
and 4) Other Items.
The “Panel Market Report” is on Page 11. Comments cover
market activity for OSB,
plywood, veneer, and
particleboard.
Market Indicators
(Pages 4 & 11)
Two charts (both titled
“Market Indicators”) give
you a quick reference
for market trends as you
read the market commentaries for the lumber
and panel markets.
The “Framing Lumber
Composite Price” and
the “Structural Panel
Composite Price” are
indicators for general
price movements in the
framing (dimension and
studs) lumber and structural panel markets.
Random Lengths Framing Lumber Composite Price
(below) The Random Lengths Framing Lumber Composite
Price is a weighted average of prices of 15 key framing lumber
items. They are: KD Inland Hem-Fir (Spokane) Std&Btr 2x4;
KD Southern Pine (westside) #2 2x4; KD Western Spruce-PineFir #2&Btr 2x4; KD Eastern Spruce-Pine-Fir (Boston) #1&2 2x4;
green Douglas Fir (Portland) Std&Btr 2x4; KD Inland HemFir (Redding) #2&Btr 2x10; KD Southern Pine (westside) #2
2x10; KD Western Spruce-Pine-Fir #2&Btr 2x10; green Douglas Fir (Portland) #2&Btr 2x10; KD Coast Hem-Fir studs; KD
Fir&Larch studs; KD Southern Pine (westside) studs; KD Western Spruce-Pine-Fir studs; KD Eastern Spruce-Pine-Fir (Boston)
studs; and green Douglas Fir studs.
The footnote more fully describes the index: “The index is a
numerical representation of market activity, based on a ratio
of western sawmill order files to inventories. In computing the
index, the data are compared with similar data averaged over the
past five years.”
Random Lengths Structural Panel Composite Price
(below) The structural panel composite price is a weighted average of 11 key structural panel items.
Included are: 7/16-inch OSB (Eastern Canada), 7/16-inch OSB
(North Central), 7/16-inch OSB (Southwest), 23/32-inch OSB
(North Central), Western 1/2-inch 4-ply plywood, 23/32-inch
Lumber Market Indicators
This
Week
Last
Week
Year
Ago
$460
Framing Lumber Composite Price $352 $354 $342
$430
2x4 #2&Btr KD Western S-P-F
328 328 312
$400
2x4 Std&Btr Grn Douglas Fir (Portland)310 312 322
$370
100
2x4 #2 KD SYP (Westside)
366 368 355
$340
50
2x4-8' PET KD Western S-P-F
282 285 338
$310
0
1x12 #3 KD Ponderosa Pine
545 535 385
$280
-50
Random Lengths Index*
+6.9 –5.5 –31.7
$250
index is a numerical representation of market activity, based on a ratio of western
*The
sawmill order files to inventories. In computing the index, the data are compared with
similar data averaged over the past five years.
$220
250
200
Framing Lumber
Composite Price
150
-100
Random Lengths Index
3Q 12
4Q 12
1Q 13
2Q 13
-150
3Q 13
Panel Market Indicators
This Week
Last Week
Year Ago
Structural Panel Composite Price $379$386$453
Oriented Strand Board Composite
271278393
Southern Pine Plywood Composite
559565573
Western Fir Plywood Composite
593598627
15/32" 4-ply Rated Southern
1/2" 4-ply Western
7/16" OSB (North Central)
23/32" AC Sanded Western
Fir 1/10" CD Veneer Mix
390-420403-430450-487
405415470
247252353
805810820
45.7545.7549.00
Weekly Chgs($)*
52-Week Trend
$550
$500
$450
a list of items
*For
included in each
composite, go to
www.rlpi.com, then
In Depth > Useful
Data > Monthly
Composite Prices
$400
Structural Panel
Composite Price
$350
$300
3Q 12
4Q 12
1Q 13
2Q 13
3Q 13
Western underlayment, 23/32-inch Western AC, 3/4-inch
Western concrete form, SYP 15/32-inch 3-ply (westside), SYP
23/32-inch underlayment (westside), and SYP 15/32-inch BC
(westside).
Canadian Average Daily Shipments to the
U.S. (Page 4)
Also on page 4 is a table titled “Canadian Average Daily Shipments to the U.S.” The data, compiled by Foreign Affairs and
International
Average Daily Canadian Shipments to the U.S.
Aug
Jul
Jun
y-t-d
Aug
y-t-d
Trade Canada,
2013*
2013
2013 2013* 2012
2012
37
47
4244
3937
Total
provide a
30 41 3637 3432
SLA Regions
snapshot of
mmbf. Source: Foreign Affairs and International Trade Canada.
* through last shipping day prior to publication.
Canadian
lumber export activity to the U.S. market. The table provides a
look at average daily shipments of softwood lumber from Canada into the U.S. during the current month, the previous two
months, and year to date. The current month and year-to-date
figures also have comparisons to the previous year.
Product and Species Composite Prices
(Pages 9 & 11)
Just as the widely used and popular Random Lengths Framing Lumber and Structural Panel Composites provide a broad
measure of price
Lumber Composite Price Comparisons1
movement, tables
This
Last Year
Weekly
Week Week Ago
Changes($)*
and graphs detail- Random-Length Dimension 353353337
ing the 14 comStud
325330363
posites introduced Low-Grade Random Dimension 255255257
in 2004 allow
Board
589586506
traders to measure Shop and Mldg&Btr
783783672
price trends in
Coast Dry Random and Stud 338340335
specific product
Inland
438436399
groups and speSouthern Pine
359367316
cies. The weekly
Western S-P-F
328325322
price change for
Eastern S-P-F
380379391
the previous 52
Green Douglas Fir
371371340
2 weeks. 1–For a list of items included in each composite, go to www.rlpi.com
weeks appears in *5and
click on In Depth > Useful Data > Monthly Composite Prices.
a mini-chart, to
the right of each item on the table. The grey line in the middle of
these charts represents zero change from the previous week. For a
list of items included in each composite, go to www.rlpi.com and
click on In Depth > Useful Data > Monthly Composite Prices.
01_LCGZ_Dim.txt
01_LCGZ_Dim.txt
01_LCGZ_Dim.txt
01_LCGZ_Dim.txt
01_LCGZ_Dim.txt
01_LCGZ_Dim.txt
01_LCGZ_Dim.txt
01_LCGZ_Dim.txt
01_LCGZ_Dim.txt
01_LCGZ_Dim.txt
02_LCHA_Stud.txt
01_LCGZ_Dim.txt
02_LCHA_Stud.txt
02_LCHA_Stud.txt
02_LCHA_Stud.txt
02_LCHA_Stud.txt
02_LCHA_Stud.txt
02_LCHA_Stud.txt
02_LCHA_Stud.txt
02_LCHA_Stud.txt
02_LCHA_Stud.txt
03_LCHB_Low.txt
02_LCHA_Stud.txt
03_LCHB_Low.txt
03_LCHB_Low.txt
03_LCHB_Low.txt
03_LCHB_Low.txt
03_LCHB_Low.txt
03_LCHB_Low.txt
03_LCHB_Low.txt
03_LCHB_Low.txt
03_LCHB_Low.txt
04_LCHC_Brd.txt
03_LCHB_Low.txt
04_LCHC_Brd.txt
04_LCHC_Brd.txt
04_LCHC_Brd.txt
04_LCHC_Brd.txt
04_LCHC_Brd.txt
04_LCHC_Brd.txt
04_LCHC_Brd.txt
04_LCHC_Brd.txt
04_LCHC_Brd.txt
05_LCHD_Shop.txt
04_LCHC_Brd.txt
05_LCHD_Shop.txt
05_LCHD_Shop.txt
05_LCHD_Shop.txt
05_LCHD_Shop.txt
05_LCHD_Shop.txt
05_LCHD_Shop.txt
05_LCHD_Shop.txt
05_LCHD_Shop.txt
05_LCHD_Shop.txt
06_LCHE_CstDry.txt
05_LCHD_Shop.txt
06_LCHE_CstDry.txt
06_LCHE_CstDry.txt
06_LCHE_CstDry.txt
06_LCHE_CstDry.txt
06_LCHE_CstDry.txt
06_LCHE_CstDry.txt
06_LCHE_CstDry.txt
06_LCHE_CstDry.txt
06_LCHE_CstDry.txt
07_LCHF_Inland.txt
06_LCHE_CstDry.txt
07_LCHF_Inland.txt
07_LCHF_Inland.txt
07_LCHF_Inland.txt
07_LCHF_Inland.txt
07_LCHF_Inland.txt
07_LCHF_Inland.txt
07_LCHF_Inland.txt
07_LCHF_Inland.txt
07_LCHF_Inland.txt
08_LCHG_SYP.txt
07_LCHF_Inland.txt
08_LCHG_SYP.txt
08_LCHG_SYP.txt
08_LCHG_SYP.txt
08_LCHG_SYP.txt
08_LCHG_SYP.txt
08_LCHG_SYP.txt
08_LCHG_SYP.txt
08_LCHG_SYP.txt
08_LCHG_SYP.txt
09_LCHH_WSPF.txt
08_LCHG_SYP.txt
09_LCHH_WSPF.txt
09_LCHH_WSPF.txt
09_LCHH_WSPF.txt
09_LCHH_WSPF.txt
09_LCHH_WSPF.txt
09_LCHH_WSPF.txt
09_LCHH_WSPF.txt
09_LCHH_WSPF.txt
09_LCHH_WSPF.txt
10_LCHI_ESPF.txt
09_LCHH_WSPF.txt
10_LCHI_ESPF.txt
10_LCHI_ESPF.txt
10_LCHI_ESPF.txt
10_LCHI_ESPF.txt
10_LCHI_ESPF.txt
10_LCHI_ESPF.txt
10_LCHI_ESPF.txt
10_LCHI_ESPF.txt
10_LCHI_ESPF.txt
11_LCHJ_GrDF.txt
10_LCHI_ESPF.txt
11_LCHJ_GrDF.txt
11_LCHJ_GrDF.txt
11_LCHJ_GrDF.txt
11_LCHJ_GrDF.txt
11_LCHJ_GrDF.txt
11_LCHJ_GrDF.txt
11_LCHJ_GrDF.txt
11_LCHJ_GrDF.txt
11_LCHJ_GrDF.txt
11_LCHJ_GrDF.txt
Lumber Composites
(above) The Lumber Composite items are: Random-Length
Dimension; Stud; Low-Grade Random Dimension; Board; Shop
and Mldg&Btr; Coast Dry Random and Stud; Inland; Southern
Pine; Western S-P-F; Eastern S-P-F; and Green Douglas Fir. The
Lumber Composites table and charts appear on page 9, in a table
separate from the Lumber Market Indicators on page 4.
Panel Composites
(previous page) The Panel Composite items are Oriented Strand
Board, Southern Pine Plywood, and Western Fir Plywood. The
Panel Composites table and charts appear on page 11, and are
combined with the Panel Market Indicators table.
Production, Sales, Shipments (Page 10)
These figures are compiled by the Western Wood Products Association. It is im- Lumber Production, Sales, and Shipments
portant to note
(Western U.S. mills)
Coast
Inland
that the “Coast” Week Ending Aug 17 Aug 10 Aug 3 Aug 17 Aug 10 Aug 3
and “Inland”
Production 163
166
169949192
data are estiOrders
182
163
163989290
mates for lum- Shipments 172171
167979393
Unfilled Orders298 287296 229 228228
ber output in
Inventories
809814 507 509510
the Western pro- mmbf. From data compiled800
by the Western Wood Products Association.
Most current week’s data subject to revision.
ducing regions.
All of the lumber figures in this table are “million board feet.”
What’s on our website at
WWW.RANDOMLENGTHS.COM
>> Daily WoodWire provides the up-to-date news you need to
stay ahead, including: Curtailment Watch, U.S.-Canada Lumber
Trade, Mergers and Acquisitions, Other Industry News, Financial
Results, and Industry Calendar. Search to find archived articles. Sign
up for Email News Alerts and have notices transmitted directly to
your email when new WoodWire items are posted.
>> Current Market News and Price Trends has brief excerpts from
Random Lengths market reports, key prices, and composite graphs.
>> Special Reports with late-breaking news about important industry
developments, and Surveys with respondent comments.
>> Helpful features like: Useful Links, Monthly Composite Prices,
Lumber Shipments to China, Lumber Futures, Plywood Service
Charges, and Story Index.
>> U.S.-Canada Lumber Trade Dispute A valuable historical timeline about the U.S.-Canada trade agreements from 1982 to present.
>> View information, samples, and FAQs for Lumber, Panel and Midweek Reports available by fax, email PDF, and email spreadsheet &
database; view information and samples for Newsletters: The Random Lengths Market Letter, International, Yardstick, and Midweek;
and Books and Directories: The Big Book, Yearbook, Buying &
Selling Softwood Lumber & Panels, Terms of the Trade, and Kinsey,
Photographer.
>> Our Company > Staff to find photographs, news and reporting assignments, email addresses, and more.
>> Our Company > Customer Service for payment and subscription
FAQs, forms to switch from postal to email delivery, and forms to
change your subscription information.
30-day no-obligation FREE TRIAL of
My Print at WWW.RLMYPRINT.COM
Register and immediately begin using Random
Lengths MY PRINT to create your own graphs and
price reports using Random Lengths historical prices.
Random Lengths MY PRINT makes it easy for you to make key comparisons and detect significant trends that will help your business make
smart decisions and save money. Easily update your on-demand graphs
and custom price reports as soon as prices are released. Every price reported by Random Lengths since 1995 available, for all 1,600 items.
Yearbook-style report available for ALL prices. Six report types designed for easy analysis of seasonality, volatility, and other key price
trends you need to stay on top of the market. Import into your presentations and reports. Extensive online help center. Questions? Contact
Random Lengths! We’re ready to help you register and create a report.
Other Sources of Information
Terms Of The Trade: Published by Random Lengths; the fourth
edition of a reference for forest products industry terminology. Cost:
$49.95 ($44.95 for subscribers).
Buying & Selling Softwood Lumber & Panels: Published by
Random Lengths; a manual for trading softwood lumber and panel
products. Cost: $46.95 ($37.95 for subscribers).
Grading books and product information are available from the trade
associations serving the industry. Grading books may also be obtained
from any of a number of grading agencies that are not connected to
associations. These sources of information can be valuable to you in
understanding the industry, as well as help you read Random Lengths.
The associations and other sources of statistical information relating to
the industry are listed below:
American Forest & Paper Assn.: 1111 19th St. NW, Ste 800,
Washington, DC 20036; (202) 463-2700; www.afandpa.org
American Wood Protection Assn.:P.O. Box 361784, Birmingham, AL
35236; (205) 733-4077; www.awpa.com
APA - The Engineered Wood Assn.: 7011 S. 19th St.,
Tacoma, WA 98466; (253) 565-6600; www.apawood.org
Council Of Forest Industries: Ste 1501 700 W Pender St.,
Vancouver, BC V6C 1G8 Canada; (604) 684-0211; www.cofi.org
Cedar Shake & Shingle Bureau: #2 – 7101 Horne St., Mission, BC
V2V 7A2 Canada; (604) 820-7700; www.cedarbureau.org
National Assn. of Home Builders: 1201 15th St. NW, Washington,
DC 20005; (800) 368-5242; www.nahb.org
Southeastern Lumber Manufacturers Assn. Inc.: 200 Greencastle
Road, Tyrone, GA 30290; (707) 631-6701; www.slma.org
Southern Forest Products Assn.: 2900 Indiana Ave., Kenner, LA
70065; (504) 443-4464; www.sfpa.org
Statistics Canada: 150 Tunney’s Pasture Driveway,
Ottawa, ON K1A 0T6 Canada; (800) 263-1136; www.statcan.gc.ca
TECO: 1507 Matt Pass, Suite 2, Cottage Grove, WI 53527; (855) 266-
8326; www.tecotested.com
U.S. Dept. of Agriculture, Forest Service: 1400 Independence Ave.
SW, Washington, DC 20250-0003; (800) 832-1355; www.fs.fed.us
U.S. Census Bureau: 4600 Silver Hill Road,
Washington, DC 20233-6900; (301) 763-4636; www.census.gov
Western Wood Products Assn.: 522 SW Fifth Ave, Ste.
500 Portland, OR 97204-2122; (503) 224-3930; www.wwpa.org
You may also find the following Random Lengths publications helpful.
Contact us, or visit www.rlpi.com for sample copies and information.
My Print at WWW.RLMYPRINT.COM: 30 day no-obligation FREE
TRIAL. Create on-demand graphs and price reports using Random
Lengths historical prices (1995-current) for all 1,600 items.
Midweek:A weekly update of selected prices from the lumber and
panel price guide, including market commentary.
International: This 8-page biweekly report covers international markets for wood products.
Yardstick: A 24-page monthly report of key wood products statistics
and economic indicators, with easy-to-read charts and tables.
Big Book: A directory of the North American softwood forest products
industry, including both primary and secondary manufacturers, and
distributors.
Yearbook: An annual publication that provides 11-year price histories
for more than 290 key items and 5-year graphs of the histories.
Many other excellent sources of information are available. Feel free to
contact Random Lengths Publications if you think we might be able to
help you find needed information sources.
Glossary
Lumber Glossary
Grade designations are not included in this glossary.
We suggest you contact the associations listed in this brochure
under “Other Sources of Information.”
Above-ground use: An American Wood Protection Association appli-
cation standard for pressure-treated lumber for use out of doors, but
without contacting soil.
Atlanta: A destination point for Western Spruce-Pine-Fir. Prices shown
in this column include freight charges to Atlanta.
AWPA: American Wood Protection Association.
Bevel: A type of Cedar siding in which a board has been resawn diagonally to be used as siding for the exterior of a building.
Board: A piece of lumber less than two inches in nominal thickness
and one inch or more in width.
Board Foot: The basic unit of measurement for lumber in the U.S. and
Canada. One board foot is equal to a 1-inch board 12 inches in width
and 12 inches in length. When board feet are calculated, nominal
sizes are assumed.
Boston: A destination point for Eastern Spruce-Pine-Fir. Prices shown
in this column include freight charges to Boston.
California Mills: Ponderosa Pine and Hem-Fir mills in Northern California and Southern Oregon.
Central: A Southern Pine producing region that includes mills in Alabama, Mississippi, and that portion of Louisiana east of the Mississippi River.
Channel: A type of Cedar siding having a three-sided groove cut into
its face.
Coast Hem-Fir: Hem-Fir is a species combination consisting primarily
of White Fir and Western Hemlock. “Coast” Hem-Fir is produced by
mills in Western Oregon, Western Washington, and British Columbia, and is generally understood to be primarily Western Hemlock.
Contract Freight Rates: Rail freight rates negotiated between the
railroad and the shipper (a mill or distributor) often guaranteeing a
certain volume of freight over a specified time period.
Copyright: All information, including the price guides, appearing in
Random Lengths is copyrighted and may not be reproduced or transmitted in any form, electronic or mechanical, including photocopy,
recording, facsimile, or any information storage or retrieval system,
without written permission from the publisher.
Cost & Freight (C&F): A basis for quotation that includes the price of
the goods (cost) and the expense of shipment (freight) to a specific
destination.
Cost, Insurance & Freight (CIF): A term used in waterborne shipments to indicate that the price quoted incudes all charges from the
point of origin to the port of destination, including the original cost
of the goods.
Cost, Insurance, Freight & Exchange (CIF&E): A similar term as
above, plus an additional charge due to a difference in the monetary
exchange rate between countries of origin and destination.
Customer Specified Loading: A loading consisting of the exact
lengths, widths, and grades, etc., specified by the buyer.
Delivered Price: The price of an item with the freight to destination
included.
Dimension: Lumber that is from two inches up to (but not including)
five inches thick, nominal measure, and that is two or more inches in
width.
Douglas Fir: A species of softwood found throughout the Western U.S.
and Western Canada.
Eastern Spruce-Pine-Fir: Lumber of the Spruce-Pine-Fir group produced in the eastern provinces of Canada.
Eastern White Pine: A softwood species found throughout the Northeast U.S. and Eastern Canada. Also found in the Upper Midwest and
Virginia and the Carolinas.
Eastside: A Southern Pine producing region that includes mills in
Georgia, Florida, and South Carolina. Mills in North Carolina and
Virginia are also considered to be part of the eastside region, but
prices are usually higher in these two states.
Engelmann Spruce: A softwood species found principally along the
Rocky Mountains from Northern British Columbia to Arizona. It is
used most often for boards and specialized products.
ES-LP: A species group consisting of Engelmann Spruce, Lodgepole
Pine, and (in dimension) Alpine Fir.
Fir&Larch: A mix of Douglas Fir and Western Larch, sold together as
one species grouping. Found in the Inland regions of the Western
U.S. and British Columbia.
Framing Lumber: Lumber used for structural members in a house or
other building. Usually consists of 2x4 through 2x12.
Great Lakes: A destination point for Eastern Spruce-Pine-Fir. Prices in
this column are based on delivered prices to Pittsburgh or Columbus.
Green: Unseasoned; not dry. Lumber with a moisture content of more
than 19%.
Ground contact: An American Wood Preservers Association application standard for pressure-treated lumber indicating the product,
such as fence posts, is suitable for contact with soil.
GST: Goods and Services Tax. A type of sales tax in Canada.
H/S and R/S Shakes: Handsplit and Resawn shakes that are split from
bolts and resawn to produce two shakes, each with a rough, split face
and a smooth, sawn back.
Heavy (Hvy): In shop, lumber that is thicker than standard. In shakes,
a reference to shakes produced with a thickness of 3/4” to 5/4” at the
butt.
Idaho White Pine: A softwood species found throughout a wide
range of the Western U.S. and British Columbia. Commonly used for
boards and specialty items.
Industrial: A general term for lumber destined for remanufacturing or
further seasoning. Also, a type of particleboard used in the manufacture of furniture.
Inland Mills: Those producers in the “Inland Empire” of Idaho, Eastern
Oregon and Washington, and Montana. Northeastern California is
also sometimes considered a part of the Inland region.
Inland Hem-Fir: Hem-Fir is a species combination consisting primarily of White Fir and Western Hemlock. “Inland” Hem-Fir is produced
by mills in Eastern Oregon, Eastern Washington, Idaho, and Northern California, and is generally understood to be White Fir.
Kiln Dried: Lumber that has been seasoned in a kiln to a predetermined moisture content.
Long Lengths: A loose term describing lumber longer than the lengths
common to the species or region. Usually refers to lumber 18’ and
longer in the Inland West, and 22’ and longer in other producing
regions.
Minneapolis: A destination point for Western Spruce-Pine-Fir. Prices
shown in this column include freight charges to Minneapolis.
Montreal: A destination point for Eastern S-P-F. Prices include freight
charges to Montreal.
MSR: Machine Stress Rated. Lumber that has been evaluated by mechanical stress-rating equipment.
NELMA Rules: Grading rules established by the Northeastern Lumber
Manufacturers Association.
Net f.o.b. Mill: The net mill price to the buyer. Does not include discounts, charges for freight, or other fees.
Nominal Measure: The common labels for lumber sizes, usually
expressed in terms of the nearest inch, regardless of actual surface
measurements. In lumber, the nominal size is usually greater than actual dimension. Thus, a kiln-dried 2x4 ordinarily is surfaced to 1-1/2
inches x 3-1/2 inches.
Northern California: A shipping point in Northwest California.
Douglas Fir mills in this area have similar freight rates to major markets, which result in f.o.b. mill prices that usually fall within a narrow
range.
Palletized Loadings: A method of shipping shingles and shakes, in
which bundles are loaded on pallets for ease of handling while in
transit.
Partly Air Dried (PAD): Seasoned to some extent by exposure to the
atmosphere, without artificial heat, but still considered green or unseasoned.
PET: Precision End Trimmed. Lumber trimmed on both ends to a uniform length, with a manufacturing tolerance of 1/16-inch less than or
greater than the specified length in a maximum of 20% of the pieces.
Ponderosa Pine: A softwood species found in a wide range, from Brit-
ish Columbia to Mexico, and from the Dakotas to the Pacific Coast.
Widely used in general construction, most often as boards. Also used
in millwork and in cuttings for remanufacturing.
Portland: A shipping point in Oregon. Producers in this area have similar freight rates to major markets, which result in f.o.b. mill prices
that usually fall within a narrow range.
Posts, Beams, and Timbers: A general reference to lumber 4 inches
and larger in both width and thickness.
Pressure-Treated Lumber: Lumber that has been treated with various
chemicals, such as preservatives, by forcing the chemicals into the
structure of the wood using high pressure.
Product Standard 20-10: The designation for the National Bureau
of Standards Voluntary Product Standard covering softwood lumber. The standard establishes dimensional requirements, technical
requirements, and methods of testing, grading, and marking the
products.
Radiata Pine: Pinus radiata. This species is widely planted in New
Zealand and Australia, and is also exported from Chile. In the U.S.,
it is commonly called Monterey Pine. Also called Kiwi Pine, Insignis
Pine.
Radius-Edge Decking (RED): A type of decking material, usually 5/4"
thick by 4 or 6 inches wide, and having two rounded edges.
Random Lengths: Lumber of various lengths, usually in even, 2-foot
increments.
Redding: A shipping point in Northern California. Producers in this
area have similar freight rates to major markets, which result in f.o.b.
mill prices that usually fall within a narrow range.
Resawn: Lumber that has been sawn on a horizontal axis to produce
two thinner pieces.
Rocky Mountain Region: Portions of the Inland West and Southwest,
including Arizona, New Mexico, Colorado, and Utah.
Rough Moulding & Btr: A grade combination purchased by moulding producers. It consists of the grades Moulding Stock, D Select, and
C&Btr Select in combination. Usually Ponderosa Pine or White Fir.
Rough Dimension: Lumber that has been sawn, edged, and trimmed
but has not been dressed or surfaced.
S1S2E: Lumber that has been surfaced on one side and two edges, leaving one rough side.
Selects & Commons: As used in Random Lengths, a general reference
to lumber that is 1 inch to 6/4" in thickness and 3 or more inches in
width. A collective reference to boards.
Shake: Roofing material, usually made from Cedar, having at least one
surface with a natural grain texture. Often split by hand and resawn.
Shingle: Roofing material, often made from Cedar. Wood shingles have
sawn faces and backs, and are tapered to a standard thickness at the
butt.
Shop: Lumber graded for the number and sizes of cuttings that can be
taken from it, used for the manufacture of other products such as
doors and window parts.
Skip: An area on a piece of lumber that a planer fails to surface.
Southern Pine: A species group composed primarily of Loblolly,
Longleaf, Shortleaf, and Slash Pines. Found in the southern states
from Texas to Virginia. Also called Southern Yellow Pine.
Specialties: A general term referring to products with specialized
uses and not falling into other lumber categories such as dimension,
boards, etc. Examples include fencing, treated items, sidings, etc.
Spokane: A shipping point in Eastern Washington. Producers in this
area have similar freight rates to major markets, resulting in f.o.b.
mill prices that usually fall within a narrow range.
Spruce-Pine-Fir (S-P-F): Woods of similar characteristics that have
been grouped together for production and marketing. Usually refers
to Canadian production, with Western S-P-F produced in British Columbia and Alberta and Eastern S-P-F produced east of the Rockies.
Squares and Timbers: A reference to lumber that is at least 4x4 (a
square) or larger (a timber).
Stain: Discoloration on lumber caused by fungal growth, weathering,
or the oxidation of metallic substances in a log.
Standard Sawn: Lumber cut to sizes and specifications described in
various grading rules.
Straight Lengths: A single length of lumber, such as 16-foot, or a unit
or load of a single length.
Structural Light Framing: Dimension lumber up to 4 inches in width
which provides higher bending and strength ratios for use in engineered applications such as roof trusses.
Stud: A vertical framing member, usually cut to a precise length at the
mill, designed to be used in framing building walls with little or no
trimming before they are set in place. Usually 2x4 but can be 2x3 or
2x6.
Sugar Pine: A softwood species found in Northern California and
Southern Oregon. Widely used in millwork, patternwork, and various interior applications.
Tally: A numerical breakdown of the various lengths and/or widths in a
load of lumber.
Tapersawn (UBC): Tapersawn shakes acceptable under the standards
of the Uniform Building Code.
TOFC: Trailer on Flat Car. A method of shipping in which a truck
trailer loaded with lumber is placed on a flat car and moved by rail to
a destination, then unloaded and moved by tractor to a drop point.
Also called “piggyback.”
Toronto: A destination point for Spruce-Pine-Fir from origins in both
Western and Eastern Canada. Prices shown include freight charges to
Toronto.
Unitized Loading: A loading in which the product is securely gathered
into standard units, usually fastened with steel straps, and often covered with paper or plastic.
Use Category 3, 4: American Wood Protection Association application standards for pressure-treated lumber based on retention levels
of chemical treatments.
Wane: Bark, or the lack of wood from any cause, on the edge or corner
of a piece of lumber.
Western Red Cedar: A softwood species found principally along the
western edges of British Columbia, Washington, and Oregon. Used
extensively in roof coverings, exterior sidings, decks, fences, and
other outdoor applications.
Western Spruce-Pine-Fir: Lumber of the Spruce-Pine-Fir group produced in British Columbia and Alberta.
Westside: That part of the Southern Pine lumber producing region that
includes Texas, Oklahoma, Arkansas, and Louisiana west of the Mississippi River.
Wet From Cylinder: Pressure-treated lumber that has not been kiln
dried after removal from the treating retort.
White Fir: A softwood species found in a wide range in the western
U.S. The Western Wood Products Association now offers a “White
Fir” dimension grade stamp, but requires that the production be
100% White Fir or any of the true fir species, with no Hemlock allowed. Moulding and shop produced from this species group is designated “White Fir.”
Windsor: A destination point for Spruce-Pine-Fir from origins in both
Western and Eastern Canada. Prices shown include freight charges to
Windsor, Ontario.
Panel Glossary
Grade designations are not included in this glossary.
We suggest you contact the associations listed in this brochure
under “Other Sources of Information.”
1/6", 1/8", 1/10": Veneer thicknesses.
6-Patch: A grade of siding. The term refers to the maximum number of
patches allowed in each panel. A proprietary name for this grade is
“Premium.”
18-Patch: A grade of siding. The term refers to the maximum number
of patches allowed in each panel.
27": Veneer 24 inches to 27 inches in width.
54": Veneer 48 inches to 54 inches in width.
Canada: A reference to the origin of OSB covered in this section of the
price guide.
Central: A producing zone for Southern Pine plywood and particleboard. The plywood producing zone consists of Mississippi and
Alabama. The particleboard producing zone consists of Arkansas,
Mississippi, and Alabama.
Eastside: A producing zone for Southern Pine plywood and particleboard. The plywood producing zone consists of Georgia, Florida, and
South Carolina, plus North Carolina and Virginia, where prices are
usually higher. The particleboard producing zone consists of Georgia
and South Carolina.
Eastern Canada: A producing region for OSB encompassing plants in
Ontario and Quebec.
F/T: Fishtail. A piece of veneer from the outer portion of the log, produced during the rounding of the log, or block, on the lathe. This ve-
neer has one angled side. Fishtails are trimmed to make rectangular
pieces and used most frequently as core material in plywood.
Industrial: A type of particleboard used as core stock in the manufacture of furniture, doors, etc.
Interior Underlayment: A type of particleboard used as subflooring.
Medium Density Fiberboard: A dry-formed panel manufactured
from wood fibers combined with a synthetic resin or other suitable
binder and compressed in a hot press to a density of 31 to 50 pounds
per cubic foot.
Mid-Atlantic: A producing zone for OSB that includes North Carolina,
Virginia, and West Virginia.
Mill Grade: Plywood that conforms generally to size, thickness and
glue line requirements, but lacks some of the quality characteristics
necessary for grading agency approval.
Mix: A loading of veneer of mixed sizes, consisting of 75% 54", 10%
27", 10% random width, and 5% fishtails. Veneer is rarely sold in
this fashion any longer. However, this price (derived mathematically
from individual item prices) is considered an indicator for the veneer
market.
North Central: A producing region for OSB that includes Minnesota,
Michigan, and Wisconsin.
Oriented Strand Board (OSB): Panels made of narrow strands of fiber oriented lengthwise and crosswise in layers, with a resin binder.
Panel: A sheet of plywood, oriented strand board, waferboard, particleboard, or similar product, usually 4x8 feet.
Particleboard: A panel product made from discrete particles of wood
mixed with resin and formed into a solid board under heat and pressure.
Prices Delivered: Prices that include freight to the destination listed.
RBB: Reverse board and batten. A siding pattern made to resemble a
common pattern made from boards and battens, in which the boards
are nailed over the battens, producing a narrow insert.
Rough Sawn: A type of siding in which the face has not been dressed,
to give a rustic effect.
RW: Random Width. Veneer clipped to various widths, usually less
than two feet wide.
Sanded: A plywood panel that has been processed through a machine
sander to provide a smooth surface on one or both sides. A or B
grade veneers are usually used for at least one side of the panel.
Sheathing: Plywood, oriented strand board, or waferboard used to
close up side walls, floors or roofs preparatory to the installation
of finish materials on the surface. Also commonly used for pallets,
crates, and other industrial uses.
Sidings: Panel products intended for use as the exterior wall covering
of a building.
Southeast: A producing zone for oriented strand board consisting of
the states of Georgia, Alabama, Mississippi, South Carolina, and Tennessee.
Southwest: A producing zone for oriented strand board that includes
Texas, Louisiana, Arkansas, and Oklahoma.
Southern: A reference to the Southern Pine producing region.
Southern Plywood: Plywood produced primarily from Southern Pine
veneers.
T&G: Tongue and Groove. Panels machined to have a groove on one
edge and a protruding tongue on the other, so that the pieces will
fit snugly together, with the tongue of one fitting into the groove of
another.
Toronto: A destination for oriented strand board shipments. Prices
shown are “delivered.”
Underlayment: Panels designed to be used as a subfloor under the finished floor of a building.
Westside: A Southern Pine plywood producing zone that includes
Texas, Louisiana, and Arkansas.
Western: A reference to the western producing region that includes
Oregon, Washington, Idaho, Montana, and California.
Western Canada: A producing region for OSB that includes B.C. and
Alberta.
Western Markets: Delivery points for oriented strand board.
Western Plywood: Plywood produced in the Western U.S. A variety
of species can be used in western plywood production. Douglas Fir
is the most common species used for the faces of western plywood
panels.
White Woods: Veneers from Hemlock, true firs, Spruce, and Alder,
usually used as core stock in the manufacture of western plywood.

How to Read Random Lengths

Transcription

Similar documents

T-walls - d.School

anchorseal - UC Coatings

WEYERHAEUSER SOUTHERN PINE LUMBER

pinworms in lumber - Canadian Forest Service

Product List

Texting - David Crystal

anchorseal 2 - UC Coatings

picnic table p1

a PDF of a detailed Buyer`s Guide of products