Southern Yellow Pine Lumber Prices Dip in January ‘17

The composite southern yellow pine lumber price continued to inch downward during the first month of 2017; week 4’s price dipped to the $370/mbf mark. As noted in the chart below, January prices have either been flat or decreased during three of the last five years before inventory building typically begins and prices rise in the early spring.

Week 4’s price is 4 percent below its January 2017 starting point of $387/mbf, and 18 percent above its 2016 week 4 price of $313/mbf.  Average monthly prices for January since 2013 include:

• 2013 January Average Price: $375/mbf
• 2014 January Average Price: $365/mbf
• 2015 January Average Price: $372/mbf
• 2016 January Average Price: $323/mbf