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If you need help setting up services or accessing your accounts, please call our Customer Care Team at 866.552.9172 during business hours (7 a.m. — 5 p.m. PST, M-F) or email us at CustomerCare@AgWestFC.com.
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If you need help setting up services or accessing your accounts, please call our Customer Care Team at 866.552.9172 during business hours (7 a.m. — 5 p.m. PST, M-F) or email us at CustomerCare@AgWestFC.com.
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Forest products industry adapts to lower prices.
Lumber prices continue to trade within a tight range near break-even levels for Northwest producers. Green Douglas-fir lumber (lumber that has not been kiln-dried) has unexpectedly fallen over the last two months as wet weather in California slowed residential construction. Many expect green lumber prices to rebound as the summer progresses. Mills are adapting operations in response to low prices, including prioritizing lower-cost supply contracts, harvesting from internally owned timberlands and/or mixing up their product offerings. While lumber production capacity continues to expand in the Southern U.S., there are signs that migration to this region is slowing and leading to lower residential construction.
Douglas-fir log prices in the Columbia River and Willamette Valley/Southern Oregon regions are converging at slightly lower levels with those in the Puget Sound region due to lower demand. Log inventories are generally down across the region and are unlikely to increase until markets improve. Log demand from Japan remains stable; however, Chinese demand remains down, and some analysts do not expect it to recover to the strong levels seen following the Great Recession.
March 31, 2024
Forest products manufacturers and timberland owners should be slightly profitable over the next 12 months. The combination of low prices and high costs is pressuring mills; however, a slight increase in demand could have an outsized impact on prices and profitability. Import taxes on Canadian lumber should support lumber prices. Regulations are reducing the flow of logs from state and private forests. Demand from Japan, a significant buyer of high-value Douglas-fir, has declined. Timberland values remain strong.
12-Month Profitability Outlook
View the latest AgWest Forest Products Industry Perspective
Learn moreAug 15, 2024, 11:00 AM
AgWest is pleased to be joined by Derrell Peel, livestock marketing specialist from Oklahoma State University, for a timely outlook on the cattle market. In this one-hour webinar, Derrell will look at expected production levels, profitability forecasts and essential risk management tools to ensure you’re well-prepared for the cattle market’s future.