{"id":88001,"date":"2024-08-20T09:28:35","date_gmt":"2024-08-20T09:28:35","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/could-us-lumber-prices-heading-for-a-recovery\/"},"modified":"2025-09-19T09:02:37","modified_gmt":"2025-09-19T09:02:37","slug":"could-us-lumber-prices-heading-for-a-recovery","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/could-us-lumber-prices-heading-for-a-recovery\/","title":{"rendered":"Could US lumber prices heading for a recovery?"},"content":{"rendered":"

The CME\u2019s continuous physical lumber futures contract fell 22.99% in Q2 and was down 21.24% over the first six months of 2024, closing Q2 at $450.50 per 1,000 board feet.<\/p>\n

Lumber could be close to a bottom near the $450 per 1,000 board feet level on July futures but the price could move lower as the wood futures market traded to a $326.60 low in May 2023.<\/p>\n

Physical lumber futures for September delivery were at the $488 per 1,000 board feet level on July 3, and they are higher above $500 on August 5.<\/p>\n

Lumber prices are stuck in neutral<\/strong><\/p>\n

As interest rates have remained higher for longer, lumber prices have been stuck in a static trading range.<\/p>\n

As the three-month chart highlights, nearby September physical lumber futures have traded in a $455.50 to $563.00 per 1,000 board range. The chart has a bearish bias, but the range is small, considering the old random-length lumber contract reached over $1,700 in 2021 and above $1,475 per 1,000 board feet in 2022.<\/p>\n

\"\"<\/a><\/p>\n

Over the past months, lumber futures have gone nowhere fast.<\/p>\n

The odds of an interest rate cut are increasing<\/strong><\/p>\n

The U.S. Fed\u2019s mandate is stable prices and full employment. The data over the past months indicates that unemployment is increasing. Meanwhile, the consumer and producer price indices and the Fed\u2019s favored PCE data have moved significantly lower, as inflation is now closer to its 2% target than the 2022 high.<\/p>\n

At recent press conferences, Fed Chairman Powell said that inflation does not have to drop to 2% before the central bank trims the short-term Fed Funds Rate. However, the FOMC will need \u201cevidence\u201d that inflation is trending towards the target.<\/p>\n

The bottom line is that recent economic data has set the stage for a 25-basis-point Fed Funds Rate cut. Lower rates favor lumber prices because falling mortgage rates support new home purchases and construction. The action in the stock market in early August could suggest a more aggressive 50 basis point cut.<\/p>\n

Seasonality tells us we may have to wait for a recovery<\/strong><\/p>\n

Lumber tends to be a seasonal commodity as construction often gears up during spring and reaches a low during winter. The 2021 high was in May, and the 2022 peak was in March. Moreover, highs in 2018 and in previous years often occurred during spring months.<\/p>\n

As markets are now in the heart of summer, falling interest rates may not meaningfully filter through to lumber demand until spring 2025. Therefore, lumber could remain in the current trading range throughout the rest of 2024.<\/p>","protected":false},"excerpt":{"rendered":"

The CME\u2019s continuous physical lumber futures contract fell 22.99% in Q2 and was down 21.24% over the first six months of 2024, closing Q2 at $450.50 per 1,000 board feet. Lumber could be close to a bottom near the $450 … Continue reading →<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":50441,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4716],"tags":[],"class_list":["post-88001","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-trends"],"acf":[],"yoast_head":"\nCould US lumber prices heading for a recovery? - Timber Industry News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.timberindustrynews.com\/ro\/could-us-lumber-prices-heading-for-a-recovery\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Could US lumber prices heading for a recovery? - Timber Industry News\" \/>\n<meta property=\"og:description\" content=\"The CME\u2019s continuous physical lumber futures contract fell 22.99% in Q2 and was down 21.24% over the first six months of 2024, closing Q2 at $450.50 per 1,000 board feet. Lumber could be close to a bottom near the $450 … Continue reading →\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.timberindustrynews.com\/ro\/could-us-lumber-prices-heading-for-a-recovery\/\" \/>\n<meta property=\"og:site_name\" content=\"Timber Industry News\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-20T09:28:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-19T09:02:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.timberindustrynews.com\/wp-content\/uploads\/2025\/09\/lumber7-19.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"GWMI Admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Scris de\" \/>\n\t<meta name=\"twitter:data1\" content=\"GWMI Admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Timp estimat pentru citire\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.timberindustrynews.com\/could-us-lumber-prices-heading-for-a-recovery\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.timberindustrynews.com\/could-us-lumber-prices-heading-for-a-recovery\/\"},\"author\":{\"name\":\"GWMI Admin\",\"@id\":\"https:\/\/www.timberindustrynews.com\/#\/schema\/person\/135a1ae8119d1d1755135add5b7287ff\"},\"headline\":\"Could US lumber prices heading for a recovery?\",\"datePublished\":\"2024-08-20T09:28:35+00:00\",\"dateModified\":\"2025-09-19T09:02:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.timberindustrynews.com\/could-us-lumber-prices-heading-for-a-recovery\/\"},\"wordCount\":407,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.timberindustrynews.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.timberindustrynews.com\/could-us-lumber-prices-heading-for-a-recovery\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.timberindustrynews.com\/wp-content\/uploads\/2025\/09\/lumber7-19.jpeg\",\"articleSection\":[\"Latest Trends\"],\"inLanguage\":\"ro-RO\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.timberindustrynews.com\/could-us-lumber-prices-heading-for-a-recovery\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.timberindustrynews.com\/could-us-lumber-prices-heading-for-a-recovery\/\",\"url\":\"https:\/\/www.timberindustrynews.com\/could-us-lumber-prices-heading-for-a-recovery\/\",\"name\":\"Could US lumber prices heading for a recovery? - Timber Industry News\",\"isPartOf\":{\"@id\":\"https:\/\/www.timberindustrynews.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.timberindustrynews.com\/could-us-lumber-prices-heading-for-a-recovery\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.timberindustrynews.com\/could-us-lumber-prices-heading-for-a-recovery\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.timberindustrynews.com\/wp-content\/uploads\/2025\/09\/lumber7-19.jpeg\",\"datePublished\":\"2024-08-20T09:28:35+00:00\",\"dateModified\":\"2025-09-19T09:02:37+00:00\",\"inLanguage\":\"ro-RO\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.timberindustrynews.com\/could-us-lumber-prices-heading-for-a-recovery\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"ro-RO\",\"@id\":\"https:\/\/www.timberindustrynews.com\/could-us-lumber-prices-heading-for-a-recovery\/#primaryimage\",\"url\":\"https:\/\/www.timberindustrynews.com\/wp-content\/uploads\/2025\/09\/lumber7-19.jpeg\",\"contentUrl\":\"https:\/\/www.timberindustrynews.com\/wp-content\/uploads\/2025\/09\/lumber7-19.jpeg\",\"width\":1600,\"height\":900},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.timberindustrynews.com\/#website\",\"url\":\"https:\/\/www.timberindustrynews.com\/\",\"name\":\"Timber Industry News\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.timberindustrynews.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.timberindustrynews.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"ro-RO\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.timberindustrynews.com\/#organization\",\"name\":\"Timber Industry News\",\"url\":\"https:\/\/www.timberindustrynews.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"ro-RO\",\"@id\":\"https:\/\/www.timberindustrynews.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.timberindustrynews.com\/wp-content\/uploads\/2022\/06\/logo_color.svg\",\"contentUrl\":\"https:\/\/www.timberindustrynews.com\/wp-content\/uploads\/2022\/06\/logo_color.svg\",\"width\":150,\"height\":57,\"caption\":\"Timber Industry News\"},\"image\":{\"@id\":\"https:\/\/www.timberindustrynews.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.timberindustrynews.com\/#\/schema\/person\/135a1ae8119d1d1755135add5b7287ff\",\"name\":\"GWMI Admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"ro-RO\",\"@id\":\"https:\/\/www.timberindustrynews.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7e3f366983e368f37c12ad29c07423641931b311f2561bc3cb4b4eaf6f44c3cb?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7e3f366983e368f37c12ad29c07423641931b311f2561bc3cb4b4eaf6f44c3cb?s=96&d=mm&r=g\",\"caption\":\"GWMI Admin\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Could US lumber prices heading for a recovery? - Timber Industry News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.timberindustrynews.com\/ro\/could-us-lumber-prices-heading-for-a-recovery\/","og_locale":"ro_RO","og_type":"article","og_title":"Could US lumber prices heading for a recovery? - Timber Industry News","og_description":"The CME\u2019s continuous physical lumber futures contract fell 22.99% in Q2 and was down 21.24% over the first six months of 2024, closing Q2 at $450.50 per 1,000 board feet. Lumber could be close to a bottom near the $450 … Continue reading →","og_url":"https:\/\/www.timberindustrynews.com\/ro\/could-us-lumber-prices-heading-for-a-recovery\/","og_site_name":"Timber Industry News","article_published_time":"2024-08-20T09:28:35+00:00","article_modified_time":"2025-09-19T09:02:37+00:00","og_image":[{"width":1600,"height":900,"url":"https:\/\/www.timberindustrynews.com\/wp-content\/uploads\/2025\/09\/lumber7-19.jpeg","type":"image\/jpeg"}],"author":"GWMI Admin","twitter_card":"summary_large_image","twitter_misc":{"Scris de":"GWMI Admin","Timp estimat pentru citire":"2 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.timberindustrynews.com\/could-us-lumber-prices-heading-for-a-recovery\/#article","isPartOf":{"@id":"https:\/\/www.timberindustrynews.com\/could-us-lumber-prices-heading-for-a-recovery\/"},"author":{"name":"GWMI Admin","@id":"https:\/\/www.timberindustrynews.com\/#\/schema\/person\/135a1ae8119d1d1755135add5b7287ff"},"headline":"Could US lumber prices heading for a recovery?","datePublished":"2024-08-20T09:28:35+00:00","dateModified":"2025-09-19T09:02:37+00:00","mainEntityOfPage":{"@id":"https:\/\/www.timberindustrynews.com\/could-us-lumber-prices-heading-for-a-recovery\/"},"wordCount":407,"commentCount":0,"publisher":{"@id":"https:\/\/www.timberindustrynews.com\/#organization"},"image":{"@id":"https:\/\/www.timberindustrynews.com\/could-us-lumber-prices-heading-for-a-recovery\/#primaryimage"},"thumbnailUrl":"https:\/\/www.timberindustrynews.com\/wp-content\/uploads\/2025\/09\/lumber7-19.jpeg","articleSection":["Latest Trends"],"inLanguage":"ro-RO","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.timberindustrynews.com\/could-us-lumber-prices-heading-for-a-recovery\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.timberindustrynews.com\/could-us-lumber-prices-heading-for-a-recovery\/","url":"https:\/\/www.timberindustrynews.com\/could-us-lumber-prices-heading-for-a-recovery\/","name":"Could US lumber prices heading for a recovery? - Timber Industry News","isPartOf":{"@id":"https:\/\/www.timberindustrynews.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.timberindustrynews.com\/could-us-lumber-prices-heading-for-a-recovery\/#primaryimage"},"image":{"@id":"https:\/\/www.timberindustrynews.com\/could-us-lumber-prices-heading-for-a-recovery\/#primaryimage"},"thumbnailUrl":"https:\/\/www.timberindustrynews.com\/wp-content\/uploads\/2025\/09\/lumber7-19.jpeg","datePublished":"2024-08-20T09:28:35+00:00","dateModified":"2025-09-19T09:02:37+00:00","inLanguage":"ro-RO","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.timberindustrynews.com\/could-us-lumber-prices-heading-for-a-recovery\/"]}]},{"@type":"ImageObject","inLanguage":"ro-RO","@id":"https:\/\/www.timberindustrynews.com\/could-us-lumber-prices-heading-for-a-recovery\/#primaryimage","url":"https:\/\/www.timberindustrynews.com\/wp-content\/uploads\/2025\/09\/lumber7-19.jpeg","contentUrl":"https:\/\/www.timberindustrynews.com\/wp-content\/uploads\/2025\/09\/lumber7-19.jpeg","width":1600,"height":900},{"@type":"WebSite","@id":"https:\/\/www.timberindustrynews.com\/#website","url":"https:\/\/www.timberindustrynews.com\/","name":"\u0218tiri din industria lemnului","description":"","publisher":{"@id":"https:\/\/www.timberindustrynews.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.timberindustrynews.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"ro-RO"},{"@type":"Organization","@id":"https:\/\/www.timberindustrynews.com\/#organization","name":"\u0218tiri din industria lemnului","url":"https:\/\/www.timberindustrynews.com\/","logo":{"@type":"ImageObject","inLanguage":"ro-RO","@id":"https:\/\/www.timberindustrynews.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.timberindustrynews.com\/wp-content\/uploads\/2022\/06\/logo_color.svg","contentUrl":"https:\/\/www.timberindustrynews.com\/wp-content\/uploads\/2022\/06\/logo_color.svg","width":150,"height":57,"caption":"Timber Industry News"},"image":{"@id":"https:\/\/www.timberindustrynews.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.timberindustrynews.com\/#\/schema\/person\/135a1ae8119d1d1755135add5b7287ff","name":"GWMI Admin","image":{"@type":"ImageObject","inLanguage":"ro-RO","@id":"https:\/\/www.timberindustrynews.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7e3f366983e368f37c12ad29c07423641931b311f2561bc3cb4b4eaf6f44c3cb?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7e3f366983e368f37c12ad29c07423641931b311f2561bc3cb4b4eaf6f44c3cb?s=96&d=mm&r=g","caption":"GWMI Admin"}}]}},"_links":{"self":[{"href":"https:\/\/www.timberindustrynews.com\/ro\/wp-json\/wp\/v2\/posts\/88001","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.timberindustrynews.com\/ro\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.timberindustrynews.com\/ro\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.timberindustrynews.com\/ro\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.timberindustrynews.com\/ro\/wp-json\/wp\/v2\/comments?post=88001"}],"version-history":[{"count":0,"href":"https:\/\/www.timberindustrynews.com\/ro\/wp-json\/wp\/v2\/posts\/88001\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.timberindustrynews.com\/ro\/wp-json\/wp\/v2\/media\/50441"}],"wp:attachment":[{"href":"https:\/\/www.timberindustrynews.com\/ro\/wp-json\/wp\/v2\/media?parent=88001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.timberindustrynews.com\/ro\/wp-json\/wp\/v2\/categories?post=88001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.timberindustrynews.com\/ro\/wp-json\/wp\/v2\/tags?post=88001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}