Bill's Corner- An Eastern Spruce Perspective

Demand and activity improved in the eastern spruce lumber market yesterday. Although prices were suspect, they proved to be the catalyst to getting orders. The mills took the small counters to procure the business. Despite the adjustments made by the mills to lower production, supply continues to outpace demand, keeping pressure on prices. The mills are taking their hits but avoiding the lumps. Dealers have gotten busier lately, but still do not have the urgency to buy and load up on inventory. Now, they can get what they need within a reasonable timeframe. Once this changes, the market will be different rather quickly.