Bill's Corner- An Eastern Spruce Perspective

Sales slowed in the eastern spruce lumber market yesterday. Demand was still vibrant, but the lack of supply was the main culprit to easing the volume of orders transacted. The eastern mills continued their philosophy of selling only what they had on the ground and nothing more. Daily mill updates as to what could be sold kept buyers on their toes, but those lists contained fewer and selective items to trade with. As a result, greater dependency turned to distributors reloads to supply needs, making them more protective of their inventories and defensive with their pricing.