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USDA: Projecting Lumber Demand In The U.S. And Abroad

“Lumber and economic growth are tightly connected,” says USDA Forest Service scientist Jeffrey Prestemon. “At a certain rate of GDP growth, you get a certain path of lumber consumption.” Prestemon recently led a study that projects softwood lumber demand under...

OSU Gets Grant For Cross-Laminated Timber Research

Oregon Senators Jeff Merkley, the top Democrat on the Senate Appropriations Agriculture subcommittee, and Ron Wyden announced Thursday that a nearly half-million dollar U.S. Department of Agriculture grant was awarded to Oregon State University for research on the...

Global Lumber Market: Futures Prices Still Breaking Records

Back in March, FreightWaves reported on a “perfect storm for lumber markets”: a confluence of strong global demand and critical supply issues that caused futures prices for a thousand board feet of lumber to break $500 for the first time ever. To put that number in...

Tennessee Sawmill To Expand, Creating 100 News Jobs

Escue Wood Treated Products, a manufacturer of pressure-treated wood, will invest $3.3 million in a new manufacturing facility in Tennessee – creating 100 jobs. The new facility will produce 60 million board feet of treated pine lumber annually. “We appreciate...