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USDA Kills Hardwood Checkoff Program

There will be no Hardwood Checkoff promotions program. The U.S. Department of Agriculture has stopped the rulemaking process on the controversial “Hardwood Lumber and Hardwood Plywood Promotion, Research and Information Order.” Published in the Oct. 28...

Martco To Build OSB Facility In Corrigan

Martco To Build OSB Facility In Corrigan Martco L.L.C. announced the selection of Corrigan, Texas as the location for a new, state-of-the-art oriented strandboard (OSB) facility. The facility is expected to employ 165. Construction is scheduled to begin this summer,...

U.S. Home Building Drives Up Lumber Prices

U.S. lumber prices are near an eight-year high as demand for the staple commodity of the American housing sector has risen on the back of a pick-up in new home construction. Lumber – or sawn timber – futures contracts for March delivery stood at $380 per 1,000 board...