Winter weather slows wood products markets

The month of March has lived up to its reputation as a tough month to get through for wood products market, as the bull market of the first two months of the year could not be sustained. Unusually late winter weather has plagued most of the Northeast corridor of the country with four storms in the past three weeks. Rain on the West Coast has also slowed consumption in the field, giving buyers many reasons to sit on their hands. Winter weather is nearly always the trump card, and has contributed to this market change as well. Once buyers got their fingers over the edge of the bull market and collectively willed it to a standstill, prices inevitably gave way on lumber and most panel items, but unevenly.