Timber markets were generally weaker in the 2nd Quarter. Supply remained
only slightly above demand, pushing prices downward on many products.
Wood products markets weakened this quarter as well, with Southern pine
lumber and Southern OSB prices decreasing 14% and 33%, respectively,
in the 2nd Quarter. Pulp markets were mixed, with prices increasing 3% for
softwood pulp but decreasing marginally for hardwood this quarter.