Timber markets were generally weaker in the 3rd Quarter. Supply remained
above demand, pushing prices downward on many products.
Wood products markets weakened further this quarter, with Southern pine
lumber prices decreasing to its lowest level in 10 years and Southern OSB
prices decreasing to its lowest level since 3rd Quarter 2019. Pulp markets
also weakened in the 3rd Quarter, with prices decreasing 5% for softwood
pulp and 12% for hardwood this quarter.