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Susan Allen BC Wild Fires boost US Timber Sales
by Susan Allen, click here for bio

Program: Land & Livestock Report
Date: July 28, 2017

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With your Land and Livestock Report I’m Susan Allen. Those harvesting timber in the Northwest could see prices rise due to the Wildfires exacting an economic toll on the British Columbia timber industry. CBC News reports that the wildfires in the B.C. Interior that have forced some sawmills to halt operations have resulted in a boost in lumber prices at a time when forestry companies have been squeezed by softwood duties on exports to the U.S. By last Friday, the benchmark price of Western spruce-pine-fir lumber rose 7.12 per cent to $406 US per thousand board feet from $379 US last Friday. Ketan Mamtora, an analyst with BMO Capital Markets, was also quoted by CBC saying he expects lumber prices will rise between six and eight per cent over the next couple of weeks, partly due to a limited supply. By 2018 Montana, Wyoming and Colorado dairy farmers will merge with another regional association, Dairy Max that includes producers in Texas, New Mexico, Kansas, and Oklahoma. CEO of Dairy Max, Mike Konkle is encouraged about the merger.

KONKLE: Dairy management incorporated DMI is our national organization and there are 18 state, and regional organizations that help execute the unified marketing plan in conjunction with DMI and the work that Dairy Marx and Western Dairy Association are doing is very very similar and in my opinion is a great fit.

Konkle adds that with the new merger, it’s up to the current dairy leadership of both entities to help shape what the merged board will look like.

 

 

 

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