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Wood Markets

MAY HEADLINES

 

Cover: Housing market still stalling economy

General Interest – p2

•Minn. streamlines environmental permitting

•GAO NEPA report, government prevailed in 86% cases, USFS won only 54%

•Obama admin. presses for firefighting funds

•Utah changes state tree to aspen

•Loblolly pine largest genome ever sequenced

•Wheat straw packaging firm to expand in ND

 

Economy & Housing – p4

•April jobs report mostly positive, up 288,000

•Real wage growth likely to improve

•New home sales down 4.2% y/y in April

 

Finance & Management – p5

•Sappi cutting 5% of U.S. workforce

•Sappi reports fyQ2 net income $32 million

•LP buyout of Ainsworth terminated

•LP posts Q1 net loss of $14 million

•Resolute permanent shut Fort Frances, Ont. mill

•Norbord Q1 net earnings $7 million

•Potlatch Q1 net income $20.3 million

•NewPage posts Q1 $71 million loss

•Verso Q1 net loss $69.1 million

•RockTenn buys Simpson Tacoma mill $343mil

•U.S. Postal Service posts fyQ2 loss of $1.9 billion

 

Production & Prices – p8

•Domestic UFS shipments down 7% ytd

•NA list pulp prices mostly flat, spot slips

•China BSK pricing down $60/tonne

•Sappi and Verso set $40/ton price increase on coated papers

 

Bio-Markets – p9

•Segetis to build $105 million biochemical plant in Hoyt Lakes, Minn.

•U.S. wood pellet exports nearly doubled last year

Wood Statistics Monthly – p10

•March wood products exports up 20% y/y

•Red Oak lumber prices increase again, taking mixed species pallet lumber along for the ride

 

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Don Deckard, Forest Economist

Minnesota DNR – Forestry

500 Lafayette Road

Saint Paul, MN 55155

Office: (651) 259-5287

Email: donald.deckard@state.mn.us

 

 

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