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Market Brief

September 25, 2020 - Hardwood markets have shifted towards the positive for most species. Even upper-grade Cherry is experiencing a little revival. An Appalachian exporter said, “China seems to be coming around, and both Northern and Appalachian contacts noted stronger demand from RV manufacturers. A Southern sawmill said, “Business is really good and we have orders into November.” More mills are anticipating a potential supply shortage, especially those struggling to bring logs into their yards. One Northern contact stated, “Paper plants are shutting down due to backlog of finished goods inventories,” and with pulp log demand down, fewer hardwood sawlogs will be cut as well.