{"id":515,"date":"2025-12-31T06:35:47","date_gmt":"2025-12-31T14:35:47","guid":{"rendered":"https:\/\/tandhforest.com\/?p=515"},"modified":"2025-12-31T06:35:47","modified_gmt":"2025-12-31T14:35:47","slug":"market-update-spf-december-2025","status":"publish","type":"post","link":"https:\/\/tandhforest.com\/wp\/?p=515","title":{"rendered":"Market Update: SPF December 2025"},"content":{"rendered":"<p data-start=\"100\" data-end=\"119\"><strong data-start=\"100\" data-end=\"117\">Key Takeaways<\/strong><\/p>\n<ul>\n<li data-start=\"162\" data-end=\"301\">Market activity softened modestly with the start of the holiday season across many framing lumber markets in North America. Holiday absences reduced staffing, but inquiry levels remained relatively steady, helping to stabilize market tone toward year-end.<\/li>\n<li data-start=\"162\" data-end=\"301\">After falling by roughly 20% from mid-October through late November, SPF <a class=\"x1i10hfl xjbqb8w x1ejq31n x18oe1m7 x1sy0etr xstzfhl x972fbf x10w94by x1qhh985 x14e42zd x9f619 x1ypdohk xt0psk2 x3ct3a4 xdj266r x14z9mp xat24cr x1lziwak xexx8yu xyri2b x18d9i69 x1c1uobl x16tdsg8 x1hl2dhg xggy1nq x1a2a7pz  _aa9_ _a6hd\" tabindex=\"0\" role=\"link\" href=\"https:\/\/www.instagram.com\/explore\/tags\/2\/\">#2<\/a>&amp;Btr prices reversed in December and posted a steady improvement through the month. Prices recovered by about 10%, and while levels remain low, the change in direction has shifted attention toward early-year market trends.<\/li>\n<li data-start=\"162\" data-end=\"301\">The prolonged weakness in\u00a0<a class=\"x1i10hfl xjbqb8w x1ejq31n x18oe1m7 x1sy0etr xstzfhl x972fbf x10w94by x1qhh985 x14e42zd x9f619 x1ypdohk xt0psk2 x3ct3a4 xdj266r x14z9mp xat24cr x1lziwak xexx8yu xyri2b x18d9i69 x1c1uobl x16tdsg8 x1hl2dhg xggy1nq x1a2a7pz  _aa9_ _a6hd\" tabindex=\"0\" role=\"link\" href=\"https:\/\/www.instagram.com\/explore\/tags\/2\/\">#2<\/a>&amp;Btr earlier in Q4 weighed on Q1 2026 J-Grade negotiations. As\u00a0<a class=\"x1i10hfl xjbqb8w x1ejq31n x18oe1m7 x1sy0etr xstzfhl x972fbf x10w94by x1qhh985 x14e42zd x9f619 x1ypdohk xt0psk2 x3ct3a4 xdj266r x14z9mp xat24cr x1lziwak xexx8yu xyri2b x18d9i69 x1c1uobl x16tdsg8 x1hl2dhg xggy1nq x1a2a7pz  _aa9_ _a6hd\" tabindex=\"0\" role=\"link\" href=\"https:\/\/www.instagram.com\/explore\/tags\/2\/\">#2<\/a>&amp;Btr pricing began to improve in December, Q1 J-Grade ultimately settled at around 5% below Q4 levels, suggesting the late-year recovery may have helped limit further downside.<\/li>\n<\/ul>\n<p><strong>Western SPF J-Grade 2\u2033x4\u2033<\/strong><\/p>\n<ul>\n<li>December 2025: $595-$605<\/li>\n<li>MoM: \u25b2$15 (\u25b22.5%)<\/li>\n<li>YoY: \u25b2$40 (\u25b26.3%)<\/li>\n<\/ul>\n<p>*C&amp;F JPN, USD per Thousand Board Feet<\/p>\n<p><strong>Western SPF #2&amp;BTR 2\u2033x4\u2033<\/strong><\/p>\n<ul>\n<li>December 2025: $422<\/li>\n<li>MoM: +$37 (+9.6%)<\/li>\n<li>YoY: \u25b2$16 (\u25b23.7%)<\/li>\n<\/ul>\n<p>*FOB Mill in Canada, USD per Thousand Board Feet<\/p>\n<p><strong>Western SPF #3\/Utility 2\u2033x4\u2033<\/strong><\/p>\n<ul>\n<li>December 2025: $275<\/li>\n<li>MoM: +$5 (+1.9%)<\/li>\n<li>YoY: \u25b2$55 (\u25b216.7%)<\/li>\n<\/ul>\n<p>*FOB Mill in Canada, USD per Thousand Board Feet<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-516\" src=\"https:\/\/tandhforest.com\/wp-content\/uploads\/2025\/12\/26458045-A11F-450D-97BF-C7A7C2787901-226x300.jpg\" alt=\"\" width=\"226\" height=\"300\" srcset=\"https:\/\/tandhforest.com\/wp\/wp-content\/uploads\/2025\/12\/26458045-A11F-450D-97BF-C7A7C2787901-226x300.jpg 226w, https:\/\/tandhforest.com\/wp\/wp-content\/uploads\/2025\/12\/26458045-A11F-450D-97BF-C7A7C2787901-772x1024.jpg 772w, https:\/\/tandhforest.com\/wp\/wp-content\/uploads\/2025\/12\/26458045-A11F-450D-97BF-C7A7C2787901-768x1019.jpg 768w, https:\/\/tandhforest.com\/wp\/wp-content\/uploads\/2025\/12\/26458045-A11F-450D-97BF-C7A7C2787901-1158x1536.jpg 1158w, https:\/\/tandhforest.com\/wp\/wp-content\/uploads\/2025\/12\/26458045-A11F-450D-97BF-C7A7C2787901-1544x2048.jpg 1544w, https:\/\/tandhforest.com\/wp\/wp-content\/uploads\/2025\/12\/26458045-A11F-450D-97BF-C7A7C2787901-scaled.jpg 1930w\" sizes=\"auto, (max-width: 226px) 100vw, 226px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Market activity softened modestly with the start of the holiday season across many framing lumber markets in North America. Holiday absences reduced staffing, but inquiry levels remained relatively steady, helping to stabilize market tone toward year-end. After falling by roughly 20% from mid-October through late November, SPF #2&amp;Btr prices reversed in December and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,1],"tags":[],"class_list":["post-515","post","type-post","status-publish","format-standard","hentry","category-market-update","category-news"],"_links":{"self":[{"href":"https:\/\/tandhforest.com\/wp\/index.php?rest_route=\/wp\/v2\/posts\/515","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tandhforest.com\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tandhforest.com\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tandhforest.com\/wp\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tandhforest.com\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=515"}],"version-history":[{"count":1,"href":"https:\/\/tandhforest.com\/wp\/index.php?rest_route=\/wp\/v2\/posts\/515\/revisions"}],"predecessor-version":[{"id":517,"href":"https:\/\/tandhforest.com\/wp\/index.php?rest_route=\/wp\/v2\/posts\/515\/revisions\/517"}],"wp:attachment":[{"href":"https:\/\/tandhforest.com\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tandhforest.com\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tandhforest.com\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}