The Lumber Word

By Ashley Boeckholt

Three Lumber Industry veterans talk about the weekly, monthly and yearly trends. What is going on with inventory in the field, production and distribution. We help educate everyone in the distribution... more

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FAQs about The Lumber Word:

How many episodes does The Lumber Word have?

The podcast currently has 131 episodes available.

The Lumber Word episodes:

June 11, 2026 EP 171: The Bull Market Nobody Believes In (Yet)
The lumber market may be sending its clearest signal of 2026: supply is shrinking, inventories are lean, and futures are leading the charge higher. In Episode 171, the crew welcomes industry veteran Kip Fotheringham for a deep dive into the forces reshaping North American lumber markets.

From tightening SPF supply and Southern Yellow Pine transportation challenges to Canadian curtailments, futures fund short covering, and the surprising resilience of housing demand, the group lays out the bullish case that's beginning to unfold. They debate whether we're in the first inning or the third inning of a larger rally, examine why major funds are potentially abandoning short positions, and discuss how shrinking production capacity could collide with steady demand to create a much tighter market through the summer.

The conversation also explores Berkshire Hathaway's investment in homebuilding, multifamily construction strength, pulp mill closures, fiber supply challenges, and the Longview explosion's potential impact on Western sawmill production. If you're a lumber buyer, trader, mill operator, or builder, this episode offers a roadmap to the risks—and opportunities—developing beneath the surface of today's market.

Timeline
00:00 – Lumber, Airports & Industry Reach
Portland Airport gets a surprising shoutout, and the crew shares a story highlighting how The Lumber Word continues to influence industry conversations.
03:30 – Are We Early in a Bull Market?
The panel debates whether the lumber rally is just getting started and what buyers should be doing right now.
07:00 – Transportation Becomes the Story
Escalating trucking costs and regional supply constraints are changing how lumber moves across North America.
09:00 – Canada's Supply Problem Gets Real
Discussion on curtailments, mill economics, and why North American production continues to shrink.
15:00 – Why This Summer Feels Different
The crew explains why inventory positions, contract reductions, and tariff pressures have created an unusual setup.
22:00 – The Longview Explosion & Fiber Fallout
A major disruption in the Pacific Northwest raises new questions about residual markets and future sawmill production.
25:00 – Smart Money is Buying Housing
Berkshire Hathaway, Japanese investors, and multifamily construction all point toward longer-term confidence in housing demand.
30:00 – Funds Are Covering Shorts
Kip breaks down what the futures market is signaling and why short-covering could fuel a larger move higher.
35:00 – What Could Derail the Rally?
The group examines the biggest risks to their bullish outlook and what buyers should watch over the next 30 days.
44:00 – Final Take: Bullish Until Proven Otherwise
The episode wraps with a discussion on shrinking supply, steady demand, and why the market's biggest surprise may still be ahead.
Guest: Kip Fotheringham
Lumber Trader and Market Expert
[email protected]

Advertiser
Fastmarkets RISI
Tiranth Amarasinghe
Product Marketing Manager
[email protected]
www.fastmarkets.com
Show Contacts:
Gregg Riley: [email protected]
Charles DeLaTorre: [email protected]
Matt Beymer: [email protected]
Ashley Boeckholt: [email protected]
...more
46min
June 05, 2026 EP 170: Freight Is Eating the Lumber Market
This week on The Lumber Word, the crew tackles the biggest issue in lumber today: freight. From Buffalo reloads buried under railcars to Southern Pine mills struggling with transportation costs, the conversation centers on how logistics—not mill prices—are driving the market. The team discusses tightening inventories, shrinking North American supply, species substitution, and why prompt wood may be worth more than ever. Gregg doubles down on his bullish lumber outlook, while the group debates whether SPF is significantly undervalued heading into the second half of 2026. If freight remains tight and supply stays constrained, the market could be setting up for a stronger move than many expect.
Timeline
0:00 – Back From the Road – Travel stories, reload visits, and market observations.
2:00 – Buffalo Is Jammed – Railcars are arriving fast and unloading slowly.
5:00 – Chicago Reload Expansion – New capacity could become a major advantage.
7:00 – Freight Is the Story – Higher trucking costs are changing lumber economics.
11:00 – Pine Mills Hit the Brakes – Transportation issues may be limiting production.
15:00 – Contract Pricing Gets Tested – Suppliers are absorbing freight pain.
18:00 – Rail vs. Truck – Why transportation knowledge is becoming a competitive edge.
23:00 – Greg's Bull Case – Less supply, steady demand, and higher prices ahead.
29:00 – Prompt Wood Wins – Inventory ready to ship is commanding a premium.
32:00 – Lean Pipelines Everywhere – Buyers may be more undercovered than they realize.
35:00 – Second Half Setup – The crew sees more reasons for lumber to rise than fall.
Advertiser
Fastmarkets RISI
Tiranth Amarasinghe
Product Marketing Manager
[email protected]
www.fastmarkets.com
Show Contacts:
Gregg Riley: [email protected]
Charles DeLaTorre: [email protected]
Matt Beymer: [email protected]
Ashley Boeckholt: [email protected]
...more
57min
May 21, 2026 EP 169: Commando Lumber Trading: Tight Wood, No Trucks, No Hedge
The crew breaks down a lumber market that feels calm on the surface but is getting tighter underneath. Trucking is a disaster, inventories stay lean, mills are not panicking, and buyers still have not adjusted.
0:00-4:00 - College kids, Waymos, and bad decisions after midnight
4:00-9:00 - SYP stabilizes but trucking wrecks pricing
9:00-15:00 - Freight market insanity and disappearing trucks
15:00-22:00 - Spruce stays steady while inventories thin out
22:00-28:00 - Canadian curtailments and supply fears build
28:00-34:00 - Reloads emptying and buyers still underbought
34:00-39:00 - Futures, no hedge, and bullish summer bets
Advertiser
Fastmarkets RISI
Tiranth Amarasinghe
Product Marketing Manager
[email protected]
www.fastmarkets.com
Show Contacts:
Gregg Riley: [email protected]
Charles DeLaTorre: [email protected]
Matt Beymer: [email protected]
Ashley Boeckholt: [email protected]
...more
54min
May 14, 2026EP 168: Is Lumber Coiling for a Summer Breakout?
This week on The Lumber Word, Matt, Gregg, Ashley, and guest Mike Wisnefski from Westline Capital Strategies break down one of the most interesting lumber markets in years. The crew discusses low volatility, lean inventories, seasonal strength, futures market psychology, pine versus spruce pricing, multifamily demand, and why the next major lumber move could happen fast. The episode also explores European lumber markets, supply chain transparency, and current housing market realities.
Timeline
0:00 – Intro & Mike Wisnefski joins
1:45 – Market feels split
4:10 – Western lumber floor
7:30 – Seasonal market trends
12:00 – Curtailments & duties
15:20 – Futures pessimism
17:30 – Housing & multifamily
22:45 – Volatility discussion
27:00 – Inventory strategy
29:00 – Pine vs spruce
35:30 – Europe market insights
39:30 – Quarterly pricing
42:00 – Final market outlook
Guest: Mike Wisnefski from Westline Capital Strategies Inc.
[email protected]
SYP June 2026 SYP StoneX Southern Yellow Pine Lumber Risk Academy
June 9, 2026-June 10, 2026
Information and Registration for the SYP Hedging Academy
https://stonex.cventevents.com/event/SYPLRA2026/summary
Advertiser
Fastmarkets RISI
Tiranth Amarasinghe
Product Marketing Manager
[email protected]
www.fastmarkets.com
Show Contacts:
Gregg Riley: [email protected]
Charles DeLaTorre: [email protected]
Matt Beymer: [email protected]
Ashley Boeckholt: [email protected]
...more
1h 9min
May 07, 2026 EP 167: Is Lumber Quietly Setting Up for Another Bull Run?
This week on The Lumber Word, Ashley, Gregg, Matt, and Charles break down one of the more confusing lumber markets in recent memory. Despite fears coming out of Montréal, buyers haven’t really changed behavior, trucking is slowly improving, and distributors are still moving wood. The crew dives deep into the widening divide between Southern Pine and Western species, shrinking production, freight chaos, inventory strategy, and whether the market is quietly building the foundation for higher prices later this summer. The big question: are we in equilibrium… or on the verge of another squeeze?
Timeline
0:00 – 3:00 — Market recap after Montréal, trucking loosens up, buyers still active
3:00 – 6:00 — Southern Pine weakness vs strong 2x6 demand across Western species
6:00 – 10:00 — Inventory turns, mills running less 2x4, and distributors staying busy
10:00 – 15:00 — Housing data surprises to the upside and Gregg explains why he’s leaning bullish
15:00 – 20:00 — Canadian market softness vs tight U.S. Western supply
20:00 – 27:00 — Risk management, shrinking spreads, and why nobody wants to speculate
27:00 – 33:00 — Freight volatility and the challenge of quoting future delivered business
33:00 – 40:00 — Pine finding a bottom, species spreads, and what could trigger the next move higher
Advertiser
Fastmarkets RISI
Dustin Jalbert
Senior Economist Wood Products
[email protected]
www.fastmarkets.com
Show Contacts:
Gregg Riley: [email protected]
Charles DeLaTorre: [email protected]
Matt Beymer: [email protected]
Ashley Boeckholt: [email protected]

ne of the more confusing lumber markets in recent memory. Despite fears coming out of Montréal, buyers haven’t really changed behavior, trucking is slowly improving, and distributors are still moving wood. The crew dives deep into the widening divide between Southern Pine and Western species, shrinking production, freight chaos, inventory strategy, and whether the market is quietly building the foundation for higher prices later this summer. The big question: are we in equilibrium… or on the verge of another squeeze?
Timeline
0:00 – 3:00 — Market recap after Montréal, trucking loosens up, buyers still active
3:00 – 6:00 — Southern Pine weakness vs strong 2x6 demand across Western species
6:00 – 10:00 — Inventory turns, mills running less 2x4, and distributors staying busy
10:00 – 15:00 — Housing data surprises to the upside and Gregg explains why he’s leaning bullish
15:00 – 20:00 — Canadian market softness vs tight U.S. Western supply
20:00 – 27:00 — Risk management, shrinking spreads, and why nobody wants to speculate
27:00 – 33:00 — Freight volatility and the challenge of quoting future delivered business
33:00 – 40:00 — Pine finding a bottom, species spreads, and what could trigger the next move higher
Advertiser
Fastmarkets RISI
Dustin Jalbert
Senior Economist Wood Products
[email protected]
www.fastmarkets.com
Show Contacts:
Gregg Riley: [email protected]
Charles DeLaTorre: [email protected]
Matt Beymer: [email protected]
Ashley Boeckholt: [email protected]

...more
57min
April 30, 2026 EP 166: Is Freight the Real Lumber Market Right Now?
This week’s episode breaks down a confusing lumber market where price prints don’t reflect reality. Southern Pine appears to be selling off, but much of the move is driven by rising and volatile freight costs rather than true demand weakness. Inventory remains tight in many regions, while buyers hesitate due to bearish sentiment and futures discounts. Meanwhile, multifamily construction continues to support demand, even as overall housing trends flatten. The result is a fragmented, regional “island market” where logistics—not supply—are dictating price.
Timeline (Condensed)
0:00 – Market Setup: Weak tone on paper, post-Montreal reset
2:00 – Pine Selloff = Freight Story: Prices down, driven by trucking costs
5:00 – Cash vs Futures Disconnect: Strong Western pricing vs discounted board
10:00 – Supply Constraints: Euro down, Canada tight, limited new supply
15:00 – Housing Demand: Flat overall, multifamily supporting pine
20:00 – Fragmented Market: Regional “islands,” no easy arbitrage
25:00 – Relative Value Trades: 2x6 vs 2x4 spread, board looks cheap
30:00 – Buyer Behavior Shift: Late buying driving higher freight
35:00 – Key Takeaway Trades: Futures and select items show opportunity

Advertiser
Fastmarkets RISI
Dustin Jalbert
Senior Economist Wood Products
[email protected]
www.fastmarkets.com
Show Contacts:
Gregg Riley: [email protected]
Charles DeLaTorre: [email protected]
Matt Beymer: [email protected]
Ashley Boeckholt: [email protected]

...more
52min
April 17, 2026 EP 165: Spring-time Round Up
Summary
Recorded during Montreal Wood Convention week with Kip Fotheringham, this episode breaks down a confusing but strong lumber market.

Truck demand is hot, rail is lagging, and inventories are being drawn down while big buyers stay just-in-time. Euro supply is tightening, tariffs remain a wildcard, and mills still aren’t making money—keeping supply in check.

The big question: Is this market about to roll over… or keep grinding higher?
Timeline
0:00 – Market confusion + SYP volatility
2:00 – Truck vs rail market split
4:00 – Inventory drawdown strategy
6:00 – SPF strength + tight supply
8:00 – Euro supply dropping off
12:00 – Tariffs (AR6 → AR7) breakdown
15:00 – Mills still losing money
18:00 – Logistics driving everything
25:00 – Macro + economy check
27:00 – SYP gaining market share
38:00 – Futures shifting (contango → tighter)
46:00 – Just-in-time buyers vs distributors
Guest
Kip Fotheringham
[email protected]

Advertiser
Fastmarkets RISI
Dustin Jalbert
Senior Economist Wood Products
[email protected]
www.fastmarkets.com
Show Contacts:
Gregg Riley: [email protected]
Charles DeLaTorre: [email protected]
Matt Beymer: [email protected]
Ashley Boeckholt: [email protected]
...more
52min
April 09, 2026 EP 164: The K-Shaped Economy—Who’s Pulling the Wagon?
Ashley, Gregg, Matt, and Charles are joined by Brian Wesbury, Chief Economist at First Trust Advisors, a bestselling author, and one of the most sought-after voices in macroeconomics today. When markets get noisy, Brian’s the guy cutting through it with data and conviction.

The crew dives into the macro forces shaping lumber—from government spending and the “K-shaped” economy to housing completions, freight spikes, and regional demand shifts.

They break down why affordability is still broken, what’s driving trucking chaos, and whether strong Southern demand can carry the market forward. Plus—how AI, migration trends, and policy decisions could reshape housing, labor, and the broader economy.

If you want to understand where lumber demand is heading (and why), this one delivers.

Timeline
00:00 – Brian Wesbury joins + macro setup
03:30 – Taxes, migration & policy shifts
08:30 – Government spending vs affordability
14:00 – Housing completions & demand outlook
16:00 – Freight spikes & supply chain issues
18:30 – Southern vs Northern demand
24:00 – The “K-shaped” economy explained
30:00 – Growth, incentives & middle class
41:00 – AI, jobs & future risks

Guest
Brian S. Wesbury
Chief Economist / First Trust
www.ftportfolios.com

Advertiser
Fastmarkets RISI
Dustin Jalbert
Senior Economist Wood Products
[email protected]
www.fastmarkets.com
Show Contacts:
Gregg Riley: [email protected]
Charles DeLaTorre: [email protected]
Matt Beymer: [email protected]
Ashley Boeckholt: [email protected]
...more
58min
April 03, 2026 EP 163: Paywalls, Pine Rips, and Freight Freakouts
Holy Week edition with a major announcement—The Lumber Word is going subscription for people wanting to listen first!
The crew breaks down what that means, why timing matters in a 24–48-hour data market,
and then dives headfirst into one of the wildest setups we’ve seen: freight chaos,
pine vs. spruce divergence, and a market that might still have legs… or be closer to the edge than you think.

Timestamps:
0:00 – Holy Week kickoff + big shift to subscriber early access (no ads, faster intel)
4:00 – Russ Taylor debate, AD/CVD reality, and why nothing’s changing soon
9:00 – Freight explosion: rail surcharges + trucking volatility crushing margins
13:00 – Back-to-back trading vs. real value in a chaotic logistics market
14:00 – Pine vs. Spruce: why SYP ripped and SPF lagged hard
20:00 – Contracts vs. spot market—are they distorting price discovery?
29:00 – Freight as the real driver of the pine rally (canary in the coal mine)
33:00 – Bull market or head fake? Supply cuts vs. pipeline restock debate
35:00 – “Seller arrogance” = warning sign of a potential top
40:00 – Buyers scrambling to rebuild inventory + hot items emerging fast
Takeaway:
Freight is the hidden force, Pine led the charge, and now the market’s walking a tightrope
between a continued grind higher… or the early signs of a summer reset.

Advertiser
Fastmarkets RISI
Dustin Jalbert
Senior Economist Wood Products
[email protected]
www.fastmarkets.com
Show Contacts:
Gregg Riley: [email protected]
Charles DeLaTorre: [email protected]
Matt Beymer: [email protected]
Ashley Boeckholt: [email protected]

...more
54min
March 28, 2026 EP 162: Is Lumber Having Its WTF Moment?
Mike Logelin (Gulf Coast Shelter) is back and breaking down what it really looks like to build a lumber business from the ground up—team building, growing pains, and why patience matters in today’s market. Then the crew dives headfirst into one of the most dynamic setups we’ve seen in a while: tightening supply, exploding low-grade pricing, and a freight market that’s turning everything upside down.

From Southern Yellow Pine ripping higher to spruce and hem-fir tightening fast, this episode connects the dots between species spreads, trucking chaos, and why the next “panic buy” moment might be closer than you think.

If you want to understand what’s actually driving this market—and where the opportunity (and risk) is—this one delivers.
Timestamps
0:00 – Intro + Mike Logan returns
1:00 – Building a trading team from scratch (startup realities)
5:00 – Hiring, training, and the next generation in lumber
7:45 – Market kickoff: everything moving higher
9:00 – Texas demand, low inventories, and species substitution
12:00 – Low-grade explosion (why #3 is driving the bus)
16:00 – Hem-fir + western market tightness
17:45 – Southern Yellow Pine surge + short positions
19:30 – Freight chaos: trucks disappearing, costs spiking
23:00 – Why logistics = real pricing power right now
27:00 – Regional markets tightening due to freight
29:00 – When does the “panic buying” moment hit?
30:30 – Global flows (Euro, Middle East disruption)
33:30 – Macro curveballs: rates, crypto, housing demand
36:30 – Inventory positioning: who’s exposed right now
Guest
Mike Logelin
President-Gulf Coast Shelter
[email protected]
Advertiser
Fastmarkets RISI
Dustin Jalbert
Senior Economist Wood Products
[email protected]
www.fastmarkets.com
Show Contacts:
Gregg Riley: [email protected]
Charles DeLaTorre: [email protected]
Matt Beymer: [email protected]
Ashley Boeckholt: [email protected]
...more
59min

FAQs about The Lumber Word:

How many episodes does The Lumber Word have?

The podcast currently has 131 episodes available.

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