Timber Market Analysis Class

Registration Now Open

Registration is Open for Forisk's Timber Market Analysis Class! Held Virtually Over Two Half-Days on October 1st & 2nd Learn More & Register Taught only once per year, Forisk's Timber Market Analysis Class explains the process to understand, track, and analyze the price, demand, supply, and competitive dynamics of local timber markets and wood baskets through the use of interactive case studies. Redesigned to fit your busy schedule! The class is hosted virtually and it is divided into two half-days of course content where Day 2 builds on Day 1.   Register by September 17th to save $100 with the early registration discount! Key Topics in this Course  Timber market frameworks Defining "operable" and "analyzable" markets Specifying types and sources of wood and timber supplies Baselining wood demand and competition Evaluating supply chain issues Current vs. Future timber/wood market analysis Developing industry scenarios Projecting market-specific forest supplies Projecting market-specific wood demand Forecasting stumpage and delivered prices Comparing markets and communicating results Continuing Education Credits This 2-day class qualifies for the following types of Continuing Education credit: CFE (Forestry) CLE/MTH (Logger & Master Timber Harvester) Georgia Real Estate/Appraisal Attend one day to earn 3.0 CE hours, or both days for 6.0 CE hours. This event will be recorded for online viewing afterwards, however, we can only offer Continuing Education Credits to the people who attend the live webinars. Discounts Register by September 17th to get the early registration discount and save $100! Firms that subscribe to Forisk's research receive a 10% discount on their employees' registration fees. This includes the FRQ, the Wood Fiber Review, and the Mill Capacity Database. Email Pamela Smith at psmith@forisk.com for the promo code BEFORE registering online!

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Forisk Celebrates Growth and Announces Leadership Changes

Forisk Celebrates Growth and Announces Leadership Changes Amanda Lang Promoted to President & COO ATHENS, GEORGIA – July 9, 2025 Forisk Consulting, a leading provider of forestry industry analytics and research, is proud to announce further growth and updates to its leadership team. Amanda Lang has been promoted to President and Chief Operating Officer, with oversight of Forisk’s client support, research, and business development activities. In addition, Stephen Wright has been promoted to Custom Market Forecast (CMF) Project Manager, and Chris King has joined the Forisk team as Manager of the Forisk Wood Fiber Review.   “Amanda’s promotion explicitly recognizes her leadership and role in Forisk’s continued growth,” said CEO Brooks Mendell. “Over the past two years, Amanda led the online launch of our North American Forest Industry Capacity Database, which gives clients real-time access to mill capacity data, and our ability to offer Custom Market Forecasts to clients for the U.S. South and Northwest. Her efforts, as a manager and leader, improve client access to the data and analysis needed for capital investment decisions. Clients call her a trusted advisor.”   Over the past two years, Forisk’s North American Mill Database program, which gives clients real-time access to mill capacity data, has grown over 130%. And since the start of 2025, demand for Custom Market Forecasts has increased 150%, supported by marketing efforts led by VP of Business Development Nick DiLuzio, who joined Forisk in 2024.   Growth of the Custom Market Forecast (CMF) program led to Stephen Wright’s promotion as CMF Project Manager. Stephen originally joined Forisk as an analyst, before becoming Product Manager for the Wood Fiber Review. Prior to joining Forisk, Stephen worked as a Sustainability Forester for Drax Biomass in Mississippi and Louisiana. Stephen earned Bachelor’s and Master’s Degrees in Forestry from the University of Georgia.   Stephen’s promotion resulted in the hiring of Chris King as the new Manager for the Wood Fiber Review. Prior to joining Forisk, Chris worked as an Analytics and Technology Solutions Manager for Steigerwaldt Land Services and as a Wood Sourcing Manager for Pinova in Brunswick, Georgia. Chris earned Bachelor’s and Master’s degrees in Forestry from the University of Tennessee.  For more information or to access Forisk’s Custom Market Forecast, the North American Mill Capacity Database, or the Wood Fiber Review, please visit www.forisk.com or contact: Nick DiLuzio, ndiluzio@forisk.com, 770-725-8447.  About Forisk Consulting: Forisk delivers forecasts and analysis of forest industry markets and timberland investments. Firms participate in Forisk’s research program by subscribing to the Forisk Research Quarterly (FRQ), the Forisk Wood Fiber Review, or the North American Forest Industry Capacity Database; supporting benchmarking studies related to forest operations and mill capacities; and attending educational workshops.   Forisk Consulting | www.forisk.com

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Reminder: North America Sees Slight Increase in Weighted Fiber Prices

North America Sees Slight Increase in Weighted Fiber Prices ATHENS, GEORGIA – June 18, 2025 – The Forisk Wood Fiber Review (FWFR) reports that U.S. softwood weighted fiber prices rose by 2% year-over-year through Q2 2025 with Canadian prices up 5%. Hardwood roundwood fell 6% in the Southeast but increased in all other US regions. Softwood roundwood prices in the Southeast began to recover, as Hurricane Helene-downed fiber becomes unrecoverable due to deterioration. Roundwood prices also increased in all other US regions. In British Columbia, all reported prices were flat for the quarter. In Ontario/Quebec, hardwood roundwood prices dropped by 1% while softwood residual prices stayed flat. Chip prices in Canada increased by 4% year-over-year. In British Columbia, softwood pulplog prices were flat for the quarter again. Delivered softwood chip prices rose by 3% in Alberta and 11% in East Ontario/Quebec year-over-year. According to Stephen Wright, Associate Editor of the FWFR, “The industry remains in a state of contraction, with potential policy interventions likely falling short or arriving too late. The impact of the trade war is already evident, as a major sawmilling company in Eastern Canada will temporarily lay off up to 1,400 workers, highlighting the struggle producers are encountering.” U.S. roundwood prices increased 5% year-over-year, and chip prices fell by 2%, varying regionally. In the Pacific Northwest, prices for softwood residual chips rose by 5%, while softwood roundwood increased by 17% year-over-year. In the Lake States, chip prices and hardwood roundwood prices were mostly stable. Softwood roundwood prices in the region were up 5% for the quarter, and 5% for the year. The Northeast saw increases for softwood residual chips by 7% and 4% for softwood roundwood. In the Southeast, softwood roundwood increased by 10%, partially due to Hurricane Helene-downed wood deteriorating. Prices for other fiber products in the region were flat or decreased. In the South-Central region, all roundwood prices increased by at least 2% for the quarter. Softwood residual chips stayed flat year-over-year, but hardwood residual chips are down 7% from June 2024. Brooks Mendell, CEO of Forisk Consulting, commented, “On the policy side, reporter views converged from the wide range of ‘pros’ and ‘cons’ to a narrow range of ‘all the perceived chaos’ and ‘everything has calmed down.’ Politics disrupted markets, but folks are still doing business.” Wood fiber costs account for over half of total pulp manufacturing costs worldwide. The Forisk Wood Fiber Review includes prices and market commentary for all major North American regions, providing essential data for anyone that needs to track pulpwood, wood chips, and biomass prices in the world’s largest and most dynamic wood fiber markets. The FWFR provides updates on softwood and hardwood prices for major markets in North America. Prices are reported for wood delivered to consuming plants as a range and average. Each report also updates U.S. and Canada trade statistics for lumber, logs, wood pellets, wood chips and pulp. For more information or to subscribe to Forisk Wood Fiber Review, contact: Nick DiLuzio, ndiluzio@forisk.com, 770-725-8447.  About Forisk Consulting: Forisk delivers forecasts and analysis of forest industry markets and timberland investments. Firms participate in Forisk’s research program by subscribing to the Forisk Research Quarterly (FRQ), Forisk Wood Fiber Review, or the North American Forest Industry Capacity Database; supporting benchmarking studies related to forest operations and mail capacities; and attending educational workshops.   Forisk Consulting | www.forisk.com

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North America Sees Slight Increase in Weighted Fiber Prices

North America Sees Slight Increase in Weighted Fiber Prices ATHENS, GEORGIA – June 18, 2025 – The Forisk Wood Fiber Review (FWFR) reports that U.S. softwood weighted fiber prices rose by 2% year-over-year through Q2 2025 with Canadian prices up 5%. Hardwood roundwood fell 6% in the Southeast but increased in all other US regions. Softwood roundwood prices in the Southeast began to recover, as Hurricane Helene-downed fiber becomes unrecoverable due to deterioration. Roundwood prices also increased in all other US regions. In British Columbia, all reported prices were flat for the quarter. In Ontario/Quebec, hardwood roundwood prices dropped by 1% while softwood residual prices stayed flat. Chip prices in Canada increased by 4% year-over-year. In British Columbia, softwood pulplog prices were flat for the quarter again. Delivered softwood chip prices rose by 3% in Alberta and 11% in East Ontario/Quebec year-over-year. According to Stephen Wright, Associate Editor of the FWFR, “The industry remains in a state of contraction, with potential policy interventions likely falling short or arriving too late. The impact of the trade war is already evident, as a major sawmilling company in Eastern Canada will temporarily lay off up to 1,400 workers, highlighting the struggle producers are encountering.” U.S. roundwood prices increased 5% year-over-year, and chip prices fell by 2%, varying regionally. In the Pacific Northwest, prices for softwood residual chips rose by 5%, while softwood roundwood increased by 17% year-over-year. In the Lake States, chip prices and hardwood roundwood prices were mostly stable. Softwood roundwood prices in the region were up 5% for the quarter, and 5% for the year. The Northeast saw increases for softwood residual chips by 7% and 4% for softwood roundwood. In the Southeast, softwood roundwood increased by 10%, partially due to Hurricane Helene-downed wood deteriorating. Prices for other fiber products in the region were flat or decreased. In the South-Central region, all roundwood prices increased by at least 2% for the quarter. Softwood residual chips stayed flat year-over-year, but hardwood residual chips are down 7% from June 2024. Brooks Mendell, CEO of Forisk Consulting, commented, “On the policy side, reporter views converged from the wide range of ‘pros’ and ‘cons’ to a narrow range of ‘all the perceived chaos’ and ‘everything has calmed down.’ Politics disrupted markets, but folks are still doing business.” Wood fiber costs account for over half of total pulp manufacturing costs worldwide. The Forisk Wood Fiber Review includes prices and market commentary for all major North American regions, providing essential data for anyone that needs to track pulpwood, wood chips, and biomass prices in the world’s largest and most dynamic wood fiber markets. The FWFR provides updates on softwood and hardwood prices for major markets in North America. Prices are reported for wood delivered to consuming plants as a range and average. Each report also updates U.S. and Canada trade statistics for lumber, logs, wood pellets, wood chips and pulp. For more information or to subscribe to Forisk Wood Fiber Review, contact: Nick DiLuzio, ndiluzio@forisk.com, 770-725-8447.  About Forisk Consulting: Forisk delivers forecasts and analysis of forest industry markets and timberland investments. Firms participate in Forisk’s research program by subscribing to the Forisk Research Quarterly (FRQ), Forisk Wood Fiber Review, or the North American Forest Industry Capacity Database; supporting benchmarking studies related to forest operations and mail capacities; and attending educational workshops.   Forisk Consulting | www.forisk.com

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From Closures to Investments: Q2 2025 Mill Activity at a Glance

From Closures to Investments: Q2 2025 Mill Activity at a Glance ATHENS, GEORGIA – June 5, 2025 – Each quarter, Forisk compiles data on mill activity through its ongoing tracking of wood-using facilities as part of Forisk’s North American Mill Capacity Database, a database of over 2,300 wood-using mills in North America. This release provides a summary of mill updates from the Q2 2025 edition of the Forisk Research Quarterly.   Forest industry manufacturing developments in 2025 include mill closures mixed with some forward movement of capital projects. New announced projects, however, have stopped as companies seek clarity given economic uncertainty before they commit new capital.   Mill Closures Continue This quarter was marked by a series of significant mill closures, continuing the industry’s trend of phasing out older and less efficient facilities. International Paper officially closed their Campti, LA linerboard facility on April 11, 2025. Georgia-Pacific ceased plywood operations in Emporia, VA on May 2 and announced plans to shutter its pulp mill in Cedar Springs, GA in August 2025. Wilson, Kaiser & Olsen, Inc. (WKO) will close its plywood mill in Bingen, WA in June 2025.   U.S. South: Investment and Restructuring In the U.S. South, capital improvements and ownership transitions dominated the headlines: Domtar completed a $51 million modernization of the pulper at the Hawesville, KY pulp will. The new pulper will add flexibility for multiple end products. Two buyers purchased three of the Teal-Jones Group mills out of receivership: Sumitomo Forestry purchased 57% in the new Plain Dealing, LA sawmill. Teal-Jones will continue to manage operations at the Plain Dealing mill. Twain Capital purchased the Antlers, OK and Liberty, MS sawmills for $10 million. Big River Lumber in Coushatta, LA is currently offline following a fire in Q1 2025. While down, the mill is upgrading its sorter and grader, with operations expected to resume by July 2025.  SDI Biocarbon Solutions is preparing to soft commission in June as testing wraps up. This facility plans to use 1.4 million tons of softwood pulpwood per year at capacity to produce low carbon hydrogen that will be used internally and biocarbon. Hood Companies remain on track to commission the $200 million rebuild of the Beaumont, MS plywood mill in Q3 2025.   U.S. West: Capacity Expansions and Modernization Several firms in the U.S. West announced substantial upgrades and expansions: Roseburg Forest Products invested $200 million in two of its mills, adding a new hardwood plywood line and two new lathe lines in Riddle, OR, along with a new dryer at its Coquille, WA plywood plant. Freres Engineered Wood upgraded its mass plywood panel facility in Lyons, OR by replacing the press and installing a larger CNC machine. These enhancements have boosted production by over 35%. Vaagen Brothers in Colville, OR installed a new high-speed planer allowing them to now process up to 12-inch-wide boards and lengths up to 20 feet. Sequoia Forest Products purchased and rebuilt the former Arcata Forest Products sawmill in Arcata, CA. The facility will primarily produce redwood fence posts.   A summary of Q2 2025 mill projects is shown in the table below.  For more information or to subscribe to Forisk’s Mill Capacity Database, contact: Nick DiLuzio, ndiluzio@forisk.com, 770-725-8447.  About Forisk Consulting: Forisk delivers forecasts and analysis of forest industry markets and timberland investments. Firms participate in Forisk’s research program by subscribing to the Forisk Research Quarterly (FRQ), Forisk Wood Fiber Review, or the North American Forest Industry Capacity Database; supporting benchmarking studies related to forest operations and mail capacities; and attending educational workshops.   Forisk Consulting | www.forisk.com

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