# EP 165: Spring-time Round Up

Page: https://stenobird.com/podcast/the-lumber-word-6578824/ep-165-spring-time-round-up
Text version: https://stenobird.com/podcast/the-lumber-word-6578824/ep-165-spring-time-round-up.md
Podcast: [The Lumber Word](https://stenobird.com/podcast/the-lumber-word-6578824)
Published: 2026-04-17T11:12:03+00:00
Episode link: https://thelumberword.podbean.com/e/ep-165-spring-time-round-up/
Audio file: https://mcdn.podbean.com/mf/web/ikje6ne7rm4jsk5t/APRIL_167pnat.mp3
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JSON: https://stenobird.com/v1/public/podcasts/the-lumber-word-6578824/episodes/ep-165-spring-time-round-up
Duration seconds: 3118

## Resource

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 kip@telus.net Advertiser Fastmarkets RISI Dustin Jalbert Senior Economist Wood Products djalbert@fastmarkets.com www.fastmarkets.com Show Contacts: Gregg Riley: Gregg@sitkainc.com Charles DeLaTorre: cdelatorre@ifpwood.com Matt Beymer: mattbeymer@hamptonlumber.com Ashley Boeckholt: ashley@sitkainc.com

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## Transcript

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