The forest products industry is complex and hyper-changeable. To successfully play in this universe, you need advice, data, and an overview from an unbiased, details-obsessed, independent source. Economic forecasts, lumber, timber, panels, mass timber and engineered wood products – this is FEA.
If a tree falls in the forest, we not only hear it – we follow it, analyze it and track it.
Whatever’s happening along the forest supply chain, from planting to felling to final use, we’re watching it, regionally, nationally, internationally. FEA people seek out every forestry detail, are obsessed with economics, trends and providing clients with deeply-rooted advice that informs their important decisions.
Why we’re here
We formed FEA when we recognized a need in the industry for impartial, exhaustive analysis, accessible data and customized consulting. FEA analysts come from all areas of the timber industry – when they talk, industry listens.
FEA markets our knowledge and data through analytical products that cover the forest product industry. These include Monthly Advisors and newsletters for near-term analysis, the Quarterly Forecasting Service for a longer-term outlook and an extensive historical database, as well as the industry's only comprehensive, up-to-date, mill-level capacity reports, categorized by sector.
West Fraser Timber Company released their Q1 2021 earnings report on Thursday (5-6-21) in preparation for their earnings call on Friday, May 7, 2021. In the report, West Fraser announced in their lumber segment they expected to invest approximately $150 million at five of their U.S. South lumber mills under the strategic capital program.
The first major revision in 50 years to Alberta’s Forest Act went into effect on May 1, 2021. The results of the passage of Bill 40 should result in less red tape, provide greater flexibility in harvesting operations, and maintain existing forest management practices.
Economists are warning that the current increase in lumber prices might last for an extended period of time. To that end, many Alaskans already tired of higher lumber prices have decided to either build their own or purchase a portable sawmill.
Over the past year—a large portion of which was impacted by the coronavirus—much discussion in the wood products industry has centred on access to employees. While many wood products prices soared to new highs amid solid housing starts and strong residential improvement spending, producers were challenged to meet demand from builders and DIYers. During this period of high demand and high prices for finished goods, timber prices and production levels were largely unaffected. Of course, 2020 was not just the year of the pandemic: it also saw an unprecedented number of hurricanes in the South, record fires in the West, and social unrest nationwide. What a year!
Lumber and panel prices have rocketed higher in the third quarter of 2020, driven by a combination of supply- and demand-side factors. Mills made dramatic reductions to production schedules in the second quarter in anticipation of sharply lower demand as states instituted shelter-in-place orders and unemployment surged.