Utah Lumber Co. Market Intelligence Report

The three-day suspension moves the planned start of the 50% Section 338 tariffs from Aug. 19 to Aug. 22, 2026.
The U.S. and Canada say a deal is subject to final documents. Existing Section 232, AD/CVD and
Section 301 treatment remains separate; confirm final customs instructions before affected entries.

The correction futures signaled is now firmly in cash. Every category in the Utah Lumber Market Averages moved
lower again this week, while broad framing benchmarks in all species continued to retreat.

A practical field read for lumber buyers, sellers, manufacturers and distributors.
Cash is confirming the softer tone, but futures still lead price discovery. Positive cash basis and
nearby/deferred carry give buyers leverage without making every physical tally cheap. More producers are
taking sizeable counters to move on-ground inventory when volume and destination align; protected mills
are digging in. Press common 2-inch, Southern Pine and soft stud trims; protect real replacement risk.

A practical guide for lumber buyers, sellers, manufacturers and distributors on how the new Section 338 50% duties apply — and don’t apply — to forest products.