Packaging & Paper/Forest Wrap-up: Lumber prices tick up; Trade pubs suggest minican strength: Wrap-Up, V34/W21

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Packaging & Paper/Forest Wrap-up: Lumber prices tick up; Trade pubs suggest minican strength: Wrap-Up, V34/W21

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Packaging & Paper/Forest Wrap-up

Lumber prices tick up; Trade pubs suggest

minican strength: Wrap-Up, V34/W21

Industry Overview

Packaging & Paper/Forest Wrap-Up: Volume 34, Week 21 22 May 2026

Our Wrap-Up reviews: (1) Random Lengths (RL) wood product price trends; (2) Recent Equity

industry news; and (3) Our upcoming corporate access events including Strategy with United States

the C-Suite calls. Packaging & Paper/Forest Products

Lumber back up WoW, though demand remains sluggish George L. Staphos

Research Analyst

Random Lengths' (RL) Weekly Report showed that its Framing Lumber composite was BofAS

slightly higher vs last week, reversing a trend of four consecutive weeks of declines. +1 646 855 4495

george.l.staphos@bofa.com

Overall, RL noted that discounts seen in recent weeks dissipated, although demand was

Bradley Barton, CFA

not strong enough to materially drive prices higher. Western markets were said to be Research Analyst

relatively in balance with mostly flat prices. As for panels, RL noted that Oriented Strand BofAS

+1 646 556 2909

Board (OSB) markets were quiet with minimal buyer urgency, though demand appeared bradley.barton2@bofa.com

strong enough to keep prices somewhat level. Meantime, plywood was mixed with some Kyle Benvenuto

reporting quieter markets and others reporting an uptick. Companies in our coverage Research Analyst

BofAS

with exposure to wood products include Louisiana-Pacific (LPX; Buy), Weyerhaeuser (WY; +1 646 743 0046

Neutral) & Boise Cascade (BCC; U/P). kyle.benvenuto@bofa.com

Strong growth reported among RTDs in 100ml cans

Our read of trade publications including Beer Business Daily suggests ready to drink