Lumber prices endured a steep, rapid decline in 3rd quarter. In fact, the Random Lengths Framing Lumber Composite fell from an all-time high in 2nd Qtr. 2021 of $1,500 to around $400 in August. However, it appears the lumber market has reached a bottom as more shipments of lumber and firmer prices have been reported from producers. Local log prices, which did not rise even close to the extent of lumber prices over the past year, have expectedly softened during the rout. Locally, ample log yard inventories and a significant amount of prospective burned timber will likely continue to temper prices while an uptick in national lumber demand and regional production curtailments/closures may push log prices slightly higher. Doug-fir/larch and grand fir/hemlock are still in fair demand in the inland log/lumber markets while cedar logs and lumber are in high demand. Ponderosa pine logs and lumber are in fair demand, but prices continue to soften in this species. Pulp and pulp logs continue to be a very soft spot in the forest products market.