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The LBM Daily Newsletter: February 19, 2019.
THE DAILY BUZZ
 
Alaska Agrees on Contract to Sell $2.1 Million Worth of Timber
 
Alaskan state officials revealed over the weekend that the state reached an agreement with ALCAN Timber Inc. for the sale of timber on approximately 195 hectares of forest within the Southeast State Forest and Tongass National Forest on the northwest end of Gravina Island. The sale is valued at $2.1 million.

For more on this story, please see today's Industry News.

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THE DAILY MARKET REPORT
 
Futures & Options: Limit Down
 
ContractCloseChangeVolumeOpen Int
MAR19408.30-15003571487
MAY19405.00-15002931364
JUL19403.30-14606353
SEP19395.20-148011125
NOV19386.20-9501016
 
Lumber futures settled considerably lower across the board on lower reported prices to the underlying cash contract grade featured with mixed two-sided trade.

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Widman's Market Report & Barometer
 
The Widman Price Forecasting Service includes the Widman Market Report & Barometer, each published twice per month. These publications provide reports and research for the North American Softwoods Market, including price forecasting, indicators and insights.
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TODAY'S NEWS
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INTERNATIONAL  >
There are 7 new articles in this category today.
Timber Smuggling, Major Threat to Forests in Northwestern Iran
UK: James Latham Buys Irish Timber Merchant Abbey Woods for up to €2.6bn.
Ireland: Terms of Reference for Leitrim Forestry Study Published
 
FINANCIAL  >
There are 3 new articles in this category today.
Dewan Housing Shares Jump on Stake Sale Report
Lumber Liquidators Holdings Inc (LL) Expected to Announce Earnings of $0.16 Per Share
Acadian Timber (ADN) PT Raised to C$17.00
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ENVIRO & LEGISLATION  >
There is 1 new articles in this category today.
AZ: Helicopters Haul Logs for Flagstaff Forest Thinning Project
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INDUSTRY NEWS  >
There is 1 new articles in this category today.
State Signs $2M Timber Sale Contract for Southeast Alaska
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ECON & HOUSING  >
There is 1 new articles in this category today.
U.S Mortgages – Down to 12-Month Lows, as Applications Slide
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