Original article available via Bloomberg.com.
The odds of settling a long-running dispute between the U.S. and Canada over lumber are looking pretty bleak, according to a key producer.
There’s been no progress to settle the Canada-U.S. fight over softwood lumber as governments have been more focused on renegotiating the North American Free Trade Agreement, said Yves Laflamme, chief executive officer of Montreal-based Resolute Forest Products. The company is currently paying about $80 million a year in tariffs, and it’s likely Canada’s legal battle to fight the U.S. restrictions through the World Trade Organization will drag on for another four years, he said.
“I’m not optimistic at all on lumber,” Laflamme said Thursday in an interview following the company’s second quarter earnings call. “I’m not expecting any settlement.”
In a move intended to protect the domestic lumber industry, the U.S. last year slapped average duties of more than 20 percent on imports of timber from Canada, which supplies more than a quarter of what American builders use each year. Lumber futures traded in Chicago have climbed about 11 percent over the last 12 months as the trade friction raised concerns over limited supplies.
Disputes between the countries over softwood lumber have caused intermittent friction for years. The latest tensions were reignited in 2016 when the U.S. lumber industry filed a petition asking for duties, which the Trump administration obliged. American producers allege Canadian wood is heavily subsidized and imports are harming U.S. mills and workers. Canadians argue the U.S. depends on its lumber for home construction and won’t be able to meet demand without its neighbor to the north.
Lumber is on fire. Not literally of course, that would be a bad thing, but lumber prices and expansion plans continue to explode in the United States.
Georgia Pacific just announced plans to build a $150 million plant in the Albany, GA area this week.
For more information, see the full article here.
One of the things that we do on a regular basis is to monitor the news within the lumber industry. We do this for several reasons, but the main reason we monitor everything is so that we can consistently find great suppliers to make our shavings and grow our business.
While monitoring the latest lumber news, I came upon an article that made me smile and laugh. I call it business speak, and it happens all the time with big companies. As a consumer, it kind of makes me mad.
Here is the link to the article, and here is the quote I am referencing;
"This acquisition advances our growth strategy by expanding our geographic presence and product mix, and adds an exciting new set of capabilities to our company," said U.S. Lumber President and CEO Jeff McLendon in a news release. "We're particularly pleased that combining these complementary businesses will enhance the value proposition we collectively offer our trading partners."
Stuff like this drives me crazy. Who are we impressing with all that jargon and mumbo jumbo? Why not just tell it like it is. So for your comedic pleasure, we have translated the quote into plain english.
"We bought this company so we can grow our business in new parts of the country that we don't service now. We will also be able to sell products to the customer that we don't currently. Because we will now be a larger company, we should be able to offer our vendors better terms and bigger deals."
Have a great weekend all!
Wood shavings are one of the most popular types of stall bedding used in the barn, but horse owners need to be aware of the varieties used to make their shavings as a few tree species are toxic to your animals.
The first variety of wood that people know not to use already is black walnut. Black walnut trees are native to the eastern US, but they can exist outside their native homes as well. Horses that stand in black walnut shavings are susceptible to laminitis within 24-48 hours. The good news is that black walnut shavings are a dark chocolate brown color and stands out in contrast to lighter colored tree varieties.
Several other tree species are also best avoided. Below is a quick list of the most commonly found in the United States.
Another good rule of thumb to use is to remember not to use any shavings from a tree that would be hazardous to your horses's health when ingested orally.
To ensure that your bedding is safe, always purchase from a reputable supplier that has ecxperience with horses and livestock in general. Do not ever buy shavings that can not be sourced back to a specific tree species. Avoid bedding from tree trimmers or carpentry shops. They can not ensure the tree varieites that were trimmed down, and they can not be sure that the lumber used wasn't treated.
If you ever have specific questions about toxic materials in your bedding, you should check with your local veterinarian or consult the American Society for the Prevention of Cruelty to Animals (ASPCA) 24-Hour Animal Poison Control Center hotline at 888-426-4435. There website is also available at www.aspca.org/Pet-care/poison-control.
Congratulations to our new retail partner, Southern States in Winchester, for making their local newspaper. Full article here.
Frederick County Fair board member Matt Moulden, of Clear Brook, guided a truck driver Monday who delivered more than 50 cubic yards of mulch donated by Southern States in Winchester to the Frederick County Fairgrounds. The mulch will be used for animal bedding during the fair, which runs July 30-Aug. 4.
Pine River Bedding Blog
Are you interested in what we have going on under the hood and behind the scenes?