Forest2Market is pleased to announce that Madison Wood Preservers, Inc. has joined Mill2Market, the company’s weekly lumber market price report. One of the most respected wood preservers in the country, Madison is a major purchaser of southern yellow pine lumber. The company will report 100 percent of its sales, including volume and price by grade and dimension, to Forest2Market. Their data will then be aggregated with data from all other subscribers and reported back to participants via the weekly Mill2Market report.
“Madison is a valuable addition to our service,” said Bill Nocerino, Manager of Forest2Market’s Lumber Division. “A company with their reach and reputation helps us to further establish our report in the market. Mill2Market is already the most valuable lumber price report on the market, and with every new subscriber we move even closer to being the industry standard for lumber pricing.”
Forest2Market launched Mill2Market 15 months ago, and since then it has been providing the lumber industry with accurate market price information. Steve Lillard, President of Madison, agrees: “The level of transparency in the Mill2Market report is something that the market has needed for some time. We like the fact that every transaction plays its part in getting a true weighted average price."
“The quality of the report is very important to us,” explains Lillard. “The prices reported are based on the sales and purchases of all subscribers, both large and small. As a result, what we receive is a clear picture of the market. We get real numbers that can help us make better purchasing decisions.”
“Mill2Market is unique," says Nocerino. "We follow a strict methodology to make sure the prices we report are sound. The data can’t be manipulated because all subscribers are required to submit 100 percent of their data. Each data submission is checked by data quality specialists with experience in the forestry and wood products industries. In addition, Forest2Market adheres to federal anti-trust requirements for reporting prices, and all data is reported back to subscribers anonymously.”