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    Hong HangJPMorgan Chase & Co.

    Hong Hang's questions to Weyerhaeuser Co (WY) leadership

    Hong Hang's questions to Weyerhaeuser Co (WY) leadership • Q1 2025

    Question

    Hong Hang asked what market changes are needed for OSB prices to stabilize and how recent government actions to increase timber harvesting on public lands might impact the broader timber market.

    Answer

    CEO Devin Stockfish stated that OSB pricing feels relatively stable at present, with a balanced supply-demand dynamic. He expects the typical seasonal pickup in building activity to support the market. Regarding federal lands, he noted Weyerhaeuser does not harvest there and believes a significant increase in log supply is unlikely due to a lack of appropriate mill infrastructure and other logistical challenges.

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