Over the years I have had fair to good luck with HD Oak Veneer plywood for basic casings, cabinets, etc. If I needed the really nice veneer grain I went to a yard and paid the extra.
About three weeks ago I bought the worst piece of 3/4" Oak Veneer plywood at the "local" (35 miles) HD I could have imagined. It looked OK on the rack and, in fact, the grain and veneer looked above average. When I got it home and began ripping it, I came across large voids, just beneath the veneer, on both sides. I was building a cabinet that was embedded in a wall so I was able to flip sides around to make it work. If it hadn't been for the 70 mile round trip, and a need to get the work done, it would have gone back. This afternoon while moving a remaining 1/2 sheet, my finger went through the veneer on one side and there was a 2" square void that just disintegrated.
Then, just to piss me off a little more, I tried to remove the price/ UPC tag that was far from the edge and it was absolutely un- removable. I'll pay more at the yard in the future.
I wonder if this has anything to do with comments I got from three different southwest Missouri hardwood dealers about a month ago. "All of the good stuff is going to China!"
RonB