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June 7, 2021
Has the ‘market tipped’ in US? Lumber prices finally fall
The futures price for lumber peaked in early May. But the "cash" price (the price sawmills charge distributors and wholesalers) kept hitting new all-time highs through last week. That has finally reversed: On Friday, the cash price per thousand board feet of lumber fell to $1,446, according to industry trade publication Random Lengths. That's down from the $1,515 all-time high set a week prior. For some experts the dip suggests the "market has tipped." What does it mean? In the coming weeks, you might start to see a markdown on lumber ...
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