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April 26, 2015

Prices for softwood lumber in U.S. continued to descend last week

Trends in framing lumber mostly pointed downward through the last week. However, prices in most species found a firmer footing by midday Thursday. Increased action in the cash market was attributed in part to a limit-up move in futures on Wednesday. The jump in futures was driven by reports of increased offshore sales and speculation about production curtailments. One major exception to the firmer tone was Southern Pine; prices in this species slumped amid a slow pace. The Random Lengths Framing Lumber Composite Price fell $5, to $327.            ...

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