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August 6, 2018
US lumber prices drop sharply at the beginning of August
Framing lumber prices in US spiraled downward, as mills searched for trading levels to little avail. Deep double-digit cuts left traders all the more uncertain about where a bottom might be found. Futures helped set the tone for the rout, as two down-limit days threw cold water on a modest rally on the board Tuesday. The Random Lengths Framing Lumber Composite Price fell for an eighth straight week. The $28 drop for the week pushed the index to its lowest level since January, and $120 off its record high set in June.   ...
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