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April 23, 2019
US lumber prices in free fall
Prices of framing lumber the US continued to retreat amid a slow-developing increase in seasonal demand. Traders widely reported that ample supplies were available at all levels of the distribution system, going back to the mills. That generated little urgency, and left suppliers struggling to move loadings that didn’t nicely fit buyers’ immediate needs. Steadily eroding prices in most producing regions pushed the Random Lengths Framing Lumber Composite Price down $3, an eighth straight weekly drop. Week  ...
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