The bigger they are, the harder they fall is an old aphorism that has captured the reality of lumber prices. After an enormous run-up, they're headed back to earth.
Future prices were down to $996.20 at the end of Monday, June 14, according to data from Nasdaq, finally cracking the $1,000 per thousand board feet floor. The price closed at a high of $1,670.50 on May 7.
The accompanying crashing noise is the soundtrack of relief for some and panic for others.
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