by Calculated Threat on 9/04/2023 01:10:00 PM
Right here is one other month-to-month replace on lumber costs.
SPECIAL NOTE: The CME group discontinued the Random Size Lumber Futures contract on Could sixteenth. I’ve now switched to a brand new physically-delivered Lumber Futures contract that was began in August 2022.
This graph exhibits CME random size framing futures via final August (blue), and the brand new physically-delivered Lumber Futures (LBR) contract beginning in August 2022 (Purple).
LBR is presently at $503.00 per 1000 board ft, down 14% from $585.50 a 12 months in the past.