by Calculated Danger on 6/05/2024 01:01:00 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 16, 2023. I’ve now switched to a brand new physically-delivered Lumber Futures contract that was began in August 2022.Â
This graph exhibits CME random size framing futures by final August (blue), and the brand new physically-delivered Lumber Futures (LBR) contract beginning in August 2022 (Purple).
LBR is presently at $489.50 per 1000 board toes, down 4% from a 12 months in the past.
There may be considerably of a seasonal demand for lumber, and lumber costs often peak within the first half of the 12 months.
We did not see a big runup within the Spring of 2023 because of the housing slowdown, and we did not see a lot of a pickup within the Spring of 2024 both.
