Sawlog costs, the largest cost component when manufacturing lumber, have gone up much more slowly than lumber prices in many countries during the past year, resulting in substantial increases in earnings for the international lumber industry.  Lumber prices in the US have experienced a spectacular surge in 2017 and the first half of 2018. By the end of the 2Q/18, the benchmark lumber price index reported by the market report Random Lengths reached its highest level in at least 30 years. From January 2017 to June 2018, average prices for commonly traded lumber in the US increased ...