January closed with a bang as supply-side concerns ignited a rally that pushed many US framing lumber prices up sharply. Concerns were mostly focused on Western Canada, where producers have announced a number of temporary or permanent production curtailments amid tightened log supplies and higher costs. Worries that winter weather would slow rail traffic, particularly on empties coming back to the mills, were an additional factor. The Random Lengths Framing Lumber Composite Price surged $18. Week Feb 1 Week ...
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