US lumber prices reached unprecedented highs in the 2Q/21. For example, the costs for 2x4 framing pine lumber inthe US South averaged almost $800/m3 in May, up from $210/m3 as recent as February 2020 and nearly four times as much as the 20-year average price for southern yellow pine.  The costs for sawlogs, typically accounting for 60-70% of the production costs when manufacturing lumber, have seen only relatively small adjustments throughout the first half of 2021 in the key lumber-producing regions of North America. The favorable lumber price/sawlog cost ...