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Lumber’s price drop has been particularly dramatic in just the last 90 days in the futures market, with contract prices for July falling 28% to $466 per thousand board feet (futures prices are ...
Lumber is referred to as timber in the United Kingdom, Australia, and New Zealand, while in other parts of the world (mainly the United States and Canada) the term timber refers specifically to unprocessed wood fiber, such as cut logs or standing trees that have yet to be cut. Lumber may be supplied either rough-sawn, or surfaced on one or more ...
Lumber prices. Presently there is a healthy lumber economy in the United States, directly employing about 500,000 people in three industries: Logging, Sawmill, and Panel. [62] Annual production in the U.S. is more than 30 billion board feet making the U.S. the largest producer and consumer of lumber. [62]
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In the last six months average lumber prices have ranged from $475 to $625 per thousand board feet, about one-third the peak in 2021. Trump has threatened to add 25% tariffs on goods from Mexico ...
In 1996, the United States and Canada reached a five-year trade agreement, The Softwood Lumber Agreement, officially ending Lumber III. Under its terms, Canadian lumber exports to the United States were limited to 14.7 billion board feet (34.7 million cubic meters) per year. However, when the agreement expired on April 2, 2001, the two ...