This is absolute insanity. When does it end?

Re: This is absolute insanity.  When does it end?

Kevin French

Ouch!!!!!!

It is ending

Bill Tindall, E.Tn.

Lumber peaked at over $1700/1000 bdft two weeks ago. Then there was a whiff of interest rates rising. Now September futures are near $1000/1000 bdft and July futures at about $1200. Several new mills coming on line late this year. Some mills starting 2nd shifts when they can find labor.

Re: This is absolute insanity.  When does it end?

Barry Irby

I have over a hundred acres of mature pines. Asked my timber merchant if it is time to sell and his answer was No, it hasn't worked it's way down to the trees yet. Apparently there is no shortage of timber.

Re: This is absolute insanity.  When does it end?

Jerry Nicholson

I heard about that a few days ago from my grand daughter's husband. He wanted to know what I had paid in the past. I assume these are the usual twisted warped junk with the pith running down the middle of every 2 x 4.

Re: This is absolute insanity.  When does it end?

John McGaw

If I was building a house now, and I have no intention of doing so, it would have steel wall framing. It was a good idea before and it is a better idea now.

When we stop buying it.

in a couple of months.....

David Weaver

..with mill bankruptcies or shutdowns. This kind of pattern always goes the same way if the underlying raw material supply isn't short or disappearing.

Re: This is absolute insanity.  When does it end?

johnv

Please, let's not get another political discussion going.

mill capacity

Bill Tindall, E.Tn.

According to the reports from the industry, mill capacity is over 90% the practical limit to run a mill.

Bloomberg) -- "North American lumber companies plan to ramp up production by expanding existing mills as strong home construction fuels the need for more wood.

West Fraser Timber Co., the world’s biggest lumber producer, plans to expand capacity at five of its lumber mills in the U.S. South. Interfor Corp. is rebuilding a sawmill in Georgia that is on track for completion by the end of 2021."

If your theory was correct these mills would not be expanding capacity. When this capacity comes on line you will see log prices increase and lumber prices decrease.

Re: This is absolute insanity.  When does it end?

Clint Searl

There is currently a glut of logs.

You have personal knowledge from timber fellers?

Danny Hamsley

Yonak

I wonder how the new Interfor facility in Perry is affecting Danny Hamsley's wood business. I don't know if they're synergetic businesses or competitive. If they're competitive I'm sure Danny's not benefiting. Hopefully, they have different classes of clientele or different products.

Re: You have personal knowledge from timber feller

jcousins

i live in the pnw where there have been huge fires - there are so many burned trees that need to be harvested that will never be taken - the mills are at capacity and log decks are huge. the sad part is that if the 1000's of acres are not harvested the trees will go bad in about 18 months - bugs - and be worthless

jerry

I saw it on the internet. Nyuk nyuk