The Bursting Lumber Bubble Is Bringing Back Reality
At one point in May, lumber was up over 300%. The combined net profits of the 5 largest publicly traded North American lumber producers jumped 2 218% between the second quarter of 2020 and 2021. But between mid-May to mid-August, the cash market lumber price crashed. What did plummeting lumber prices do to sawmill profits? The party ended. The good news for lumber producers: The latest round of profits is still fairly strong.
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