super55
Platinum Member
- Joined
- Jan 27, 2012
- Messages
- 920
- Location
- Great North of Michigan
- Tractor
- Oliver Super55, John Deere 4310, John Deere 4400, Kubota L2500 (had),
Price are reflecting the market. People who invested in lumber stock would have doubled there money from April to Aug. 1000 BF in april was 251.50 and on Aug 10 it was 663.70. I think Covid has a lot to do with it. April everything "non-essential" was shutting down including probably sawmills. Also a volatile market tends to have people put money in commodities or precious metals. Housing, midwest storms and I honestly believe that people are looking at fleeing the cities. This defund the police, riots are Ok now etc. has really got people re-evaluating things.
I don't know if the lumbermen are cashing in on this yet because the mills might have had a surplus but if I had mill I would be running it 24/7 at these prices. They are right now at all time highs.
I don't know if the lumbermen are cashing in on this yet because the mills might have had a surplus but if I had mill I would be running it 24/7 at these prices. They are right now at all time highs.