by Calculated Danger on 9/10/2024 01:52:00 PM
Right here is one other month-to-month replace on lumber costs.
SPECIAL NOTE: The CME group discontinued the Random Size Lumber Futures contract on Might 16, 2023. I switched to a physically-delivered Lumber Futures contract that was began in August 2022.Â
Sadly, this impacts long run worth comparisons for the reason that new contract was priced about 24% increased than the previous random size contract for the interval when each contracts had been out there.
This graph reveals CME random size framing futures by way of final August (blue), and the brand new physically-delivered Lumber Futures (LBR) contract beginning in August 2022 (Pink).
LBR is presently at $505 per 1000 board toes, up barely from a yr in the past.
