N. American lumber prices start to drop

N. American lumber prices start to drop
North American umber prices fell for the fifth consecutive day on Friday, May 14.    After soaring more than 250% last month, lumber spot prices dropped to around $1,550 per thousand board feet last Friday, down from $1,686 the week before. Lumber futures also eased, dipping from a record high of $1,670.50 to around $1,400 per thousand board feet.    Consequentially, lumber stocks are experiencing a mild sell-off. Shares of West Fraser Timber were down approximately 9% this past week, while shares of Weyerhaeuser and Canfor were down ...

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