Trading in framing lumber picked up, and firming prices sent signals that a bottom had been found. Not all traders were fully convinced, especially after a recent false start, but even skeptics did some fill-in buying after weeks of cautious and limited purchasing. Concern about the labor situation in British Columbia and reports of volume sold offshore drew in short covering Wednesday, with cautious long position-taking thereafter. The Random Lengths Framing Lumber Composite Price fell $9 for the week, but with $8 of that loss coming at midweek. ...
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