Lumber highlights the risk of supply-chain shocks reverberating even after they end

Prices have crashed but that won't be reflected at the retail level The lumber crash in the past eight weeks is something to behold. There appears to be an absolute capitulation phase ongoing now with prices of western spruce/pine/fir down to $485/mfbm from $650 midweek -- that's 30% and it extends the drop in benchmarks to 65-70%

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