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re: Lumber prices are set for a shakeup with the rollout of new futures contracts

Posted on 9/27/22 at 11:33 am to
Posted by CatfishJohn
Member since Jun 2020
14167 posts
Posted on 9/27/22 at 11:33 am to
So is the price going to continue going down or will this stop it from crashing with the RE market?

Daddy needs a new fence.
Posted by junkfunky
Member since Jan 2011
34043 posts
Posted on 9/27/22 at 12:07 pm to
quote:

So is the price going to continue going down or will this stop it from crashing with the RE market?


Yeah, the retail price will keep dropping until it levels out. Futures market almost dipped below $400 yesterday. It was running around $350 (seriously) in the years before 2020 so it should eventually get close to what prices were before.
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