re: Lumber prices are now cheaper than they were on Election Day - Now down ~70% from peak

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SPEEDY

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Doing God's works, son.

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Lumber prices are now cheaper than they were on Election Day - Now down ~70% from peak

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now do hardwoods and plywoods

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In a financial report I listened to on Tuesday an analyst stated 1/5 container ships leave and arrive port on time now. The whole system is fricking chaotic.

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I’ll tell you something else most don’t know. When the containers do show up they are lining up and having to sit and wait for days upon days out in the ocean or Gulf until it’s their turn to come in to port. The reason why is one of those ships might have 800 containers and these ports are having trouble finding that many truckers to haul the cans out to some warehouse coupled with the US Customs have to inspect every container. Hell it’s hard to even find a full crew of dockworkers be it in Mobile, New Orleans, Houston, or say California.

It’s effecting everything globally. My truck has been in the body shop for 2 months because they can’t get all of the parts in to make a somewhat easy repair.

Just as us importers can’t get our product in nor can the US exporter get their product out. Europe buys a lot of white oak from the United States. Asian countries prefer our red oak. My buddies in the domestic hardwood business are basically eating a big fat oak sandwich waiting on ships to pick their product up.

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I got poplar for $3/BF last week. Used to make 4 2’x3’ picture frames. If that’s expensive, I’ll take it.

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I have never in my life seen Poplar sold at $3.00 BF until the last 4-5 months. I’ve probably sold 50 million board feet of Poplar and for the last 30 years it’s run about $1 to $1.30 BF for FAS/1F. Granted I’m selling this by the truckload to hardwood lumber distributors but still the same small volume Poplar selling prices typically run around $1.50 to $1.90 BF from the distributors to the end users.