By Walt Hickey Lumber Lumber, which somehow became the most valuable substance on Earth for a little bit, saw its price take a pretty steep dive this week. Lumber production saw output increase 5 percent over the past 12 months, with another projected 5 percent increase — about another 1 billion board feet — still to come. Last week, prices for lumber at the Chicago Mercantile Exchange fell 18 percent, the biggest-ever weekly loss since records began in 1986, with lumber falling 40 percent from the record high set on May 10. On Friday, prices hit
Numlock News: June 15, 2021 • Wildfires, Rude Batters, Hatsune Miku
Numlock News: June 15, 2021 • Wildfires, Rude…
Numlock News: June 15, 2021 • Wildfires, Rude Batters, Hatsune Miku
By Walt Hickey Lumber Lumber, which somehow became the most valuable substance on Earth for a little bit, saw its price take a pretty steep dive this week. Lumber production saw output increase 5 percent over the past 12 months, with another projected 5 percent increase — about another 1 billion board feet — still to come. Last week, prices for lumber at the Chicago Mercantile Exchange fell 18 percent, the biggest-ever weekly loss since records began in 1986, with lumber falling 40 percent from the record high set on May 10. On Friday, prices hit