by Calculated Danger on 5/08/2024 09:58:00 AM
Right here is one other month-to-month replace on lumber costs.
SPECIAL NOTE: The CME group discontinued the Random Size Lumber Futures contract on Might 16, 2023. I’ve now switched to a brand new physically-delivered Lumber Futures contract that was began in August 2022.
Sadly, this impacts long run worth comparisons for the reason that new contract was priced about 24% increased than the outdated random size contract for the interval when each contracts have been obtainable.
This graph exhibits CME random size framing futures by means of final August (blue), and the brand new physically-delivered Lumber Futures (LBR) contract beginning in August 2022 (Crimson).
LBR is presently at $498.50 per 1000 board toes, principally unchanged from a yr in the past.
