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Lumber’s price drop has been particularly dramatic in just the last 90 days in the futures market, with contract prices for July falling 28% to $466 per thousand board feet (futures prices are ...
Menards sold the Menard Building Division in 1994, racking up 36 years in the pole building industry. Menards of East Madison, Wisconsin, pictured in 2012 (closed and relocated to Sun Prairie in 2018) [6] Menards was founded as Menard Cashway Lumber. In the mid-1980s, the "Cashway Lumber" name was dropped and the business became simply known to ...
Lumber prices. Presently there is a healthy lumber economy in the United States, directly employing about 500,000 people in three industries: Logging, Sawmill, and Panel. [62] Annual production in the U.S. is more than 30 billion board feet making the U.S. the largest producer and consumer of lumber. [62]
Menards store in Lafayette, Indiana. Menard opened his first hardware store in 1964. [11] As of 2021, his company owned 335 Menards stores and 12 distribution centers. As of 2005, Menards grossed an estimated $5.5 billion in sales. Menard had a net worth of $8.6 billion in 2013, according to the Forbes 400, and is the richest person in ...
In 1996, the United States and Canada reached a five-year trade agreement, The Softwood Lumber Agreement, officially ending Lumber III. Under its terms, Canadian lumber exports to the United States were limited to 14.7 billion board feet (34.7 million cubic meters) per year. However, when the agreement expired on April 2, 2001, the two ...