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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 ...
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]
Random-length lumber futures and options are traded on the Chicago Mercantile Exchange, and western SPF is the type of lumber specified in the trading specs. [3] The term random length is used because even though all the boards are 2x4s, the lengths can be between 2.4 and 6.1 metres (8 and 20 ft).
In 1961, at a meeting in Scottsdale, Arizona, the Committee on Grade Simplification and Standardization agreed to what is now the current U.S. standard: in part, the dressed size of a 1-inch (nominal) board was fixed at 3 ⁄ 4 inch; while the dressed size of 2 inch (nominal) lumber was reduced from 1 + 5 ⁄ 8 inch to the current 1 + 1 ⁄ 2 inch.
The beams are continuously formed, so the length of the beam is limited only to the maximum length that can be handled and transported. Typical widths are 3 + 1 ⁄ 2, 5 + 1 ⁄ 4 or 7 inches (89, 133 or 178 mm); typical depths are 9 + 1 ⁄ 2, 11 + 7 ⁄ 8, 14, 16 and 18 inches (240, 300, 360, 410 and 460 mm). Typically the beams are made to a ...
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The range of prices is typically between US$18 to US$30 per (wet)-ton delivered. [43] In 2006, prices were US$15 and US$30 per wet-ton in the northeast. [44] In the 20 years leading up to 2008, prices have fluctuated between US$60–70/oven-dry metric ton (odmt) in the southern states, and between US$60/odmt and US$160/odmt in the Northwest. [45]
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