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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 ...
In the last six months average lumber prices have ranged from $475 to $625 per thousand board feet, about one-third the peak in 2021. Trump has threatened to add 25% tariffs on goods from Mexico ...
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The board foot or board-foot is a unit of measurement for the volume of lumber in the United States and Canada. [1] It equals the volume of a board that is one foot (30.5 cm) in length, one foot in width, and one inch (2.54 cm) in thickness, or exactly 2.359 737 216 liters.
Stumpage is the price a private firm pays for the right to harvest timber from a given land base. It is paid to the current owner of the land. Historically, the price was determined on a basis of the number of trees harvested, or "per stump". Currently it is dictated by more standard measurements such as cubic metres, board feet, or tons. 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]
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