LUMBER: Back to back weeks with two strong run ups in the market. Buyers jumped in with the realization that supply will be tight in the coming months due to mill closures and curtailments. On the eastern side we have mill holiday shutdowns for maintenance around the corner. This will be a bumpy ride through the summer until supply gets in check with true demand.
PANEL: Panel prices stayed flat but typically they lag a bit behind dimension lumber. I look for changes in this market in the weeks to come.