47 days ago • Posted by William Ramstein

Lumber futures rise, prices fall, shares soar:

many trees have been planted between the Carolinas and Texas that mills are paying the lowest prices in decades for logs. The log-lumber divergence has been painful for thousands of Southerners who are counting on pine trees for income and as a way to hold on to family land. And it has been incredibly profitable for forest-products companies that have been buying mills in the South. Canfor Corp, Interfor Corp. and West Fraser Timber Co control one-third of the South’s lumber-making capacity. Shares of the sawyers have risen more than 300%, compared with a 75% climb of the S&P 500 index. It’s a buyer’s market for logs. Source: WSJ