4 days ago • Posted by William Ramstein
Lumber producers see net income soar, say prices have passed on to consumers well
Lumber prices have been surging in 2021 with futures for May delivery ended Friday at $1500.50 per thousand board feet, an all time high usually four times smaller during this period of the year. Lumber producers have been able to pass on increasing costs over to consumers in such a way that net income figures have soared to new heights. Weyerhaeuser, Canfor and PotlatchDeltic so net income growth.