Beetles and wildfires are to blame, uh? From someone named David Rifle who posted this YouTube comment last week:
I’ve seen a lot of people freaking out over the cost of lumber. As a 12 year saw mill worker let me tell you what’s really going on. The mills are not getting the logs to produce at a rate necessary. Not because of trucking of lack of loggers wanting to work. It’s not because of a economic reason as I have heard many economists saying. It’s all due to a fact that environmental groups have held the industry hostage through court litigation. As soon as we get loggers in to harvest a cut, environmental groups run and slap a stop work order. Within a week the loggers are forced to pull out equipment by the courts. Our mill was forced to close down last June because we couldn’t keep enough wood coming in to run. We had 7 million board feet bought that was held up in litigation. Two million already cut and stacked, but unable to be touched. The way the laws are written for environmental suits it’s a guaranteed win for them. We also watched six of these cuts go up in flames about two weeks after the law suits were filed. This is a created situation as it is now affecting the market to this degree. Just a year ago lumber was running about $400 a thousand board feet. Today the price is at $1086 a thousand board feet. It’s a socialist strategy introduced by men to break the industry, don’t let them try telling you otherwise.
Just a year ago lumber was running about $400 a thousand board feet. Today the price is at $1086 a thousand board feet.
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This was posted supposedly last week?
https://tradingeconomics.com/commodity/lumber
I’m guessing it was posted 6 weeks ago. Since then the price has hit just shy of $1,700 until falling back this week to about $1,560.
Interesting report and leads to companies being unwilling to run the risks against the greenies who want to do more than break the logging industry. They want to break civilization for their Marxist dictatorship ideals.