I wanted to add that with Europe getting into this spruce/pine beetle that a lot of that lumber may end up in the US.
Now that the US market has been getting this blue stained dimension lumber for 15 years every customer is used to it.
European and Japanese customers are much more fussy about the appearance of their framing lumber. So, those sawmills that get the blue stained timber may end up shipping more of it to the US than other world markets.
China will also buy the blue stained lumber because the majority of the lumber they buy goes to concrete forming, pallets and crates.
By the way, I sold some pine timber in Texas last year around February. I got $6.50 a ton for pulpwood, $9 a ton for 4” pine, and $14 a ton for Chip ‘n Saw. I wish I would have known that the rise in timber prices was coming.