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Market Brief

February 26, 2021 - Producers continued to enjoy very strong business, despite increasing challenges with trucking and ocean shipping. While employment remains a big issue, mills that have come into better log supplies have found ways to bring production back up to at least 40 or 45 hours a week. An architectural millwork producer said, “Tight supply and lumber production constraints will eventually drive more consumer product substitution as prices go higher than they should.” A component manufacturer added, “Lumber price increases have devastated our margins. We may get to the point that we have to offer our customers cheaper imports or try to push through hefty price increases.”