Lumber pricing nose diving
(Bloomberg) -- Lumber futures posted their biggest-ever weekly loss, extending a tumble from all-time highs reached last month as sawmills ramp up output and buyers hold off on purchases.
Prices in Chicago fell 18% this week, the biggest decline for most-active futures in records going back to 1986. Lumber has has now dropped almost 40% from the record high reached on May 10.
"That which is hateful to you, do not do to your fellow. That is the whole of the law. The rest is commentary."
Rabbi Hillel (c20 BCE)