Supply weighed heavily in the eastern spruce lumber market yesterday. Sales and activity improved over the previous days as mills, distributors and wholesalers vied for whatever orders they could induce or grab in the market. Excess inventories combined with lower prices spearheaded the heightened activity. There was also a growing realization that prices were getting to a point of testing mill breakeven levels. Adjustments to production and overall supply is only speculation but many feel it is anticipated.
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