Bill's Corner- An Eastern Spruce Perspective

Activity and transactions eased in the eastern spruce lumber market yesterday. There was less pressure to buy as prices slowly continued to erode. Buyers lacked a sense of urgency. Those with time waited. The eastern mills looked at ways of slowing down production by turning to items that take longer to produce. Many struggled to find ways to be profitable or limit losses. There was hope though. With a principal philosophy of keeping inventories low, many were in the market replenishing more often. Not much of a spark would be needed to change the dynamics and direction of the market.