Uncertainty concerning the potential Canadian rail strike captivated mindsets to end last week in the eastern spruce lumber market. This kept demand and activity less than expected. The hope was for a quick resolution to avoid any shipment disruptions as any stoppage would have its impact. High log costs continue to hamper the ability for the mills to increase production, keeping their supplies in check. This has kept pressure on distributors to supply needs, leading to some voids in their inventories. Prices continued to move higher.
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