Lumber Prices Soar, But Logs Are Still Dirt Cheap
- Fees paid for trees in Louisiana fall to lowest since 2011
- Margins grow for sawmills amid U.S. homebuilding frenzy
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Lumber prices have soared to records. Demand for wood is skyrocketing. The shares of wood suppliers are surging.
And yet, trees themselves are dirt cheap in places like Louisiana, where timber supplies are plentiful.