BFL
Lumber and paper pulp are due for a major upset from an unexpected source. Hemp fiber.
Vast amounts of wood are ground to make paper, but hemp fiber makes much higher quality paper than does wood pulp. Hemp is also grown on marginal farmland, so does not compete with other commercial crops, and needs little water, fertilizer or pesticide. It also grows very quickly.
All part of the Obama legacy. The paper economic recovery brought on by borrowed and printed money and the manipulation of data. Real people know it is bad out there and getting worse. If there was a robust economy the price of labor and commodities would be increasing.
The strong dollar may be more disruptive than lower commodity prices. A strong dollar makes even more profitable to outsource more jobs, lowering employment numbers.
“Lumber prices are tumbling...”
Ha! Is that 2x4’s or gold bars they’re selling at the local lumber yard? I bought a trailer load of lumber last month, and it ain’t cheap.