RJHere is Raymond James analyst take on lumber pricing.
Taken from the CFF board:He seems bullish on CFF and for good results in the sector
After peaking at US$955/mfbm, cash SPF lumber prices have retreated to the US$540 level today. Traders report increasing activity which is typically consistent with a seasonal market bottom as more reasonable pricing coaxes buyers to take positions. CME lumber futures also showed positive momentum with January contracts up 20% over the last week (at ~US$580/mfbm). We highlight that this is dramatically higher than the sub US$300 seasonal troughs we have seen in recent years and represents incredible earnings power not reflected in current valuations.