The measured pace in US framing lumber trading that began in early July persisted into the latter part of the month. Some traders called it the summer doldrums, but many agreed a general malaise engulfed the market, with overall production outstripping demand. Traders looked for more production curtailments to help balance supply and demand, but little developed this week on that front.
Soft prices in various species pushed the Random Lengths Framing Lumber Composite Price down another $5, to $351.