2min chapter

Odd Lots cover image

Why the Price of Lumber Has Soared Day After Day After Day

Odd Lots

CHAPTER

The Last Recession, Greata. Keep Go in Ut

The most inventory these s can hold is forty five days because of cash constraints. So they're buying on the open market. You may have their average cost of forty five days weth inventory, but then they got to cover the next 90 days or, escuse me, the next forty five days. And when they don't cover that aggressively, maybe they they diale it back to 30 days worth of inventory, anticipating a dip. Well, the dip didn't come and we were all anticipating being cluded m and c onee. We stayed kind of flat at a thousand dollars for six weeks,. But the mills were able to hold out. I think they were able to sell the

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