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The LBM Daily Newsletter: October 18, 2018.
THE DAILY BUZZ
 
New AR Mill Opens
 
A ribbon cutting opened the new Weyerhaeuser mil in Dirks Arkansas, a $190 Million replacement for the old mill.

"This investment will be profitable for the company, but it will also lead to continuous expansion of the timber industry and forest product industry in South Arkansas," said Gov. Asa Hutchinson.

More on this story can be found in today's Industry News category.



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THE DAILY MARKET REPORT
 
Futures & Options: Lower
 
ContractCloseChangeVolumeOpen Int
Nov 2018333.70-6.202981391
Jan 2019333.90-6.002141703
Mar 2019344.70-3.6018671
May 2019356.40-3.606253
 
Lumber futures settled lower across the board on mixed two-sided trade.

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WIDMAN'S FORECASTING
 
Market Update
 
Major U.S. indexes edged lower today, following a choppy session after the Federal Reserve indicated the need to raise borrowing costs would continue. In New York, the Dow Jones dropped 91.74 points to 25,706.68, the S&P 500 fell 0.71 points to 2,809.21 and the Nasdaq lost 2.79 points to 7,642.70. The Canadian stock market ended slightly lower today, weighed down by lower commodity prices. The Toronto-based benchmark S&P/TSX closed down 49.84 points at 15,529.90.

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TODAY'S NEWS
Please remember that only the first 3 articles in each category below are displayed. For full access to the LBM Daily's News, please visit www.lbmdaily.com and subscribe to the LBM Daily Premium News Service.

INTERNATIONAL  >
There is 1 new articles in this category today.
Chinese Demand for Timber Could Strip Solomon Islands Bare of Forests
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ENVIRO & LEGISLATION  >
There is 1 new articles in this category today.
Pando, the Most Massive Organism on Earth, Is Shrinking
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INDUSTRY NEWS  >
There are 4 new articles in this category today.
ON: Two Sawmills Expand Production
Did BC Misrepresent Public ‘Support’ for Douglas-Fir Protection Plan?
AR: Grand Opening for New Sawmill
 
ECON & HOUSING  >
There are 5 new articles in this category today.
Hurricanes Impacting Housing Starts
Slower Growth Anticipated in Home Remodeling
NLBMDA Announces New Leadership Team for 2018-2019