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The LBM Daily Newsletter: October 18, 2018.
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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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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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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