As we predicted the lumber and plywood market have reached their peaks and have begun to fall…How far we fall is the next question.  There is some pent up demand in the market and we hear from many contractors that they have bookings through the summer and into the fall.  July 1st begin the 2 week industry shutdown as the mill retool their factories so do not expect much pull back until after the shutdown.  Dealers will need to cover their needs through mid July at or near these price levels to have wood on the ground.  There is also a lot going on in the business with large forest fires in Eastern Canada, historic preservation effort in the Canadian Boreal Forest, and shortage of log supply in the Pacific North West.  Do not expect any significant reductions but a healthy 10% could be seen quite quickly.  If you have any questions please call.