Sawmill owners raked in huge profits when lumber prices shot up this spring. Companies that saw logs into two-by-fours and manufacture wood panels, including West Fraser Timber and Canfor Corp., reported second-quarter profits this week that topped earnings totals from their best years thanks to the pandemic forest-product frenzy. …Mill executives don’t expect a repeat of the spring windfall, but they say wood prices could rise again given the wildfires that have prompted West Fraser and Canfor to curtail output in British Columbia, the potential for rebound in the overheated do-it-yourself market and the strong market for new homes. “We actually fundamentally believe we went too high, and we think we’ve probably gone a bit too low in the correction,” West Fraser’s senior VP, Chris McIver, told investors Thursday. …Forest-product executives are telling investors not to expect anything like spring again. (to access the full story, a WSJ subscription my be required)