Volatility in lumber prices has come off record highs the market experienced during the coronavirus pandemic, but questions around supply and demand still remain. Housing demand suffered from increased interest rates and skyrocketing construction costs, while supply fell off in traditional production regions due to climate issues like wildfires. Given that consumer demand has started to see some modest growth while supply remained somewhat depressed, lumber prices have ticked slightly higher in 2024 than the lows experienced through periods of 2023. Among this continued uncertainty, saw mills, logging companies, retail lumber yards and others with exposure to physical lumber prices have had the ability to manage their risk with Lumber futures. We spoke with three lumber market participants, who share their experience with managing uncertainty and their outlook on the broader lumber market.