Random Length Lumber

Random Length Lumber Meaning:
In commodity market terminology, Random Length Lumber refers to lumber of varying lengths, but generally in increments of evenly-cut two-foot boards. Random Length Lumber is the #2&Btr 2x4 specification of lumber that is deliverable into lumber futures contracts traded at the Chicago Mercantile Exchange.

Random Length Lumber Example:
Lumber futures are for 110,000 board feet of Western Spruce, Pine, Fir from 8 to 20 feet in length and are quoted in U.S. Dollars with a minimum fluctuation of $0.10 per 1,000 board feet or $11.00 per contract. Random Length Lumber futures trade under the symbol LB.