Bears have a near-term chart advantage as downtrend line is in place in place in October Lean Hogs. See how Wyckoff rates this and other markets to help with your trading decisions.
Scattered showers are accompanying near- to below-normal temps in the Midwest today. Overall crop stress has been limited thanks to the lack of heat and a very wet June.
Export sales suggest grain prices are in a value area, but trend of prices was still down. Hog prices reflect a slump in demand. The lower jobs number in today's report did not change a long-term economic growth trend.
A total of 209,000 non-farm payrolls were added in July, which is less robust than the 233,000 expected, but the same as its average monthly gain over the prior 12 months.