Wholesale pork weakens August 31, 2021
After last week's successful fill of the upside chart gap, this market is not holding onto recent gains. We remain off the general downtrend from the 6/10 and 7/27 highs. That intersects at 90.85 tomorrow. Yesterday's surprising 6.87 break on the afternoon pork report surprised the trade today. After the morning numbers today, wholesale pork is -16.56 from the 8/2 mini-peak.
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