a decent rally for Aug hogs beginning a decent rally(addictive norm) of $5 beginning next week. Watch for that potential reversal day on July 7th, seems to be a favored date to trigger making the choice for a leg up or a leg down. Since it is currently searching for a potential support area after the negative report. Aug hogs the last 9 years, only have 2 years(2009 & 2014) where it decided on a significant sell off beginning after July 4th. The other 7 years it grabbed rallies of 5-10+ dollars. I have no other choice but to trade the %'s even though my choice only has a 50/50 chance of being correct. I'll be patiently waiting for the north end fishing holes to set up, so I can have lines working if/when the dinner bell rings.

I made my bottom picking attempt on Friday based on the hallucination that the June report would be a contradiction of past June reports and give us friendly numbers after friendly numbers in the March report. The seasonal increase in production plays out once again and after a quick rally into early August, so Big Money can get their short Oct and short Dec in place at a higher level--------the FALL into fall for the 9 year cycle low will be ready to begin. Record hog production + world economic woes = 9 year swing cycle low is getting ready to make the trip down the mountain. The hog market like all markets, like to have that last knee jerk POP at the TOP to open the SINK HOLE or when at the bottom it gives the LAST PUKE to trigger the LAUNCH.