“August hogs have been both sides of unchanged and have nearly the exact same daily range as yesterday. The sharp upward momentum may be beginning to wane after the strong 8-day rally. Weekly pork export sales came in just under the average for the last month. December prices are slightly lower on the day after this morning's rally nearly touched the 50% retracement to the 2024 highs made back in early April at 79.60. A potential reversal down today may end this recent sharp rally and start a technical pullback. USDA pork cutout came in at 107.09 this morning, up 2.33 from yesterday morning and up 3.48 from the afternoon” according to The Hightower Report.