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October hogs closed up $1.60 at $68.02.

October hogs closed higher on Monday. The high-range close sets the stage for a steady to higher opening when Tuesday's session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If October extends the rally off July's low, the reaction high crossing at 70.22 is the next upside target. Closes below the 20-day moving average crossing at 65.47 would confirm that a short-term top has been posted. First resistance is last Tuesday's high crossing at 67.85. Second resistance is the reaction high crossing at 70.22. First support is the 20-day moving average crossing at 65.47. Second support is August's low crossing at 61.60.

October cattle closed down $0.77 at 143.20.

October cattle closed lower on Monday. The low-range close sets the stage for a steady to lower opening when Tuesday's session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 145.90 are needed to confirm that a low has been posted. If October renews the decline off August's high, the contract low crossing at 136.70 is the next downside target. First resistance is the 10-day moving average crossing at 143.68. Second resistance is the 20-day moving average crossing at 145.90. First support is August's low crossing at 139.65. Second support is the contract low crossing at 136.70.

October feeder cattle closed down $1.05 at $197.87.

October Feeder cattle closed lower on Monday. The low-range close sets the stage for a steady to lower opening when Tuesday's session begins trading. Stochastics and the RSI are neutral to bullish hinting that a low might be in or is near. Closes above the 20-day moving average crossing at 203.75 are needed to confirm that a low has been posted. If October renews this summer's decline, weekly support crossing at 187.30 is the next downside target. First resistance is the 10-day moving average crossing at 199.32. Second resistance is the 20-day moving average crossing at 203.75. First support is August's low crossing at 192.72. Second support is weekly support crossing at 187.30.

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