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August hogs closed down $0.17 at $79.67.

August hogs closed lower on Thursday. The low-range close sets the stage for a steady to lower opening when Friday'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 August extends this month's rally, May's high crossing at 85.00 is the next upside target. Closes below the 20-day moving average crossing at 76.50 would confirm that a short-term top has been posted. First resistance is Wednesday's high crossing at 81.37. Second resistance is May's high crossing at 85.00. First support is the 20-day moving average crossing at 76.50. Second support is July's low crossing at 70.65.

August cattle closed up $0.30 at 145.22.

August cattle closed higher on Thursday. The low-range close sets the stage for a steady to lower opening when Friday's session begins trading. Stochastics and the RSI have turned neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 146.63 are needed to confirm that a low has been posted. If August resumes the decline off June's high, the 75% retracement level of the February-June-rally crossing at 142.02 is the next downside target. First resistance is today's high crossing at 146.07. Second resistance is the 20-day moving average crossing at 146.63. First support is the 75% retracement level of the February-June-rally crossing at 142.02. Second support is the 87% retracement level of the February-June-rally crossing at 140.03.

August feeder cattle closed down $0.25 at $211.22.

August Feeder cattle closed lower on Thursday. The low-range close sets the stage for a steady to lower opening when Friday's session begins trading. Stochastics and the RSI are turning neutral to bullish hinting that a low might be in or is near. Closes above the 20-day moving average crossing at 213.13 are needed to confirm that a short-term low has been posted. If August renews the decline off June's high, April's low crossing at 206.40 is the next downside target. First resistance is the 20-day moving average crossing at 213.13. Second resistance is the reaction high crossing at 216.80. First support is July's low crossing at 208.07. Second support is April's low crossing at 206.40.

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