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October hogs closed up $2.63 at $61.32.

October hogs closed higher on Friday and above the 10-day moving average crossing at 60.80 tempering the bearish outlook. The high-range close sets the stage for a steady to higher opening when Friday's session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If October extends Thursday's decline, August's low crossing at 57.57 is the next downside target. First resistance is August's high crossing at 63.25. Second resistance is the reaction high crossing at 64.70. First support is Thursday's low crossing at 58.37. Second support is August's low crossing at 57.57.

October cattle closed down $2.17 at 106.35.

October cattle closed sharply lower on Friday as it extends this month's decline. The low-range close sets the stage for a steady to lower opening when Monday's session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If October extends this month's decline, July's low crossing at 105.25 is the next downside target. Closes above the 20-day moving average crossing at 112.61 would confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 110.44. Second resistance is the 20-day moving average crossing at 112.61. First support is today's low crossing at 106.20. Second support is July's low crossing at 105.25.

October Feeder cattle closed down $2.15 at $135.95.

October Feeder cattle closed lower on Friday as it extends the decline off August's high. The low-range close sets the stage for a steady to lower opening when Monday's session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If October extends the decline off August's high, July's low crossing at 132.27 is the next downside target. Closes above the 20-day moving average crossing at 142.24 would confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 142.24. Second resistance is August's high crossing at 147.00. First support is today's low crossing at 135.15. Second support is July's low crossing at 132.27.

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