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October hogs closed down $0.15 at $59.05.

October hogs closed lower for the third day in a row on Friday as it extends the decline off June'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 June's high, weekly support crossing at 57.46 is the next downside target. Closes above the 20-day moving average crossing at 65.80 are needed to confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 62.70. Second resistance is the 20-day moving average crossing at 65.80. First support is today's low crossing at 58.77. Second support is weekly support crossing at 57.46.

October cattle closed down $0.37 at 111.72.

October cattle closed lower on Friday as it consolidates some of the rally off last Thursday's low. The low-range close sets the stage for a steady to lower opening when Monday'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 last Thursday's low, the reaction high crossing at 115.32 is the next upside target. Closes below Monday's gap crossing at 108.52 would confirm that a short-term top has been posted. First resistance is the reaction high crossing at 115.32. Second resistance is June's high crossing at 118.75. First support is Monday's gap crossing at 108.52. Second support is July's low crossing at 105.20.

October Feeder cattle closed down $0.62 at $137.72.

October Feeder cattle closed lower on Friday. The low-range close sets the stage for a steady to lower opening when Monday's session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. If August renews the decline off July's high, monthly support crossing at 131.90 is the next downside target. If October extends the rally off last Thursday's low, July's high crossing at 146.10 is the next upside target. First resistance is July's high crossing at 146.10. Second resistance is June's high crossing at 148.52. First support is July's low crossing at 134.12. Second support is monthly support crossing at 131.90.

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