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October hogs closed up $0.33 at $52.03.

October hogs closed higher on Thursday due to short covering. The high-range close sets the stage for a steady to higher opening when Friday'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 aforementioned decline, weekly support crossing at 48.80 is the next downside target. Closes above the 20-day moving average crossing at 56.37 would confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 53.70. Second resistance is the 20-day moving average crossing at 56.37. First support is today's low crossing at 50.82. Second support is weekly support crossing at 48.80.

October cattle closed down $1.58 at 101.90.

October cattle closed lower on Thursday as it extends this week's decline. The low-range close sets the stage for a steady to lower opening when Friday's session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If October extends this week's decline, September's low crossing at 99.37 is the next downside target. Closes above the 10-day moving average crossing at 106.23 would confirm that a short-term low has been posted. First resistance is last Wednesday's high crossing at 109.22. Second resistance is the reaction high crossing at 111.80. First support is Wednesday's low crossing at 101.52. Second support is September's low crossing at 99.37.

October Feeder cattle closed down $0.53 at $127.50.

October 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 neutral to bearish signaling that sideways to lower prices are possible near-term. If October extends the decline off August's high, monthly support crossing at 125.31 is the next downside target. Closes above last Thursday's high crossing at 134.18 are needed to confirm that a short-term low has been posted. First resistance is last Thursday's high crossing at 134.18. Second resistance is the reaction high crossing at 140.32. First support is Wednesday's low crossing at 125.75. Second support is monthly support crossing at 125.31.

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