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June hogs closed up $1.12 at $79.45.

June hogs closed higher on Friday. The high-range close sets the stage for a steady to higher opening when Monday's session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If June renews the rally off March's low, the 38% retracement level of the November-March-decline crossing at 82.83 is the next upside target. Closes below Monday's low would open the door for a test of March's low crossing at 72.50. First resistance is today's high crossing at 79.65. Second resistance is the 38% retracement level of the November-March-decline crossing at 82.89. First support is Monday's low crossing at 75.12. Second support is March's low crossing at 72.50.

June cattle closed up $2.17 at 151.20.

June cattle closed sharply higher on Friday as it extends this week's rally. The high-range close sets the stage for a steady to higher opening when Monday's session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above last Thursday's high crossing at 152.30 are needed to confirm that a short-term low has been posted. If June renews the decline off April's high, the reaction low crossing at 144.20 is the next downside target. First resistance is last Thursday's high crossing at 152.30. Second resistance is April's high crossing at 154.50. First support is Wednesday's low crossing at 145.20. Second support is the reaction low crossing at 144.20.

May feeder cattle closed up $2.82 at $214.07.

May Feeder cattle closed sharply higher on Friday and above the 20-day moving average crossing at 212.71 confirming the short-term low has been posted. The high-range close sets the stage for a steady to higher opening when Monday's session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If May extends this week's rally, April's high crossing at 220.25 is the next upside target. If May resumes this month's decline, the reaction low crossing at 198.15 is the next downside target. First resistance is today's high crossing at 214.07. Second resistance is April's high crossing at 220.25. First support is Monday's low crossing at 205.07. Second support is the reaction low crossing at 198.15.

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