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April hogs closed higher $0.32 at $67.47.

April 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 have turned neutral to bearish signaling that sideways to lower prices are possible near-term. If April renews the decline off November's high, monthly support crossing at 58.70 is the next downside target. If April extends the rally off last week's low, the reaction high crossing at 75.15 is the next upside target. First resistance is Monday's high crossing at 69.70. Second resistance is the reaction high crossing at 75.15. First support is last Wednesday's low crossing at 63.57. Second support is monthly support crossing at 58.70.

April cattle closed up $1.90 at 151.70.

April cattle closed higher on Friday and above the 20-day moving average crossing at 150.37 confirming that a low has been posted. The high-close sets the stage for a steady to higher opening when Monday's session begins trading. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If April extends this week's rally, the reaction high crossing at 154.40 is the next upside target. If April renews this winter's decline, weekly support crossing at 140.62 is the next downside target. First resistance is today's high crossing at 151.87. Second resistance is the reaction high crossing at 154.40. First support is Tuesday's low crossing at 145.50. Second support is weekly support crossing at 140.62.

March feeder cattle closed up $1.60 at $201.90.

March Feeder cattle closed higher on Friday above the 20-day moving average crossing at 200.24 confirming that a 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 March extends today's rally, the reaction high crossing at 205.85 is the next upside target. If March renews this year's decline, the 75% retracement level of 2014's rally crossing at 188.18 is the next downside target. First resistance is today's high crossing at 202.70. Second resistance is the reaction high crossing at 205.85. First support is the reaction low crossing at 193.75. Second support is the 75% retracement level of 2014's rally crossing at 188.18.

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