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June hogs closed down $0.02 at $80.53.

June hogs closed slightly lower on Friday. The high-range close sets the stage for a steady to higher opening when Tuesday's session begins trading. Stochastics and the RSI are neutral to bullish signaling that a low might be in or is near. Closes above the 20-day moving average crossing at 81.35 are needed to confirm a short-term low has been posted. If June resumes this month's decline, the reaction low crossing at 77.55 is the next downside target. First resistance is May's high crossing at 83.47. Second resistance is March's high crossing at 83.97. First support is Monday's low crossing at 78.62. Second support is the reaction low crossing at 77.55.

June cattle closed up $0.77 at 119.70.

June cattle closed higher on Friday as it consolidates some of this month's decline. The mid-range close sets the stage for a steady to higher opening when Tuesday's session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 120.51 are needed to confirm that a low has been posted. If June renews the decline off May's high, the reaction low crossing at 114.07 is the next downside target. First resistance is Monday's gap crossing at 120.40. Second resistance is May's high crossing at 124.67. First support is Thursday's low crossing at 116.45. Second support is March's low crossing at 113.90.

August Feeder cattle closed up $1.30 at $146.70.

August Feeder cattle closed higher due to short covering on Friday as it consolidated some of this month's decline. The high-range close sets the stage for a steady to higher opening when Tuesday's session begins trading. Stochastics and the RSI have turned neutral to bullish signaling that sideways to higher prices are possible near-term. Multiple closes above the 10-day moving average crossing at 146.21 are needed to confirm that a short-term low has been posted. If August renews this month's decline, April's low crossing at 138.10 is the next downside target. First resistance is May's high crossing at 152.20. Second resistance is April's high crossing at 156.42. First support is Tuesday's low crossing at 139.77. Second support is April's low crossing at 138.10.

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