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October hogs closed down $1.77 at $105.10.

October hogs closed lower on Wednesday. Today's low-range close sets the stage for a steady to lower opening when Thursday's night 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 August's low, the 62% retracement level of the July-August's decline crossing at 107.61 is the next upside target. Closes below the 20-day moving average crossing at 100.62 would confirm that a short-term top has been posted. First resistance is today's high crossing at 107.20. Second resistance is the 62% retracement level of the July-August's decline crossing at 107.61. First support is the 10-day moving average crossing at 105.43. Second support is the 20-day moving average crossing at 100.62.

October cattle closed up $0.82 at 157.02.

October cattle closed higher on Wednesday. The mid-range close sets the stage for a steady to higher opening when Thursday's session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 153.47 would confirm that a double top has been posted. If October renews the rally off August's low, July's high crossing at 160.70 is the next upside target. First resistance is last Wednesday's high crossing at 160.50. Second resistance is July's high crossing at 160.70. First support is Tuesday's low crossing at 154.95. Second support is the 20-day moving average crossing at 153.47.

October feeder cattle closed up $2.22 at $228.10.

October Feeder cattle gapped up and closed higher on Wednesday. The high-range close sets the stage for a steady to higher opening when Thursday's night 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 August's low into uncharted territory, upside targets will be hard to project. Closes below the 20-day moving average crossing at 219.77 would confirm that a short-term top has been posted. First resistance is today's high crossing at 228.30. Second resistance is unknown. First support is the 10-day moving average crossing at 225.85. Second support is the 20-day moving average crossing at 219.77.

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