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June hogs closed down $0.53 at $77.55.

June hogs closed lower on Friday. The low-range close sets the stage for a steady to lower opening when Monday's 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 June extends the reaction high, crossing at 79.60 is the next upside target. Closes below the 20-day moving average crossing at 75.52 would confirm that a short-term top has been posted. First resistance is the reaction high crossing at 79.60. Second resistance is March's high crossing at 81.33. First support is the 20-day moving average crossing at 75.52. Second support is April's low crossing at 70.25.

June cattle closed up $0.73 at 103.73.

June cattle closed higher on Friday. The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. If June resumes the decline off February's high, the March 2017 low crossing at 96.40 is the next downside target. If June extends the rally off April's low, the reaction high crossing at 106.93 is the next upside target. First resistance is the reaction high crossing at 106.93. Second resistance is the 50-day moving average crossing at 110.14. First support is the 87% retracement level of 2017's rally crossing at 99.63. Second support is the March 2017 low crossing at 96.40.

May Feeder cattle closed up $0.90 at $139.33.

May Feeder cattle 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 a short-term top might be in or is near. Closes below the 20-day moving average crossing at 136.98 would confirm that a short-term top has been posted. If May extends the rally off April's low, the 50-day moving average crossing at 142.70 is the next upside target. First resistance is Monday's high crossing at 142.65. Second resistance is the 50-day moving average crossing at 142.70. First support is last Tuesday's low crossing at 134.33. Second support is April's low crossing at 128.88.

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