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June hogs closed up $0.80 at $80.15.

June hogs closed higher on Tuesday as it extends the rally off April's low. The high-range close sets the stage for a steady to higher opening when Wednesday'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 aforementioned rally, February's high crossing at 80.35 is the next upside target. Closes below the 20-day moving average crossing at 76.66 would confirm that a short-term top has been posted. First resistance is today's high crossing at 80.15. Second resistance is February's high crossing at 80.35. First support is the 10-day moving average crossing at 78.52. Second support is the 20-day moving average crossing at 76.66.

June cattle closed down $0.85 at 123.08.

June cattle closed lower on Tuesday. The low-range close sets the stage for a steady to lower opening when Wednesday's session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If June renews this month's decline, the 50-day moving average crossing at 117.19 is the next downside target. If June resumes this year's rally, weekly resistance crossing at 141.90 is the next upside target. First resistance is April's high crossing at 134.55. Second resistance is weekly resistance crossing at 141.90. First support is last Tuesday's low crossing at 120.57. Second support is the 50-day moving average crossing at 117.19.

August Feeder cattle closed down $1.28 at $151.50.

August Feeder cattle closed lower on Tuesday. The low-range close sets the stage for a steady to lower opening when Wednesday's session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If August renews this year's rally, weekly resistance crossing at 165.21 is the next upside target. If August resumes the decline off April's high, the 50-day moving average crossing at 142.25 is the next downside target. First resistance is May's high crossing at 163.50. Second resistance is weekly resistance crossing at 165.21. First support is May's low crossing at 144.65. Second support is the 50-day moving average crossing at 142.25.

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