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July hogs closed down $1.85 at $81.88.

July hogs 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 overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If July extends the rally off April's low, the late-February high crossing at 84.67 is the next upside target. Closes below the 20-day moving average crossing at 79.46 would confirm that a short-term top has been posted. First resistance is Tuesday's high crossing at 83.83. Second resistance is the late-February high crossing at 84.67. First support is the 10-day moving average crossing at 81.27. Second support is the 20-day moving average crossing at 79.46.

October cattle closed up $0.92 at 105.50.

October cattle closed higher on Tuesday. The high-range close sets the stage for a steady to higher opening when Wednesday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If October renews the rally off May's low, April's high crossing at 110.05 is the next upside target. First resistance is last Monday's high crossing at 108.90. Second resistance is April's high crossing at 110.05. First support is last Friday's low crossing at 103.50. Second support is May's low crossing at 101.50.

August Feeder cattle closed up $0.65 at $149.63.

August Feeder cattle closed higher on Tuesday and 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 August renews the rally off May's low, March's high crossing at 153.88 is the next upside target. Closes below last Friday's low crossing at 142.17 would confirm that a short-term top has been posted. First resistance is today's high crossing at 149.93. Second resistance is March's high crossing at 153.88. First support is last Friday's low crossing at 142.18. Second support is May's low crossing at 136.25.

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