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October hogs closed up $3.13 at $58.60.

October hogs gapped up and closed sharply higher on Friday on news that trade talks between the U.S. and China may resume in the near future. The high-range close sets the stage for a steady to higher opening when Monday's session begins trading. Stochastics and the RSI are overbought but remain bullish signaling that sideways to higher prices are possible near-term. If October extends the rally off last-Thursday's low, the reaction high crossing at 60.20 is the next upside target. Closes below the 20-day moving average crossing at 51.82 would temper the bullish outlook. First resistance is today's high crossing at 58.85. Second resistance is the reaction high crossing at 60.20. First support is August's low crossing at 47.82. Second support is weekly support crossing at 46.24.

October cattle closed up $1.60 at 110.88.

October 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 have turned neutral to bullish signaling that sideways to higher prices are possible near-term. If October extends today's rally, July's high 112.25 is the next upside target. If October renews the decline off August's high, the reaction low crossing at 105.48 is the next downside target. First resistance is July's high crossing at 112.25. Second resistance is the 75% retracement level of the February-May-decline crossing at 113.33. First support is August's low crossing at 107.65. Second support is July's low crossing at 105.48.

October Feeder cattle closed up $1.63 at $151.85.

October Feeder cattle closed higher on Friday and above the 20-day moving average crossing at 151.40 confirming that a short-term low has been posted. The high-range close sets the stage for a steady to higher opening when Monday's session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If October extends today's rally, the reaction high crossing at 153.45 is the next upside target. If October renews the decline off July's high, the 50% retracement level of the April-July-rally crossing at 146.35 is the next downside target. First resistance is the reaction high crossing at 153.45. Second resistance is July's high crossing at 155.38. First support is the 50% retracement level of the April-July-rally crossing at 146.35. Second support is the reaction low crossing at 145.42.

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