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April hogs closed down $2.08 at $67.28.

April hogs closed sharply 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 turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the reaction low crossing at 67.08 would confirm that a short-term top has been posted. If April renews the rally off February's low, February's high crossing at 72.65 is the next upside target. First resistance is last Tuesday's high crossing at 71.28. Second resistance is February's high crossing at 72.65. First support is February's low crossing at 66.03. Second support is the reaction low crossing at 64.48.

April cattle closed up $0.33 at 122.10.

April cattle closed higher on Friday as it extends the rally off February's high. 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 April extends the rally off February's low, weekly resistance crossing at 125.70 is the next upside target. Closes below the 20-day moving average crossing at 106.79 would confirm that a short-term top has been posted. First resistance is today's high crossing at 123.90. Second resistance is weekly resistance crossing at 125.70. First support is the 10-day moving average crossing at 104.55. Second support is the 20-day moving average crossing at 117.97.

May Feeder cattle closed down $0.23 at $133.80.

May Feeder cattle closed lower on Friday as it consolidates some of the rally off February's low. 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 May extends the aforementioned rally, weekly resistance crossing at 146.38 is the next upside target. Closes below the 20-day moving average crossing at 126.94 would confirm that a short-term top has been posted. First resistance is Thursday's high crossing at 136.22. Second resistance is weekly resistance crossing at 146.38. First support is the 10-day moving average crossing at 130.69. Second support is the 20-day moving average crossing at 126.94.

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