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December hogs closed down $0.20 at $67.95.

December hogs closed lower on Friday as it extends the August-September trading range. The mid-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 50-day moving average crossing at 66.16 would temper the near-term bullish outlook. If December extends the rally off September's low, the 50% retracement level of the April-September-decline crossing at 73.89 is the next upside target. First resistance is the 50% retracement level of the April-September-decline crossing at 73.89. Second resistance is July's high crossing at 79.97. First support is October's low crossing at 63.08. Second support September's low crossing at 57.75.

December cattle closed down $0.75 at 113.63.

December cattle closed lower on Friday as it consolidated some of the rally off September's low. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off September's low, the 75% retracement level of the March-September-decline crossing at 117.71 is the next upside target. Closes below the 20-day moving average crossing at 104.05 would temper the near-term friendly outlook. First resistance is the 62% retracement level of the March-September-decline crossing at 114.25. Second resistance is the 75% retracement level of the March-September-decline crossing at 117.71. First support is the 10-day moving average crossing at 112.56. Second support is the 20-day moving average crossing at 111.05.

November Feeder cattle closed down $1.48 at $142.85.

November Feeder cattle closed lower on Friday. The mid-range close sets the stage for a steady to lower opening when Monday's session begins trading. Stochastics and the RSI have turned neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 142.64 would signal that a short-term top has been posted. If November extends the rally off September's low, the 62% retracement level of the April-August-decline crossing at 149.26 is the next upside target. First resistance is Monday's high crossing at 146.83. Second resistance is the 62% retracement level of the April-August-decline crossing at 149.26. First support is the 20-day moving average crossing at 142.64. Second support is the 50-day moving average crossing at 136.93.