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April hogs closed up $0.83 at $59.53.

April hogs closed higher on Friday. The high-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that a low might be in or is near. Closes above the 20-day moving average crossing at 61.56 are needed to confirm that a short-term low has been posted. If April resumes the decline off November's high, July's low crossing at 57.80 is the next downside target. First resistance is the 20-day moving average crossing at 61.56. Second resistance is the reaction high crossing at 63.33. First support is Monday's low crossing at 57.87. Second support is July's low crossing at 57.80.

April cattle closed down $0.20 at 127.18.

April cattle closed lower on Friday. The mid-range close sets the stage for a steady opening when Tuesday'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 126.03 are needed to confirm that a short-term top has been posted. If April extends the rally off November's low, weekly resistance crossing at 134.55 is the next upside target. First resistance is January's high crossing at 129.48. Second resistance is weekly resistance crossing at 134.55. First support is the 50-day moving average crossing at 126.03. Second support is January's low crossing at 123.50.

March Feeder cattle closed down $1.48 at $142.60.

March Feeder cattle closed lower on Friday. The low-range close sets the stage for a steady to lower opening when Tuesday's session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If March renews the decline off December's high, December's low crossing at 140.35 is the next downside target. Closes above the reaction high crossing at 145.58 would temper the bearish outlook. First resistance is the reaction high crossing at 145.58. Second resistance is December's high crossing at 147.58. First support is January's low crossing at 141.20. Second support is December's low crossing at 140.35.

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