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October hogs closed up $0.95 at $64.98.

October hogs closed higher on Tuesday as it extends August's trading range. 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 bearish signaling that sideways to lower prices are possible near-term. If October resumes the decline off July's high, the July-2018 low crossing at 58.20 is the next downside target. Closes above the 50-day moving average crossing at 72.15 would confirm that a short-term low has been posted. First resistance is the 50-day moving average crossing at 72.15. Second resistance is July's high crossing at 81.98. First support is August's low crossing at 61.50. Second support the July-2018 low crossing at 58.20.

October cattle closed up $1.78 at 100.00.

October cattle closed higher on Tuesday. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If October extends the decline off July's high, weekly support crossing at 97.08 is the next downside target. Closes above the 20-day moving average crossing at 105.12 would confirm that a short-term low has been posted. First resistance is last-Tuesday's gap crossing at 103.75. Second resistance is the 20-day moving average crossing at 105.12. First support is last-Friday's low crossing at 97.78. Second support is weekly support crossing at 97.08.

October Feeder cattle closed up $0.48 at $133.65.

October Feeder cattle closed slightly higher 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 neutral to bullish signaling that a low might be in or is near. Closes above last-Monday's gap crossing at 137.82 would confirm that a low has been posted. If October extends the decline off July's high, weekly support crossing at 126.09 is the next downside target. First resistance is last-Monday's gap crossing at 137.82. Second resistance is July's high crossing at 144.43. First support is last-Tuesday's low crossing at 127.32. Second support is weekly support crossing at 126.09.