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August hogs closed down $0.48 at $49.75.

August hogs posted an inside day with a lower close on Friday. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at $50.91 would confirm that a short-term low has been posted. If August renews the decline off May's high, weekly support crossing at $44.76 is the next downside target. First resistance is the 20-day moving average crossing at $50.91. Second resistance is the 50-day moving average crossing at $55.17. First support is June's low crossing at $47.52. Second support is weekly support crossing at $44.76.

August cattle closed up $0.93 at $100.18.

August cattle closed higher on Friday. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are turning neutral to bearish signaling that a short-term top might be in or is near. Closes below the 50-day moving average crossing at $97.53 would signal that a short-term top has been posted. If August extends the rally off April's low, the 62% retracement level of the January-April-decline crossing at $103.35 is the next upside target. First resistance is the May 8th high crossing at $101.90. Second resistance is the 62% retracement level of the January-April-decline crossing at $103.35. First support is the 50-day moving average crossing at $97.53. Second support is the June 15th low crossing at $93.58.

August Feeder cattle closed up $1.23-cents at $135.75.

August Feeder cattle closed higher on Friday. The high-range close sets the stage for a steady to higher opening when Monday's session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If August extends the rally off June's low, May's high crossing at $138.80 is the next upside target. Closes below the June 29th low crossing at $130.45 would confirm that a short-term top has been posted. First resistance is June's high crossing at $136.73. Second resistance is May's high crossing at $138.80. First support is June's low crossing at $128.68. Second support is May's low crossing at $125.30.