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December hogs closed up $0.30 at $73.50.

December hogs closed higher on Friday as it consolidated some of the decline off October's high. The mid-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends the aforementioned decline, the September low crossing at $71.27 is the next downside target. Closes above the 20-day moving average crossing at $80.06 would signal that a short-term low has been posted. First resistance is the 10-day moving average crossing at $77.10. Second resistance is the 20-day moving average crossing at $80.06. First support is today's low crossing at $72.87. Second support is September's low crossing at $71.27.

December cattle closed down $1.23 at $128.32.

December cattle closed lower on Friday below last-Wednesday's low crossing at $128.55 would signal that a short-term top has been posted. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI have turning neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends this week's decline, the reaction low crossing at $127.12 is the next downside target. Closes above the 50-day moving average crossing at $130.53 would open the door for a larger-degree rally. First resistance is the 50-day moving average crossing at $130.53. Second resistance is minor resistance crossing at $133.08. First support is today's low crossing at $128.25. Second support is October's low crossing at $125.00.

November Feeder cattle closed down $2.30 at $156.77.

November feeder cattle closed sharply lower on Friday and below the 20-day moving average crossing at $158.40 signaling that a short-term top has been posted. The low-range close sets the stage for a steady to lower opening when Monday's session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If November extends the rally off September's low, the 50-day moving average crossing at $161.77 is the next upside target. First resistance is the 50-day moving average crossing at $161.77. Second resistance is the reaction high crossing at $162.48. First support is today's low crossing at $156.57. Second support is September's low crossing at $152.00.