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October hogs closed down $3.00 at $59.30.

October hogs gapped lower and closed limit down on Friday after China announce new tariffs on U.S. pork. 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 neutral to bearish signaling that sideways to lower prices are possible near-term. If October extends 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 71.24 would confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 66.38. Second resistance is the 50-day moving average crossing at 71.24. First support is today's low crossing at 59.30. Second support the July-2018 low crossing at 58.20.

October cattle closed down $1.70 at 99.40.

October cattle closed lower on Friday. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are turning 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 103.66 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 103.66. First support is last-Friday's low crossing at 97.78. Second support is weekly support crossing at 97.08.

October Feeder cattle closed down $2.95 at $132.52.

October Feeder cattle closed lower on Friday. 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 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 renews 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.