LIVESTOCK: October live cattle closed up $0.20 at $126.92 Wednesday. Prices closed near the session low Wednesday. A stronger U.S. dollar index limited the upside in cattle Wednesday. The bears have gained some downside technical momentum recently. Cattle bulls do still have the slight overall near-term technical advantage. Bulls’ next upside price “breakout” objective is to push and close prices above solid resistance at $128.50. The next downside technical breakout objective for the bears is pushing and closing prices below solid technical support at $126.40. First resistance is seen at Wednesday’s high of $127.52 and then at this week’s high of $127.75. First support is seen at last week’s low of $126.62 and then at $126.00. Wyckoff’s Market Rating: 5.5

October feeder cattle closed up $0.67 at $157.62 Wednesday. Prices closed near the session low Wednesday. The feeder bulls are clawing back after Monday’s limit-down trade. Bulls have regained the near-term technical advantage. The next upside price breakout objective for the feeder bulls is to push and close prices above solid technical resistance at $159.00. The next downside price breakout objective for the bears is to push and close prices below solid technical support at this week’s low of $155.85. First resistance is seen at Wednesday’s high of $158.10 and then at $158.50. First support is seen at $157.00 and then at $156.57. Wyckoff’s Market Rating: 6.0

October lean hogs closed down $0.52 at $86.05 Wednesday. Prices closed nearer the session low Wednesday. The hog bulls have the slight near-term technical advantage but need to show fresh power soon to keep it. The next upside price breakout objective for the hog bulls is to push and close prices above solid chart resistance at $87.00. The next downside price breakout objective for the bears is pushing prices below solid technical support at $85.00. First resistance is seen at Wednesday’s high of $86.50 and then at this week’s high of $86.80. First support is seen at this week’s low of $85.57 and then at $85.00. Wyckoff’s Market Rating: 5.5