Cattle futures traded on both sides of unchanged yesterday while lean hogs scored a HUGE technical victory.

Live Cattle
Technicals (October- V)
October live cattle futures traded on both sides of unchanged yesterday, only to finish the day near where they started. All in all, it does little to change the technical landscape. The Bulls have the advantage until we see a close back below 183.00-183.15. Resistance remains intact from 184.35-184.80, above that is the contract high from July 20th, 185.75.
Resistance: 184.35-184.80***, 185.75**
Pivot: 183.00-183.15
Support: 181.52-182.30**, 178.62-179.10**

Seasonal Tendencies
This year bucked the trend of the seasonal weakness in the back half of August, but yesterday was able to pick up on the Bullish seasonal tendencies.

Feeder Cattle
Technicals (October – V)
October feeder cattle looked like they were going to selloff midday yesterday but found their footing following the USDA report which helped propel prices to new highs, ultimately finishing the session back near unchanged for the day.
Resistance: 262.07*
Pivot: 257.40-257.925
Support: 253.50-254.25***, 252.60-253.00**

Seasonal Tendencies
October feeder cattle futures have been bucking the trend of historical seasonal tendencies, see the chart below for Comparisions versus the 5, 10, 15, 20, and 30 year averages.

Lean Hogs
Technicals (October – V)
October lean hogs ripped higher yesterday trading back to and above the 200-day moving average for the first time since July 31st. If the Bulls can defend this strength through today’s session, we could see an extension and retest of the August highs, 86.75.
Resistance: 85.15-85.75*****, 86.75**, 90.20***
Pivot: 84.85
Support: 82.20-82.975***, 80.55-81.50***

Seasonal Tendencies
October lean hogs are entering a seasonally friendly time of year. See the chart below for Comparisions versus the 5, 10, 15, 20, and 30 year averages.
