CHICAGO (Dow Jones)--Chicago Mercantile Exchange hogs could open mixed Tuesday, said analysts and brokers.

Follow-through from Monday's futures' declines and steady-to-lower cash hog price calls are bearish market features. Aggressive daily hog slaughters could become another negative market issue.

And, some bullish traders may get out of spot-October before the contract's Oct. 14 expiration date.

However, possible short covering and late-Monday's $0.13 per hundredweight pork cutout bump are positive lean hog factors. Mending pork packer margins may motivate market bulls.

The Dow Jones packer margin index for Friday's operations was plus $7.06, compared with plus $5.32 the previous day.

October is oversold based on its Relative Strength Index chart. Also, October and December are at bullish discounts to CME's hog index.

October's 48.86 40-day moving average serves as an area of support. The contract's 49.89 10-day moving average is a resistance level.

December's 46.75 Aug. 26 high is a price support level. The contract is set to challenge 47.80 40-day moving average resistance.

December's 48.30 Sept. 14 low is a price resistance barrier.

CME bellies could open uneven.

Potential leftover selling after futures' steep losses on Monday and heavy daily hog kills are bearish market matters.

However, possible short covering and February's oversold technical indictor are bullish belly futures factors.

CME's weekly belly storage report will be available on Tuesday after 5 p.m., EDT.

February's 76.50-cents Aug. 31 high is an area of price support. The contract's 78.25 Sept. 1 high is a price resistance obstacle.

March's 76.00 Aug. 27 high is a price support floor. The contract's 78.25 Sept. 1 low is a price resistance threshold.

Cattle Complex

Analysts and brokers anticipate a mostly weak CME live cattle start on spillover from Monday's soft futures settlement and cash cattle price uncertainty due to unprofitable beef packer margins and uninspiring boxed beef values.

Cash-basis fed cattle last week sold for mostly $83 per hundredweight versus mainly $84.50 the previous week.

The U.S. Department of Agriculture's Monday evening boxed beef data showed choice cuts down $0.02 per hundredweight, and select cuts dropped $0.76.

And, the latest operating margin index for beef packers was minus $27.80 per head, compared with minus $25.55 the previous day, as calculated by

Also, the CME late Monday reported 110 new live cattle deliveries against spot-October futures that will expire on Oct. 30.

By the same token, possible short covering and October and December oversold chart situations may cushion live cattle's potential fall.

Overnight-Chicago Board of Trade corn gains and U.S. dollar weakness may offer support to some distant cattle contracts.

Plus, most live cattle contracts' slide to new seasonal lows on Monday might give some in the pit a reason to buy those months on breaks Tuesday.

October's 82.60-cents Dec. 8 low is a major price support area. The contract's 83.00 Dec. 9 low is a price resistance target.

October's last contract low was on Dec. 5 at 81.25.

Possible December futures declines could cause the contract to test its 83.72 seasonal low on Monday. December's 84.25 Sept. 22 low and Monday's 84.50 high are price resistance barriers.

Feeder cattle may open lower on leftover selling from futures' modest losses on Monday, continued electronic-CBOT corn advances and bearish cash feeder cattle prices.

Some spot-October selling could occur before the contract expires on Oct. 29. And, far-month premiums to CME's feeder cattle index may deter prospective buyers.

By the same token, possible short covering and November's oversold technical indictor may minimize potential futures losses.

October's 92.75-cents Dec. 16 low is a price support area. The contract's 93.75 Monday high is a price resistance target.

November's 93.00 Monday low is a support floor. The contract's 93.75 high is a price resistance ceiling.

(To access the daily livestock market data recap report, keyword search for "Livestock Market Fundamental Data Recap")

-By Theopolis Waters; Dow Jones Newswires; 312-341-5778;