Pure Hedge - Livestock and Grain

4/7/26

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The Livestock Markets were all lower today, with the Cattle Markets pulling back, and waiting to see what happens with the Iran Deadline at 8:00pm Eastern Time tonight. June'26 Live Cattle were 1.22 ½ lower today and settled at 245.80. Today's high was 247.60 and the 1-month and contract high are 248.45. Today's low was 245.37 ½ and the 1-month low is 224.22 ½. Since 3/6 June'26 Live Cattle are 14.07 ½ higher or more than 6%. The May'26 Feeders lent out a few bucks today. The May'26 Feeder Cattle were 3.72 ½ lower today and settled at 366.62 ½. Today's high was 370.75 and the 1-month high is 372.62 ½. Today's low was 366.05 and the 1-month low is 336.45. Since 3/6 May'26 Feeder Cattle are 18.35 higher or more than 5%. The Hogs were lower as well today. June'26 Lean Hogs were 65 cents lower today and settled at 107.05. Today's high was 107.75 and the 1-month high is 111.37 ½. Today's low was 106.65 and the 1-month low is 102.95. Since 3/6 June'26 Lean Hogs are 3.50 lower or more than 3%. The world is waiting to see what happens in Iran tonight. Currently, there are still discussions happening, and Pakistan has presented a proposal of a 2-week ceasefire, and an opening of the Strait of Hormuz for 2-weeks. We will see what happens or does not happen tonight before 8:00pm Eastern Time. Today, the Crude Oil Market dominated the day and pushed the Stock Markets and the Commodity Markets all over the place today. The Live Cattle Market have closed higher the past 7 days, and that came to an end today, but it could be temporary. If there is a deal made with Iran tonight, I feel the Crude Oil Market can crash, and possibly send the Stock Markets much higher, and both would be positive for the Cattle Markets. The June'26 Live Cattle made a new contract yesterday at 248.45, and I feel there is a good chance to see a new contract high before the end of the week. I still feel we can see the Feeders fill the gap, test the contract highs, and trade into uncharted territory. Currently the Crude Oil Market and the Stock Markets are hovering around unchanged on the day. We will know more in less than 4 hours. May'26 Crude Oil was more than $2.00 lower at the end of trading today. 

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This is what I said last Thursday.

New contract highs in the June'26 Live Cattle. That feels good, and another 15-dollars higher looks very possible to me. I heard some 245's traded in the cash market today, and then that bid was passed with an offer at 247. The 260 level is starting to look like a good target level in the June'26 Fats, and the total open interest in the Live Cattle over the last 5-days (excluding today) has increased 8766 contracts The Feeders look good as well, and the May'26 Feeders settled above the 370 level. The May'26 Feeders are in the Gap and need to trade 374.77 ½ to fill it. The contract high is just 1.92 ½ above the top of the Gap at 376.70. I put on new upside Option Trades in the Fats today, let me know if you would like to know more. There are Trades from earlier this week below. Give me a call if you have any questions. 

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This is what I said on Tuesday:

The Cattle Markets are on fire and continued to charge ahead today. The Fats and Feeders traded close to the gaps early today, but the Break in the Crude Oil Market pushed them both over the line, and it was off to the races. The June'26 Fats and the May'26 Feeders now have their eye on the Contract Highs, and today's strong technical action should help. Expectations of a strong cash make this week should also help keep a bid in the Cattle Markets, and I heard 238 traded already today. If the war with Iran is close to over or is over soon, the Crude Oil should break substantially, and the Stock Markets should shoot higher, much more than they already have today. That should propel the Fats and Feeders into uncharted territory and who knows how high it can go. There is still opportunity in the Option Markets, call me.  (I recommend buying the July'26 Crude Oil 70.00 Puts. 

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This is what I said last Thursday:

“The Cattle Markets continue to push ahead, despite strong headwinds coming from the Stock Markets and the Crude Oil Markets. Maybe, some think the war with Iran could be over soon, and are taking advantage of Cattle prices now, before the outside markets correct, which could catapult the Fats and Feeders over the 1-month highs. It is just a thought, but the Fats and Feeders had nice gains today, with the Crude Oil Market more than 4-dollars higher, and the Dow Jones Index more than 500 points lower. If the strike in Colorado ends, it would also be a big shot in the arm for the Cattle Markets. WOW, as I am typing this the Crude Oil Market just broke $4.50 in about 15 seconds, with the Dow jumping 250 points. The Dow is down 250 points still, but the Crude recovered and is now $2.50 higher on the day. Crazy markets, but that was a great example of how quickly the Crude Oil Market could break when the Oil starts flowing through the Strait again. I still recommend buying your Crude Oil Puts now while you still can, and Put Spreads make it a lot cheaper to get closer to the at the money strike. It is going to be a crazy year, full of opportunity. Give me a call if you are ready.”
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NOW IS THE TIME TO OPEN AN ACCOUNT BEFORE IT IS JULY AGAIN

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BELOW IS A DIRECT LINK TO FILL OUT ACCOUNT PAPERWORK - PLEASE CALL ME IF YOU HAVE ANY QUESTIONS.

https://portal2.straitsfinancial.com/Identity/Account/Register?brokerId=978

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Having a Trading or Hedging Account is essential for your business to be successful. Market volatility has increased across all commodities over the last 12 months, and I expect it to continue to increase over the next 12 months as well. Opening an account in the future, will not help you if you need access now. To be successful, you need to be able to manage risk in real time. If you are proactive now, you will have the ability to be reactive when you need to be. You can be Prepared and Patient at the same time. Call me or hit the direct link above.

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Through Walsh Trading I have built the best 5-man team in the business. Give me a call and let me show you how the Pure Hedge Division can help your bottom line. 

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The Grain Markets were mixed today, with the Soybeans and Corn diving lower and the Wheat closing a little higher today. May'26 Soybeans were 8 ½ cents lower today and settled at 1158 ¼. Today's high was 1170 ½ and the 1-month and contract high are 1238 ¾. Today's low was 1155 ¼ and the 1-month low is 1145 ¼. Since 3/6 May'26 Soybeans are 42 ¼ cents lower or more than 3 ½%. May'26 Corn dipped lower today. May'26 Corn was 5 cents lower today and settled at 449. Today's high was 455 and the 1-month high is 476. Today's low was 448 ¼ and the 1-month low is 445 ½. Since 3/6 May'26 Corn is 11 ¼ cents lower or almost 2 ½%. The Wheat Market settled a little higher today. May'26 Wheat was 2¾ cents higher today and settled at 598. Today's high was 600 ½ and the 1-month high is 641 ¾. Today's low was 588 and the 1-month low is 577 ¾. Since 3/6 May'26 Wheat is 18 cents lower or almost 3%. The Grain Markets have been watching world events as well and most of them traded lower today. If the Crude Oil Market sinks lower tonight, I feel it can break the Wheat Market as well. I still feel all of the Grain Markets are overpriced and recommend Bear Spreading all of the Grain Futures, except Soybean Oil. I have talk about the Soybean Oil for a while, and you can see why. It has performed very well so far this year, and I do not believe it is done yet. There could be a pullback if Crude Oil breaks hard, but that would be a buying opportunity. I still like the Soybeans to head toward the 1100 level, Corn to slowly drift lower, the Wheat Market to sink another 50 cents or more, and the Soybean Meal to trade below 300.00. It could be a very volatile evening in the Markets and tomorrow could be crazy. I recommend checking to see if you have any resting orders before everything opens back up tonight. There's lots of opportunity and plenty of action in the Option Markets. Give me a call if you would like to know more or are ready to open an account. 

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FATS AND FEEDER TRADES FROM MONDAY 3/30/26 BELOW

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GRAIN FUTURES AND OPTIONS TRADES FROM YESTERDAY 4/1/26 BELOW

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THIS WEEKS WALSH GAMMA TRADER FROM MONDAY 3/30/26

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If you don't like the customer service or personal attention you are receiving from your broker, you have options, and you don't have to stay there. I can have your new account open in 1-2 days. Call me anytime 312-957-8079 BALLEN@WALSHTRADING.COM   Sign Up Now

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If you would like to open an account, please use this direct link https://portal2.straitsfinancial.com/Identity/Account/Register?brokerId=978

.

.

Having a Trading or Hedging Account is essential for your business to be successful. Market volatility has increased across all commodities over the last 12 months, and I expect it to continue to increase over the next 12 months as well. Opening an account in the future, will not help you if you need access now. To be successful, you need to be able to manage risk in real time. If you are proactive now, you will have the ability to be reactive when you need to be. You can be Prepared and Patient at the same time. Call me or hit the direct link above.

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USE THE QR CODE BELOW TO SIGNUP FOR TRADE ALERTS

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Thank you to all of my Canadian Customers. If you live in Alberta or Ontario, you are able to open an account in the USA. Hopefully we can work with the Province of Saskatchewan, and all Canadian Provinces soon. Your ability to open an account in the US is blocked by your Provincial Governments, not by the United States. 

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Thank you to all of my old and new Customers. I appreciate your business. To those of you that are close to opening an account, please call me if you have any questions, and I look forward to working with you soon. To anyone thinking about opening a Hedge or Trading account, give me a call and we can talk about it. 

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Most Recent Walsh Gamma Trader Link - Walsh Gamma Trader

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GOD BLESS AMERICA

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Give me a call if you have any questions.

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Bill Allen

Vice President

Pure Hedge Division 

Direct: 312-957-8079

ballen@walshtrading.com

WALSH TRADING INC.

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Suite 540 Chicago, Illinois 60606

www.walshtrading.com

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Futures and options trading involves substantial risk and is not suitable for all investors. Therefore, individuals should carefully consider their financial condition in deciding whether to trade. Option traders should be aware that the exercise of a long option will result in a futures position. The valuation of futures and options may fluctuate, and as a result, clients may lose more than their original investment. The information contained on this site is the opinion of the writer or was obtained from sources cited within the commentary. The impact on market prices due to seasonal or market cycles and current news events may already be reflected in market prices. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. 

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