Pure Hedge - Livestock and Grain

4/23/26

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The Livestock Markets were all higher today, but not much. June'26 Live Cattle were 0.42 ½ higher today and settled at 243.50. Today's high was 243.95 and the 1-month and contract high are 252.00. Today's low was 240.92 ½ and the 1-month low is 232.37 ½. Since 3/23 June'26 Live Cattle are 8.82 ½ higher or almost 4%. The August'26 Feeders were lower most of the day but were able to close in the green. The August'26 Feeder Cattle were 0.47 ½ higher today and settled at 359.35. Today's high was 361.00 and the 1-month and contract high are 377.57 ½. Today's low was 354.65 and the 1-month low is 346.55. Since 3/23 August'26 Feeder Cattle are 10.37 ½ higher or almost 3%. The Hogs traded higher again today. June'26 Lean Hogs were 0.82 ½ higher today and settled at 103.45. Today's high was 103.57 ½ and the 1-month high is 107.85. Today's low was 102.00 and the 1-month low is 100.17 ½. Since 3/23 June'26 Lean Hogs are 0.95 lower or almost 1%. Secretary Rollins will be in Arizona tomorrow and some anticipate she will announce when the Southern Border reopens to Cattle from Mexico. The Fats and Feeders have declined 6-days in a row after making new contract highs, and today was the first pause in the Cattle Markets breaking. I feel the Government will do everything it can to lower the price of beef, and I am sure the Funds are watching as well. They are very long and open interest has declined in Live Cattle the last two days (I do not have today's data yet). I still like the downside in all of the Livestock Markets. Please start to hedge your Cattle. It broke quickly last time, and if I am right, it could break even faster if it happens again. There are a few trade recommendations below in the August'26 and October'26 Feeder Cattle. Give me a call if you have any questions. 

THIS IS WHAT I SAID ON TUESDAY 4/21/26

Hello again, it has been a busy month, but everything is going well and back on schedule. The Cattle Markets did what I thought they would do and what I wanted them to do. They filled the gap and made new contract highs. The Fats and Feeders have pulled back after making the new contract highs, down 5-days in a row, and from contract highs to today's settlement price, July'26 Live Cattle is down 8.45 and August'26 Feeder Cattle are down 19.10. That is more than 5% in the Feeders. The Crude Oil Market has been pushing around all markets, and with Iran just cancelling the meeting with the US scheduled for tomorrow, the Crude Oil shot back toward the highs of the day. Currently, June'26 Crude Oil is 4.40 higher @91.82. The Stock Markets started to sink late in the day as well, with the Dow Jones Index dropping more than 300 points on the day. If the meeting is not rescheduled, it could reignite the war with Iran, driving crude higher, and stocks lower, and both would hurt the Cattle Markets. (The ceasefire will be extended until a deal is made with Iran, but the blockade remains. President Trumps statement is below). The US Southern Border will reopen at some point, and although that does not mean 100,000's of cattle will cross the border right away, but the thought of that happening could get the funds nervous and they could start to liquidate, especially after just making all time contract highs and the war with Iran not ending yet. I was out of all of my longs in the Cattle Markets just before new contract highs were made, and I started to get short. There is a trade below that I structured and sent out on 4/16 in the August'26 Feeder Cattle. With Crude Oil and the war with Iran hanging over the Cattle Markets, and the eventual opening of the Southern Border, the overly long Funds could puke soon. CALL ME TOMORROW AND LET'S GET YOUR ACCOUNT OPEN NOW.

Hedge your Soybeans now please.
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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 heading South. July'26 Soybeans were 4 ¾ cents lower today and settled at 1174 ¾. Today's high was 1183 ¾ and the 1-month high is 1201 ¼. Today's low was 1172 ½ and the 1-month low is 1156 ¾. Since 3/23 May'26 Soybeans are 4 ¼ cents lower or almost ½%. July'26 Corn stayed positive again today. July'26 Corn was 1 cent higher today and settled at 463 ¾. Today's high was 465 ¼ and the 1-month high is 481 ¼. Today's low was 461 and the 1-month low is 448 ½. Since 3/23 July'26 Corn is 6 ¾ cents lower or almost 1 ½%. The Wheat Market was higher for some reason today. July'26 Wheat was 13 ¼ cents higher today and settled at 620 ¼. Today's high was 622 ¼ and the 1-month high is 636. Today's low was 607 ¼ and the 1-month low is 577 ¾. Since 3/23 July'26 Wheat is 20 ¼ cents higher or more than 3%. The Soybean Futures Spreads are working well, and I feel they could move another 30-40 cents. I still like the Soybeans around 1100. I feel today was a selling opportunity in the Wheat Market, and think it is overextended. I have trades in the Wheat, Soybeans, and Soybean Meal already structured and sent out yesterday and today. Give me a call if you are ready to start trading in the Option Markets. I still like the Soybeans to head toward the 1100 level, Corn to slowly drift lower to 440, the Wheat Market to sink another 50 cents or more, and the Soybean Meal to trade toward 300.00, and it could move there quickly. I have new meal trades ready to go if you are interested, and they all have limited risk. There's lots of opportunity and plenty of action in the Option Markets, and there will be plenty of price action the rest of the year to take advantage of in the Option Markets. Give me a call if you would like to know more or are ready to open an account. Take a look at the trade below. HEDGE YOUR CATTLE NOW PLEASE Have a great night.

THIS IS WHAT I SAID ON TUESDAY 4/21/26

I like a new spread in the Soybean Futures. Buying the November'26 Soybeans and selling the August'26 Soybeans. I started selling the August'26 19 cents over the November'26 Soybeans and today it settled 17 ½ cents over, and I feel August'26 can trade under the November'26. The Soybeans as a whole are overpriced, along with the Wheat and the Soybean Meal. The Soybean Oil trades were amazing and hit my target levels, so the trades were exited, but it continues to run higher. If it pulls back enough, there could be another opportunity to buy it again later this year. I still like the Soybeans to head toward the 1100 level, Corn to slowly drift lower to 440, the Wheat Market to sink another 50 cents or more, and the Soybean Meal to trade toward 300.00, and it could move there quickly. I have new meal trades ready to go if you are interested, and they all have limited risk. There's lots of opportunity and plenty of action in the Option Markets, and there will be plenty of price action the rest of the year to take advantage of in the Option Markets. Give me a call if you would like to know more or are ready to open an account. Take a look at the trade below. HEDGE YOUR CATTLE NOW PLEASE Have a great night.

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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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AUGUST'26 FEEDER CATTLE TRADE STRUCTURED AND SENT OUT 4/16/26 BELOW

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 TODAY, 4/23/26 THE TRADE ABOVE SETTLED AT 4.65 OR $2,325.00/TRADE PACKAGE

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TODAYS OCTOBER'26 FEEDER CATTLE TRADES BELOW

THE FIRST TRADE ABOVE SETTLED TODAY AT 0.82 ½ OR $412.50/TRADE PACKAGE

THE SECOND TRADE ABOVE SETTLED TODAY AT 0.37 ½ OR $187.50/TRADE PACKAGE

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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

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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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USE THE QR CODE BELOW TO SIGNUP FOR TRADE ALERTS

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If you would like to receive more information on the commodity markets, please use the link to join my email list   Sign Up Now 

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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 

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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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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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