Pure Hedge - Livestock and Grain

5/14/26

.

.  

.

.

If you don't like the customer service or lack of personal attention you are receiving from your broker, you have options, and you don't have to stay there. Account transfers are easy and so is opening a new account. Sign Up Now

. 

.

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

.

.

The Livestock Markets were lower today, with the Cattle Markets giving a little back.  June'26 Live Cattle were 72 ½ cents lower today and settled at 252.07 ½. Today's high was 255.22 ½ and the 1-month and contract high are 256.62 ½. Today's low was 251.80 and the 1-month low is 240.92 ½. Since 4/14 June'26 Live Cattle are 65 cents higher or fractionally higher. The August'26 Feeders lent out a couple dollars today. The August'26 Feeder Cattle were 2.92 ½ lower today and settled at 358.00. Today's high was 364.55 and the 1-month and contract high are 379.45. Today's low was 357.10 and the 1-month low is 351.97 ½. Since 4/14 August'26 Feeder Cattle are 17.60 lower or more than 4%. The Hogs were lower again today as well. June'26 Lean Hogs were 1.35 lower today and settled at 99.52 ½. Today's high was 100.65 and the 1-month high is 104.45. Today's low was 98.35 and the 1-month low is 98.35. Since 4/14 June'26 Lean Hogs are 2.80 lower or almost 3%. Yesterday, the August'26 Feeder Cattle traded down to 351.97 ½, and that was close enough to the 140-day moving average at 349.99 for me. I got out of my shorts in the Feeders and got long. Today the Cattle Markets pulled back a bit, but I think that was just from lack of new bullish news. The cash market has been on fire, trading 265 yesterday, and today I heard rumors a little higher, but nothing has been confirmed. This morning it appeared that China had granted licenses to US Beef Exporters, but that changed later in the morning and could have contributed to the price weakness today. I am Bullish again now and feel we can see new contract highs in the Fats and Feeders yet again through the First week of June. I feel it is possible to see the Fats trade up to 270 and the Feeders trade up to 385. We will see if the Cattle Markets catch a bid tomorrow. Any new trade deal with China pertaining to Beef would obviously be Bullish for the Cattle Markets and maybe the confusion this morning with the export licenses could be seen as a tell of what is to come. There is another story out involving the EU and Cattle from Brazil. It appears the EU has banned the importing of Beef from Brazil starting in September of this year, due to non-compliance of antimicrobial use regulations. Bullish Cattle through the first week of June unless new target levels are reached first. It was also announced today that starting on Monday, June 1st the daily price limits will be expanded in the Cattle Markets. The Live Cattle limits will change from 7.25 to 8.50 and the in the Feeders from 9.25 to 10.75. Give me a call if you have any questions, and let's get your account open. Have a great night.

This is what I said on Tuesday 5/12

The Cattle markets tried to rally today, but there was too much nervousness in the markets, and the selling pressure knocked the Fats and Feeders down again, the fourth day in a row for the Feeders. Yesterday's rumors of tariffs being lowered on imported beef broke the market off the highs yesterday, very quickly. Then this morning before the open it was stated that the signing of that tariff change has been delayed or suspended until further notice. (These were both news reports, I have not seen anything official from the government yet). The Fats and Feeders opened higher this morning, with the June'26 Fats up 3.60 on the highs of the day, and the August'26 Feeders up 5.20 at one point. Then the market collapsed with the thought of the tariffs eventually being lowered, and others worried about the border being opened again sometime. The June'26 Fats had a range of 5.50 and settled 5.30 below today's high. The August'26 Feeders had a range of 11.60 and settled 10.95 below today's high. The Fats and Feeders are now both below their 7-Day, 14-Day, and 21-Day moving averages, with the Feeders much below. My next target level for the August'26 Feeders is 349.99, and that is the 140-Day moving average. I have a thought where it will trade next (if it trades 349.99), give me a call if you would like to hear more. The June'26 Hogs never had a chance today. They opened lower and stayed lower all day. I thought they would be pulled down if the Fats and Feeders broke, and we saw that today. Last week's Feeder Cattle Trade is still show below. Today, I structured and sent out a January'27 Feeder Trade when the January'27 Feeders were trading 345.85, let me know if you are interested in seeing it. 

.

This is what I said on Thursday 5/7

Crude Oil continues to push commodity markets around, but maybe the Cattle Markets have finally decoupled from the Oil Market. June'26 Fats settled almost 3.50 lower today and the August'26 Feeders were down almost 7.00 on the day. The Hogs were lower with the Cattle today. The June'26 and July'26 Hogs both closed below the 7, 14, 21, and 140 day moving averages, and I feel they can continue lower from here. Hedge your Cattle, the Fats and the Feeders could trade anywhere tomorrow, but why not hedge a piece of it not far from all time high numbers now. April'27 Feeder Cattle settled at 347.27 ½ and May'27 Feeder Cattle settled at 344.97 ½. I heard the cash market traded 260 in Nebraska and Kansas today. June'26 Live Cattle settled below their 7-day and 14-day moving averages and their 140-day moving average is 234. I heard they might have been backing away from the Feeders today, as the August'26 Feeders settled below their 7-Day, 14-Day, and 21-Day moving averages. The 140-Day moving average for the August'26 Feeders is 349.51 ½. I still like the downside in Cattle Markets from here, at least for a while, or until the August'26 Feeders trade below 350. I can help, give me a call. The Trades from Monday are still shown below. 

.

This is what I said on Tuesday 5/5

The Cattle Markets traded higher today and got back yesterday's losses, but I think we can see a slide lower by the end of the week. The Cash Market traded 255 yesterday and unless there is another surge in the cash market I think we can start to see the Fats and Feeders start to trade lower. At the very least, I would start to Hedge as far out as possible. If you tell the timeframe and or weight you would like to hedge, I will put a specific plan together for you at no cost, in the both the Fats and Feeders. The August'26 Feeders made a new contract high on Friday at 379.45, and then fell apart, closing 7.27 ½ below the new high, and 1.35 lower for the day. Yesterday, the August'26 Feeders dropped another 5.57 ½, and settled at 366.60. Today the August'26 Feeders rebounded, and picked up all of yesterday's losses, plus another 12 ½ cents. I do not have today's data yet, but yesterday the open interest in the Feeder Cattle dropped more than 3000 contracts. I like the downside in the Feeders and feel we can see it trade toward the 350 level and then decide what to do next. If the August'26 Feeders trade lower for the week, I feel it could drop quickly again. A 10% pullback from Friday's contract high of 379.45, would put the price at 341.50 ½, and the 200-Day moving average sits at 342.42 ½. The June'26 Hogs made a new 1-month low today and then bounced almost 2-dollars (1.95). The June'26 Hogs settled below the 7, 14, and 21 day moving averages and I feel we can see it trade lower from here, especially if the Fats and Feeders break. I feel we can see the Hogs trade back toward the contract lows at 93.10 in the June'26 contract month. The August'26 Feeders today settled 7.15 below the all-time contract high, and I feel it would be wise to start hedging. (don't forget the government wants the price of beef to be lower, and who knows what they can do next to try and make that happen, and the border will reopen someday…) Below there are a few trades I sent out yesterday, take a look at them, and let me know if you have any questions. Let's get that account open as well. Have a great night.
.

.

NOW IS THE TIME TO OPEN AN ACCOUNT BEFORE IT IS JULY AGAIN

.

.

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

.

.

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.

.

.

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. 

.

.

The Grain Markets all got slammed today. July'26 Soybeans were 36 ½ cents lower today and settled at 1192 ½. Today's high was 1227 ¾ and the 1-month high is 1235. Today's low was 1181 ½ and the 1-month low is 1168. Since 4/14 July'26 Soybeans are 19 ¾ cents higher or almost 2%. July'26 Corn dropped as well today. July'26 Corn was 13 ¼ cents lower today and settled at 467 ½. Today's high was 483 ½ and the 1-month and contract high are 487 ½. Today's low was 465 ¼ and the 1-month low is 452 ¼. Since 4/14 July'26 Corn is 15 cents higher or more than 3%. The Wheat Market imploded today. July'26 Wheat was 17 ½ cents lower today and settled at 658. Today's high was 688 ¼ and that is the new 1-month and contract high as well. Today's low was 650 ¼ and the 1-month low is 590 ½. Since 4/14 July'26 Wheat is 56 ¾ cents higher or more than 9%. It does not appear that there will be any new soybean purchases from China, and I believe that is why all the Grains broke today. The July'26 Soybeans are still too high in my opinion, and I think they can trade toward the 1100 level still. This morning I bought the July'26 1150 Puts and paid 9 cents for them. The July'26 Soybeans are well below the 7-day, 14-day, and 21-day moving averages and the 140-day sits at 1153 ¾. The July'26 Corn is also below the same moving averages, and the 140-day in July'26 is 460 ¾. The July'26 Wheat settled well above the same moving averages, but the 140-day moving average sits well below at 591 ¾ in the July'26 contract month. There are a few trades I sent out this morning below. Take a look at them and give me a call if you have any questions. Have a great night. 

.

This is what I said about the Grains on Tuesday 5/12

The WASDE Report was released today and the Grains all traded higher, with the Wheat shooting 45 cents higher and settling on the new contract high at 479. The Beans and the Corn were modestly higher with the July'26 Soybeans settling 13 ¾ cents higher at 1226 ¾ and the July Corn up 4 ¾ and settling at 480. I would like to sell the, you know what, out of the Beans and Wheat, but will wait and see how it trades the rest of the week. If the Crude Oil ever breaks, it could send the Grains much lower, and so would no new purchases from China this weekend. The WASDE Report did provide another opportunity in the Soybean Oil, and it could surpass how well the contract has performed so far this year. I will be speaking to customers about it in the morning. If you are interested, give me a call. 

.

.

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

.

.

EMAIL SENT OUT THIS MORNING BELOW

.

.

.

.

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.

.

.

USE THE QR CODE BELOW TO SIGNUP FOR TRADE ALERTS

.

.

.

.

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

.

.

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. 

.

.

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. 

.

.

Most Recent Walsh Gamma Trader Link 

.

.

GOD BLESS AMERICA

.

.

.

.

.

.

.

.

Give me a call if you have any questions.

.

.

Bill Allen

Vice President

Pure Hedge Division 

Direct: 312-957-8079

ballen@walshtrading.com

WALSH TRADING INC.

311 South Wacker Drive

Suite 540 Chicago, Illinois 60606

www.walshtrading.com

Walsh Trading, Inc. is registered as a Guaranteed Introducing Broker with the Commodity Futures Trading Commission and an NFA Member.

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. 

All information, communications, publications, and reports, including this specific material, used and distributed by Walsh Trading, Inc. (“WTI”) shall be construed as a solicitation for entering into a derivatives transaction. WTI does not distribute research reports, employ research analysts, or maintain a research department as defined in CFTC Regulation 1.71.