Pure Hedge - Livestock and Grain

10/21/25

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     The Livestock Markets were all higher today, with the Hogs closing more than a dollar higher. The December'25 Fats got more of Fridays losses back today. December'25 Live Cattle were 1.77 ½ higher today and settled at 245.42 ½. Today's high was 245.75 and the 1-month and contract high is 248.30. Today's low was 243.02 ½ and the 1-month low is 231.75. Since 9/19 December'25 Live Cattle are 9.70 higher or more than 4%. The January'26 Feeders traded a little higher today. The January'26 Feeder Cattle were 1.10 higher today and settled at 370.27 ½. Today's high was 374.82 ½ and the 1-month and contract high is 382.80. Today's low was 370.50 and the 1-month low is 343.12 ½. Since 9/19 January'26 Feeder Cattle are 26.35 higher or more than 7 ½%. The Hogs are alive, but for how long? December'25 Lean Hogs were 1.20 higher today and settled 83.27 ½. Today's high was 84.05 and the 1-month high and contract high is 91.52 ½. Today's low was 82.02 ½ and that is the new 1-month low as well. Since 9/19 December'25 Lean Hogs are 4.35 lower or almost 5%. The Live Cattle Market has recouped some of its losses from last Friday, but the Feeders have regained less than a dollar of the limit down move on Friday. I feel there is more downside to come. It sounds like there will be another vote to open the government tomorrow, and Senate Majority Leader Thune said he is hopeful the shutdown will end. It was reported the Schumer spoke to the President today as well. If the Government does reopen, they will be able to better inform everyone how they plan on lowering the price of Beef. With the government involved, anything is possible, from cutting the tariff on beef from Brazil, to opening the US Southern Border to Cattle from Mexico. President Trump has stated several times he wants to expand the Herd and lower Cattle prices, and I am assuming he will, but at what cost and who can get hurt from that… I just want you to be prepared if the Cattle Markets break. The Gold Market was down about 6% today, and that volatility could spread through more commodity markets. A limit move in the Feeders is only about a 3% move. The Dow Jones Index was higher today, and that could have helped the Cattle Markets as well. It was reported that China made another deal with Brazil today, to buy more Beef as well. I still think the Cattle Markets need to break more, to around the 10% level off the contract high. They could rally back after that, but we will have to wait and see what the rest of the market information will be if that happens. If the January'26 Feeders gave back all of their gains over the last month, 26.35, it would put the January'26 Futures price at 343.92 ½. A 10% break off the contract highs of 380.20 in the January'26 Feeders would put the Futures price at 342.18. Just Hedge your Cattle. The December'25 Hogs gained 1.20 today and presented a great selling opportunity. I still like the 80.00 level, with the 200-Day moving average at 80.46 and the 50% retracement from the 52-week high/low at 79.41. There are new Live Cattle Trades below. Let me know if you would like to see today's new Feeder Cattle Trades. If you have any questions, give me a call. 

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The need for a successful business to have a trading account is immeasurable. Look at the market movement in all markets over the last three months. Opening an account sometime in the future will not help you if you need access now. To be successful, and able to manage risk, you need to be proactive now and secure your access to markets in real time. You can be both Prepared and Patient at the same time. ***WATCH FOR TRADE DEAL NEWS***

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     The Grain Markets were all lower today. November'25 Soybeans were 1 cent lower today and settled at 1030 ¾. Today's high was 1038 and that is the new 1-month high as well. Today's low was 1027 ¾ and the 1-month low is 993 ¾. Since 9/19 November'25 Soybeans are 5 ¼ cents higher or about ½%. December'25 Corn gave a little back today. December'25 Corn was 3 ½ cents lower today and settled at 419 ¾. Today's high was 424 ½ and the 1-month high is 428 ¼. Today's low was 418 ½ and the 1-month low is 409 ¼. Since 9/19 December'25 Corn is 4 ¼ cents lower or 1%. December'25 Wheat was 4 ½ cents lower today and settled at 500 ¼. Today's high was 506 ¼ and the 1-month high is 527 ¾. Today's low was 498 and the 1-month and contract low is 492 ¼. Since 9/19 December'25 Wheat is 22 ¼ cents lower or more than 4%. President Trump could still be meeting with China's XI in two weeks in South Korea, and we will have to wait to see if that will produce anything positive. I still think there could be a rally in the Grains, especially for the Soybean Oil. Stocks will be tight next year, at the same time Sunflower Oil stocks are already low, and Palm Oil stocks could have export controls put on them. Several countries are increasing their biofuel percentages, and that will increase demand as well. Argentina might even get US Soybeans as they have sold most of them to China, when they lowered their export tax., and they will need more Beans if they plan on keeping their crushing levels high for export. I would not be surprised if the rates were increased in the US as well, as that would help support the futures price. Lots of moving parts still, but if Trade Deals get finalized with India and China, it could send prices much higher, very soon. The demand for Soybean Oil will remain strong, regardless of there being trade deals or not. If you have any questions for me, give me a call. Have a great night. June'26 Live Cattle Trades/Hedges below. 

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THE JUNE'26 LIVE CATTLE TRADES BELOW WERE STRUCTURED TODAY 10/21/25 - HEDGE YOUR CATTLE

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IMPORTANT UPCOMING DATES BELOW

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The need for a successful business to have a trading account is immeasurable. Look at the market movement in all markets over the last three months. Opening an account sometime in the future will not help you if you need access now. To be successful, and able to manage risk, you need to be proactive now and secure your access to markets in real time. You can be both Prepared and Patient at the same time. WATCH FOR TRADE DEAL NEWS

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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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50-Year Cattle Chart Below. Whenever it Breaks it Will Be a Spectacular Collapse.

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December'25 Natural Gas 5-Year Chart Below.  

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December'25 Soybean Oil 5-Year Chart Below. 

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USE THE QR CODE BELOW TO SIGNUP FOR TRADE ALERTS

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If you would like to open an account, please call or send me an email BALLEN@WALSHTRADING.COM 

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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 Canandian 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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