Pure Hedge - Livestock and Grain

10/31/25

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I will be in Amarillo Texas December 1st-5th, let me know if you would like to meet there. 

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     The Livestock Markets were mixed today, with the Cattle Markets heading lower. December'25 Live Cattle were 1.42 ½ lower today and settled at 229.67 ½. Today's high was 232.25 and the 1-month and contract high is 248.30. Today's low was 227.02 ½ and the 1-month low is 223.17 ½. Since 9/30 December'25 Live Cattle are 5.10 lower or more than 2%. The January'26 Feeders continued lower. The January'26 Feeder Cattle were 2.32 ½ lower today and settled at 331.90. Today's high was 336.75 and the 1-month and contract high is 380.20. Today's low was 326.82 ½ and the 1-month low is 320.67 ½. Since 9/30 January'26 Feeder Cattle are 21.15 lower or almost 6%. The Hogs caught a bid. December'25 Lean Hogs were 45 cents higher today and settled 81.27 ½. Today's high was 81.67 ½ and the 1-month high is 91.45. Today's low was 80.72 ½ and the 1-month low is 80.35. Since 9/30 December'25 Lean Hogs are 7.45 lower or more than 8%. The Cattle Markets were a couple dollars higher this morning, but the bounce quickly faded and sent both Fats and Feeders lower on the day. Fear of the unknown is still in play as the government remains closed, with no new information on tariffs or the Southern Border. I still like the downside in the Cattle Markets, but a short term bounce would not be shocking. I structured several upside trades in the January’26 Feeders, as many of you asked for them. They are all buying Call Spread $5.00 to $20.00 Wide. The Trades are not for the long term, and should be exited at reasonable levels if a bounce occurs. My long term thought is still lower, as Funds are still long with only two months left in the year, and the Southern Border will reopen at some point, and tariffs can change overnight. I feel any significant upside movement would be temporary, and should be sold into. There are Trades below. Give me a call if you have any questions. Have a great weekend. 
 

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NOW IS THE TIME TO OPEN AN ACCOUNT BEFORE ANOTHER MONTH PASSES BY - (Only 2 Months Left This Year) If you hit the link and provide your information, you will have a wealth of Market information at your fingertips.  Sign Up Now

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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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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 all higher again and lead by the Wheat.. January’26 Soybeans made a new contract high today. January'26 Soybeans were 7 ½ cents higher today and settled at 1111.15 ¼. Today's high was 1115 ¾ and that is the new 1-month and contract high. Today's low was 1101 and the 1-month low is 10.12 ½. Since 9/30 January'26 Soybeans are 95 cents higher or more than 9%. December'25 Corn was higher as well. December'25 Corn was 1 ¼ cents higher today and settled at 431 ½. Today's high was 432 ¼ and the 1-month high is 437. Today's low was 426 ½ and the 1-month low is 409 ¼. Since 9/30 December'25 Corn is 16 cents higher or almost 4%. The Wheat shot higher as well. December'25 Wheat was 9 ¾ cents higher today and settled at 534. Today's high was 534 ¼ and the 1-month high is 535 ½.. Today's low was 517 ¼ and the 1-month and contract low is 492 ¼. Since 9/30 December'25 Wheat is 26 cents higher or more than 5%. Short covering in the Soybean Meal has the contract 50.00+ higher since the start of October, more than 18% for the month, and that seems like a lot to me. The Soybean Oil actually has a story, and I feel it can start rallying next week. Today I bought the March'26 Soybean Oil Futures and Sold the July'26 Futures. I purchased the March'26 0.55 under the July'26. Customers are also long the Soybean Oil in several different Option Trades. Here is why I like the Soybean Oil. The Palm Oil supply is getting tight, and export controls seem very possibly next year. The Indonesian Government must be worried about their supply, as they seized land in Palm Oil producing regions and place them under State Owned Control. At the same time, the production and export supplies of Sunflower Oil are expected to decline, as the price continues to climb and make cheaper Soybean Oil more attractive.  Sunflower Oil supplies are already tight, as production estimates have decreased throughout Europe, Russia, and Ukraine, which will limit the amount of Sunflower seed crushing, again making the cheaper Soybean Oil more attractive. Biofuel percentages are set to increase in Brazil, Indonesia, and Malaysia, and I would not be surprised if the Biofuel blend rates were raised domestically as well. Argentia has already sold most of their Soybeans to China, so their crushing will be limited as well. It all points to what could be a very dramatic price increase in the Soybean Oil Market. Hog prices have cratered as China continues to decrease their pig supply and lowering their demand for Soybean Meal, which could contribute to a decrease or slowing of crushing Soybeans in China, contributing to a global decrease of Soybean Oil supplies. I anticipate the price of Soybean Oil will start to climb now and throughout 2026. Soybean Meal has traded higher 13-Days in a row as Funds are short covering, and after nearly three weeks of aggressive Meal buying, I feel it can start to slow down and buying in the Soybean Oil can begin, as tight supplies and heavy demand estimates in all Vegetable Oils are anticipated over the next year, and I feel that could put some bounce in the Canola Oil Market as well. With Trade Deals getting finalized, there could be worldwide demand for the Grains, especially Soybeans and Soybean Oil. There are Soybean Trades and a Feeder Cattle Trades from Wednesday below, along with January'26 Feeder Cattle Trades structured today for those of you looking for upside in the Feeder Cattle Market. Give me a call if you have any questions. Have a great weekend. 

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November'25 Feeder Cattle Call Spread Structured 10/29/25 Below

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March'26 Soybean Call Spread structured 10/29/25 Below

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January'26 Feeder Cattle Call Spreads Structured Today 10/31/25 Below.

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THIS WEEKS WALSH GAMMA TRADER FROM MONDAY 10/27/25 BELOW.

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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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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 - 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.

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. 

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