Pure Hedge - Livestock and Grain
4/24/25
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The Livestock Markets were mixed, as the Feeders continued higher. The Fats dropped a dime today. June'25 Live Cattle were 10 cents lower today and settled at 208. Today's high was 208.45 and the 1-month and 52-week high is 208.80. Today's low was 207 and the 1-month low is 191.80. Since 3/24 June'25 Live Cattle are 5.92 ½ higher or almost 3%. The Feeders had another gain today. May'25 Feeder Cattle were 72 ½ cents higher today and settled at 289.07 ½. Today's high was 289.50 and that is the new 1-month high as well. Today's low was 287.92 ½ and the 1-month low is 267.20. Since 3/24 May'25 Feeder Cattle are 4.55 higher or about 1 ½%. The Hogs had a small loss today. June'25 Hogs were 22 ½ cents lower today and settled at 99.92 ½. Today's high was 100.00 and the 1-month high is 101.42 ½. Today's low was 98.60 and the 1-month low is 88.00. Since 3/24 June'25 Lean Hogs are 4.20 higher or more than 4%. The Livestock Markets were much quieter today than they have been. I still like the same levels
and feel a break is needed in the Cattle Markets. The June'25 Fats made a new contract high yesterday at 208.80 and that level was not challenged today. A 10% pullback from here in the June'25 Fats is $20.80 and that would put it at 187.20. The 200-Day moving average just happens to be 187.04. The May'25 Feeders made a new 1-month high today at 289.50 and I feel this market is ready for a correction as well. If the May'25 Feeders pulled back 10% (28.95), that would put the May'25 contract at 260.55 and right at my target level of 260. The 50% retracement from the 52-week high/low is 259.13 and the 200-Day moving average is just below at 257.88. Hedge your Cattle. The June'25 Hogs hit the 100.00 level today and settled just below it at 99.92 ½. I still feel we can see the Hogs bounce between the 1-month high of 101.42 ½ and the 50% retracement from the 52-week high low of 96.05, with the 200-Day just above at 96.49. The Natural Gas could be a buy again as well.
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I see two big trades for this year. I still like the Soybean Oil and the Natural Gas. These markets will correct. I like The Wheat at 650, still. Watch the Soybean Oil Run Higher from Here. NOW IS THE TIME TO OPEN AN ACCOUNT.
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The Grain Markets were all higher with the Soybean Oil leading the way today. The Beans gained over a dime today. July'25 Soybeans were 11 ¾ cents higher today and settled at 1062. Today's high was 1063 ½ and that is the new 1-month high as well. Today's low was 1048 and the 1-month low is 985. Since 3/24 July'25 Soybeans are 42 ½ cents higher or more than 4%. The Corn snapped back today. July'25 Corn was 4 ¾ cents higher today and settled at 484. Today's high was 485 ¼ and the 1-month high is 497 ½. Today's low was 479 and the 1-month low is 450 ½. Since 3/24 July'25 Corn is 12 cents higher or about 2 ½%. The Wheat Market stayed positive today. July'25 Wheat was 1 penny higher today and settled at 544 ½. Today's high was 545 ½ and the 1-month high is 571. Today's low was 539 ¼ and the 1-month and 52-week contract low is 532 ½. Since 3/24 July'25 Wheat is 20 ¾ cents lower or almost 4%. That felt good seeing the Bean Oil do what I asked it to. The Soybean Oil made new contract highs today and I do not think it is anywhere near done yet. The September'25 contract traded as high as 49.82 setting a new contract high and settled just below at 49.77. I feel we can see the September contract trade 65.00 and higher. There is still time to get long in the option markets. I will continue to add to my long positions as well. give me a call if you are interested. The July'25 Soybeans made a new 1-month high today and settled just a penny and a half below that high. I feel that the Beans can continue higher from here now that they have closed above all of the moving averages. I still like the 1103 ¾ level, and that is the 50% retracement from the 52-week high/low. If there is a pull back in the market, I would take the opportunity to buy more. The Corn traded higher today and settled only 1 ¼ cents below the high and just 13 ½ cents below the 1-month high. If or when the trade deals are announced, the Corn should benefit greatly. The Wheat settled just a penny off the high and could continue higher from here with the contract low of 532 ½ holding this week. The next target level higher from here is 571, with the 1-month high being 571 and the 100-Day moving average at 571 ¼. The 200-Day moving average is 587 ¼, and if that is traded through, I feel it can trade up to 644 quickly. 644 is the 50% retracement from the 52-week high/low and is where I think the July'25 contract can trade. If you have any questions for me, just give me a call. There is plenty of upside left in the Grain Markets I believe.
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I appreciate your business.
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I feel the July'25 Soybeans can trade: 11.20 or higher
I feel the July'25 Corn can trade: 5.20 or higher
I feel the July'25 Wheat can trade: 6.50 or higher
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If you don't like the customer service or personal attention you are receiving at your new and very large brokerage house, 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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*Starting this week, I will have the Walsh Gamma Trader every Monday, and Pure Hedge - Livestock and Grain every Tuesday and Thursday. *
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August'25 Natural Gas 5-Year Chart Below.
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September'25 Soybean Oil 5-Year Chart Below.
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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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Give me a call if you have any questions.
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Bill Allen
Vice President
Pure Hedge Division
Direct: 312-957-8079
WALSH TRADING INC.
311 South Wacker Drive
Suite 540 Chicago, Illinois 60606
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