7/29/25

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     The Livestock Markets were mixed again today, with the Fats and Feeders once again making new highs. October'25 Live Cattle were 1.67 ½ higher today and settled at 226.45. Today's high was 226.60 and that is the new 1-month and Contract high. Today's low was 223.57 ½ and the 1-month low is 206.12 ½. Since 6/27 October'25 Live Cattle are 16.45 higher or almost 8%. The August'25 Feeders were more than $3.00 higher at one point today. August'25 Feeder Cattle were 2.67 ½ higher today and settled at 336.20. Today's high was 336.70 and that is the new 1-month and contract high as well. Today's low was 332.12 ½ and the 1-month low is 303.75. Since 6/27 August'25 Feeder Cattle are 28.55 higher or more than 9%. The Hogs traded lower, losing more than $2.00 today. October'25 Hogs were 2.15 lower today and settled at 88.72 ½. Today's high was 90.47 ½ and the 1-month high is 94.40. Today's low was 88.32 ½ and the 1-month low is 86.02 ½. Since 6/27 October'25 Lean Hogs are 6.10 lower or more than 6%. The Cattle Markets are in unchartered territory and all indications point to them going higher, at least for now. The numbers are tight, but the weights are up, and this game will end soon. Technically they are a buy, but that is not something I would want to do. If you can afford to buy them, then you can afford to hedge them and at these levels the risk is too high not to have protection from the downside. Whenever the buying stops and the technical levels to the downside are breached, it will be amazing to watch, so please Hedge your Cattle. If not with me, then with someone. I would not be shocked if a plant or two closed. The anticipation of a break is palpable, and you can see that in the Option Premium. The Hogs continued to sink lower in the mud today and I feel we can continue to see that. The 84.00-85.00 area in October'25 Hogs looks like where it could end up with the 200-Day moving average at 84.63 and the 50% retracement from the 52-week high/low at 84.91.

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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. Take advantage of any pullbacks in these markets.  NOW IS THE TIME TO OPEN AN ACCOUNT. 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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Pure Energy and Pure Metals coming soon.

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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 weeks. 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. The Beans dropped a couple cents today. November'25 Soybeans were 2 cents lower today and settled at 1009 ½. Today's high was 1013 ¾ and the 1-month high is 1058 ½. Today's low was 1004 ½ and the 1-month low is 998 ¼. Since 6/27 November'25 Soybeans are 15 ¼ cents lower or more than 1%. The Corn Market lost a few cents as well today. December'25 Corn was 3 cents lower today and settled at 411. Today's high was 415 and the 1-month high is 442 ¼. Today's low was 409 ¼ and the 1-month and contract low are 407 ½. Since 6/27 December'25 Corn is 16 cents lower or almost 4%. The Wheat Market had another bad day today. September'25 Wheat was 8 ¾ cents lower today and settled at 529 ¾. Today's high was 539 and the 1-month high is 568 ¾. Today's low was 526 and that is the new 1-month low as well. Since 6/27 September'25 Wheat is 11 cents lower or more than 2%. The Grains suck, and this tariff crap is not helping. In addition to stating the obvious, the weather has been good as a whole and the Funds have gotten their way. Argentina also reduced its export tax and that could send stored grain into the market. The Funds have started to cover some of their short positions. The Funds have unwound about ⅔ of their shorts in the Soybeans but are still short about 10,000 contracts. The Funds covered about 2 ½% of their Soybean Meal shorts but are still short more than 120,000 contracts. The Funds added to their long position in Soybean Oil, increasing it by almost 30%. In the Wheat, the Funds have bought back some of their shorts, about 10%, but are still short about 50,000 contracts. In the Corn the Funds are not helping and they added to their short position and are now short about 175,000 contracts. The EU Trade Deal did not influence the Grains as the details of any Grain purchases were vague at best. Today, the US met with China for the second day, with no new trade deal, but an extension of a tariff pause for another 90 days. That simply does not help anything, and the Grains have continued to slide lower. The US Dollar Index has been strong and that does not help the Grains either but somehow does not slow the Cattle Markets. If the 90-Day extension for China begins today, and no deal is made in that time frame, then it will continue through the Noverber'25 Options expiration, that expire in 87 Days on 10/24/25. I have upside option plays in the differed months ready to go, but I would not overdo it until we see some technical support. I am not recommending shorting the Grains here, as Trade Deals could be made at any time, and if the rest of the big ones and or China are completed, the Grains could run up fast. There is still great opportunity in the Soybean Oil Market in both the Futures and Option Markets. Keep an eye on the Dec'25/Jul'26 and Jan'26/Jul'26 Soybean Oil Futures Spread. The first one settled 1.01 over and the second settled 1.09 over and they could both trade 3.00-4.00 over. I have Soybean Oil Opton Trades as well, along with trades in the Natural Gas Market. Give me a call and let's talk about it. Have a great night. 

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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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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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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 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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