Pure Hedge - Livestock and Grain

7/1/25
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The Livestock Markets were all lower today, with the Fats and Feeders losing 3-4 dollars each. August'25 Live Cattle were 3,12 ½ lower today and settled at 210.75. Today's high was 213.62 ½ and the 1-month and contract high are 220.05. Today's low was 210.45 and the 1-month low is 207.70. Since 5/30 August'25 Live Cattle are 1.40 lower or more than 1/2%. The August'25 Feeders were more than 6.50 lower at one point today. August'25 Feeder Cattle were 4.65 lower today and settled at 306.02 ½. Today's high was 308.40 and the 1-month and contract high are 314.20. Today's low was 304.10 and the 1-month low is 298.57. Since 5/30 August'25 Feeder Cattle are 7.02 ½ higher or more than 2%. The Hogs traded lower again today. August'25 Hogs were 55 cents lower today and settled at 106.95. Today's high was 108.02 ½ and the 1-month and contract high are 113.37 ½. Today's low was 106.45 and the 1-month low is 104.62 ½. Since 5/30 August'25 Lean Hogs are 1.95 higher or almost 2%. The Livestock Markets took a big hit today with the Fats down over 3-bucks and the Feeders down almost 5 bucks. The US Southern border will be open to Cattle from Mexico starting on July 7th in Arizona and expanding to multiple ports of entry over the next several weeks. The Cash Market has been breaking as well. The August'25 Fats settled just 30 cents off the lows of the day, and I feel they can continue lower from here. I still think a 10% break in the Fats is reasonable, for starters. If the August'25 Fats do break 10% off the contract high, it would put the price at 198.04. I still like it lower from there, at the 190 level, with the 50% retracement from the 52-week high low sitting at 194.41 and the 200-Day moving average at 192.78. The August'25 Feeders are now within range of trading below the 300 level on a daily move. If the August'25 Feeder break 10% off the contract highs, it would put the price at 282.78. I still like the Feeders lower than that as well. The 275.00 level looks like an important level with the 50% retracement from the 52-week high/low at 275.16 and the 200-Day moving average at 274.61. The August'25 Hogs have continued lower since making contract highs last week and are now almost 6.42 ½ lower from that contract high. I feel we can see the August'25 Hogs trade down to the 100-dollar level, with the 100-Day moving average at 100.98, the 50% retracement from the 52-week high/low at 99.68, and the 200-Day moving average sitting at 99.37. If the Cash Market continues lower, the Futures Markets could be in trouble. There is an October'25 Feeder Cattle Trade below. I recommend buying some Puts or Put Spreads now, in case the Cattle Collapse materializes. Opportunity abounds in the Cattle Option Markets, and I look forward to speaking with you.
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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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The need for a successful business to have a trading account is immeasurable. Look at the market movement in all markets over the last two 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. The Grains could start to move higher now with trade deals near.
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The Grain Markets were mixed today, with the Wheat leading the way higher. The Beans settled unchanged today. August'25 Soybeans almost had a 15-cent range today but closed unchanged at 1029 ¾. Today's high was 1031 ½ and the 1-month high is 1082 ½. Today's low was 1016 ¾ and that is the new 1-month low as well. Since 5/30 August'25 Soybeans are 7 cents lower or just over 1/2%. The Corn Market lost a few cents, after bouncing off new lows today. September'25 Corn was 3 ¼ cents lower today and settled at 406. Today's high was 408 ¾ and the 1-month high is 434 ¾. Today's low was 400 ¼ and that is the new 1-month and contract low as well. Since 5/30 September'25 Corn is 17 ¼ cents lower or more than 4%. The Wheat Market traded over the 550 level today. September'25 Wheat was 10 ¾ cents higher today and settled at 549. Today's high was 550 ¼ and the 1-month high is 594. Today's low was 535 ¾ and the 1-month low is 534 ¾. Since 5/30 September'25 Wheat is ¾ of a cent higher or fractionally higher. The August'25 Soybeans traded down to 1016 ¾ and made a new 1-month low in the process but settled 13 cents higher from there on the close. The Grains are still a buy, and I expect a lot of activity between now and the end of next week. I anticipate several trade deals to be completed in that time frame. I like the 1045 level in the August'25 Soybeans for starters. The 200-Day moving average is 441 ¾, the 100-Day moving average is 1043, and the 50-Day moving average is 1048 ¾. I believe the Beans can trade much higher from there as well. The new rumor is that the US is close to having a trade deal done with India. The September'25 Corn made a new contract low today, just above the 4.00 level at 400 ¼. I feel the Corn is a definitive buy at this level and feed costs should be locked in now. The first stop I see the September'25 Corn heading is around the 441 level, with the 200-Day moving average at 441 ¾, the 50% retracement from the 52-week high/low is 441 ½ and the 100-Day moving average is 441 ¼. Trade deals could push the Corn toward the 5.00 level, even with the size of the South American crop. I like the Wheat Market to trade higher from here as well. Today's low traded to within 1 cent of the 1-month low and rallied 13 ¼ cents from there. I still like the September'25 Wheat Market above the 580 level. The 200-Day moving average is 586 ¾, the 50% retracement from the 52-week high/low is 593 ¼, and the 1-month high is 594. The Grains could be moving higher very soon, and the Option Markets are cheap, for now. If you me a call tomorrow, I can have your account set up, and active before the long 3-day weekend. The Soybean Oil Stocks look tight as well.
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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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October'25 Feeder Cattle Trade Below:
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I sent this email this morning - July Week 2 Monday Grain Option Calls Below.
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50-Year Cattle Chart Below. Whenever it Breaks it Will Be a Spectacular Collapse.
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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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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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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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