August Feeder Cattle opened higher, down ticked to the low at 255.50 and then rallied to the session high at 259.40. This was accomplished by mid-morning and price drifted the rest of the session settling at 258.65. The surge took price past resistance at 257.925 and the short-term moving averages. This puts futures on stronger ground especially with the Feeder …
Pure Hedge – Livestock and Grain
6/10/24 The Hogs were a little lower today, as the Cattle markets surged higher. August’24 Live Cattle were 2.80 higher today and settled at 179.97 ½. Today’s high was 180.15 and the 1-month high is 182.15. Today’s low was 177.57 ½ and the 1-month low is 172.70. Since 5/10 August’24 Lean Hogs are 5.90 higher or almost 3 ½%. The …
Feeders End Week Strong While Cattle Drifts
August Feeder Cattle opened lower, and broke down to the low at 251.90. The opening breakdown tested support at the rising 50-DMA now at 251.85 which contained the selling with price rallying to the session high at 255.95. The rally stalled below resistance at the declining 8-DMA now at 256.325. The range was in place by mid-morning, and it pulled …
Pure Hedge – Livestock and Grain
6/7/24 It was an action-packed week. The Livestock and Grain markets have had big swings recently. The Fats could not stay positive today. August’24 Live Cattle were 30 cents lower and settled at 177.17 ½. Today’s high was 178.25 and the 1-month high is 182.15. Today’s low was 176.55 and the 1-month low is 172.70. Since 5/7 August’24 Live …
Walsh Gamma Trader
6/7/24 COMMODITY BUY/SELL COST PER CONTRACT EXPIRATION GRAINS SEP’24 SOYBEAN MEAL BUY 300P 1.30 or $130.00/Contract 77 Days – 8/23/24 MAY’25 CORN BUY 700C 4 or $200.00/Contract 332 Days – 4/25/25 JAN’25 SOYBEANS BUY 900P 2 or $100.00/Contract 203 Days – 12/27/24 MAR’25 WHEAT BUY 500P 3 3/8 or $168.75/Contract 259 Days – 2/21/25 LIVESTOCK APR’25 LIVE CATTLE BUY 220C …
Grain Spreads: Corn Potentials
Commentary An early week decline in corn was followed by somewhat aggressive short covering to end the week to close out at 448, which represents 5% down for the year. Early week selling likely reflected yield implications of the first corn condition rating at 75% “good” to “excellent”. Nevertheless, futures posted an impressive rebound on Thursday June 6th, which is …
Hogs Rebound
July Lean Hogs opened higher rallied to an early high and then broke down to the session low at 91.275. It reversed and rallied to the session high at 93.275 by mid-morning. It consolidated the rest of the session and settled near the high at 92.975. The trade on Thursday lead to an inside candlestick, trading within the previous day …
Pure Hedge – Livestock and Grain
6/5/24 The Livestock and Grain Markets continued to break today. The Fats settled just off the lows. August’24 Live Cattle were 57 ½ cents lower today and settled at 177.87 ½. Today’s high was 179.15 and the 1-month high is 182.15. Today’s low was 177.50 and the 1-month low is 172.70. Since 5/3 August’24 Live Cattle are 3.27 ½ higher …
Hogs Open Strong End on Weakness
July Lean Hogs gap opened higher and made the session high at 98.20. It was unable to sustain the success and fell back closing the gap and it kept on going lower the rest of the session to the low at 96.225. It settled just above the low at 96.275. The opening strength couldn’t take out resistance at 98.475 and …
Pure Hedge – Livestock and Grain
6/3/24 The Livestock and Grain Markets both pushed lower today, with the Cattle Market bouncing late in the day. Live Cattle closed higher today. August’24 Live Cattle were 42 ½ cents higher today and settled at 178.87 ½. Today’s high was 179.32 ½ and the 1-month high is 182.15. Today’s low was 177.07 ½ and the 1-month low is 172.70. …