2/26/25
.
.
If you would like to receive more information on the commodity markets, please use this link to join my email list Sign Up Now
.
.
The Livestock Markets were mixed again today, with the Fats and Feeders trading lower, and the Hogs shooting higher today. The Fats are slowly approaching the 1-month lows again. April’25 Live Cattle was 1.10 lower today and settled at 194.62 ½. Today’s high was 195.95 and the 1-month and 52-week contract high is 207.72 ½. Today’s low was 194.30 and the 1-month low is 193.02 ½. Since 1/24 April’25 Live Cattle are 8.40 lower or more than 4%. The Feeders traded lower somehow today. April’25 Feeder Cattle were 27 ½ higher today and settled at 273.52 ½. Today’s high was 274.75 and the 1-month and 52-week high is 279.02 ½. Today’s low was 272.42 ½, and the 1-month low is 262.90. Since 1/24 March’25 Feeder Cattle are 1.92 ½ lower or almost 1%. The Hogs turned around today. April’25 Lean Hogs were 1.72 ½ cents higher today and settled at 88.30. Today’s high was 88.60 and the 1-month and 52-week high is 94.75. Today’s low was 86.57 ½ and the 1-month low is 86.35. Since 1/24 April’25 Lean Hogs are 10 cents lower or fractionally lower. Well, it was a step in the right direction for the Cattle Markets. The April’25 Fats were more than a dollar lower today and did not close very well. The April’25 Fats settled just 32 ½ cents above today’s low of 194.30. They are once again in striking distance of the 1-month low of 193.02 ½ after settling just 1.60 away. There are now only two trading days left this month, and we will see if that monthly low can be taken out. If it is, the next three levels are grouped together just below. 192.75 is the 100-Day moving average, and less than 2.00 from today’s closing price. 191.62 ½ is the 50% retracement from the 52-week high/low, and the 200-Day moving average is 189.61. Today’s settlement price is just 1.60 from the 1-month low, and from the 1-month low to the 200-Day is just 3.41 ½. I like the 188 level. The April’25 Feeders were lower today, as the March’25 Feeders managed to stay higher again today. The Funds are Record long in the Feeders, simply to hold up their Fats position, and it could fall apart soon. The April’25 Feeders settled near the middle of the rage again today, still watching what the Fats were going to do. I still feel the Market can turn lower and quickly trade down to the 50-Day moving average of 266.79 and then take out the 1-month low of 262.90. I have lower levels but let’s start with those two. I don’t think I could have pegged the Hogs any better. Yesterday the April’25 Hogs traded down to 86.37 ½, just 2 ½ cents above the 1-month low of 86.35. Today they traded as low as 86.57 ½ and shot higher from there, closing just 30 cents from the day’s high. On Monday, the 24th I put out a buy recommendation in the Walsh Gamma Trader (Link on bottom of page), and said I did not think they would trade much lower than the 1-month low. The April’25 Hogs traded 1 cent above the 100-Day moving average of 88.59 and settled just 29 cents below that average. Where they go from here could depend on how the Cattle Markets move, but the long-term upside looks good. The Dow Jones Index was down more than 180 points today, and if it continues to break or if a big event happens, it could shock the Cattle Markets lower. It was reported today that Iran is expecting a stealth attack on their enriched uranium stockpiles as they are near weapons grade. If that were to take place, I would assume it would be a joint strike involving Isreal and most likely more. That could send all the Markets all over the place. The Energy Markets would shoot higher, and most commodity markets would break, except for the precious metals. President Trump also said today that the 25% tariffs on Canada and Mexico will go into effect April 2nd, not March 4th that was reported earlier. In addition to that, President Trump also stated that he will be placing tariffs on the EU as well, with a 25% tariff expected, and will be announced soon.
.
.
If you would like information on opening an account, please use this link Sign Up Now only 5 account pages need to be signed.
.
.
The Grain Markets all continued lower, as they should today. May’25 Soybeans were 7 ½ cents lower today and settled at 1041 ¼. Today’s high was 1050 and the 1-month high is 1092 ½. Today’s low was 1037 ¾ and the 1-month low is 1037 ¼. Since 1/24 May’25 Soybeans are 27 cents lower or just over 2 ½%. The Corn market sank a little lower. May’25 Corn was ¾ cent lower today and settled at 493 ½. Today’s high was 500 and the 1-month high is 518 ¾. Today’s low was 592 ¼ and the 1-month low is 484. Since 1/24 May’25 Corn is 3 cents lower or fractionally lower. The Wheat Market continued South again today. May’25 Wheat was 8 cents lower today and settled at 5.79 ¾. Today’s high was 592 ¾ and the 1-month high is 621 ¾. Today’s low was 577 ½ and the 1-month low is 546 ¾. Since 1/24 May’25 Wheat is 21 cents higher or close to 4%. The Grains were all lower as the price levels were unsustainable. The May’25 Soybeans traded to within ½ a cent of the 1-month low of 1037 ¼ today. Today’s low is also the 50-Day moving average. The 100-Day moving average is only 5 ¼ cents below today’s low, and right near my target level of 1030. It could trade lower from there, but I don’t expect a move higher until the tariff situation is resolved. Then you can look for the upside again, especially if it stays dry here. The May’25 Corn traded up to 500 but fell 7 ¾ cents from there and settled just 1 ¼ cents above the low today. I still think we can see the May’25 Corn trade down to the 580 level. The 1-month low is 484 and the 50-Day moving average is 483 ¾. Below there looks more than possible, with the 100-Day moving average of 462 ½, and the 200-Day moving average of 457 ¾. I still like the 460 level. The Wheat Market has started to behave and has now settled below my 580-target level. The May’25 Wheat settled just 2 ¼ cents above the low today, and 1 cent below the 100-Day moving average of 580 ¾. I still like the 560 level, with the 50-Day moving average of 569 ½, and the 50% retracement from the 52-week high/low of 654 ¾. As you know, I have been Bullish the Natural Gas Market for a while, and I still am. There will be swings up and down, but the long-term outlook looks great. I feel we can see it trade over $6.00 and higher from there. That would be a more than a 50% move from where I started recommending it. I feel the Soybean Oil Market has the same explosive upside potential as well. I sent my Natural Gas Trades to many of you, and you can have my Soybean Oil trades as well if you give me a call. Of course, my Customers already have them, along with a select few, and I started putting on trades today. I encourage you to call me, so we can talk about it. I will be out of town starting Friday morning but will always be available to answer any questions, and will have my computer with me if you need to make a trade. I will be back in the office Thursday, March 6th. Hope to see you in Denver. Have a great night.
.
.
August’25 Natural Gas 3-Year Chart Below.
.
.
.
I will be in Denver for the Commodity Classic March 1st-5th, Booth #2110. Stop by if you are there.
.
Pure Hedge – Livestock and Grain will return 3/7/25
.
If you would like to receive more information on the commodity markets, please use the link to join my email list Sign Up Now
.
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.
.
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.
.
.
Most Recent Walsh Gamma Trader Link Walsh Gamma Trader
.
.
.
.
Bill Allen
Vice President
Pure Hedge Division
Direct: 312-957-8079
WALSH TRADING INC.
311 South Wacker Drive
Suite 540 Chicago, Illinois 60606
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.
All information, communications, publications, and reports, including this specific material, used and distributed by Walsh Trading, Inc. (“WTI”) shall be construed as a solicitation for entering into a derivatives transaction. WTI does not distribute research reports, employ research analysts, or maintain a research department as defined in CFTC Regulation 1.71.