Pure Hedge – Livestock and Grain

Bill AllenGeneral Commentary

3/27/24 It was generally a slow day, compared to the recent volatility. Tomorrow at 11:00am central time, the Planting Intentions Report will be released and whether Bearish or bullish, there will be plenty of price action. The Livestock Markets were all a little higher today. June’24 Live Cattle was 30 cents higher and settled at 178.675 in the middle of …

Grain Spreads: Corn Realities

Sean LuskGeneral Commentary

Commentary Corn drifted lower on turnaround Tuesday action as the market dropped to near term lows. Month and quarter end plus squaring up ahead of Thursdays on farm stocks may be attributed to the weakness. It’s tough to sustain rallies without meaningful demand longer term and with increased competition coming from Argentina and then Brazil in the weeks to come …

Hogs Start Week with Strong Rally

Ben DiCostanzoGeneral Commentary

June Lean Hogs rallied on Monday, making the low early in the session at 99.20, racing to the high at 101.85 and the drifting the remainder of the day to settle near the high at 101.675. The price action formed a Morningstar Candlestick formation which indicates a potential bullish recovery in Hogs. The cutouts have rebounded the past couple of …

Pure Hedge – Livestock and Grain

Bill AllenGeneral Commentary

3/25/24 The Livestock and Grain Markets were mixed today. The Cattle Markets continued lower today. June’24 Live Cattle were 1.30 lower today and settled at 181.600. Today’s high was 183.350 and the 1-month high is 186.62 ½. Today’s low was 180.75, just above the 1-month low of 180.62 ½. Since 2/23 June’24 Live Cattle are 2.25 lower or more than …

Cattle Futures Falter in Front of COF

Ben DiCostanzoGeneral Commentary

May Feeder Cattle is now the lead contract as its volume has exceeded the volume of the April contract. Feeders broke down hard on Friday as liquidation in front of the looming Cattle on Feed report took place. Traders feared a bearish report and a bearish report is what they received. The breakdown in futures took price from the session …

Grain Spreads: Inspections Coming

Sean LuskGeneral Commentary

Commentary Brazil’s soybean crop is expected to fall well short of last year’s record, but it’s also said to be over 60% harvested. That suggests increased South American competition in the near future with Argentina’s harvest following later in the Spring. Despite the double digit move lower today, volumes chasing the break were low. The US continues to struggle with …

Pure Hedge – Livestock and Grain

Bill AllenGeneral Commentary

3/22/24 Everything is heading lower, in my opinion. There is still time to act, but it needs to happen now. The Cattle and Soybean Markets look poised to do what I expected and have been writing about. This appears to be the beginning of the big Cattle break. Today April’24 Live Cattle were 87 ½ cents lower and settled at …

Walsh Gamma Trader

Bill AllenGeneral Commentary

3/22/24 COMMODITY BUY/SELL COST PER CONTRACT EXPIRATION GRAINS SEP’24 SOYBEAN MEAL BUY 270P 0.85 or $85/Contract 154 Days – 8/23/24 JUL’24 CORN BUY 380P 1 7/8or $93.75/Contract 91 Days – 6/21/24 AUG’24 SOYBEANS BUY 960P 1 5/8 or $81.25/Contract 126 Days – 7/26/24 JULY’24 WHEAT BUY 430P 1 1/4 or $62.50/Contract 91 Days – 6/21/24 LIVESTOCK AUG’24 LIVE CATTLE BUY …

Hogs Break Down

Ben DiCostanzoGeneral Commentary

June Lean Hogs is now the lead contract as its volume has overtaken the volume for the April contract.  The June contract continued its plunge since becoming the lead contract, breaking down to 98.80 and settling lower on the day at 99.30. The high was at 100.95. Since June has become the lead, traders have been stripping some of the …

Pure Hedge – Livestock and Grain

Bill AllenGeneral Commentary

3/20/24 UPDATED The Livestock Market were all lower today, along with the Corn and Wheat Markets, but the Soybeans shot higher. Hopefully the Beans continue to climb before Planting intentions are released. Today April’24 Live Cattle were 25 cents lower and settled at 187.80, just above today’s low of 187.40. The 1-month low is 184.47 ½. Today’s high was 188.57 …