3/26/25
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The Livestock Markets were all higher today. The June’25 Fats settled 35 cents off the high today. June’25 Live Cattle were 70 cents higher today and settled at 203.02 ½. Today’s high was 203.37 ½ and the 1-month and contract high is 207.30. Today’s low was 201.67 ½ and the 1-month low is 185.00. Since 2/26 June’25 Live Cattle are 11.82 ½ higher or more than 6%. The Feeders closed more than a dollar higher. May’25 Feeder Cattle were 1.05 higher today and settled at 285.17 ½. Today’s high was 285.17 ½ and the 1-month and 52-week contract high is 290.62 ½. Today’s low was 283.40 and the 1-month low is 265.20. Since 2/26 May’25 Feeder Cattle are 13.35 higher or almost 5%. The Hogs traded higher today as well. June’25 Lean Hogs were 30 cents higher today and settled at 96.55. Today’s high was 97.47 ½ and the 1-month high is 100.17 ½. Today’s low was 95.20 and the 1-month low is 92.00. Since 2/26 June’25 Lean Hogs are 4.32 lower or more than 4%. It has been a crazy week and month in the Cattle Markets, and I expect the last three trading days of the month to be wild. March’25 Feeder Cattle Futures expire at 12:00 central time tomorrow and the end of the first quarter of the year ends on Monday. I expect to see more Fund selling this week and especially on Monday. It will be the last time they can book profits for the first quarter. Last year the seasonal highs were made this week, so they could have already been established last Friday. It will be an interesting close to the month and quarter. I still like the 190 level in the June’25 Fats. The 100-Day moving average is 190.49, the 50% retracement from the 52-week high/low is 188.77 ½, and the 200-Day moving average is 185.32, with the monthly low sitting at 185.00. The May’25 Feeders could have a big move if the market breaks. If the Funds liquidate in the Live Cattle Market, there could be a fire sale in the Feeders. I like the 260-265 level in the May’25 Feeders. The 1-month low is 265.20, the 100-Day moving average is 264.22, the 50% retracement from the 52-week high/low is 259.13, and the 200-Day moving average is 255.88. The Jume’25 Hogs settle just above the 50% retracement from the 52-week high/low of 96.05 and the 200-Day moving average of 96.10. I feel we can see it bounce between the 96.00 level and the 100.00 level. The 100-Day moving average is 100.16, and the 50-Day moving average is 100.28. Stay focused, it could get nuts for a few days.
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I see two big trades for this year. You are watching the Natural Gas trade unfold now, with much more upside to come in my opinion. The second is the Soybean Oil. It has been knocked down, and I feel it is ready to shoot much higher. Timing is everything, and there is still time to take advantage of both markets now. The first step is calling me and opening an account. TAKE ADVANTAGE OF THE BREAK IN NATURAL GAS
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The Grain Markets were all lower today. The Beans dropped almost a penny but settled above 1000. May’25 Soybeans were ¾ of a cent lower today and settled at 1001. Today’s high was 1008 ¾ and the 1-month high is 1051 ¼. Today’s low was 997 ½ and the 1-month low is 991. Since 2/26 May’25 Soybeans are 40 ¼ cents lower or almost 4%. The Corn market was lower today. May’25 Corn was 6 ½ cents lower today and settled at 451 ¼. Today’s high was 461 and the 1-month high is 496 ¼. Today’s low was 450 ¾ and the 1-month low is 442 ½. Since 2/26 May’25 Corn is 42 ¼ cents lower or more than 8%. The Wheat Market fell again today. May’25 Wheat was 8 cents lower today and settled at 535 ¼. Today’s high was 545 ¾ and the 1-month high is 580 ¼. Today’s low was 535 and the 1-month and 52-week low is 530. Since 2/26 May’25 Wheat is 44 ½ cents lower or almost 8%. I feel we could see the Grains rally from here. There is a Grain Report on Monday and the price action this week looks like the Markets are looking for a cut in Soybean Plantings and an increase in Corn acres being planted. I feel the Grain Markets as a whole are expecting this and that is why there has been a pullback in the Markets. I think we can see everything rally from here. Last year this Report had Corn acres down 5% from 2023 levels, Soybean acres up 3% from 2023, and Wheat acres down 4% from 2023 levels. There are updated Corn Call Spreads below, and new Soybean Call Spreads as well. Friday I will include Wheat Call Spreads as well. I feel we can see the July’25 Soybeans over 1100, July’25 Corn over 500 and higher, and July’25 Wheat over 600, heading towards 650. For the May’25 contract months, I like the 1050 level for the May’25 Soybeans. The 1-month high and the 200-Day moving average are both 1051 ¼. The May’25 Corn has been breaking too much, and I feel the lows could be in. I like the May’25 Corn back around 500. I feel we can see the May’25 Wheat head back toward the 580 level. The 100-Day moving average is 568 ¼, the 50-Day moving average is 570 ¼, and the 200-Day moving average is 589 ¼. If the Wheat Market spikes higher the 50% retracement from the 52-week high/low is 650 ¾. I feel it is time to lock in call spreads now, while the price is right. All of the Grain Call Spreads below come with limited risk. Give me a call if you would like to talk about it. Have a great night.
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New July’25 Soybean Call Spreads Below: They were sent out to everyone on my email list before today’s market open.
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Corn Call Spreads Below: Updated 3/24/25
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I will have July’25 Wheat Call Spreads on Friday
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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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July’25 Soybean Call Spreads Below:
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December’25 Corn Call Spreads Below: Updated 3/24/25
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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
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