5/22/25
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The Livestock Markets were mixed again, with the Cattle Markets trading 1-3 dollars higher today. The Fats closed near the high today. August’25 Live Cattle were 1.85 higher today and settled at 210.50 Today’s high was 210.95 and the 1-month and contract high is 214.50. Today’s low was 208.95 and the 1-month low is 202.55. Since 4/22 August’25 Live Cattle are 7.92 ½ higher or almost 4%. The August’25 Feeders traded over the 300.00 level again today. August’25 Feeder Cattle were 3.35 higher today and settled at 299.77 ½. Today’s high was 300.20 and the 1-month and contract high are 307.67 ½. Today’s low was 296.00 and the 1-month low is 290.52 ½. Since 4/22 August’25 Feeder Cattle are 8.82 ½ higher or more than 3%. The Hogs gave a little back today. July’25 Hogs were 47 ½ cents lower today and settled at 102.05. Today’s high was 103.00 and the 1-month high is 105.17 ½. Today’s low was 101.80 and the 1-month low is 97.60. Since 4/22 June’25 Lean Hogs are 1.67 ½ higher or more than 1 ½%. The Cattle Markets charged ahead again today, with the Feeders trading over the 300.00 level. The August’25 Live Cattle traded through the 210.00 level and managed to settle above that level as well. The Cattle Markets looked good again and closed near the highs of the day. The August’25 Fats closed 45 cents off the highs with 2-dollar range on the day, and the August’25 Feeders closed 42 ½ cents off the high, with a daily range of 4.20. I still like the downside in the Cattle Markets and will have to remain patient. I still like the 190 level in the August’25 Fats, with the 50% retracement from the 52-week high/low at 191.63. The 200-Day moving average sits below at 187.58. I still like the 260-265 level in the August’25 Feeders, with the 50% retracement from the 52-week high/low sitting at 271.90. There is a Cattle on Feed Report tomorrow and that will help determine the direction of the market moving forward. The July’25 Hogs had a range of 2.20 and settled 95 cents off the highs today. The June’25 Hogs were stuck in a trading range, and I feel we can see the July’25 Hogs break through any past range bound trade. I feel we can see the July’25 Hogs head back toward the 1-month high of 105.17 ½, and higher from there looks possible.
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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. Sign Up Now
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The Grain Markets were mixed today. The Beans traded over the 1070 level today. July’25 Soybeans were 4 ¾ cents higher today and settled at 1067 ½. Today’s high was 1070 ¾ and the 1-month high is 1082. Today’s low was 1051 and the 1-month low is 1036 ½. Since 4/22 July’25 Soybeans are 21 ½ cents higher or more than 2%. The Corn Market looked good again today. July’25 Corn was 2 cents higher today and settled at 463. Today’s high was 464 ¾ and the 1-month high is 487 ½. Today’s low was 456 ½ and the 1-month low is 436 ½. Since 4/22 July’25 Corn is 20 ¼ cents lower or more than 4%. The Wheat Market paused the rally and dropped a few cents today. July’25 Wheat was 4 ¾ cents lower today and settled at 544 ½. Today’s high was 552 and the 1-month high is 556 ¼. Today’s low was 521 ¼ and the 1-month and contract low are 506 ¼. Since 4/22 July’25 Wheat is 5 ¾ cents lower or more than 1%. As a whole, the Grains looked alright today. The July’25 Soybeans are getting closer and closer to my 580 level, trading as high as 1070 ¾ today. Today’s high is just 11 ¼ cents below the 1-month high of 1082. I still feel we can see that level taken out and see the July’25 Beans trade up to the 50% retracement from the 52-week high/low of 1102 ¼. I think we can see the July’25 Soybeans trade even higher and the next level I like higher is 1134 ½. The Corn Market stayed strong and traded higher throughout the day and settled just 1 ¾ cents off the highs at 463. The July’25 Corn closed 8 ½ cents below the 50% retracement from the 52-week high/low of 471 ½. The July’25 Corn also settled above the 200-Day moving average of 461 ¾. The next level higher that I like is the 100-Day moving average of 479 ¼. The July’25 Wheat gave a few cents back today, but I feel we can see it trade much higher again soon. Today’s high in the July’25 Wheat was just 4 ¼ cents below the 1-month high of 556 ¼. I feel we can see the July’25 Wheat trade up to and through the 100-Day moving average of 564 ¾, and up to the 200-Day moving average of 580 ½. I am still Bullish the Wheat Market and feel we can see it trade up to the 630 level, with the 50% retracement from the 52-week high/low sitting at 630 ½. We still need clarity in the Soybean Oil Market after some S.O.B. started spreading rumors about the EPA and biofuel blend rates. The Contract high was made on 5/14, and then the rumor was started, and the market was locked limit down the next day. Last night the Soybean Oil gapped lower, and left opportunity for the market to fill the gap tomorrow. The July’25 contract needs to get above the 49.68 level to finish filling the gap. The Market rebounded nicely off of the lows today and the July’25 contract still sits above the 49.00 level and in striking distance of the 50.00 level. I feel we can see this contract trade higher the rest of the week, settle above the 50.00 level, and see the front months gain on the back months. I still like the September’25 Soybean Oil Contract, but in the near term I feel we can see the July’25 Bean Oil contract trade through the contract high of 52.62, that sits 3.51 above today’s settlement price. Great opportunity exists in the Option Markets, and I can show you how to capitalize on it. Give me a call if you have any questions. Have a great night.
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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[email protected] Sign Up Now
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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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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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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.
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