6/3/25

.

.

If you don't like the customer service or lack of personal attention you are receiving at your new and very large brokerage house, you have options, and you don't have to stay there. Account transfers are easy and so is opening a new account. 

.

.

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 all lower today. The Fats closed over a dollar lower today. August'25 Live Cattle were 1.25 lower today and settled at 209.75 Today's high was 212.85 and the 1-month and contract high is 214.50. Today's low was 209.15 and the 1-month low is 205.32 ½. Since 5/2 August'25 Live Cattle are 2.70 higher or more than 1%. The August'25 Feeders settled near the lows, but still over the 300.00 level today. August'25 Feeder Cattle were 52 ½ cents lower today and settled at 301.22 ½. Today's high was 304.55 and the 1-month and contract high are 307.67 ½. Today's low was 299.85 and the 1-month low is 293.05. Since 5/2 August'25 Feeder Cattle are 4.60 higher or more than 1 ½%. The Hogs gave a little back today. July'25 Hogs were 40 cents lower today and settled at 104.57 ½. Today's high was 106.05 and that is the 1-month high as well. Today's low was 104.32 ½ and the 1-month low is 98.57 ½. Since 5/2 June'25 Lean Hogs are 3.72 ½ higher or almost 4%.  It's time to cover your feed costs in the Corn Market, and I will show you how below. There was a large purchase of Calls in the Live Cattle Market today, just before the Market started to break. Someone bought 6000 August'25 Live Cattle 240 Calls at 12 ½ cents. More than 7,250 contracts traded in the August'25 Live Cattle 240 Calls today, but the 6000 lot got my attention. My first thought is the Packers started to get long above the market again, but I don't know who it was. I can't Imagin anyone would initiate a short position in front of a runaway Cattle market to make 12 ½ cents, so it was a Speculator, Fund, or Packer that threw $300,000.00 down on the 240 Call Strike, that expires in 59-Days on 8/1/25. The path of least resistance is lower, and that is where your risk is as well. I recommend hedging everything you buy at these high prices. It's the beginning of the month, with new price limits going into effect on June 1st. Live Cattle Limits have changed from 6.50 to 7.25, with expanded limits after a limit move now 10.75. For the Feeders, the daily limits changed from 8.25 to 9.25, with an expanded limit of 13.75. We are sure to see some fireworks this month with the high prices, expanded limits, and the end of the month marking the end of the first half of the year. Just for a price comparison, 1-year ago on 6/2/24 the Fats were priced $27.60 lower, at 182.15, that is a change of 15.15%, and 3-years ago on 6/6/22 cattle prices were $80.35 lower, at 129.40, or a change of 58.99%. For the Feeders, they are 33.85 higher since 12/31/24, or 12.66%, and 3-years ago the price was $127.27 ½ lower at 174.00, or 72.95% lower. Something to keep in mind throughout the rest of the month. I still like the 190 Level in the August'25 Fats, and the 265 level in the August'25 Feeders. The Hogs have looked good and traded up to and through the high side of my range, setting a new 1-month high today of 106.05. The Contract high sits just above at 106.70, just 65 cents away. I think if the price gets back up near today's high, it could be a good spot to get short, as the July'25 Hogs settled $1.47 ½ below today's high. It's time to buy some Puts and some protection. Give me a call.

. 

.

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

.

.

     The Grain Markets were mixed again today. The Beans lead the way higher today. July'25 Soybeans were 7 ¼ cents higher today and settled at 1040 ¾. Today's high was 1044 and the 1-month high is 1082. Today's low was 1032 ¾ and the 1-month low is 1032 ½. Since 5/2 July'25 Soybeans are 17 ¼ cents lower or more than 1 ½%. The Corn Market did not do much again, but did stay positive today. July'25 Corn was ¼ cent higher today and settled at 438 ½. Today's high was 442 ½ and the 1-month high is 470 ¾. Today's low was 434 ¼ and that is the new 1-month low as well. Since 5/2 July'25 Corn is 30 ½ cents lower or 6 ½%. The Wheat Market traded a little lower today. July'25 Wheat was 3 cents lower today and settled at 536. Today's high was 545 ½ and the 1-month high is 556 ¼. Today's low was 531 ¾ and the 1-month and contract low are 506 ¼. Since 5/2 July'25 Wheat is 7 cents lower or more than 1%. Heard a rumor today that a large amount of Corn acreage could be taken off the balance sheet due to flooding/wet fields in parts of the South and Southeast. Now is the time to hedge your feed cost in the Corn Market. Today's low in the July'25 Soybeans was just ¼ of a cent above the 1-month low of 1032 ½. The July'25 Beans closed 8 cents higher than the low today and looked like they wanted to rally again. With trade deals on the horizon, there could be some great upside to come in the whole Soybean complex. I have a Wheat Call Spread below and I feel it is a great play for the rest of this month. I am looking to capture any upside movement, for any potential trade deals being finalized this month, and it comes with a credit. I still like the July'25 Wheat trading up to the 580 level or higher. The Corn Market could be the new Bullish traded to have on. Trade deals would be great for the Corn Market, but a reduction in Corn acreage could send the Market much higher as well. Today I heard rumors of a wet Southeast part of the Corn Belt. If the numbers I heard to were even close to accurate, I feel you would want to be long the Corn Market. This is also the time to hedge your feed costs, with the September'25 Corn making a new contract low today of 419 ¼. The July'25 Corn set a new 1-month low as well today. I have many ways to lock in your feed cost, and would be happy to explain how, just give me a call. I have it broken down per 1000 head and up. If you are looking to put on a trade in the Corn to capture any big moves higher, a simple 50 cent wide Call Spread in the September'25 contract month could be the way to go. The cost to put the spread on 1 time is $343.75 plus Fees and Commissions, with a possible return of $2,500.00 per spread. I would like to earn your business, so give me a call and I will show you many ways to put on protection or a position in any market, at no cost. I look forward to hearing from you. Have a great night.

.

.

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 BALLEN@WALSHTRADING.COM   Sign Up Now

.

.

July'25/July'26 Wheat Call Spread Below:

.

.

.

.

.

50-Year Cattle Chart Below. Whenever it Breaks it Will Be a Spectacular Collapse.

.

.

.

.

August'25 Natural Gas 5-Year Chart Below.  

.

.

.

.

September'25 Soybean Oil 5-Year Chart Below. 

.

.

.

.

USE THE QR CODE BELOW TO SIGNUP FOR TRADE ALERTS

.

.

.

.

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

.

.

.

.

.

.

.

.

Give me a call if you have any questions.

.

.

Bill Allen

Vice President

Pure Hedge Division 

Direct: 312-957-8079

ballen@walshtrading.com

WALSH TRADING INC.

311 South Wacker Drive

Suite 540 Chicago, Illinois 60606

www.walshtrading.com

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.