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10/28/25 . . If you don't like the customer service or lack of personal attention you are receiving from your broker, you have options, and you don't have to stay there. Account transfers are easy and so is opening a new account. Sign Up Now . . If you would like to receive more information on the commodity markets, please use this link to join my email list Sign Up Now . . I will be in Amarillo Texas December 1st-5th, let me know if you would like to meet there. . . The Livestock Markets were all lower today, with the Feeders down big for the fifth day in a row. The December'25 Fats settled lower today. December'25 Live Cattle were 0.60 lower today and settled at 226.57 ½. Today's high was 229.10 and the 1-month and contract high is 248.30. Today's low was 225.10 and the 1-month low is 223.17 ½. Since 9/26 December'25 Live Cattle are 7.37 ½ lower or more than 3%. The January'26 Feeders fell off a cliff. The January'26 Feeder Cattle were 9.55 lower today and settled at 324.87 ½. Today's high was 331.95 and the 1-month and contract high is 380.20. Today's low was 320.67 ½ and that is the new 1-month low as well. Since 9/26 January'26 Feeder Cattle are 23.02 ½ lower or almost 7%. The Hogs still stink. December'25 Lean Hogs were 67 ½ cents lower today and settled 80.82 ½. Today's high was 82.45 and the 1-month high is 91.45. Today's low was 80.47 ½ and that is the new 1-month low as well. Since 9/26 December'25 Lean Hogs are 10.22 ½ lower or more than 11%. Where to begin… The Cattle Markets have been rocked by the threat of the government stepping in and somehow lowering the price of Beef. The thought of the Southern Border being reopened, the tariff on beef from Brazil changing, and the unknown have crippled the Cattle Markets, and sent the price straight down, without one single new policy, other than more Beef from Argentina, but that is a drop in the bucket. The government remains closed, so everyone is left in the dark on what, if any changes will actually be made. The November'25 Feeders today on the low traded 16.82 through the 10% break level of 344.52, off the contract high of 382.80. The January'26 Feeders were hit harder, trading 21.50 ½ through the 10% break level of 342.18, off the contract high of 380.20. This was bound to happen at some point, but I am sure there are many that were not ready for it, and that is unfortunate. However, after expanded limits the last couple of days, tomorrow will be back to normal market limits, and I feel a bounce is likely. I got out of most of my shorts today and even looked at call spread pricing for the upside, but it was still expensive. If the Cattle Markets do rally back, it will be another opportunity to sell it again, before it eventually trades much lower than even today's settlement prices, in my opinion anyway. There are still ways to play both sides of the Cattle Markets, and I would be happy to show you how I would do that, just give me a call. The December'25 Fats settled below the 100-Day moving average of 228.43 ½ for the second day in a row, and the January'26 Feeders traded to within 2.57 ½, of the 50% retracement from the 52-week high/low level of 318.10, and I would use that as a support level for now. The December'25 Hogs traded through the 200-Day moving average of 80.64 today and made a new 1-month low at 80.47 ½ but did settle just above the 200-Day. There could be support for the December'25 Hogs at the 79.23 ½ level, but I am not sure it will hold. The rest of the week will be very volatile in all Markets, with the possibility of trade deals, government reopening, the FED number, and stock Markets currently at record levels. Risk needs to be managed now, more than ever, and I will help if asked. Soybean Oil Trade below, take a look. I am always available. Have a great night. . . NOW IS THE TIME TO OPEN AN ACCOUNT BEFORE ANOTHER MONTH PASSES BY - (Only 2 Months Left This Year) If you hit the link and provide your information, you will have a wealth of Market information at your fingertips. Sign Up Now . . The need for a successful business to have a trading account is immeasurable. Look at the market movement in all markets over the last three months. Opening an account sometime in the future will not help you if you need access now. To be successful, and able to manage risk, you need to be proactive now and secure your access to markets in real time. You can be both Prepared and Patient at the same time. ***WATCH FOR TRADE DEAL NEWS*** . . Through Walsh Trading I have built the best 5-man team in the business. Give me a call and let me show you how the Pure Hedge Division can help your bottom line. . . The Grain Markets were all higher again and lead by the Soybeans today. January'26 Soybeans were 10 ¼ cents higher today and settled at 1059. Today's high was 1108 and that is the new 1-month and contract high. Today's low was 1083 and the 1-month low is 10.12 ½. Since 9/26 January'26 Soybeans are 62 ¼ cents higher or just over 6%. December'25 Corn looked good and set a new monthly high today. December'25 Corn was 3 ¼ cents higher today and settled at 432. Today's high was 436 ¼ and that is the new 1-month high as well. Today's low was 427 ¼ and the 1-month low is 409 ¼. Since 9/26 December'25 Corn is 3 ¼ cents higher or more than 2%. The Wheat continued higher as well. December'25 Wheat was 3 cents higher today and settled at 529. Today's high was 535 and that is the new 1-month high as well. Today's low was 524 and the 1-month and contract low is 492 ¼. Since 9/26 December'25 Wheat is 9 ¼ cents higher or almost 2%. The Grains have been charging ahead in anticipation of a Trade Deal getting done with China, but who knows what will actually be agreed to? President Trump and XI are scheduled to meet Thursday, as the structure of a trade deal has already been completed, just not approved. I feel there is a chance the Grains could break after, or if there is a trade deal. It could be an example of buy the rumor sell the fact. If a long-term deal is made, the front end could be weak. I have been buying puts and put spreads, with defined risk, in the Soybeans the last couple of days, even as a new contract high was made in January'26 Soybeans today, just in case any deal is disappointing in the near-term. I would like to see the Beans trade higher, but I need to see what develops before getting too long here. I still like the Soybean Oil market regardless of any trade deal and continued to buy Call spreads today. Palm Oil stocks are likely to get even tighter next year, with many countries increasing their biofuel percentages. There could even be export controls enacted in the Palm Oil market, at same time the Sunflower Oil stocks are very low. Soybean Oil demand and pricing could have a huge story throughout 2026. Soybean Meal has gone straight up and has been higher ten trading days in a row, and I feel a run higher for the Bean Oil is about to begin. The Corn Market has been trading higher with the Beans, but nowhere close to the same level. A new 1-month high was made today, but even with perceived strong demand, more info will be needed to get long from here, and a trade deal would certainly help. The Wheat has been moving higher as well and made a new 1-month high, but it is hard to buy it here, with the history of the contract breaking just because. A trade deal with China and India could be great, but it has to happen first, and then have concrete details provided, or these Grain Markets could fall apart. Soybean Oil Trade below. Please give me a call if you have any questions. Have a great night. . . March'26/July'26 Soybean Oil Trade Structured and Sent Out Today, 10/28/25 Below . THIS WEEKS WALSH GAMMA TRADER FROM YESTERDAY 10/27/25 BELOW. . . IMPORTANT UPCOMING DATES BELOW . . The need for a successful business to have a trading account is immeasurable. Look at the market movement in all markets over the last three months. Opening an account sometime in the future will not help you if you need access now. To be successful, and able to manage risk, you need to be proactive now and secure your access to markets in real time. You can be both Prepared and Patient at the same time. WATCH FOR TRADE DEAL NEWS . . If you don't like the customer service or personal attention you are receiving from your broker, 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 312-957-8079BALLEN@WALSHTRADING.COM Sign Up Now . . 50-Year Cattle Chart Below. Whenever it Breaks it Will Be a Spectacular Collapse. . . . . December'25 Natural Gas 5-Year Chart Below. . . . . December'25 Soybean Oil 5-Year Chart Below. . . . . USE THE QR CODE BELOW TO SIGNUP FOR TRADE ALERTS . . If you would like to open an account, please call or send me an email BALLEN@WALSHTRADING.COM . . . . 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 . . GOD BLESS AMERICA . . . . . . . . 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.
