USDA's weekly export sales report is due out at 7:30 a.m. CDT, followed by the University of Michigan's final estimate of U.S. consumer sentiment in June. At 2 p.m. CDT, USDA releases its June 1 estimate of cattle on feed with Dow Jones analysts looking for a 1.5% increase from a year ago. As usual, weather and outside markets will also get their fair share of attention.
Weather
Temperatures are increasing across much of the eastern half of the country Friday ahead of a storm system building in the Canadian Prairies and Northern Plains. That system will produce widespread showers and thunderstorms across the North-Central U.S. and Canada Friday into Saturday with the front continuing to track southeast through the rest of the weekend and early next week. While heat builds ahead of the front, it will fall off significantly behind it with temperatures below normal for a couple of days. Rainfall amounts will be spotty but could be heavy in localized areas.