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Friday, April 24, 2020

Friday Watch List

Markets

Friday starts with a report of March U.S. durable goods orders at 7:30 a.m. CDT, followed by an index of consumer sentiment at 9 a.m. USDA's monthly cattle on-feed report is due out at 2 p.m. CDT and a large drop in March placements is expected. Coronavirus statistics remain the primary market focus as we all continue to watch for signs of improvement. Weather forecasts, trade news and updates on the status of meat processing plants also get attention.

Weather

Showers and thunderstorms will cross the central Plains and western Midwest Friday, interrupting fieldwork and planting. Precipitation will be light to moderate, with locally heavy in eastern Iowa. Drier conditions are in store elsewhere. Eastern Midwest activity is interrupted by light to moderate rain. Temperatures will be seasonal to above normal in most areas, with hot conditions in southern Texas.