A report on U.S. construction spending in December and the Institute of Supply Management's index of U.S. manufacturing in January are due out at 9 a.m. CST and complete Tuesday's list of reports. Traders will keep watching the latest weather forecasts and for any news regarding Ukraine. The cattle market will respond to Monday's January 1 inventory numbers from USDA.
Weather
A strong cold front is starting to settle in the Southern Plains but will still work through the Midwest Tuesday before settling over eastern areas tonight. Heavy precipitation will start to develop along this front around the Missouri area this afternoon and spread both southwest and northeast overnight. What may start out as rain will become mixed as colder air gets reinforced across the area and undercuts the rain, leading to a band of freezing rain, sleet, and snow north of the front.