USDA's cattle on-feed report for September 1 is the only significant report Friday and is expected to stay close to last year's total of 11.23 million head. Traders will continue to keep track of weather, outside market news, events from Ukraine and any word regarding the vote on the rail workers' contracts.
Weather
A weak system is moving through the Corn Belt on Friday. Areas of isolated showers and a few thunderstorms are expected as the system drifts eastward. Showers may produce a few delays to the ongoing corn and soybean harvest, but not much. Cooler temperatures to the north oppose hot temperatures that continue across the south. Winter wheat areas in Kansas and Nebraska have seen a few showers this week, but conditions continue to be poor for most areas.