Traders continue to keep an eye on the latest weather forecasts, developments along the Mississippi River and outside market news, especially concerning Ukraine. USDA's Cattle on Feed report for Oct. 1 is due out at 2 p.m. CDT Friday and is expected to show 11.45 million head on feed, down nearly 1% from a year ago.
Weather
A pattern change is underway with a storm system set to drop down into the western states later today and through the weekend, bringing scattered showers to the Pacific Northwest. East of the Rockies it is quickly getting warmer than where we were just a couple of days ago. It is also very dry and increasing winds will lead to higher risks of fires in areas of drought, which are widespread in the country.