USDA's cattle on-feed report for September 1 will be out at 2 p.m. CDT Friday. Dow Jones' survey expects the on-feed total to be down 2.2% from a year ago and placements to be down 5.2% from a year ago. Traders will keep an eye on rainfall totals over the weekend and any changes in the forecasts.
Weather
A storm system in the Pacific Northwest is sending plenty of energy into the Plains to produce areas of scattered showers and thunderstorms in the middle of the country early Friday. Shower coverage should expand with time today, with the more consistent and heavier rains across the Northern Plains. Some severe weather will be possible, as will localized flooding.