Traders remain highly interested in South American weather. A report on U.S. housing starts for October is due out at 7:30 a.m. CST Friday. USDA's monthly Cattle on Feed report for Nov. 1 is set for 2 p.m. Cattle traders have been anxious ever since the October report showed higher-than-expected placements. A 7% increase in placements from a year ago is anticipated in Friday's report.
Weather
A cold front continues to race through the central and eastern parts of the country Friday, providing some rain to the Eastern Corn Belt and sending temperatures back to normal briefly. We will see them perk up this weekend ahead of a pattern-changing system that is now off the coast of California.