On Friday, USDA will release the May Cattle on Feed report at 2 p.m. CDT. Later at 2:30 p.m. CDT, CFTC will release the weekly Commitments of Traders report, updating positions held as of Tuesday, May 19.
Weather
A stalled front across the Southern Plains extends through the Tennessee Valley on Friday morning where scattered showers can be found throughout the day. Some of those thunderstorms could be severe across Texas and Oklahoma later Friday. Additionally, another system is moving through the Plains with widespread showers from North Dakota to Kansas. Those showers will spread into the Midwest throughout the day while the Tennessee Valley showers spread north into the Midwest as well. Both of these features will continue to produce some good rainfall over drought areas in the country.