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Traders look for On Feed to come in below year-ago levels.

Report showed all categories on the bearish side of expectations.

Drought Monitor reflects 60.21% of the nation still covered by some form of drought.

Forecast calls for below-normal precip for bulk of Corn Belt.

Normal precip expected across most of the Corn Belt.

While drought improved in many areas, the Southern Plains saw slight expansion.

Final rule keeps provisions from proposed rule on labeling for each production step and prevents commingling of meat from different origins.

“We are deeply disappointed with this short-sighted action by the USDA,” says Scott George, National Cattlemen’s Beef Association president, after USDA’s rule on mandatory country of origin labeling.

The U.S. tightened country-of-origin labeling provisions to specify where animals are born, raised and slaughtered.

Cattle futures climbed for the first time in three days on signs of increasing demand from U.S. meat processors.