Corn futures were lower again on Friday. After the sharp rally on Tuesday that carried nearby futures to six and a half month highs, prices retreated during the rest of the week. May contract settled 3 3/4 cents lower at 2.19 3/4.



Soybean futures fell sharply lower today. Futures fell below the low on Thursday on today's setback. Strength in the dollar and a lower CRB index contributed to the technically selling today. May fell 22 1/2 cents to close at $6.49.



Wheat futures ended lower today. Weakness in the soybean market along with a lack of fund buying was a negative influence on the wheat market. CBOT May was 10 cents lower at $3.56 1/2. KCBT May fell 6 cents to close at $3.60 1/4. MGE May was down 5 3/4 cents at $3.64.



Cattle futures closed strongly lower on Friday. The market was pressured by the USDA's challenge of the injunction that prevents the reopening of the Canadian border to cattle imports. Lower beef prices and weaker cash trade also weighed on futures. April closed 108 points lower at $87.40.



Lean hog futures closed lower as traders reacted to news that USDA will appeal the preliminary injunction blocking the reopening of the border to Canadian cattle. Mixed cash hog prices did little to support futures. April was 18 cents lower at $70.40.