Corn futures closed slightly lower on Friday. The lack of fresh news led to consolidation type trade. Futures opened lower but were able to hold above technical support, with losses trimmed into the close. March ended 1 1/2 cents lower at $4.05 1/2 and December ended 3/4 of a cent lower at $3.98 1/2.



Soybean futures ended lower on Friday. The lack of any supportive news left futures to drift lower. Lower corn trade and mostly bearish fundamentals kept prices on the defensive. Crush and export demand remains strong, but ending stock estimates are still projected to be record large. March ended 2 3/4 cents lower at $7.10 1/2 and November was 2 1/2 cents lower at $7.63.



Wheat futures closed lower on Friday. Early weakness in corn weighed on the wheat market. Corn losses were trimmed during the session, but wheat was unable to climb out of the loss column. Ample moisture in the central and southern Plains since late December contributed to light selling pressure. CBOT Mar was 5 1/4 cents lower at $4.63 1/2. KCBT Mar was 6 cents lower at $4.88 while MGE Mar was down 3 1/2 cents at $4.93 1/2.



Cattle futures closed mostly higher on Friday. Short-covering ahead of the Cattle on Feed report helped pull prices higher. Gains were limited by weaker cash trade in Nebraska and continued weakness in beef prices. February ended 10 cents higher at $90.23 and April was 60 cents higher at $93.58.



Lean hog futures continued their upward trend on Friday. Gains were fueled by both technical factors and better than expected cash prices. Cold weather is headed for the Midwest and that could reduce marketings early next week. That possibility had packers trying to buy a few more hogs for next week's needs. February was 53 cents higher at $63.88. June hogs gained 23 cents to close at $76.88.