Corn futures were lower on Friday. USDA's supply/demand revisions were viewed a negative for prices. Exports were cut 50 million bushels while food, seed and industrial (FSI) use was down 35 million. Carryout stocks were raised 160 million bushels. May ended 1 1/2 cents lower at $2.04.

Soybean futures closed lower today. USDA's Supply/Demand report was supportive with USDA raising exports 35 million bushels and lowering carryout that amount. However, pre-report expectations were for a bigger decrease in carryout. Spillover weakness from soybean oil was a negative factor. May closed 11 1/2 cents lower at $6.12.

Wheat futures were lower on Friday pressured by losses in the other markets and forecasts for favorable weather in the winter wheat belt. USDA's supply/demand report was supportive, with carryout being lowered 12 million bushels. CBOT May was 4 1/4 cents lower at $3.10. KCBT May was down 5 1/4 cents at $3.19 1/2. MGE May fell 4 3/4 cents to $3.27 3/4.

Cattle futures were higher Friday, boosted by news that cash cattle were trading at $90 in the southern Plains and $91 in Nebraska. The April contract closed 50 points higher at $88.27. June futures climbed 30 points to close at $83.72.

Lean hog futures closed sharply higher on Friday. The stronger prices were attributed to short covering after recent declines but some traders are optimistic that cash hog prices will rebound next week. May ended $1.38 higher at $76.23 and June finished 88 cents higher at $77.70.