Corn futures prices closed lower on Friday amid light news and in sympathy with the weakness in the other grains. Weekly export sales were near trade expectations, but cumulative commitments are running 6% below year-ago. March settled 1 1/4 cents lower at $2.14 1/4. May closed 1 1/4 cents lower at $2.23 1/2.



Soybean futures were choppy most of the session, but slipped to a lower close on Friday. Disappointing weekly export sales and forecasts calling for some rain in dry parts of South America put the market on the defensive late. March closed 7 1/2 cents lower at $6.11 and May fell 6 1/2 cents to $6.21.



Wheat futures closed lower on Friday. Renewed concerns about global export market competition contributed to late week selling pressure after the futures ran into stiff chart resistance at Tuesday's highs. CBOT Mar fell 9 cents to close at $3.30 3/4. KCBT Mar was down 6 3/4 cents at $3.78 3/4 and MGE Mar was 7 cents lower at $3.83 1/2.



Live cattle futures ended mixed on Friday. Futures spent the week in a sideways trading range. The cash market failed to provide any clear direction but managed to hold about steady despite falling boxed beef cutout values. February was 22 points lower at $96.05. April closed steady at $94.55.



Lean hog futures closed higher on Friday, except for the February contract. Short covering was the main factor fueling the increase in prices, but steady to firm cash hog bids were also supportive. Futures premium to the lean hog index held back the nearby. February 15 cents lower at $64.48 and April closed 33 cents higher at $68.05.