Corn futures closed lower to end the week. Prices are drifting lower amid generally favorable planting conditions and the lack of supportive news. Export demand remains relatively sluggish despite some improvement last week. May ended 1 1/4 cents lower at $2.06 1/4.



Soybean futures ended slightly lower on Friday. The market is consolidating on the lack of fresh news. Fundamentals appear mostly negative amid slowing export demand. Uncertainty about the planting season is helping to limit losses. May fell 3/4 of a cent to $6.16 1/4.



Wheat futures were lower on Friday pressured by the outlook for a larger winter wheat crop and slowing export demand. Bearish global fundamentals are back firmly in control after the speculatively led late winter rally. CBOT May was 3 3/4 cents lower at $3.05 1/4. KCBT May was down 6 3/4 cents at $3.15 1/4. MGE May plunged 14 cents to close at $3.11 1/4.



Cattle futures were lower on Friday despite higher cash prices. Selling was attributed to commercial selling amid ideas of lower cash prices later this month. Boxed beef cutout values turned defensive late this week despite heavy movement Wednesday and Thursday. April was 47 points lower at $89.45. June futures fell 42 points to close at $84.42.



Lean hog futures finished the week on a positive note. Packer's margins are awful and traders expect slaughter to drop off next week as a result. If that happens, cutout values may recover, pulling cash hog prices up as well. June closed 65 cents higher at $77.10.