Corn futures were mixed Friday as futures continued to consolidate after the sharp rally earlier this week. Even so, this week's price gains are impressive in light of the fact that farmers are in the process of harvesting the second largest corn crop on record. December closed 3/4 of a cent lower at $2.71. March settled 3/4 higher at $2.84.

Soybean futures settled slightly lower on Friday. Strength in wheat this morning supported prices initially, but profit-taking on recent gains and the bearish fundamentals of harvest and large crop expectations pushed prices lower. November futures ended 1 1/2 cents lower at $5.64 and January was 2 1/4 cents lower at $5.77 3/4.

Wheat futures closed mixed on Friday. There was little fresh news today, but late profit-taking ahead of the weekend weighed on the market after rallying this morning. For the week, renewed attention to bullish world supply/demand fundamentals and improving export demand for U.S. wheat led prices higher. CBOT Dec was unchanged at $4.64. KCBT Dec was down 2 3/4 cents at $5.01 3/4. MGE Dec was 5 3/4 cents lower at $4.79 3/4.

Cattle futures were lower on the close Friday. The market closed on the low end of the daily trading range amid concerns about the lack of cash market activity this week. The setback capped a week of choppy, directionless trade. October fell 47 points to close at $90.87. December was 75 points lower at $89.35. October feeder cattle were down 42 points at $113.02.

Lean hog futures ended strongly lower on Friday. With cash prices showing signs of weakness this morning and the weekend looming, traders started closing out long positions, which drove prices down into sell stops leading to even more pressure on prices. October closed 78 cents lower at $64.58 while December was $1.73 lower at $59.63.