Corn futures ended steady to fractionally higher on Friday in quiet trade. Futures were under pressure through mid-week, but managed to recover late in the week to end with slight gains. May futures closed 1/4 cent higher at $2.39 1/2. December settled 1/2 cent higher at $2.65 1/2.



Soybean futures settled higher on Friday following a choppy session. Speculative buying was supportive although mixed trade most of the day was attributed to consolidation of yesterday's rally. Gains were limited by lower soybean meal prices, which setback from yesterday's gains. May ended 2 cents higher at $6.06 and November was 3/4 of a cent higher at $6.27 1/2.



Wheat futures were higher on the close Friday. Strong support came from mounting concerns about dry weather in the Plains. Some forecasters call for better chances of rain the middle of next week. However, this week's weather was generally stressful for the crop with unseasonably warm temperatures and only light showers. CBOT May was 4 1/2 cents higher at $3.85. KCBT May was up 5 3/4 cents at $4.45 1/2. MGE May was 3 1/4 cents higher at $4.28 3/4.



Cattle futures closed lower on Friday. Lower cash prices in Nebraska and a decline in boxed beef cutout values weighed on the market. Futures once again dipped below light chart support at recent lows to trade at the lowest level since early September. April cattle were 77 points lower at $86.02. June was down 65 at $81.70. March feeder cattle were down 82 points at $106.32.



Lean hog futures closed mixed on Friday. Front end contracts were steady to lower, but deferreds were supported by pre-weekend positioning. Futures premium to cash weighed on front end contracts despite firm cash markets. April ended unchanged at $62.00 and June was 32 cents lower at $70.50.