Corn futures are steady to fractionally lower at midday. Short-covering has supported the market the past few days, but there is little buying interest today. Increased cash movement has been a slightly bearish factor. March is trading steady at $1.98 1/4.

Soybean futures are trading higher at midsession. Continued short-covering and some concern about dry conditions in southern Brazil are supportive factors. Recent strength in the cash market is also supportive. March is 5 1/2 cents higher at $5.21 1/2.

Wheat futures are steady to mostly lower at midday. Buying interest is limited following the recent short-covering gains. Underlying support is coming from decent weekly export sales last week and the EU leaving their subsidy at a low level. CBOT Mar is 1/4 of a cent higher at $2.96 1/2, KCBT Mar is 1 lower at $3.31 1/2 and MGE Mar is 2 lower at $3.41 3/4.

Cattle futures are higher at midsession. Gains have come in light volume. Cash trade at mostly $90 in the Plains helped the small gains along with firm boxed beef prices on Thursday. April is 33 points higher at $87.05.

Lean hog futures are trading higher this morning. Short-covering ahead of the weekend and ideas that yesterday's losses were overdone supported the market. Gains are being limited by yesterday's $1.12 drop in pork cutouts. April is 35 cents higher at $72.13.