Corn futures closed higher on Friday. Weakness in the dollar and short-covering ahead of the weekend pushed prices slightly higher. Gains were limited by warm and mostly dry weather this week that was beneficial for the crop in much of the Corn Belt. July ended 1 3/4 cents higher at $3.84 1/4 and December ended 2 3/4 cents higher at $4.04 1/4.



Soybean futures settled mixed on Friday. Weakness in the dollar and tight stocks were supportive for old-crop contracts. However, gains were limited by weakness in crude oil. New-crop was pressured by favorable growing conditions in the Midwest this week and ideas that USDA will raise their acreage estimate next week compared to planting intentions. July was 5 cents higher at $12.01 while November ended 11 cents lower at $9.91.



Wheat futures were mixed on Friday. Weakness in the dollar and ideas of being technically oversold supported the CBOT. But the KCBT was lower on pre-weekend harvest pressure. Sluggish export demand also limited buying interest. The MGE led the losses on generally favorable growing conditions for the spring wheat crop. CBOT July ended 1 1/4 cents higher at $5.34 1/4, KCBT July was 2 3/4 cents lower at $5.89 1/2 and MGE July ended 11 1/4 cents lower at $6.67 1/4.



Cattle futures closed mostly lower on Friday. The spot month was higher as cash trade developed at $82 near midday, which is up about $1 from trade earlier in the week. Lower beef prices and expectations for demand to slow after the July fourth holiday kept deferreds on the defensive. June closed 53 cents higher at $82.48 while August was 15 cents lower at $82.40.



Lean hog futures ended lower on Friday. The August through February contracts hit new lows amid sluggish pork demand. Pork cutouts rebounded $1.42 on Thursday, but that is after hitting the lowest level in six years earlier this week. The Quarterly Hogs and Pigs report due out Friday afternoon is expected to show little herd liquidation. July closed 38 cents lower at $56.70 and August was $1.10 lower at $57.70.