Corn futures were steady to lower on Friday. The corn market was very quiet. The trade is awaiting new input, but the trend is lower. USDA will release a new supply/demand report next week. March corn settled unchanged at $1.95.

Soybean futures ended lower on Friday, with the March contract slipping below $5.00. Technical weakness, lower basis levels and generally favorable weather in South America weighed on prices today. March ended 2 1/2 cents lower at $4.99 1/2.

Wheat futures settled lower today. The market continues to drift lower pressured by competition from the record world wheat crop. Chicago futures set new contract lows while Kansas City and Minneapolis are clinging precariously to support at the previous lows. CBOT ended 2 cents lower at $2.87 3/4. KCBT Mar fell 2 cents to close at $3.22 1/4. MGE March wheat was down 2 1/4 cents at $3.35 1/4.

Cattle futures were slightly lower on the close Friday with profit taking offsetting support from higher cash cattle prices. Comments from the Senate Ag Committee hearing on the Canadian import issue this week were inconclusive. February futures slipped 7 points to close at $90.92.

Lean hog futures closed lower on Friday. The biggest factor pushing futures prices lower is the continuing weakness in cash bids. Cutout prices did improve on Thursday, but not enough to push margins back above break-even. April ended down 20 cents to $73.