Corn futures ended lower today, posting a small correction from yesterday's late session rally. The lack of supportive news and some increased country movement weighed on the market. March ended 2 cents lower at $2.06 3/4.



Soybean futures closed higher on Friday. Fund buying and some commercial activity pushed prices moderately higher. In addition, traders continue to hear rumors of China buying as much as seven cargoes of U.S. soybeans recently. March ended 9 3/4 cents higher at $5.42 1/4.



Wheat futures were a couple cents higher to end the week. Fundamentals provided no real news to support the strong reversal from the early week lows. Funds were again covering short position ahead of next weeks USDA reports. CBOT Mar was 1 1/2 cents higher at $3.09 3/4. KCBT Mar was up 2 1/4 cents at $3.44 3/4 and MGE Mar was 1 1/2 cents higher at $3.46 1/2.



Cattle futures were solidly higher today finding support from active cash market trade in the $88 to $88.50 range. Choice boxed beef prices were more than $2 higher Friday morning, reacting to the news that Tyson was curtailing slaughter operations. February ended 57 points higher $88.92.



Lean hog futures closed lower on Friday. February's premium to cash bids continues to limit near term price strength. Traders are reluctant to sell futures at current levels, but don't want to widen the gap between futures and cash. February fell 85 cents to close at $74.95.