Hog futures rose on Friday, supported by expectations for demand for less expensive pork items to pick up as beef prices hover near all-time highs. December lean hogs gained 112 to 88.77, February hogs rose 142 to 88.42.
Cattle futures rallied into the close on Friday, lifted by steady prices paid in the cash markets for available cattle and by short-covering, after concerns about beef dragged prices to recent lows early in the week. December live-cattle gained 145 to $166, February live-cattle rose 182 to $168. November Feeder-cattle picked up 2 to $238.
Corn futures slumped Friday as forecasts for dry weather over the weekend allowed U.S. farmers to wind up harvest. Soybean prices rose on evidence of robust demand for the oilseeds, and products and wheat prices fell, weighed down by sluggish demand for U.S. supplies of the grain and a strong U.S. dollar.
December corn dropped 3 3/4 to $3.67, November soybeans gained 9 1/4 to $10.40, December Chicago wheat fell 5 3/4 to $5.14, and December KC wheat fell 9 ¾ to $5.69.
Cotton futures gained Friday, in spite of technicals that indicate otherwise. December cotton gained 77 to 63.96, and the March contract gained 33 to 62.61.
Gold prices notched their sharpest gain in nearly five months Friday after data showing weaker-than-expected October jobs growth spurred investors to close out bets against the precious metal. December gold gained $27.20, to $1,169.80, and December silver closed at $15.71, up 30.1 cents.
Oil prices rose Friday on expectations that cold weather could boost demand for petroleum products. December crude gained 74 cents to $78.65 a barrel, December gasoline gained a fraction to $2.13 a gallon, and December diesel rose 4.08 cents to $2.49 a gallon.
Natural gas futures rose for a ninth-straight session Friday with the onslaught of frigid temperatures coming over most of the U.S. next week.
December Natural gas gained a fraction to $4.41.
On Wall Street, stocks ended little changed on Friday, pressured by renewed uncertainty in healthcare stocks and by Disney shares, even as October U.S. payrolls data pointed to a resilient economy in the face of sluggish global growth. The Dow gained 19 to 17,573, the Nasdaq finished the week at 4,632, down 6 and the S&P 500 gained a fraction to 2,031.