Agriculture futures tumble; livestock prices slip

[August 18, 2009]    CHICAGO (AP) -- Agriculture futures were sharply lower in early trading Monday on the Chicago Board of Trade.

Wheat for December delivery tumbled 12.25 cents to $4.9725 a bushel, while December corn lost 12.5 cents to $3.1525 a bushel. November soybeans sank 30.5 cents to $9.51 a bushel, and oats for December delivery slid 5.5 cents to $2.095 a bushel.

Meanwhile, beef and pork futures were mostly down on the Chicago Mercantile Exchange.

October live cattle slipped 0.55 cent to 88 cents a pound; October feeder cattle edged down 0.10 cent to $1.0017 a pound; October lean hogs fell 0.60 cent to 44.05 cents a pound; and August pork bellies were unchanged at 40 cents a pound.

[Associated Press]

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