Agriculture futures trade lower on the CBOT

[January 21, 2009]  CHICAGO (AP) -- Agriculture futures dropped Tuesday on the Chicago Board of Trade.

Wheat for March delivery sank 28.25 cents to $5.50 a bushel, while March corn slid 7.5 cents to $3.835 a bushel and March oats shed 8.5 cents to $2.14 a bushel. March soybeans dropped 28 cents to $9.92 a bushel.

Beef and pork futures fell on the Chicago Mercantile Exchange.

February live cattle slid 1.9 cents to 82.62 cents a pound, while March feeder cattle lost 2.62 cents to 91.75 a pound. February lean hogs shed 0.23 cent to 59.72 cents a pound, and February pork bellies sank 2.65 cents to 80.67 cents a pound.

[Associated Press]

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