Agriculture futures trade lower on the CBOT

[January 28, 2009]  CHICAGO (AP) -- Agriculture futures dropped Tuesday on the Chicago Board of Trade.

Wheat for March delivery slid 7.75 cents to $5.8475 a bushel, while March corn sank 16.25 cents to $3.775 a bushel. March oats shed 3 cents to $2.12 a bushel, and March soybeans tumbled 33 cents to $9.76 a bushel.

Beef and pork futures slid on the Chicago Mercantile Exchange.

April live cattle dropped 1.20 cents to 84.40 cents a pound, while March feeder cattle lost 1.45 cents to 90.27 cents a pound. February lean hogs shed 2.25 cents to 55.75 cents a pound, and February pork bellies dropped 1.35 cents to 79.25 cents a pound.

[Associated Press]

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