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Agriculture futures mostly drop on the CBOT

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[January 31, 2009]  CHICAGO (AP) -- Agriculture futures mostly traded lower Friday on the Chicago Board of Trade.

Wheat for March delivery slid 10 cents to $5.68 a bushel, while March corn slipped 2.75 cents to $3.79 a bushel. March oats traded down 6.5 cents to $2.05 a bushel, but March soybeans settled 9.5 cents higher at $9.80 a bushel.

Beef and pork futures rose on the Chicago Mercantile Exchange.

April live cattle gained 0.78 cent to 85.10 cents a pound, while March feeder cattle added 0.38 cent to 91 cents a pound. February lean hogs traded up 1.55 cents to 58.55 cents a pound, and February pork bellies climbed 2.55 cents to 82.95 cents a pound.

[Associated Press]

Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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