Agriculture futures drop, livestock prices rise

[September 10, 2009]    CHICAGO (AP) -- Agriculture futures moved lower Wednesday in early trading on the Chicago Board of Trade.

Wheat for December delivery dropped 2.75 cents to $4.5625 a bushel, while December corn slipped 0.5 cent to $3.07 a bushel. November soybeans shed 8 cents to $9.285 a bushel, and oats for December delivery lost 1.5 cents to $2.035 a bushel.

Meanwhile, beef and pork futures rose on the Chicago Mercantile Exchange.

October live cattle added 0.27 cent to 87.37 cents a pound; October feeder cattle gained 0.43 cent to 99.60 cents a pound; October lean hogs traded 0.40 cent higher to 51.37 cents a pound; and February pork bellies jumped 1.88 cents to 86.30 cents a pound.

[Associated Press]

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