Grains futures rise, livestock prices mostly lower

[June 16, 2010]  CHICAGO (AP) -- Grains futures rose Tuesday on the Chicago Board of Trade.

Wheat for July delivery added 2 cents to $4.535 a bushel; July corn rose 0.75 cent to $3.545 a bushel; and July soybeans traded up 7.5 cents to $9.59 a bushel. July oats soared 16.5 cents to $2.635 a bushel, the highest point since February. The Canadian Wheat Board said on Friday that heavy rain in western Canada will hurt grains production. Canada is a major oats exporter.

Beef and pork futures mostly traded lower on the Chicago Mercantile Exchange.

August live cattle slipped 0.05 cent to 88.07 cents a pound; August feeder cattle gained 0.18 cent to $1.1060 a pound; July lean hogs dropped 0.55 cent to 79.50 cents a pound; and July pork bellies slid 2.05 cents to 95.20 cents a pound.

[Associated Press]

Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.