Grain, livestock futures drop

[January 31, 2012]  CHICAGO (AP) -- Grains futures fell Monday on the Chicago Board of Trade.

Wheat for March delivery dropped 2.5 cents to $6.4475 a bushel March corn fell 10 cents to $6.3175 a bushel March oats lost 6.75 cents to $2.92 a bushel while March soybeans tumbled 33.75 cents to $11.8525 a bushel.

Beef and pork futures fell on the Chicago Mercantile Exchange.

February live cattle dropped 0.78 cent to $1.2392 a pound March feeder cattle fell 0.25 cent to $1.5435 a pound while April lean hogs shed 0.22 cent to 87.15 cents a pound.

[Associated Press]

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