Grain futures drop, livestock prices trade mixed

AP News
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Posted: Mar 28, 2011 4:10 PM
Grain futures drop, livestock prices trade mixed

Grains futures traded lower Monday on the Chicago Board of Trade.

Wheat for May delivery dropped 8 cents to $7.2525 a bushel; May corn slid 18.5 cents to $6.71 a bushel; May oats were unchanged at $3.49 a bushel; while soybeans for May delivery fell 9.75 cents to $13.485 a bushel.

Beef and pork traded mixed on the Chicago Mercantile Exchange.

June live cattle slipped 0.78 cent to $1.1697 a pound; May feeder cattle added 0.12 cent at $1.3717 a pound; June lean hogs fell 0.45 cent to $1.0325 a pound; while March pork bellies jumped 3 cents to $1.2600 a pound.