Grains futures drop, livestock prices rise

AP News
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Posted: Jul 22, 2011 11:42 AM
Grains futures drop, livestock prices rise

Grains futures traded fell in early trading Friday on the Chicago Board of Trade.

Wheat for September delivery fell 4.25 cents to $6.73 a bushel; December corn dropped 1 cent to $6.72 a bushel; December oats were unchanged at $3.63 a bushel; while November soybeans slipped 1 cent to $13.87 a bushel.

Beef and pork futures rose on the Chicago Mercantile Exchange.

October live cattle added 0.10 cent to $1.1550 a pound; August feeder cattle gained 0.45 cent to $1.3565 a pound; and August lean hogs rose 1.55 cent to 99.65 cents a pound.