Grains futures, livestock prices drop

AP News
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Posted: Sep 01, 2011 11:04 AM
Grains futures, livestock prices drop

Grains futures declined in early trading Thursday on the Chicago Board of Trade.

Wheat for December delivery slid 17.5 cents to $7.74 a bushel; December corn fell 8.5 cents to $7.59 a bushel; December oats dropped 1 cent to $3.715 a bushel; and November soybeans shed 8.5 cents to $14.49 a bushel.

Beef and pork futures dropped on the Chicago Mercantile Exchange.

October live cattle fell 0.32 cent to $1.1370 a pound; October feeder cattle lost 0.65 cent to $1.3205 a pound; and October lean hogs shed 0.75 cent to 84.75 cents a pound.