Grain futures drop, livestock prices trade mixed

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Associated Press

Posted on December 7, 2012 at 4:02 PM

CHICAGO (AP) — Grains futures dropped Friday on the Chicago Board of Trade.

Wheat for March delivery fell 1 cent to $8.61 a bushel; March corn slid 14.25 cents to $7.3725 a bushel; March oats tumbled 6.75 cents to $3.9125 a bushel; while January soybeans lost 19 cents to $14.7225 a bushel.

Beef and pork prices were mixed on the Chicago Mercantile Exchange.

February live cattle shed 0.62 cent to $1.304 a pound; January feeder cattle rose 0.52 cent to $1.4877 a pound; while February lean hogs fell 0.98 cent to 83.47 cents a pound.

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