Friday, December 28, 2007

Wheat futures drop on CBOT

Wheat prices fell Thursday on the Chicago Board of Trade, while other agricultural futures traded mixed.

Wheat for March delivery lost 26.25 cents to $9.15 a bushel; March corn rose 2.5 cents to $4.5475 a bushel; March oats were flat at $3.09 a bushel; January soybeans fell 8.25 cents to $12.125 a bushel.

Beef futures rose and pork futures fell on the Chicago Mercantile Exchange.

February live cattle added 1.17 cents to 96.17 cents a pound; January feeder cattle rose 0.87 cent to $1.0437 a pound; February lean hogs fell 0.70 cent to 59.27 cents a pound; February pork bellies fell 0.18 cent to 84.82 cents a pound.

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