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Grain lower, livestock higher

CHICAGO (AP) - Grain futures were lower Thursday in early trading on the Chicago Board of Trade.

Wheat for May delivery was 5 cents lower at $4.5540 a bushel; May corn was 1.50 cents lower at $3.7160 bushel; May oats was 3.50 cents lower at $1.7940 a bushel; while May soybeans gained 6.25 cents to $10.1820 a bushel.

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

June live cattle was .83 cent higher at $1.1828 a pound; May feeder cattle was .90 cent higher at $1.4883 a pound; May lean hogs gained .55 cent to $.7793 a pound.

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