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Grains lower, livestock lower.

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

Wheat for Mar. delivery dropped 17.80 cents at $5.0740 a bushel; Mar. corn fell 10 cents at $3.70 a bushel; May oats was off 6 cents at $2.72 a bushel; while Mar. soybeans declined 24.40 cents at 8.7840 a bushel.

Beef and pork were lower on the Chicago Mercantile Exchange.

Apr. live cattle fell 5.02 cents at $1.0008 a pound; Mar. feeder cattle was lost 8.27 cents at $1.1888 a pound; Apr. lean hogs was off 4.04 cents at .6088 a pound.

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