DTN Closing Livestock Comment 05/13 15:24

DTN Closing Livestock Comment 05/13 15:24 Active Selling on Widespread Trade Concerns Limit losses settled in lean hog trade following active pressure in all livestock trade. The concern that recent tariff hikes on both sides of the China and U.S. trade war has eroded any hope of a deal in the near future. By Rick Kment DTN Analyst GENERAL COMMENTS: Aggressive losses were not evident in just livestock trade, although the activity levels and extreme losses seen through the complex has sparked increased unrest in cattle and hog futures. With hog trade settling limit lower, increased volatility is expected with expanded trading limits allowing for even wider market swings Tuesday. Cash cattle interest remains quiet Monday with show-lists mixed for the week. Increased offerings in the North are offset by lower cattle available in Texas; Kansas listings are generally steady with last week's level. Early week trade may start to develop based on recent market shifts. Bids and asking prices are unavailable, but may start to develop either Tuesday or Wednesday. National Daily Direct afternoon hog report is unavailable at this time due to report delays. Corn futures added in light trade. July futures fell 4 3/4 cents per bushel. Dow Jones Index is 637 points lower with Nasdaq down 271 points.