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Tariff Tension Continues With China, Markets Spiral Downward

09:03AM Aug 05, 2019
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Investors, bankers and farmers are seeing what the start of a new trading week will bring following a volatile ride last week with both the agricultural and stock markets tumbling.

Bloomberg is reporting the Chinese government has asked its state-owned enterprises to "suspend imports of U.S. agricultural products" after President Donald Trump ratcheted up trade tensions.

Both crop and livestock markets falling in the red early during Monday morning’s trading session. Some of the lean hog contracts spiraling down $4. Both live cattle and feeder cattle contracts are down $2.

The Dow Jones down more than 469 points Monday morning, the Nasdaq falling more than 187 points as well.

AgDay National Reporter Betsy Jibben has a story about the changes last week, and what this week could bring.

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