As trade-war talks heat up there are many U.S stocks coming under selling pressure today. Tyson Foods (NYSE:TSN) is a leading pork producer that is falling lower by $3.56 to $69.59 a share. Tyson's decline comes as China announced an increase in import duties on pork, apples and other products.
Watch This Level
Traders must now watch the $66 area as the next major support level for TSN's stock. This level is where Tyson broke out in September 2017. Often, prior breakout levels will serve as major support when retested. Other food stocks that are also coming under selling pressure include Hormel Foods (NYSE:HRL) and Pilgrims Pride (NASDAQ:PPC).