Tyson cuts profit forecast as beef losses widen Tight cattle supplies push annual beef loss estimate to $650M3 August 2026 3 August 2026 1 minute read 1 minute read By: By: Global Ag Media North AmericaTyson Foods cut its annual profit forecast on Monday, warning that losses in its beef business would widen as tight cattle supplies keep livestock costs elevated, reported Reuters. US ranchers have slashed herd sizes after years of drought burned up pastures and raised feed costs, shrinking cattle inventories to their lowest level in 75 years, driving up beef prices, and squeezing meatpackers' profit margins. Tyson now expects fiscal 2026 adjusted operating income of $2.1 billion to $2.3 billion, compared with its previous forecast of $2.2 billion to $2.4 billion. For its beef business, the company forecast an adjusted operating loss of $500 million to $650 million, compared with its prior expectation of a loss of $350 million to $500 million. As beef prices rise, some consumers have turned to chicken as a cheaper source of protein, helping Tyson offset part of the weakness in its larger beef segment.