Tyson Foods lowered its fiscal 2026 adjusted operating income forecast on Monday, as losses in its beef segment worsened amid tight U.S. cattle supplies that have kept livestock costs elevated. The Springdale, Arkansas-based company now expects full-year adjusted operating income of $2.1 billion to $2.3 billion, down from a prior forecast of $2.2 billion to $2.4 billion, the company said. For its beef segment, Tyson now projects an adjusted operating loss of $500 million to $650 million, compared with an earlier forecast of a loss of $350 million to $500 million. In the third quarter ended June 27, the beef segment posted an adjusted operating loss of $138 million, compared with a loss of $116 million a year earlier. For fiscal 2026, Tyson said it expects revenue growth of 2.5% to 3.5% and free cash flow of $1.3 billion to $1.7 billion.