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Tap here. There’s a special flavor of corporate pain reserved for companies whose raw material also moos. Tyson Foods just cut its annual profit forecast primarily because cattle now cost more to buy than steaks and burgers can sell for.
Shares dropped about 3% premarket as investors digested that these new numbers aren’t pretty. Fiscal 2026 adjusted operating income is now guided to $2.1 billion to $2.3 billion, trimmed from $2.2 billion to $2.4 billion. The beef segment alone is expected to lose $500 million to $650 million, a meaningfully uglier hole than the $350 million to $500 million Tyson was bracing for last quarter.