Tyson Foods cut its fiscal 2026 adjusted operating-income outlook to $1.85 billion-$2.05 billion from $2.1 billion-$2.3 billion and reduced revenue-growth guidance to 1.5%-2.0% from 2.5%-3.5%, its second guidance reduction in roughly a month. Shares fell 7% after the announcement as a severe U.S. cattle shortage, volatile livestock prices and margin compression pressured the beef business. Tyson expects a $625 million-$775 million adjusted operating loss in beef, while raising chicken guidance to $1.85 billion-$1.95 billion and leaving Prepared Foods and International unchanged. The company’s outlook followed its issuance of $1 billion in senior notes in August 2026 and prompted Levi & Korsinsky to review the matter. The Trump administration has sought to lower beef prices by increasing imports, including a temporary tariff waiver for up to 300,000 metric tons of ground beef, though ranchers warned that cheaper imports could weaken domestic cattle prices and discourage herd rebuilding. Tyson is consolidating beef operations through plant closures and a planned sale, with cost relief expected in fiscal 2027.