Tyson trims annual profit forecast as tight cattle supplies squeeze beef business

Tyson 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. U.S. 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...