We investigate both analytically and numerically the ensemble of minimum-weight loops in the negative-weight percolation model on random graphs with fixed connectivity and bimodal weight distribution. This allows us to study the mean-field behavior of this model. The analytical study is based on a conjectured equivalence with the problem of self-avoiding walks in a random medium. The numerical study is based on a mapping to a standard minimum-weight matching problem for which fast algorithms exist. Both approaches yield results that are in agreement on the location of the phase transition, on the value of critical exponents, and on the absence of any sizable indications of a glass phase. By these results, the previously conjectured upper critical dimension of d(u)=6 is confirmed.