Seaboard’s losses widen on Butterball investment in 2018
Higher logistics and production costs, lower volumes sold lead to 2018 losses
Seaboard Foods, which holds a 50 percent non-controlling interest in Butterball, reported a $16 million loss on its investment in the turkey company for the 2018 fiscal year. As a whole, Seaboard Foods reported a net loss of $17 million for the year.
The Butterball loss compares to a…