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Industry News & Trends / Business & Markets / Turkey Production / North America
on February 21, 2019

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…

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