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Industry News & Trends / Business & Markets / Coronavirus / Turkey Production / North America
on April 28, 2020

Seaboard reports $7 million loss on Butterball in Q1

Higher prices for turkey products and strong sales mix helped company reduce its losses when compared to first quarter of 2019

Seaboard Foods continues to experience losses on its investment in Butterball, but those losses were not as severe as they were one year ago.

Seaboard, which owns a 50% non-controlling stake in Butterball, the largest turkey company in the United States, reported a loss of about $7 million for…

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