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Coronavirus / Turkey Husbandry / Industry News & Trends / Business & Markets
on July 30, 2020

COVID-19 challenges led to increased Butterball losses

Seaboard Corporation says it does not expect the turkey company to be profitable in 2020

Seaboard Corporation reported wider losses on its investment in Butterball during the second quarter of fiscal year 2020, citing challenges from the COVID-19 pandemic -- such as a decline in foodservice sales and staffing issues -- as a major factor.

According to the Form 10-Q on the Seaboard Corporation Investor…

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