According to the Seaboard Corporation SEC 10-Q submission, their Butterball LLC subsidiary generated a net profit of $10 million on quarterly sales of $484 million over the third quarter ending September 28, 2024. Comparative values for the corresponding third quarter of FY 2023 ending September 30th were net earnings of $35 million on sales of $534 million. The $50 million decrease in sales value was due to lower prices for comparable products. Lower feed cost in part offset the decline in unit revenue. Third quarter operating income for Butterball declined from $43 million in Q3 2023 to $16 million for the most recently completed quarter.
Seaboard Corporation owns 52.5 percent of the equity in Butterball LLC.