In Seaboard Corp’s third-quarter 2024 report, the company disclosed a loss of $149 million, equating to a loss of $153.44 per share. Seaboard, which is heavily involved in pork production and processing, reported total revenue of $2.22 billion for the quarter.
This loss reflects challenges in the pork sector, which likely include high input costs and fluctuations in pork prices. Seaboard Foods, a key division within Seaboard Corp, manages pork production and processing operations, which contribute significantly to its revenue and are essential to its overall portfolio alongside ocean transportation.
For further details, the company’s financial filings, including the Quarterly Report on Form 10-Q, provide more insights into specific segment performance and market conditions affecting the pork industry.
