Seaboard Foods said its pork segment reported an operating loss of $2 million in the company's third quarter ending Oct. 3. The company reported sales of $260.6 million for the quarter, according to Meatingplace.com. In the same quarter a year ago, Seaboard reported an operating profit of 1.2 million on $303.6 million in sales.
For nine months ended Oct. 3, the pork segment reported an operating loss of $15.1 million on sales of $793.6 million. Seaboard said increased sales volumes were made possible by the first quarter 2008 expansion of daily capacity at its Guymon processing plant. The company said that lower sales prices for pork products were due to several factors including excess supply in the domestic market, impact of flu-related concerns and world economic challenges.
The company predicted that operating losses will continue for the remainder of 2009.