Seaboard Corp (NYSE: SEB) is a diversified agribusiness and transportation company that operates across agricultural, energy, and ocean transport businesses worldwide. It generates revenue through transactional sales and services across four primary activities: hog production, pork processing, and biofuel production in the United States; commodity trading and grain processing in Africa and South America; cargo shipping services in the U.S., Caribbean, and Central and South America; and electric power generation in the Dominican Republic. Seaboard also holds an equity method investment in Butterball, LLC, a producer and processor of turkey products. Founded in 1918 as a flour brokerage and incorporated in Delaware in 1946, Seaboard has operated under multi-generational family leadership, with approximately 74% of outstanding common stock collectively owned by Seaboard Flour LLC and SFC Preferred, LLC, entities tied to Chairwoman Ellen Bresky and the Bresky family. Each operating segment runs with a decentralized management structure. The fiscal year covered by the most recent 10-K filing ended December 31, 2025 (filed February 12, 2026).

Revenue model

Transactional revenue across multiple segments: pork and biofuel product sales in the U.S., grain processing and commodity trading in international markets, cargo shipping fees in the Caribbean and Americas, and electric power sales in the Dominican Republic. Additional income flows from an equity method investment in Butterball, LLC.

Products and services

Pork products from hog production and processing; biofuel production; commodity trading and grain processing; cargo shipping services; electric power generation; equity investment in Butterball turkey products.

Customers and end markets

End markets include food consumers and retailers (pork and turkey), agricultural commodity buyers in Africa and South America, cargo shipping customers in the Caribbean and Central and South America, and electric power consumers in the Dominican Republic.

Value-chain role

Vertically integrated producer and processor in pork and biofuel; commodity trader and grain processor in international agricultural markets; cargo carrier in regional ocean shipping; power generator in the Caribbean energy market.

Geographic exposure

United States (pork processing, hog production, biofuel); Africa and South America (commodity trading, grain processing); Caribbean and Central and South America (cargo shipping); Dominican Republic (electric power generation).

Source: SEC 10-K, filed 2026-02-12

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