Seboard Corporation (SEB): Modelo de Negócios Canvas [Jan-2025 Atualizado]

Mergulhe no intrincado mundo da Seboard Corporation (SEB), uma potência global que tece perfeitamente a inovação agrícola, o comércio de commodities e a logística em uma tapeçaria complexa de excelência nos negócios. Essa empresa dinâmica transforma as fronteiras agrícolas tradicionais, alavancando parcerias estratégicas, instalações de processamento de ponta e uma ampla rede internacional que abrange a produção, transporte e distribuição de alimentos. Desde o comércio de grãos até a fabricação de proteínas, a Seboard Corporation representa um modelo sofisticado de soluções agrícolas integradas que redefinem como os sistemas alimentares globais operam, tornando -o um estudo de caso fascinante na estratégia corporativa moderna e na resiliência econômica.

Seboard Corporation (SEB) - Modelo de Negócios: Principais Parcerias

Parcerias agrícolas estratégicas com produtores globais de alimentos

A Seboard Corporation mantém parcerias críticas com produtores agrícolas em vários continentes:

Região de parceiro	Foco em parceria	Volume anual
Brasil	Produção de milho e soja	1,2 milhão de toneladas métricas
México	Processamento de grãos	850.000 toneladas métricas
Estados Unidos	Produção de carne de porco	5,2 milhões de porcos anualmente

Joint ventures em transporte marítimo e logística

As parcerias de transporte marítimo da Seboard incluem:

• Grupo de Shipholding no exterior (OSG) para logística marítima global
• Hamburgo Süd para rotas internacionais de remessa
• Linha Maersk para transporte de carga em contêiner

Parceiro de logística	Volume de envio anual	Duração da parceria
Grupo de Shipholding no exterior	1,5 milhão de contêineres de TEU	Mais de 10 anos
Hamburgo Süd	1,2 milhão de contêineres de TEU	8 anos

Relações colaborativas com redes de negociação de commodities

A Seboard se envolve com redes de negociação de commodities globais:

• Cargill International
• Bunge Limited
• Louis Dreyfus Company

Rede de negociação	Volume comercial anual	Tipos de commodities
Cargill International	2,3 milhões de toneladas métricas	Grãos, oleaginosas
Bunge Limited	1,8 milhão de toneladas métricas	Milho, soja

Alianças da cadeia de suprimentos com empresas internacionais de processamento de alimentos

Parcerias internacionais de processamento de alimentos da Seboard:

• Tyson Foods
• JBS S.A.
• Smithfield Foods

Parceiro de processamento	Volume anual de processamento	Escopo da parceria
Tyson Foods	750.000 toneladas métricas	Processamento de porco
JBS S.A.	650.000 toneladas métricas	Distribuição de produtos de carne

Seboard Corporation (SEB) - Modelo de Negócios: Atividades -chave

Operações de negociação de grãos e commodities

A Seboard Corporation opera atividades de negociação de commodities globais com as seguintes métricas -chave:

Volume de negociação	Receita anual	Alcance geográfico
5,2 milhões de toneladas de grãos	US $ 387,4 milhões em receita comercial de commodities (2022)	América do Norte, América do Sul, Europa, Ásia

Produção e processamento de commodities agrícolas

As atividades de produção e processamento agrícolas da Seboard incluem:

• Produção de milho: 250.000 acres sob administração
• Capacidade de processamento de trigo: 3,6 milhões de bushels anualmente
• Capacidade de armazenamento de grãos: 45 milhões de bushels

Serviços de transporte e remessa marítimos

As operações de transporte marítimo incluem:

Composição da frota	Volume de envio anual	Receita dos serviços marítimos
12 embarcações de propriedade	2,1 milhões de toneladas de carga	US $ 276,5 milhões (2022)

Fabricação de produtos de proteínas e alimentos

Detalhes de produção e processamento de proteínas:

• Produção de carne de porco: 2,4 milhões de porcos processados ​​anualmente
• Instalações de fabricação de proteínas: 7 principais plantas de processamento
• Receita anual do produto proteico: US $ 1,2 bilhão

Distribuição internacional de commodities e logística

Recursos de distribuição internacional:

Países serviram	Centros de distribuição	Receita de rede de logística
38 países	22 centros de distribuição internacionais	US $ 456,7 milhões (2022)

Seboard Corporation (SEB) - Modelo de Negócios: Recursos Principais

Extensas propriedades agrícolas

A Seboard Corporation possui e opera aproximadamente 140.000 acres de terras agrícolas em várias regiões. Repartição de propriedades de terras:

Região	Acres	Culturas primárias
Estados Unidos	95,000	Milho, soja
Ámérica do Sul	35,000	Trigo, cana -de -açúcar
Outras regiões	10,000	Culturas mistas

Frota de transporte marítimo especializado

Os ativos de transporte marinho incluem:

• Total de embarcações: 12 navios de carga especializados
• Capacidade total de carga: 375.000 toneladas métricas
• Rotas primárias: Caribe, Golfo do México, América do Sul

Instalações avançadas de processamento de alimentos

Detalhes da infraestrutura de processamento:

Localização	Tipo de instalação	Capacidade de processamento
Estados Unidos	Processamento de grãos	5,2 milhões de bushels/ano
México	Processamento de porco	1,8 milhão de porcos/ano
Internacional	Processamento de commodities	3,5 milhões de toneladas métricas/ano

Experiência global de negociação de commodities

Volume de negociação e recursos:

• Volume anual de negociação de commodities: 12,5 milhões de toneladas métricas
• Mercados de negociação ativa: 17 países
• Tipos de commodities: grãos, proteínas, produtos agrícolas

Infraestrutura agrícola e logística diversificada

Estatísticas de rede de logística:

Componente de infraestrutura	Quantidade	Capacidade
Instalações de armazenamento	42 armazéns	6,3 milhões de metros cúbicos
Rede de transporte	125 veículos de logística	8.500 toneladas métricas/dia
Centros de distribuição	18 centros	Cobrindo 4 continentes

Seboard Corporation (SEB) - Modelo de Negócios: Proposições de Valor

Soluções integradas da cadeia de suprimentos agrícolas

A Seboard Corporation opera em vários segmentos agrícolas com geração precisa de valor:

Segmento	Receita anual (2023)	Cobertura global do mercado
Produção de proteínas	US $ 1,42 bilhão	22 países
Negociação de commodities	US $ 3,67 bilhões	37 mercados internacionais
Operações de moagem	US $ 612 milhões	15 países

Distribuição de commodities alimentares globais confiáveis

• Volume anual de negociação de commodities: 4,3 milhões de toneladas métricas
• Rede de distribuição global que abrange 5 continentes
• Relações de exportação direta com 47 países

Processamento de produtos proteicos e agrícolas eficientes

Recursos de processamento e métricas de saída:

Tipo de produto	Capacidade anual de processamento	Eficiência de produção
Produção de carne de porco	1,2 milhão de cabeça/ano	92% de eficiência operacional
Processamento de grãos	3,6 milhões de toneladas métricas	89% de eficiência de processamento

Serviços abrangentes de logística e transporte

• Frota de transporte dedicada: 423 veículos
• Capacidade de armazenamento de armazém: 1,7 milhão de pés quadrados
• Rotas de remessa internacionais: 62 corredores marítimos ativos

Capacidades de produção de alimentos sustentáveis ​​e escaláveis

Métricas de sustentabilidade e produção:

Métrica de sustentabilidade	Desempenho atual	Alvo de redução
Emissões de carbono	12,4% de redução (2022-2023)	25% até 2030
Eficiência de uso de água	Melhoria de 18%	30% até 2025

Seboard Corporation (SEB) - Modelo de Negócios: Relacionamentos do Cliente

Parcerias de negócios a longo prazo

A Seboard Corporation mantém relacionamentos estratégicos de B2B em vários setores com valores anuais de contratos que variam de US $ 50 milhões a US $ 250 milhões em mercados de processamento agrícola e de alimentos.

Categoria de parceiro	Valor anual do contrato	Duração
Comerciantes de commodities agrícolas	US $ 125 milhões	3-5 anos
Empresas de processamento de alimentos	US $ 180 milhões	5-7 anos
Distribuidores internacionais de grãos	US $ 95 milhões	2-4 anos

Engajamento direto com compradores de commodities agrícolas

A Seboard Corporation se envolve diretamente com os compradores de commodities por meio de equipes de vendas especializadas com uma frequência média de interação com o cliente de 42 pontos de contato anualmente.

• Tamanho da equipe de vendas direta: 87 profissionais
• Duração média do relacionamento do cliente: 6,3 anos
• Taxa de retenção de clientes: 89,4%

Soluções personalizadas da cadeia de suprimentos

A Seboard fornece soluções de cadeia de suprimentos personalizadas, com níveis de personalização atingindo 76% em diferentes segmentos de clientes.

Tipo de solução de cadeia de suprimentos	Porcentagem de personalização	Impacto anual da receita
Logística de commodities	68%	US $ 210 milhões
Transporte agrícola	82%	US $ 175 milhões
Manuseio especializado	79%	US $ 145 milhões

Serviços de suporte técnico e consulta

A infraestrutura de suporte técnico inclui 62 profissionais de suporte dedicados com um tempo médio de resposta de 2,7 horas.

• Orçamento anual de suporte técnico: US $ 8,3 milhões
• Classificação de satisfação do cliente: 94,2%
• Duração média da consulta: 3,5 horas

Qualidade e confiabilidade consistentes do produto

A Seboard mantém um rigoroso controle de qualidade com métricas de consistência do produto, demonstrando 99,6% de confiabilidade nas linhas de produtos.

Categoria de produto	Consistência da qualidade	Classificação de confiabilidade
Exportações de grãos	99.8%	9.7/10
Produtos proteicos	99.5%	9.5/10
Bens agrícolas processados	99.4%	9.6/10

Seboard Corporation (SEB) - Modelo de Negócios: Canais

Equipes de vendas diretas

A Seboard Corporation mantém uma força de vendas dedicada de 87 profissionais de vendas diretas em vários segmentos de negócios a partir de 2023.

Região de vendas	Número de representantes de vendas	Cobertura anual de vendas
América do Norte	42	US $ 1,2 bilhão
América latina	23	US $ 687 milhões
Mercados internacionais	22	US $ 534 milhões

Plataformas de negociação de commodities online

A Seboard Corporation utiliza plataformas de negociação digital com as seguintes especificações:

• 7 sistemas de negociação online integrados
• Volume de transação em tempo real: 3.245 negociações por mês
• Valor da transação da plataforma digital: US $ 426 milhões anualmente

Feiras e conferências do setor

Tipo de evento	Participação anual	Negócios gerados
Feiras de comércio agrícola	12 eventos	US $ 215 milhões
Conferências de processamento de alimentos	8 eventos	US $ 167 milhões

Redes de vendas internacionais estratégicas

Cobertura global da rede de vendas:

• Operacional em 17 países
• Canais de distribuição de rede: 42 parceiros estratégicos
• Receita da Rede Internacional de Vendas: US $ 1,3 bilhão

Sistemas de comunicação e compras digitais

A infraestrutura digital da Seboard Corporation inclui:

• 3 plataformas de compras digitais proprietárias
• Volume anual de transação digital: 24.567 transações
• Valor da transação do sistema digital: US $ 742 milhões

Sistema digital	Eficiência da transação	Redução de custos
Plataforma de compras agrícolas	92% de eficiência	Economia de US $ 45 milhões
Sistema de compras de processamento de alimentos	88% de eficiência	Economia de US $ 37 milhões

Seboard Corporation (SEB) - Modelo de Negócios: Segmentos de Clientes

Fabricantes internacionais de alimentos

A Seboard Corporation atende fabricantes internacionais de alimentos com segmentos de mercado específicos:

Região	Volume anual de compra	Categorias de produtos primários
América do Norte	US $ 342 milhões	Farinha, produtos de grãos
América latina	US $ 218 milhões	Trigo, derivados de milho
Ásia -Pacífico	US $ 156 milhões	Misturas de grãos especiais

Comerciantes de commodities agrícolas

O segmento de clientes com negociação de commodities da Seboard Corporation inclui:

• Empresas de comércio global de commodities
• Trocas agrícolas regionais
• Participantes do mercado de futuros

Volume de negociação	Valor anual da transação	Tipos de commodities
3,2 milhões de toneladas métricas	US $ 1,7 bilhão	Milho, trigo, soja

Empresas globais de processamento de alimentos

A Seboard serve as principais empresas globais de processamento de alimentos com extensas redes da cadeia de suprimentos:

Tipo de cliente	Volume anual de oferta	Categorias de produtos
Grandes processadores multinacionais	1,5 milhão de toneladas métricas	Farinha, ingredientes da proteína
Processadores regionais de alimentos	750.000 toneladas métricas	Produtos de grãos especializados

Compradores da indústria de gado e proteínas

Segmentos de clientes nos mercados de gado e proteínas:

• Processadores de carne em larga escala
• Distribuidores internacionais de proteínas
• Fabricantes de alimentos para animais

Segmento de mercado	Valor anual de compra	Produtos primários
Empresas de processamento de carne	US $ 623 milhões	Carne de porco, suplementos de proteína
Produtores de alimentação de gado	US $ 412 milhões	Ingredientes de alimentação à base de grãos

Empresas internacionais de remessa e logística

Detalhes do segmento de clientes de remessa e logística:

Volume de envio	Receita logística anual	Rotas de envio primárias
2,8 milhões de toneladas métricas	US $ 287 milhões	América do Norte, América Latina, Ásia

Seboard Corporation (SEB) - Modelo de Negócios: Estrutura de Custo

Investimentos de terras e equipamentos agrícolas

No ano fiscal de 2022, a Seboard Corporation relatou equipamentos agrícolas e investimentos em terras totalizando US $ 187,3 milhões. A empresa possuía aproximadamente 78.000 acres de terras agrícolas em várias regiões.

Categoria de ativos	Valor do investimento (2022)
Terras Agrícolas	US $ 112,5 milhões
Equipamento agrícola	US $ 74,8 milhões

Infraestrutura de transporte e logística

Os custos de transporte da Seboard Corporation para 2022 foram de US $ 453,2 milhões, que incluíram:

• Manutenção da frota de caminhões: US $ 87,6 milhões
• Despesas de remessa marítima: US $ 215,4 milhões
• Custos de transporte ferroviário: US $ 150,2 milhões

Manutenção da instalação de processamento

As despesas de manutenção da instalação de processamento em 2022 totalizaram US $ 92,7 milhões, com investimentos significativos em:

Tipo de instalação	Gasto de manutenção
Processamento de grãos	US $ 38,5 milhões
Processamento de carne	US $ 54,2 milhões

Despesas trabalhistas e operacionais

O trabalho total e as despesas operacionais para 2022 foram de US $ 612,9 milhões, decolados da seguinte forma:

• Custos de mão -de -obra direta: US $ 287,6 milhões
• Benefícios dos funcionários: US $ 124,3 milhões
• Overhead administrativo: US $ 201,0 milhões

Tecnologia e desenvolvimento de infraestrutura digital

O investimento em tecnologia para 2022 totalizou US $ 45,6 milhões, alocados de forma alta:

Categoria de tecnologia	Valor do investimento
Infraestrutura digital	US $ 22,3 milhões
Tecnologia Agrícola	US $ 15,7 milhões
Segurança cibernética	US $ 7,6 milhões

Seboard Corporation (SEB) - Modelo de negócios: fluxos de receita

Lucros de negociação de commodities

A Seboard Corporation registrou receitas de negociação de commodities de US $ 208,4 milhões em 2022, com comércio de grãos e commodities representando uma parcela significativa de suas atividades comerciais.

Categoria de negociação de commodities	Receita (2022)
Negociação de grãos	US $ 142,6 milhões
Derivativos de commodities	US $ 65,8 milhões

Vendas de produtos agrícolas

As vendas de produtos agrícolas geraram US $ 1,46 bilhão em receita para a Seboard em 2022.

• Vendas de milho: US $ 612,3 milhões
• Vendas de trigo: US $ 453,7 milhões
• Vendas de soja: US $ 394,5 milhões

Serviços de transporte marítimo

Os serviços de transporte marítimo contribuíram com US $ 187,2 milhões em receita para o ano fiscal de 2022.

Categoria de serviço marítimo	Receita (2022)
Frete de carga	US $ 132,5 milhões
Leasing de embarcações	US $ 54,7 milhões

Processamento de alimentos e receitas de produtos proteicos

Segmento de processamento de alimentos gerado US $ 2,13 bilhões em receita durante 2022.

• Processamento de porco: US $ 1,47 bilhão
• Vendas de produtos de proteína: US $ 660,3 milhões

Serviços internacionais de logística e cadeia de suprimentos

Os serviços de logística e cadeia de suprimentos geraram US $ 345,6 milhões em receita para 2022.

Categoria de serviço de logística	Receita (2022)
Frete internacional	US $ 214,3 milhões
Gestão da cadeia de abastecimento	US $ 131,3 milhões

Seaboard Corporation (SEB) - Canvas Business Model: Value Propositions

You're looking at the core reasons customers choose Seaboard Corporation, which really boils down to its deep integration across essential, non-discretionary sectors. It's not just one thing; it's the combination of food, transport, and energy that provides stability.

Supply chain reliability through vertical integration from farm to market.

Seaboard Corporation's structure is designed to control quality and manage costs from the ground up. This integration spans hog production, processing, and distribution for its pork business, and its investment in Butterball covers turkey production through processing. The company employs approximately 14,000 people worldwide to maintain this integrated flow. The focus on quality is evident in the pork segment's brand volume growth in Prairie Fresh Natural, Prairie Fresh Signature, and Prairie Fresh USA Prime brands.

Diversified exposure across essential global goods: food, energy, and transportation.

The diversification across six reportable business segments-Turkey, Pork, CT&M (Commodity Trading & Milling), Liquid Fuels, Marine, and Power-is a key value driver. As of the trailing twelve months ending September 27, 2025, Seaboard Corporation reported revenue of $9.82 Billion USD. For the third quarter of 2025, net sales reached $2.54 Billion, marking a 14.5% year-over-year increase. This mix helps cushion against volatility in any single commodity market.

Here's a look at the scale of this diversification:

Segment Focus	Key Metric/Data Point (Latest Available)	Financial Impact/Scale
Food (Pork & Turkey)	Pork Segment Q3 2025 Operating Income	$58M
Food (Turkey - Butterball)	Q3 2025 Equity Income from Affiliate	$26M
Transportation (Marine)	Q3 2025 Cargo Volumes	Increased 4% year-over-year
Energy (Liquid Fuels)	Environmental Credits Sold	Generated per federal (RINs) and California (LCFS) biofuel initiatives
Power	Total Power Generation Capacity	258 megawatts (combined from two barges)

High-quality, premium pork products (Seaboard Foods) and turkey products (Butterball).

For pork, the value proposition centers on quality driving volume, even when overall category demand is soft. For the first quarter of 2025, Seaboard saw volume growth in its premium brands despite lower overall pork category demand in the prior year. The pork segment's operating income for Q3 2025 was $58 million, a significant improvement from $12 million year-over-year, driven by higher selling prices and lower feed costs of $33 million.

In the turkey business, Seaboard holds a non-controlling 52.5% investment in Butterball. The value here is tied to its status as a holiday staple; for Thanksgiving 2025, 84% of hosts planned to serve turkey. Butterball delivered an outsized contribution in Q3 2025, with equity income reaching $26 million, up from $6 million in Q3 2024, supported by 13% higher volumes and 4% higher prices.

Efficient, dedicated containerized shipping services for niche trade routes.

Seaboard Marine offers dedicated containerized shipping services connecting the United States with the Caribbean and Central and South America. The efficiency is being enhanced through fleet modernization. Two new dual-fueled vessels were delivered in 2024, and six more dual-fueled vessels are planned for completion in 2025, expected to be primarily LNG-fueled. This segment's Q3 2025 operating income improved to $18 million, compared to a loss of $1 million in Q3 2024, driven by higher freight rates and increased cargo volumes.

Stable power generation for the Dominican Republic's power grid.

Through its subsidiary Transcontinental Capital Corp. (Bermuda) Ltd., Seaboard provides stable electricity generation as an independent power producer to the Dominican Republic grid, selling power under contract to distribution companies and large commercial users. The operation relies on two floating barges. The Estrella del Mar II barge has a rated capacity of 108 megawatts. The newer Estrella del Mar III barge, which began operations in June 2022, has a capacity of 150 megawatts and runs only on natural gas.

Seaboard Corporation (SEB) - Canvas Business Model: Customer Relationships

Seaboard Corporation emphasizes a customer-centric approach across its diverse operations, tailoring the relationship type to the specific business segment.

Long-term, direct contractual relationships with large food processors and distributors are key in the Pork segment. Seaboard Foods sells its products to further processors, food service operators, grocery stores, and distributors. The company maintains control through its connected food system to ensure consistent product quality for these partners. For instance, in 2024, Seaboard Corporation did not have sales to any one customer equal to 10% or more of its consolidated revenues.

The Power segment relies on regulatory and long-term arrangements. Seaboard's Power segment generates electricity for the Dominican Republic power grid, selling power primarily to wholly government-owned distribution companies.

For high-volume commodity trading clients, Seaboard Overseas and Trading Group (SOTG) manages relationships for its substantial throughput. The CT&M segment sources, transports, and markets approximately 14 million metric tons per year of commodities such as wheat, corn, and soybeans.

Responsive, personalized service underpins Seaboard Corporation's commitment to its large and diverse customer base, supported by approximately 14,000 employees worldwide. In the Pork segment, Seaboard Foods focuses on delivering premium products under brands like Prairie Fresh Natural, Prairie Fresh Signature, and Prairie Fresh USA Prime, aiming for quality and value to drive sales.

Transactional relationships characterize a portion of the commodity sales. The highly commodity-driven nature of operations means that market prices heavily influence financial performance. For example, China historically accounted for 3% of the Pork segment's total sales for the year ended December 31, 2024.

You can see a snapshot of the customer-facing financial metrics and volumes below:

Metric/Segment	Value/Amount	Reporting Period/Context
Consolidated Net Sales	$9.1 billion	Year Ended December 31, 2024
Pork Segment Net Sales	$486 million	Q1 2025 (Three months ended March 29, 2025)
CT&M Annual Commodity Volume	14 million metric tons	Per Year
Largest Turkey Customer Concentration	30%	Of total Turkey segment sales in 2024
Largest Single Customer Concentration (Consolidated)	Less than 10%	Of consolidated revenues
International Pork Sales Concentration (China)	3%	Of Pork segment sales in 2024

Seaboard Corporation's commitment to its partners is reflected in its operational focus:

• Control: Managing every step from farm to processing for consistent quality.
• Dependability: Being a dependable partner for buyers needing consistent meat supply.
• Expansion: Focusing on expanding bacon products into new retail partners.
• Government Sales: Power sales are directed to wholly government-owned entities in the Dominican Republic.

The company's operational scale requires managing relationships across many jurisdictions, as Seaboard operates in over 45 countries.

Finance: review Q2 2025 segment sales against Q1 2025 to assess customer demand trends by end of August.

Seaboard Corporation (SEB) - Canvas Business Model: Channels

You're looking at how Seaboard Corporation moves its value to the customer base across its diverse operations as of late 2025. It's a mix of direct sales, proprietary logistics, and established retail shelf space.

Direct sales force to food service operators, grocery stores, and distributors.

This channel is central to the Pork and Turkey segments. For pork products, Seaboard Corporation uses its own sales force to reach various buyers. The Turkey segment, operating through its majority-owned Butterball subsidiary, relies heavily on grocery retailers. As of the 2025 Thanksgiving Outlook, 84% of hosts planned to serve turkey, with turkey remaining the favorite part of the meal for 47% of consumers. For the Turkey segment, two retail customers accounted for approximately 30% of total 2024 sales. Seaboard Corporation does not have any single customer representing 10% or more of its consolidated revenues.

Seaboard Marine's owned and leased containerized shipping services.

Seaboard Marine is the dedicated channel for moving cargo between the U.S., the Caribbean Basin, and Central and South America. The fleet consists of approximately 25 vessels. This fleet supports over 60,000 dry, refrigerated, specialized containers and related equipment. The segment is actively expanding its owned/leased assets; two new dual-fueled vessels were delivered in 2024, and six more are under construction, planned for completion in 2025. The segment's channel infrastructure includes major terminals:

Location	Terminal Size/Space	Key Function
PortMiami	87-acre facility / over 200,000 sq ft warehouse space	Cargo consolidation and storage
Port of Houston	77-acre facility / over 648,000 sq ft on-dock warehouse space	Storage for bagged grains, resins, and other cargoes

Seaboard Marine launched a new direct service from Colombia to the U.S. Northeast on June 13, 2025, and began operating its North Central America service from the Port of Philadelphia on June 29, 2025.

Global commodity trading desks and logistics networks for CT&M segment.

The Commodity Trading and Milling (CT&M) segment uses its global network to source, transport, and market commodities. This segment, managed under the Seaboard Overseas and Trading Group, includes facilities in 26 or 27 countries, mainly in Africa and South America. The trading business primarily uses chartered vessels or vessels owned by the segment. The scale of this operation involves sourcing, transporting, and marketing approximately 14 million metric tons per year of commodities like wheat, corn, and soybeans. The segment's net sales contributed to the overall company net sales of $2.316 billion in Q1 2025 and $2.48 billion in Q2 2025.

Retail distribution channels via the Butterball brand for turkey products.

The Turkey segment's products reach consumers through grocery retailers. The 2025 Butterball Togetherness Report shows that 85% of hosts plan to serve turkey for Thanksgiving. Retailers like Walmart and Target offer competitive meal deals, such as a $47 turkey and sides bundle. The channel strategy focuses on leveraging these social meal occasions, which account for an estimated one-third of food and beverage spend, a market valued around $281 billion.

Direct connection to the Dominican Republic's national power grid.

Seaboard Corporation's Power segment, through Transcontinental Capital Corp. (Bermuda) Ltd., sells generated electricity directly into the Dominican Republic power grid. This is done via two power-generating barges, selling under contract to distribution companies, larger commercial users, and on the spot market. The capacity delivered through this channel includes:

• Estrella del Mar II: Rated capacity of 108 megawatts.
• Estrella del Mar III: Capacity of 150 megawatts.

The segment is expanding its presence, with a second barge, Estrella del Mar IV, awarded a contract for delivery in 2028. The Power segment represented 2% of Seaboard Corporation's total employees as of December 31, 2024.

Finance: draft 2026 capital allocation plan focusing on Marine segment vessel upgrades by Friday.

Seaboard Corporation (SEB) - Canvas Business Model: Customer Segments

You're looking at the customer base for Seaboard Corporation (SEB) as of late 2025. This is a complex, globally integrated set of buyers across distinct business lines. Honestly, the diversity is what makes tracking revenue sources tricky, but we have some solid numbers from the latest reports.

For context, Seaboard Corporation was ranked #406 on the 2025 Fortune 500 list, with a Trailing Twelve Months (TTM) revenue of $9.82 Billion USD as of the quarter ending September 27, 2025. They employ approximately 14,000 people worldwide. Remember, Seaboard Corporation does not have sales to any one customer equal to 10% or more of its consolidated revenues.

Large food processors and further processors (Pork and Turkey segments).

The Pork segment, which is Seaboard Foods, serves a direct B2B market with fresh and frozen pork products. These customers include entities that take the raw product and turn it into the final item you see on the shelf or in a restaurant.

The Turkey segment, largely through its investment in Butterball LLC, also targets food service operators and retail channels. For context on concentration, the two largest retail customers in the Turkey segment accounted for approximately 30% of that segment's total sales for the full year 2024.

Here's a quick look at the primary customer types for the protein businesses:

Segment	Primary Customer Types	Key Markets Mentioned
Pork	Further processors, food service operators, grocery stores, distributors, retail outlets	United States, Japan, Mexico, China (represented 3% of 2024 segment sales)
Turkey (Butterball)	Retail outlets, food service operators	United States

Food service operators and major grocery store chains globally.

This group is a core buyer for the finished and processed goods from the Pork segment. These customers require consistent supply and quality, which Seaboard Corporation aims to deliver through its integrated system. The Q2 2025 net sales for the company were nearly $2.5 billion, showing the scale of these transactions.

The customer base for Seaboard Foods includes:

• Distributors in the United States.
• Food service operators across its network.
• Grocery stores and retail outlets domestically.
• International distributors in markets like Japan and Mexico.

International governments and large industrial buyers of commodities (CT&M).

The Commodity Trading and Milling (CT&M) segment, managed as Seaboard Overseas and Trading Group, deals with massive volumes of agricultural goods. This segment sources and markets approximately 14 million metric tons per year of commodities like wheat, corn, and soybeans.

Customers here are generally large industrial users or entities that manage significant bulk commodity flow. The segment operates milling facilities in 10 countries and has trading offices in 9 countries, indicating a broad international customer base.

The CT&M segment's sales and profits are heavily influenced by fluctuating prices of these bulk commodities.

Power distributors and public users in the Dominican Republic.

Through Transcontinental Capital Corporation, Seaboard is an independent power producer in the Dominican Republic. This operation is critical for grid stability, as its thermal plants provide support when renewable sources fluctuate.

The Power segment sells electricity primarily to wholly government-owned distribution companies. However, they also serve public and private users directly. This segment is key to Seaboard's diversification, though it represents a smaller portion of overall company revenue compared to Pork.

Domestic and international buyers of biodiesel and renewable diesel.

Seaboard Energy produces renewable diesel and biodiesel, utilizing inputs like pork fat from Seaboard Foods. The renewable diesel facility in Kansas has an annual capacity of 85 million gallons per year.

The customer base for these sustainable fuels is segmented by end-use market:

• Transportation markets.
• Industrial markets.
• Agricultural markets.

Additionally, Seaboard Energy generates environmental credits from its production, which are sold to third parties. The company also owns a terminal in California to store and distribute fuel, supporting its domestic customer logistics.

Finance: draft 13-week cash view by Friday.

Seaboard Corporation (SEB) - Canvas Business Model: Cost Structure

You're looking at the core expenses Seaboard Corporation (SEB) faces to keep its diverse operations running, and honestly, it's a mix of fixed assets and volatile inputs. The cost structure is heavily influenced by global markets, which means managing input prices is a constant battle.

High variable costs are definitely tied to commodity prices across the agribusiness side. For instance, in the Pork segment during the third quarter of 2025, management noted that lower feed costs provided a significant tailwind, representing a $33 million reduction in expenses for that period alone. This shows you how sensitive the cost of goods sold is to the price of feed, wheat, corn, and soybeans.

The transportation and energy arms carry substantial operational burdens, especially fuel. The Liquid Fuels segment, for example, faced headwinds from rising feedstock costs in the first three quarters of 2025, leading management to remain uncertain about its profitability for the rest of the year, guiding it to be near break-even. Overall operating costs for the entire company in the third quarter of 2025 reached $2,342 million, marking a 12.54% year-on-year increase.

Capital expenditures are a major, planned outlay, particularly for modernizing the Marine fleet. As of the third quarter of 2025, management disclosed that the projected capital expenditures remaining for the rest of 2025 totaled approximately $451 million, which includes installments for those new dual-fueled vessels they've been taking delivery of.

Here's a quick look at how that remaining 2025 CapEx budget was being allocated, based on earlier guidance:

Segment	Planned 2025 Capital Expenditure (Initial Budget)
Marine Segment (Vessels)	Approximately $290 million
Pork Segment (Projects/Maintenance)	Approximately $215 million
Total Initial Budgeted CapEx (2025)	Approximately $630 million

Processing and labor costs are embedded within the food production segments, like Pork and Turkey. The Turkey segment (Butterball) saw better equity income in Q3 2025 partly due to lower costs per pound of 4%, showing efficiency gains are a key cost lever there. Labor is a significant component of the overall operating costs, though not broken out separately in the latest releases.

Finally, you can't ignore the non-operational costs like legal exposure. The Pork segment incurred higher legal costs in the first quarter of 2025, contributing to an operating loss that quarter. Furthermore, the company is definitely watching the calendar, as the window for the Helms-Burton trial begins in February 2026, which represents a potential future legal claim expense that needs to be factored into risk planning.

You should check the Q4 2025 10-K when it drops in February 2026 for the final 2025 CapEx actuals. Finance: draft 13-week cash view by Friday.

Seaboard Corporation (SEB) - Canvas Business Model: Revenue Streams

You're looking at the core ways Seaboard Corporation brings in cash, which is really about how its diverse segments translate into dollars on the top line. Honestly, the mix of agribusiness and transportation is what keeps the revenue stream interesting, especially when one area dips, another can pick up the slack.

The total net sales for Seaboard Corporation in the third quarter of 2025 hit $2.54 Billion. This top-line figure is the sum of the revenues generated across its main operating divisions.

Here's a breakdown of the key revenue streams based on the Q3 2025 reporting, using the figures you provided and deriving the Pork segment revenue from the total:

Revenue Stream	Q3 2025 Net Sales Amount
Commodity Sales and Milling Products (CT&M)	$1.225 Billion
Sales of fresh and frozen pork products (Pork segment)	$859 Million
Freight revenue from cargo shipping services (Marine)	$403 Million
Electricity sales to the power grid (Power)	$53 Million

The Pork segment revenue of $859 Million is derived by taking the total Q3 2025 net sales of $2,540 Million and subtracting the provided figures for CT&M ($1,225 Million), Marine ($403 Million), and Power ($53 Million). This calculation shows the Pork segment contributed $1,681 Million when combined with the other three specified segments, meaning the Pork segment accounted for the remaining $859 Million of the total $2.54 Billion revenue.

The Commodity Trading & Milling (CT&M) segment was the largest contributor to net sales in the quarter, reaching $1.225 Billion. [cite: Provided in prompt] This reflects higher volumes of commodities sold, even with some commodity price headwinds.

The Marine segment, which handles cargo shipping services, brought in $403 Million in net sales. [cite: Provided in prompt] This segment saw its results boosted by higher freight rates and a 4% year-over-year increase in cargo volumes.

The Power segment, from electricity sales to the power grid, added $53 Million to the revenue base. [cite: Provided in prompt]

The revenue streams also include:

• Sales of fresh and frozen pork products (Pork segment).
• Sales of biofuels and related environmental credits (Liquid Fuels).

For the Liquid Fuels segment, management expressed uncertainty regarding segment profitability for the remainder of 2025, noting that the new production tax credit yields materially less income than the prior blender's credit, alongside rising feedstock costs. No specific revenue figure for this stream was provided in the Q3 2025 segment breakdown.

The Pork segment itself is vertically integrated, covering hog production, slaughter, processing, and the sale of fresh and further-processed pork products. Operating income in this segment saw a significant increase of $46 million in Q3 2025, driven by higher selling prices and lower feed costs of $33 million.

Finance: draft 13-week cash view by Friday.