date:May 13, 2013
Operating income of the Commodity Trading and Milling Division of Seaboard Corp. in the first quarter ended March 30 decreased 52% to $12,328,000 from $25,693,000 in the same period a year ago, reflecting lower margins on commodity trading sales to third parties and non-consolidated affiliates, especially on sales of wheat and corn. Excluding mark-to-market adjustments, operating income in the quarter fell to $4,000,000 from $19,400,000.
Division sales totaled $800,754,000, up 11% from $724,538