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(1) Interim Financial Statements Basis of Presentation The accompanying unaudited Financial Statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information; therefore, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included using management’s best estimates and judgments where appropriate. These estimates and judgments affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. The estimates and judgments will also affect the reported amounts for certain revenues and expenses during the reporting period. Actual results could differ materially from these estimates and judgments. For further information, refer to the audited Financial Statements and Notes to Financial Statements, which are included in the Company’s Annual Report on Form 10-K for the year ended December 27, 2025 filed with the Securities and Exchange Commission (the “SEC”) on March 10, 2026 (the “2025 Form 10-K”). The results of operations for the interim periods presented are not necessarily indicative of the results for a full fiscal year.

(2) Accounting Policies Accounting for Investment in NBP. USPB’s <span id="xdx_90C_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pip0_dp_c20260627__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--NationalBeefPackingCompanyLlcMember_zjeLuPtCAu75" title="Equity investment ownership percentage">15.0729% investment in NBP is accounted for using the equity method of accounting, as the Company has the ability to exercise significant influence over NBP but does not have financial or operational control. Disaggregation of Income Statement Expenses. In November 2024, the FASB issued authoritative guidance in Accounting Standards update 2024-03 – Disaggregation of Income Statement Expenses to disclose certain additional expense information including, among other items, purchases of inventory, employee compensation, depreciation and intangible asset amortization included within each Consolidated Statement of Operations expense caption. The guidance is effective for annual reporting beginning after December 15, 2026, USPB’s fiscal year 2027, and interim reporting periods within fiscal years beginning after December 15, 2027, our fiscal year 2028. Amendments can be applied using either the prospective or the retrospective approach. We are currently evaluating the impact this guidance will have on disclosures in our consolidated financial statements. Operating losses, diminished cash flows, economic and industry events, pandemics, such as coronavirus disease (COVID-19), and a variety of other factors may result in a decrease in the value of the investment in NBP, which may be other than temporary. Such potential decreases in value, if deemed other than temporary, would cause the Company to record an impairment charge, which may have an impact on the trading values of USPB’s Class A and Class B units. We believe the fair value of our investment in NBP exceeds the carrying value. Cash and Cash Equivalents. The Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents. As of June 27, 2026 and December 27, 2025, the Company’s balance sheet reflected Cash and cash equivalents of $2.1 million and $14.1 million, respectively. The cash is invested in the CoBank, ACB (“CoBank”) overnight investment account. Investments are not deposits and are not insured by the Federal Deposit Insurance Corporation or the Farm Credit System Insurance Corporation. Treasury Securities. Treasury securities held for investment with original maturities greater than three months and remaining maturities less than one year are classified as current assets. The following table sets forth our held-to-maturity treasury securities carrying values and fair values are based on quoted market prices or observable market inputs obtained from third-party pricing services, for the securities purchased in fiscal year 2026, as well as the held-to-maturity treasury securities carrying value and fair value as of December 27, 2025. <table cellpadding="0" cellspacing="0" id="xdx_894_eus-gaap--ScheduleOfCarryingValuesAndEstimatedFairValuesOfDebtInstrumentsTableTextBlock_pn3n3_zCZWahB4whQ1" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 60%; margin-left: 0.5in" summary="xdx: Disclosure - Accounting Policies (Details - Treasury securities)"> <tr style="vertical-align: bottom"> <td>Schedule of treasury securities carrying value and fair value</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fair Value as of June 27, 2026</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">(thousands of dollars)</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Carrying Value</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fair Value</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="width: 26%; text-align: left">United States Treasury</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_989_eus-gaap--AssetBackedSecuritiesAtCarryingValue_iI_pn3n3_c20260627__us-gaap--CashAndCashEquivalentsAxis__us-gaap--USTreasurySecuritiesMember_zcl9tl6tnCW1" style="width: 13%; text-align: right" title="Carrying value of securities">24,997</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_985_eus-gaap--AvailableForSaleSecuritiesDebtSecurities_iI_pn3n3_c20260627__us-gaap--CashAndCashEquivalentsAxis__us-gaap--USTreasurySecuritiesMember_zikve5ziRsI4" style="width: 13%; text-align: right" title="Fair value of securities">24,997</td><td style="width: 1%; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 60%; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fair Value as of December 27, 2025</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">(thousands of dollars)</td></tr> <tr style="vertical-align: bottom"> <td style="width: 26%; text-align: center; padding-bottom: 1pt"> </td><td style="width: 2%; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 13%; font-weight: bold; text-align: center">Carrying Value</td><td style="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="width: 2%; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 13%; font-weight: bold; text-align: center">Fair Value</td><td style="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">United States Treasury</td><td> </td> <td style="text-align: left">$</td><td id="xdx_987_eus-gaap--AssetBackedSecuritiesAtCarryingValue_iI_pn3n3_c20251227__us-gaap--CashAndCashEquivalentsAxis__us-gaap--USTreasurySecuritiesMember_zRRaSFtYiPhc" style="text-align: right" title="Carrying value of securities">24,735</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_98E_eus-gaap--AvailableForSaleSecuritiesDebtSecurities_iI_pn3n3_c20251227__us-gaap--CashAndCashEquivalentsAxis__us-gaap--USTreasurySecuritiesMember_zKADQpr9MRU6" style="text-align: right" title="Fair value of securities">24,735</td><td style="text-align: left"> </td></tr> </table> Certificates of Deposit. Certificates of deposit held for investment with original maturities greater than three months and remaining maturities less than one year are classified as current assets. The following table sets forth a summary of our held-to-maturity certificate of deposits purchased between April and May of 2026 from Edward Jones. There were no certificates of deposit as of December 27, 2025. <table cellpadding="0" cellspacing="0" id="xdx_894_eus-gaap--TimeDepositMaturitiesTableTextBlock_pn3n3_zBTR8m0HZqOd" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 60%; margin-left: 0.5in" summary="xdx: Disclosure - Accounting Policies (Details - Certificates of deposit)"> <tr style="vertical-align: top; text-align: left"> <td style="text-align: center">Schedule of certificate of deposits</td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td colspan="2" style="text-align: center"> </td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: top; text-align: left"> <td colspan="6" style="border-bottom: Black 1pt solid; text-align: center">Certificates of Deposits as of June 27, 2026</td> <td style="padding-bottom: 1pt; text-align: center"> </td></tr> <tr style="vertical-align: top; text-align: left"> <td colspan="6" style="border-bottom: Black 1pt solid; text-align: center">(thousands of dollars)</td> <td style="padding-bottom: 1pt; text-align: center"> </td></tr> <tr style="vertical-align: top; text-align: left"> <td style="border-bottom: Black 1pt solid; text-align: center">Maturity Date Range</td> <td style="padding-bottom: 1pt; text-align: center"> </td> <td style="border-bottom: Black 1pt solid; text-align: center">Interest Rate Range</td> <td style="padding-bottom: 1pt; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Carrying Value</td> <td style="padding-bottom: 1pt; text-align: center"> </td></tr> <tr style="vertical-align: top; text-align: left; background-color: rgb(204,255,255)"> <td style="text-align: center; width: 20%">August-December 2026</td> <td style="width: 2%"> </td> <td style="text-align: center; width: 20%"><span id="xdx_90B_eus-gaap--InvestmentInterestRate_iI_pip0_dp_c20260627__us-gaap--CashAndCashEquivalentsAxis__us-gaap--CertificatesOfDepositMember__srt--RangeAxis__srt--MinimumMember_zcTLMkbwUoe7" title="Interest rate range">3.75%-<span id="xdx_90A_eus-gaap--InvestmentInterestRate_iI_pip0_dp_c20260627__us-gaap--CashAndCashEquivalentsAxis__us-gaap--CertificatesOfDepositMember__srt--RangeAxis__srt--MaximumMember_zIGldNOse5g7" title="Interest rate range">4.30%</td> <td style="width: 2%"> </td> <td style="width: 2%">$</td> <td id="xdx_987_eus-gaap--CertificatesOfDepositAtCarryingValue_iI_c20260627__us-gaap--CashAndCashEquivalentsAxis__us-gaap--CertificatesOfDepositMember_zoCPMimxJCib" style="text-align: right; width: 13%" title="Carrying value">9,993</td> <td style="width: 1%"> </td></tr> </table> Accrued Expenses. The Company accrues for expenses that have been incurred but have not been invoiced. As of June 27, 2026, and December 27, 2025, the Company had $0.1 and $0.1 million accrued respectively, the majority of which relates to accounting expenses. The accrued amount is included in Other accrued expenses and liabilities on the balance sheet. Segment Reporting USPB is not organized by multiple operating segments for the purpose of making operating decisions or assessing performance. USPB’s equity method investment is the operating segment of USPB. Accordingly, USPB has one reportable segment. The remaining activity of USPB relates to the corporate function of the Company. The total amount of investment in equity method investees is disclosed in the Company’s balance sheets above. USPB’s CEO is the Chief Operating Decision Maker (“CODM”) for USPB. As the CODM, he is responsible for managing all of USPB’s operations. The Company’s primary business operation is managing its members’ investment in National Beef. An operating segment is defined as a component of an enterprise for which separate financial information is evaluated regularly by the CODM in deciding how to allocate resources and assess performance. The segment participates in activities and derives income. The CODM assesses performance of the segment based on equity in earnings of National Beef for purposes of allocating resources and evaluating financial performance as presented on the statement of operations. The CODM uses this measure in the annual budgeting and monthly forecasting process and to evaluate income generated from segment assets to distribute cash to unitholders. The accounting policies of the segment are the same as those described in the summary of significant accounting policies. Significant segment expenses regularly provided to the CODM are the financial statement line items of National Beef, as disclosed in the tables below. The operating results and assets of the Company’s reportable segment were as follows (in thousands): <table cellpadding="0" cellspacing="0" id="xdx_89C_eus-gaap--ScheduleOfSegmentReportingInformationBySegmentTextBlock_pn3n3_zbIBmejmGOd4" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Accounting Policies (Details - Segment reporting)"> <tr style="vertical-align: bottom; background-color: White"> <td>Schedule of operating results and assets of reportable segment</td><td> </td> <td style="text-align: left"> </td><td id="xdx_494_20260329__20260627__us-gaap--StatementBusinessSegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember_zDHvyfvoPwM4" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_490_20260329__20260627__us-gaap--StatementBusinessSegmentsAxis__custom--EliminationOfUnconsolidatedAffiliateMember__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember_zotPFOsKam6j" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49E_20260329__20260627__us-gaap--StatementBusinessSegmentsAxis__custom--CorporateAndOtherOfUSPBMember__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember_zXbzM9gK3wZj" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_499_20260329__20260627_zbpXratfDTi1" style="text-align: center"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="15" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">13-weeks ended June 27, 2026</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Equity Method Investment in National Beef Packing Company, LLC and Subsidiaries (1)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Elimination of Unconsolidated Affiliate</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Corporate and Other of USPB</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Consolidated Total of USPB</td></tr> <tr id="xdx_408_eus-gaap--Revenues_d0_zVtgIqYUvU32" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="width: 40%; text-align: left">Net sales</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_985_ecustom--Revenue_pn3n3_c20260329__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zodmGCHdEGZa" style="width: 11%; text-align: right" title="Revenues">3,748,080</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">(3,748,080</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">–</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">–</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--CostOfRevenue_iN_di0_zfxtxA7hsrf2" style="vertical-align: bottom; background-color: White"> <td>Cost of sales</td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eus-gaap--CostOfRevenue_iN_pn3n3_di_c20260329__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_z3w5aLAAmuVj" style="text-align: right" title="Cost of sales">(3,714,652</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,714,652</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_ecustom--SellingGeneralAndAdministrativeExpenses_zrWB3uVYpVK6" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">Selling, general and administrative expenses</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_ecustom--SellingGeneralAndAdministrativeExpenses_pn3n3_c20260329__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_z66GnOSW3d79" style="text-align: right" title="Selling, general and administrative expenses">(14,179</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">14,179</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(656</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(656</td><td style="text-align: left">)</td></tr> <tr id="xdx_405_ecustom--DepreciationAndAmortizations_zf8hkmmJ8CI5" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Depreciation and amortization</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_ecustom--DepreciationAndAmortizations_pn3n3_c20260329__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zks2PxhFixZ6" style="text-align: right" title="Revenues">(45,050</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">45,050</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(4</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(4</td><td style="text-align: left">)</td></tr> <tr id="xdx_401_eus-gaap--InvestmentIncomeInterest_zubpVupRI65c" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">Interest income</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--InvestmentIncomeInterest_pn3n3_c20260329__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zfQDuwHNnKGb" style="text-align: right" title="Interest income">5</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(5</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">238</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">238</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_ecustom--InterestExpensesNonoperating_d0_z73aGMRkozn3" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Interest expense</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_ecustom--InterestExpensesNonoperating_pn3n3_c20260329__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_z1tgOvOlWzB9" style="text-align: right" title="Interest expense">(9,780</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">9,780</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--OtherNonoperatingIncome_d0_zKNCUynTTL7h" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">Other, net</td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--OtherNonoperatingIncome_pn3n3_d0_c20260329__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_z9oh0NPhH91j" style="text-align: right" title="Other, net">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">649</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">649</td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--IncomeTaxExpenseBenefit_d0_znf6Rbwe2tDd" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Income tax expense/(refund)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_987_eus-gaap--IncomeTaxExpenseBenefit_pn3n3_c20260329__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zHaWx6JdWLd" style="border-bottom: Black 1pt solid; text-align: right" title="Income tax expense">(257</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">257</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--ProfitLoss_zcAnMyKoIfp9" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">Net (loss)/income in National Beef</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--ProfitLoss_pn3n3_c20260329__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zjnvnkY2roai" style="text-align: right" title="Net loss in National Beef">(35,318</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">35,318</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">227</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">227</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--IncomeLossFromEquityMethodInvestments_z45EWF7HPMXe" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Equity in loss of National Beef</td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td id="xdx_987_eus-gaap--IncomeLossFromEquityMethodInvestments_pn3n3_c20260329__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zuO8z3Pfmqi9" style="padding-bottom: 1pt; text-align: right" title="Equity in net loss of National Beef">(5,474</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(5,474</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_400_eus-gaap--NetIncomeLoss_zzMaTgqk2KQ1" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Net loss of USPB</td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(5,247</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_401_ecustom--SegmentAssets_z1GzzuevM5Ie" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Total assets</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_984_ecustom--SegmentAssets_pn3n3_c20260329__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zYl4wT5EJVp7" style="border-bottom: Black 2.5pt double; text-align: right" title="Total assets">2,265,105</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left">$</td><td style="padding-bottom: 2.5pt; text-align: right">(2,265,105</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left">$</td><td style="padding-bottom: 2.5pt; text-align: right">206,466</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left">$</td><td style="padding-bottom: 2.5pt; text-align: right">206,466</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr id="xdx_404_ecustom--SegmentLiabilities_iI_z8BP6eCt5cWf" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Total liabilities</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98B_ecustom--SegmentLiabilities_pn3n3_c20260329__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zEw3aA3g5rL4" style="text-align: right" title="Total liabilities">(1,189,632</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,189,632</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(8,613</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(8,613</td><td style="text-align: left">)</td></tr> <tr id="xdx_40B_ecustom--CapitalExpendituresForSegmentAssets_d0_zAPMD7ZvBbY4" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">Capital Expenditures for segment assets</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98E_ecustom--CapitalExpendituresForSegmentAssets_pn3n3_d0_c20260329__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zCKcp2YeYLYb" style="text-align: right" title="Capital Expenditures for segment assets">(26,816</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">26,816</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">–</td><td style="text-align: left"> </td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td id="xdx_F03_zczpu3gRiUxd" style="padding-left: 10pt; text-indent: -0.01pt; width: 3%">(1)</td> <td id="xdx_F18_zVD2KkzqVqyh" style="padding-left: 10pt; text-indent: -0.01pt; width: 97%">Amounts reflect those recorded in National Beef Packing Company, LLC and subsidiaries consolidated financial statements.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_492_20251228__20260627__us-gaap--StatementBusinessSegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember_z3VLWRlodlUc" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_494_20251228__20260627__us-gaap--StatementBusinessSegmentsAxis__custom--EliminationOfUnconsolidatedAffiliateMember__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember_zddyi3b5Hg2a" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_491_20251228__20260627__us-gaap--StatementBusinessSegmentsAxis__custom--CorporateAndOtherOfUSPBMember__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember_zRxDofpJd7Ij" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_497_20251228__20260627_zmh98Ja8TAwh" style="text-align: center"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="15" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">26-weeks ended June 27, 2026</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Equity Method Investment in National Beef Packing Company, LLC and Subsidiaries (1)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Elimination of Unconsolidated Affiliate</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Corporate and Other of USPB</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Consolidated Total of USPB</td></tr> <tr id="xdx_40E_eus-gaap--Revenues_d0_zuZpuPCFTrZb" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="width: 40%; text-align: left">Net sales</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98E_ecustom--Revenue_pn3n3_c20251228__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zWALVUegUTU5" style="width: 11%; text-align: right" title="Revenues">7,239,258</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">(7,239,258</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">–</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">–</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--CostOfRevenue_iN_di0_zcPhPthmQUs7" style="vertical-align: bottom; background-color: White"> <td>Cost of sales</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--CostOfRevenue_iN_pn3n3_di_c20251228__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zFPUQCK5mCR" style="text-align: right" title="Cost of sales">(7,187,919</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7,187,919</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_ecustom--SellingGeneralAndAdministrativeExpenses_zMSCOwpIeSf2" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">Selling, general and administrative expenses</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_ecustom--SellingGeneralAndAdministrativeExpenses_pn3n3_c20251228__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zd1VxuB89FPl" style="text-align: right" title="Selling, general and administrative expenses">(22,293</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">22,293</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,490</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,490</td><td style="text-align: left">)</td></tr> <tr id="xdx_40F_ecustom--DepreciationAndAmortizations_zUWdSXsiwde5" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Depreciation and amortization</td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_ecustom--DepreciationAndAmortizations_pn3n3_c20251228__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zBIDw39ZjuKf" style="text-align: right" title="Revenues">(88,958</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">88,958</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(7</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(7</td><td style="text-align: left">)</td></tr> <tr id="xdx_401_eus-gaap--InvestmentIncomeInterest_z4E6IVr8QWee" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">Interest income</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--InvestmentIncomeInterest_pn3n3_c20251228__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_z7TvcAXBAfjd" style="text-align: right" title="Interest income">74</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(74</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">546</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">546</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_ecustom--InterestExpensesNonoperating_d0_z4XeFZHPtgZ7" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Interest expense</td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_ecustom--InterestExpensesNonoperating_pn3n3_c20251228__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zGFjoZbF5uA3" style="text-align: right" title="Interest expense">(19,257</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">19,257</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--OtherNonoperatingIncome_d0_zgnlbUHIIC6i" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">Other, net</td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--OtherNonoperatingIncome_pn3n3_d0_c20251228__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zjgqkEu6iQk8" style="text-align: right" title="Other, net">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">831</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">831</td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--IncomeTaxExpenseBenefit_d0_zAvhdCJHyPf" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Income tax expense/(refund)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98B_eus-gaap--IncomeTaxExpenseBenefit_pn3n3_c20251228__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_z9crxM4ChqLb" style="border-bottom: Black 1pt solid; text-align: right" title="Income tax expense">(683</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">683</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--ProfitLoss_zJLgrkUgbCxg" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">Net (loss)/income in National Beef</td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--ProfitLoss_pn3n3_c20251228__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zPrfM0Ls28Ed" style="text-align: right" title="Net loss in National Beef">(78,411</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">78,411</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(120</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(120</td><td style="text-align: left">)</td></tr> <tr id="xdx_40D_eus-gaap--IncomeLossFromEquityMethodInvestments_z6aM0e217Ik1" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Equity in loss of National Beef</td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td id="xdx_986_eus-gaap--IncomeLossFromEquityMethodInvestments_pn3n3_c20251228__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zJMqvHnPkrA7" style="padding-bottom: 1pt; text-align: right" title="Equity in net loss of National Beef">(12,120</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(12,120</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_400_eus-gaap--NetIncomeLoss_znPi8KNcy26d" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Net loss of USPB</td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(12,240</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_401_ecustom--SegmentAssets_zevRrRfQOlRe" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Total assets</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_981_ecustom--SegmentAssets_pn3n3_c20251228__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zSYqi10C5G6" style="border-bottom: Black 2.5pt double; text-align: right" title="Total assets">2,265,105</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left">$</td><td style="padding-bottom: 2.5pt; text-align: right">(2,265,105</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left">$</td><td style="padding-bottom: 2.5pt; text-align: right">206,466</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left">$</td><td style="padding-bottom: 2.5pt; text-align: right">206,466</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr id="xdx_404_ecustom--SegmentLiabilities_iI_z2YNjvD9ljid" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Total liabilities</td><td> </td> <td style="text-align: left">$</td><td id="xdx_989_ecustom--SegmentLiabilities_pn3n3_c20251228__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zkxZMVomYgJg" style="text-align: right" title="Total liabilities">(1,189,632</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,189,632</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(8,613</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(8,613</td><td style="text-align: left">)</td></tr> <tr id="xdx_40B_ecustom--CapitalExpendituresForSegmentAssets_d0_zKGkJylBgFp6" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">Capital expenditures for segment assets</td><td> </td> <td style="text-align: left">$</td><td id="xdx_981_ecustom--CapitalExpendituresForSegmentAssets_pn3n3_d0_c20251228__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zQ6apu7n0j5l" style="text-align: right" title="Capital Expenditures for segment assets">(45,820</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">45,820</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">–</td><td style="text-align: left"> </td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td id="xdx_F07_zvG8TY4jqlah" style="padding-left: 10pt; text-indent: -0.01pt; width: 3%">(1)</td> <td id="xdx_F13_zyezuJ5lvTd6" style="padding-left: 10pt; text-indent: -0.01pt; width: 97%">Amounts reflect those recorded in National Beef Packing Company, LLC and subsidiaries consolidated financial statements.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_495_20250330__20250628__us-gaap--StatementBusinessSegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember_zBbinq1yLgif" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_492_20250330__20250628__us-gaap--StatementBusinessSegmentsAxis__custom--EliminationOfUnconsolidatedAffiliateMember__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember_z8fsGDgvzHWi" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49E_20250330__20250628__us-gaap--StatementBusinessSegmentsAxis__custom--CorporateAndOtherOfUSPBMember__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember_zmCpYe1CBxH8" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_491_20250330__20250628_z38QWRs4ZHgh" style="text-align: center"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="15" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">13-weeks ended June 28, 2025</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Equity Method Investment in National Beef Packing Company, LLC and Subsidiaries (1)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Elimination of Unconsolidated Affiliate</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Corporate and Other of USPB</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Consolidated Total of USPB</td></tr> <tr id="xdx_403_eus-gaap--Revenues_d0_zWiTe1uZXqwb" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="width: 40%; text-align: left">Net sales</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98B_ecustom--Revenue_pn3n3_c20250330__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zJvsCrl7aof6" style="width: 11%; text-align: right" title="Revenues">3,263,256</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">(3,263,256</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">–</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">–</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--CostOfRevenue_iN_di0_zy6WcwVHtt3c" style="vertical-align: bottom; background-color: White"> <td>Cost of sales</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--CostOfRevenue_iN_pn3n3_di_c20250330__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zZwdG5g22CZ2" style="text-align: right" title="Cost of sales">(3,216,822</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,216,822</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_ecustom--SellingGeneralAndAdministrativeExpenses_zr5Hkx9LMOGg" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">Selling, general and administrative expenses</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_ecustom--SellingGeneralAndAdministrativeExpenses_pn3n3_c20250330__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zvxRUo7H2L6f" style="text-align: right" title="Selling, general and administrative expenses">(25,501</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">25,501</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(811</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(811</td><td style="text-align: left">)</td></tr> <tr id="xdx_403_ecustom--DepreciationAndAmortizations_z73GYWRPSQGg" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Depreciation and amortization</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_ecustom--DepreciationAndAmortizations_pn3n3_c20250330__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zCfK0pl9Zvi5" style="text-align: right" title="Revenues">(42,707</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">42,707</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(3</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(3</td><td style="text-align: left">)</td></tr> <tr id="xdx_401_eus-gaap--InvestmentIncomeInterest_zko3DHNKN5W8" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">Interest income</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--InvestmentIncomeInterest_pn3n3_c20250330__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zNjK1Xprth96" style="text-align: right" title="Interest income">7</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(7</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">630</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">630</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_ecustom--InterestExpensesNonoperating_d0_zYmSk5ShQOh6" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Interest expense</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_ecustom--InterestExpensesNonoperating_pn3n3_c20250330__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zh6w0FEwwSc7" style="text-align: right" title="Interest expense">(12,855</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">12,855</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--OtherNonoperatingIncome_d0_z04kgIk7Hl0e" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">Other, net</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--OtherNonoperatingIncome_pn3n3_d0_c20250330__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_z5cTFozqAwzi" style="text-align: right" title="Other, net">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">732</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">732</td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--IncomeTaxExpenseBenefit_d0_zCw5D2CWHvTi" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Income tax refund/(refund)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_eus-gaap--IncomeTaxExpenseBenefit_pn3n3_c20250330__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zh2I2sGWCZf4" style="border-bottom: Black 1pt solid; text-align: right" title="Income tax expense">(522</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">522</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--ProfitLoss_z6ZtWIAnLjKh" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">Net (loss)/income in National Beef</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--ProfitLoss_pn3n3_c20250330__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zuh6zFWXxoY8" style="text-align: right" title="Net loss in National Beef">(34,100</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">34,100</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">548</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">548</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--IncomeLossFromEquityMethodInvestments_zRpopSEzV2a" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Equity in net loss of National Beef</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98D_eus-gaap--IncomeLossFromEquityMethodInvestments_pn3n3_c20250330__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_z12QML1vFM64" style="border-bottom: Black 1pt solid; text-align: right" title="Equity in net loss of National Beef">(5,290</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(5,290</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_400_eus-gaap--NetIncomeLoss_zWJzFzt73W72" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Net loss of USPB</td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(4,742</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_407_ecustom--SegmentAssets_zWBxxIEUJqGb" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Total assets</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98A_ecustom--SegmentAssets_pn3n3_c20250330__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zD2liMdqKsTg" style="border-bottom: Black 2.5pt double; text-align: right" title="Total assets">2,327,690</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left">$</td><td style="padding-bottom: 2.5pt; text-align: right">(2,327,690</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left">$</td><td style="padding-bottom: 2.5pt; text-align: right">224,665</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left">$</td><td style="padding-bottom: 2.5pt; text-align: right">224,665</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr id="xdx_404_ecustom--SegmentLiabilities_iI_zGuuJFL6Tkvi" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Total liabilities</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98E_ecustom--SegmentLiabilities_pn3n3_c20250330__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zLRvGrHqhed9" style="text-align: right" title="Total liabilities">(1,347,645</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,347,645</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(10,076</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(10,076</td><td style="text-align: left">)</td></tr> <tr id="xdx_405_ecustom--CapitalExpendituresForSegmentAssets_d0_zf39wmAhi69g" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">Capital expenditures for segment assets</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98E_ecustom--CapitalExpendituresForSegmentAssets_pn3n3_d0_c20250330__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zO2wTlKzwLc9" style="text-align: right" title="Capital Expenditures for segment assets">(20,680</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">20,680</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">–</td><td style="text-align: left"> </td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td id="xdx_F07_zqhoxJNMsvYe" style="padding-left: 10pt; text-indent: -0.01pt; width: 3%">(1)</td> <td id="xdx_F10_zMtv6HJfO9O" style="padding-left: 10pt; text-indent: -0.01pt; width: 97%">Amounts reflect those recorded in National Beef Packing Company, LLC and subsidiaries consolidated financial statements.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_499_20241229__20250628__us-gaap--StatementBusinessSegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember_zrG4vntiEEC5" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_492_20241229__20250628__us-gaap--StatementBusinessSegmentsAxis__custom--EliminationOfUnconsolidatedAffiliateMember__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember_zrC8ErL8qvjl" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_490_20241229__20250628__us-gaap--StatementBusinessSegmentsAxis__custom--CorporateAndOtherOfUSPBMember__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember_zRWUHycpoYW9" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49D_20241229__20250628_zzOVuFUfOqy9" style="text-align: center"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="15" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">26-weeks ended June 28, 2025</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Equity Method Investment in National Beef Packing Company, LLC and Subsidiaries (1)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Elimination of Unconsolidated Affiliate</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Corporate and Other of USPB</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Consolidated Total of USPB</td></tr> <tr id="xdx_40F_eus-gaap--Revenues_d0_zLPWXBGgl0Yg" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="width: 40%; text-align: left">Net sales</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_989_ecustom--Revenue_pn3n3_c20241229__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_z9yWT2EQeTS3" style="width: 11%; text-align: right" title="Revenues">6,529,485</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">(6,529,485</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">–</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">–</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--CostOfRevenue_iN_di0_zng8OkhxMb9f" style="vertical-align: bottom; background-color: White"> <td>Cost of sales</td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eus-gaap--CostOfRevenue_iN_pn3n3_di_c20241229__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_z8y80pxsnyq2" style="text-align: right" title="Cost of sales">(6,466,796</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6,466,796</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_ecustom--SellingGeneralAndAdministrativeExpenses_z4zoIbzWIcv2" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">Selling, general and administrative expenses</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_ecustom--SellingGeneralAndAdministrativeExpenses_pn3n3_c20241229__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zSc8u8Z3dXZh" style="text-align: right" title="Selling, general and administrative expenses">(56,139</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">56,139</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,770</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,770</td><td style="text-align: left">)</td></tr> <tr id="xdx_40D_ecustom--DepreciationAndAmortizations_zBpZ0snv4Oyi" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Depreciation and amortization</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_ecustom--DepreciationAndAmortizations_pn3n3_c20241229__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_z9Hw8uUCfbF2" style="text-align: right" title="Revenues">(84,399</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">84,399</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(7</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(7</td><td style="text-align: left">)</td></tr> <tr id="xdx_401_eus-gaap--InvestmentIncomeInterest_z4zgiaKkdEy5" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">Interest income</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--InvestmentIncomeInterest_pn3n3_c20241229__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zcVT2JuWbSMg" style="text-align: right" title="Interest income">18</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(18</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,237</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,237</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_ecustom--InterestExpensesNonoperating_d0_zAROqjIhQoD3" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Interest expense</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_ecustom--InterestExpensesNonoperating_pn3n3_c20241229__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zdypcxT5bvwe" style="text-align: right" title="Interest expense">(24,396</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">24,396</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--OtherNonoperatingIncome_d0_z0C5Vg4mFzld" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">Other, net</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--OtherNonoperatingIncome_pn3n3_d0_c20241229__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zMf6BI48yGn2" style="text-align: right" title="Other, net">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">767</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">767</td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--IncomeTaxExpenseBenefit_d0_zDtYwfoe8C76" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Income tax refund/(refund)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98F_eus-gaap--IncomeTaxExpenseBenefit_pn3n3_c20241229__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_z7YPR0MEW4g4" style="border-bottom: Black 1pt solid; text-align: right" title="Income tax expense">(1,041</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,041</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--ProfitLoss_zPha8VwWsdM9" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">Net (loss)/income in National Beef</td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--ProfitLoss_pn3n3_c20241229__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zfGrwe5QP35g" style="text-align: right" title="Net loss in National Beef">(101,186</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">101,186</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">227</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">227</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--IncomeLossFromEquityMethodInvestments_zHdZ5PpsETNl" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Equity in loss of National Beef</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_980_eus-gaap--IncomeLossFromEquityMethodInvestments_pn3n3_c20241229__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zH9lK7L93qsg" style="border-bottom: Black 1pt solid; text-align: right" title="Equity in net loss of National Beef">(15,553</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(15,553</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_400_eus-gaap--NetIncomeLoss_z65vy2PxIGU1" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Net loss of USPB</td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(15,326</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_407_ecustom--SegmentAssets_zin9EeWoZdba" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Total assets</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_981_ecustom--SegmentAssets_pn3n3_c20241229__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zj6iPidNB5Nc" style="border-bottom: Black 2.5pt double; text-align: right" title="Total assets">2,327,690</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left">$</td><td style="padding-bottom: 2.5pt; text-align: right">(2,327,690</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left">$</td><td style="padding-bottom: 2.5pt; text-align: right">224,665</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left">$</td><td style="padding-bottom: 2.5pt; text-align: right">224,665</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr id="xdx_404_ecustom--SegmentLiabilities_iI_zibkhDkzQhc" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Total liabilities</td><td> </td> <td style="text-align: left">$</td><td id="xdx_987_ecustom--SegmentLiabilities_pn3n3_c20241229__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zzH89hOSxqQ1" style="text-align: right" title="Total liabilities">(1,347,645</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,347,645</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(10,076</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(10,076</td><td style="text-align: left">)</td></tr> <tr id="xdx_405_ecustom--CapitalExpendituresForSegmentAssets_d0_zbUtDawjBIn4" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">Capital expenditures for segment assets</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98B_ecustom--CapitalExpendituresForSegmentAssets_pn3n3_d0_c20241229__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zJfFnObC5GEb" style="text-align: right" title="Capital Expenditures for segment assets">(33,421</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">33,421</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">–</td><td style="text-align: left"> </td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td id="xdx_F09_zSqobh4dO1s5" style="padding-left: 10pt; text-indent: -0.01pt; width: 3%">(1)</td> <td id="xdx_F17_zleE6Pd2mn9l" style="padding-left: 10pt; text-indent: -0.01pt; width: 97%">Amounts reflect those recorded in National Beef Packing Company, LLC and subsidiaries consolidated financial statements.</td></tr> </table>

Accounting for Investment in NBP. USPB’s <span id="xdx_90C_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pip0_dp_c20260627__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--NationalBeefPackingCompanyLlcMember_zjeLuPtCAu75" title="Equity investment ownership percentage">15.0729% investment in NBP is accounted for using the equity method of accounting, as the Company has the ability to exercise significant influence over NBP but does not have financial or operational control.

0.150729

Disaggregation of Income Statement Expenses. In November 2024, the FASB issued authoritative guidance in Accounting Standards update 2024-03 – Disaggregation of Income Statement Expenses to disclose certain additional expense information including, among other items, purchases of inventory, employee compensation, depreciation and intangible asset amortization included within each Consolidated Statement of Operations expense caption. The guidance is effective for annual reporting beginning after December 15, 2026, USPB’s fiscal year 2027, and interim reporting periods within fiscal years beginning after December 15, 2027, our fiscal year 2028. Amendments can be applied using either the prospective or the retrospective approach. We are currently evaluating the impact this guidance will have on disclosures in our consolidated financial statements. Operating losses, diminished cash flows, economic and industry events, pandemics, such as coronavirus disease (COVID-19), and a variety of other factors may result in a decrease in the value of the investment in NBP, which may be other than temporary. Such potential decreases in value, if deemed other than temporary, would cause the Company to record an impairment charge, which may have an impact on the trading values of USPB’s Class A and Class B units. We believe the fair value of our investment in NBP exceeds the carrying value.

Cash and Cash Equivalents. The Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents. As of June 27, 2026 and December 27, 2025, the Company’s balance sheet reflected Cash and cash equivalents of $2.1 million and $14.1 million, respectively. The cash is invested in the CoBank, ACB (“CoBank”) overnight investment account. Investments are not deposits and are not insured by the Federal Deposit Insurance Corporation or the Farm Credit System Insurance Corporation.

2100000

14100000

Treasury Securities. Treasury securities held for investment with original maturities greater than three months and remaining maturities less than one year are classified as current assets. The following table sets forth our held-to-maturity treasury securities carrying values and fair values are based on quoted market prices or observable market inputs obtained from third-party pricing services, for the securities purchased in fiscal year 2026, as well as the held-to-maturity treasury securities carrying value and fair value as of December 27, 2025. <table cellpadding="0" cellspacing="0" id="xdx_894_eus-gaap--ScheduleOfCarryingValuesAndEstimatedFairValuesOfDebtInstrumentsTableTextBlock_pn3n3_zCZWahB4whQ1" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 60%; margin-left: 0.5in" summary="xdx: Disclosure - Accounting Policies (Details - Treasury securities)"> <tr style="vertical-align: bottom"> <td>Schedule of treasury securities carrying value and fair value</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fair Value as of June 27, 2026</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">(thousands of dollars)</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Carrying Value</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fair Value</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="width: 26%; text-align: left">United States Treasury</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_989_eus-gaap--AssetBackedSecuritiesAtCarryingValue_iI_pn3n3_c20260627__us-gaap--CashAndCashEquivalentsAxis__us-gaap--USTreasurySecuritiesMember_zcl9tl6tnCW1" style="width: 13%; text-align: right" title="Carrying value of securities">24,997</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_985_eus-gaap--AvailableForSaleSecuritiesDebtSecurities_iI_pn3n3_c20260627__us-gaap--CashAndCashEquivalentsAxis__us-gaap--USTreasurySecuritiesMember_zikve5ziRsI4" style="width: 13%; text-align: right" title="Fair value of securities">24,997</td><td style="width: 1%; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 60%; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fair Value as of December 27, 2025</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">(thousands of dollars)</td></tr> <tr style="vertical-align: bottom"> <td style="width: 26%; text-align: center; padding-bottom: 1pt"> </td><td style="width: 2%; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 13%; font-weight: bold; text-align: center">Carrying Value</td><td style="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="width: 2%; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 13%; font-weight: bold; text-align: center">Fair Value</td><td style="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">United States Treasury</td><td> </td> <td style="text-align: left">$</td><td id="xdx_987_eus-gaap--AssetBackedSecuritiesAtCarryingValue_iI_pn3n3_c20251227__us-gaap--CashAndCashEquivalentsAxis__us-gaap--USTreasurySecuritiesMember_zRRaSFtYiPhc" style="text-align: right" title="Carrying value of securities">24,735</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_98E_eus-gaap--AvailableForSaleSecuritiesDebtSecurities_iI_pn3n3_c20251227__us-gaap--CashAndCashEquivalentsAxis__us-gaap--USTreasurySecuritiesMember_zKADQpr9MRU6" style="text-align: right" title="Fair value of securities">24,735</td><td style="text-align: left"> </td></tr> </table>

<table cellpadding="0" cellspacing="0" id="xdx_894_eus-gaap--ScheduleOfCarryingValuesAndEstimatedFairValuesOfDebtInstrumentsTableTextBlock_pn3n3_zCZWahB4whQ1" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 60%; margin-left: 0.5in" summary="xdx: Disclosure - Accounting Policies (Details - Treasury securities)"> <tr style="vertical-align: bottom"> <td>Schedule of treasury securities carrying value and fair value</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fair Value as of June 27, 2026</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">(thousands of dollars)</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Carrying Value</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fair Value</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="width: 26%; text-align: left">United States Treasury</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_989_eus-gaap--AssetBackedSecuritiesAtCarryingValue_iI_pn3n3_c20260627__us-gaap--CashAndCashEquivalentsAxis__us-gaap--USTreasurySecuritiesMember_zcl9tl6tnCW1" style="width: 13%; text-align: right" title="Carrying value of securities">24,997</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_985_eus-gaap--AvailableForSaleSecuritiesDebtSecurities_iI_pn3n3_c20260627__us-gaap--CashAndCashEquivalentsAxis__us-gaap--USTreasurySecuritiesMember_zikve5ziRsI4" style="width: 13%; text-align: right" title="Fair value of securities">24,997</td><td style="width: 1%; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 60%; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fair Value as of December 27, 2025</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">(thousands of dollars)</td></tr> <tr style="vertical-align: bottom"> <td style="width: 26%; text-align: center; padding-bottom: 1pt"> </td><td style="width: 2%; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 13%; font-weight: bold; text-align: center">Carrying Value</td><td style="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="width: 2%; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 13%; font-weight: bold; text-align: center">Fair Value</td><td style="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">United States Treasury</td><td> </td> <td style="text-align: left">$</td><td id="xdx_987_eus-gaap--AssetBackedSecuritiesAtCarryingValue_iI_pn3n3_c20251227__us-gaap--CashAndCashEquivalentsAxis__us-gaap--USTreasurySecuritiesMember_zRRaSFtYiPhc" style="text-align: right" title="Carrying value of securities">24,735</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_98E_eus-gaap--AvailableForSaleSecuritiesDebtSecurities_iI_pn3n3_c20251227__us-gaap--CashAndCashEquivalentsAxis__us-gaap--USTreasurySecuritiesMember_zKADQpr9MRU6" style="text-align: right" title="Fair value of securities">24,735</td><td style="text-align: left"> </td></tr> </table>

24997000

24735000

Certificates of Deposit. Certificates of deposit held for investment with original maturities greater than three months and remaining maturities less than one year are classified as current assets. The following table sets forth a summary of our held-to-maturity certificate of deposits purchased between April and May of 2026 from Edward Jones. There were no certificates of deposit as of December 27, 2025. <table cellpadding="0" cellspacing="0" id="xdx_894_eus-gaap--TimeDepositMaturitiesTableTextBlock_pn3n3_zBTR8m0HZqOd" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 60%; margin-left: 0.5in" summary="xdx: Disclosure - Accounting Policies (Details - Certificates of deposit)"> <tr style="vertical-align: top; text-align: left"> <td style="text-align: center">Schedule of certificate of deposits</td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td colspan="2" style="text-align: center"> </td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: top; text-align: left"> <td colspan="6" style="border-bottom: Black 1pt solid; text-align: center">Certificates of Deposits as of June 27, 2026</td> <td style="padding-bottom: 1pt; text-align: center"> </td></tr> <tr style="vertical-align: top; text-align: left"> <td colspan="6" style="border-bottom: Black 1pt solid; text-align: center">(thousands of dollars)</td> <td style="padding-bottom: 1pt; text-align: center"> </td></tr> <tr style="vertical-align: top; text-align: left"> <td style="border-bottom: Black 1pt solid; text-align: center">Maturity Date Range</td> <td style="padding-bottom: 1pt; text-align: center"> </td> <td style="border-bottom: Black 1pt solid; text-align: center">Interest Rate Range</td> <td style="padding-bottom: 1pt; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Carrying Value</td> <td style="padding-bottom: 1pt; text-align: center"> </td></tr> <tr style="vertical-align: top; text-align: left; background-color: rgb(204,255,255)"> <td style="text-align: center; width: 20%">August-December 2026</td> <td style="width: 2%"> </td> <td style="text-align: center; width: 20%"><span id="xdx_90B_eus-gaap--InvestmentInterestRate_iI_pip0_dp_c20260627__us-gaap--CashAndCashEquivalentsAxis__us-gaap--CertificatesOfDepositMember__srt--RangeAxis__srt--MinimumMember_zcTLMkbwUoe7" title="Interest rate range">3.75%-<span id="xdx_90A_eus-gaap--InvestmentInterestRate_iI_pip0_dp_c20260627__us-gaap--CashAndCashEquivalentsAxis__us-gaap--CertificatesOfDepositMember__srt--RangeAxis__srt--MaximumMember_zIGldNOse5g7" title="Interest rate range">4.30%</td> <td style="width: 2%"> </td> <td style="width: 2%">$</td> <td id="xdx_987_eus-gaap--CertificatesOfDepositAtCarryingValue_iI_c20260627__us-gaap--CashAndCashEquivalentsAxis__us-gaap--CertificatesOfDepositMember_zoCPMimxJCib" style="text-align: right; width: 13%" title="Carrying value">9,993</td> <td style="width: 1%"> </td></tr> </table>

<table cellpadding="0" cellspacing="0" id="xdx_894_eus-gaap--TimeDepositMaturitiesTableTextBlock_pn3n3_zBTR8m0HZqOd" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 60%; margin-left: 0.5in" summary="xdx: Disclosure - Accounting Policies (Details - Certificates of deposit)"> <tr style="vertical-align: top; text-align: left"> <td style="text-align: center">Schedule of certificate of deposits</td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td colspan="2" style="text-align: center"> </td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: top; text-align: left"> <td colspan="6" style="border-bottom: Black 1pt solid; text-align: center">Certificates of Deposits as of June 27, 2026</td> <td style="padding-bottom: 1pt; text-align: center"> </td></tr> <tr style="vertical-align: top; text-align: left"> <td colspan="6" style="border-bottom: Black 1pt solid; text-align: center">(thousands of dollars)</td> <td style="padding-bottom: 1pt; text-align: center"> </td></tr> <tr style="vertical-align: top; text-align: left"> <td style="border-bottom: Black 1pt solid; text-align: center">Maturity Date Range</td> <td style="padding-bottom: 1pt; text-align: center"> </td> <td style="border-bottom: Black 1pt solid; text-align: center">Interest Rate Range</td> <td style="padding-bottom: 1pt; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Carrying Value</td> <td style="padding-bottom: 1pt; text-align: center"> </td></tr> <tr style="vertical-align: top; text-align: left; background-color: rgb(204,255,255)"> <td style="text-align: center; width: 20%">August-December 2026</td> <td style="width: 2%"> </td> <td style="text-align: center; width: 20%"><span id="xdx_90B_eus-gaap--InvestmentInterestRate_iI_pip0_dp_c20260627__us-gaap--CashAndCashEquivalentsAxis__us-gaap--CertificatesOfDepositMember__srt--RangeAxis__srt--MinimumMember_zcTLMkbwUoe7" title="Interest rate range">3.75%-<span id="xdx_90A_eus-gaap--InvestmentInterestRate_iI_pip0_dp_c20260627__us-gaap--CashAndCashEquivalentsAxis__us-gaap--CertificatesOfDepositMember__srt--RangeAxis__srt--MaximumMember_zIGldNOse5g7" title="Interest rate range">4.30%</td> <td style="width: 2%"> </td> <td style="width: 2%">$</td> <td id="xdx_987_eus-gaap--CertificatesOfDepositAtCarryingValue_iI_c20260627__us-gaap--CashAndCashEquivalentsAxis__us-gaap--CertificatesOfDepositMember_zoCPMimxJCib" style="text-align: right; width: 13%" title="Carrying value">9,993</td> <td style="width: 1%"> </td></tr> </table>

August-December 2026

0.0375

0.0430

9993000

Accrued Expenses. The Company accrues for expenses that have been incurred but have not been invoiced. As of June 27, 2026, and December 27, 2025, the Company had $0.1 and $0.1 million accrued respectively, the majority of which relates to accounting expenses. The accrued amount is included in Other accrued expenses and liabilities on the balance sheet. 100000 100000

Segment Reporting USPB is not organized by multiple operating segments for the purpose of making operating decisions or assessing performance. USPB’s equity method investment is the operating segment of USPB. Accordingly, USPB has one reportable segment. The remaining activity of USPB relates to the corporate function of the Company. The total amount of investment in equity method investees is disclosed in the Company’s balance sheets above. USPB’s CEO is the Chief Operating Decision Maker (“CODM”) for USPB. As the CODM, he is responsible for managing all of USPB’s operations. The Company’s primary business operation is managing its members’ investment in National Beef. An operating segment is defined as a component of an enterprise for which separate financial information is evaluated regularly by the CODM in deciding how to allocate resources and assess performance. The segment participates in activities and derives income. The CODM assesses performance of the segment based on equity in earnings of National Beef for purposes of allocating resources and evaluating financial performance as presented on the statement of operations. The CODM uses this measure in the annual budgeting and monthly forecasting process and to evaluate income generated from segment assets to distribute cash to unitholders. The accounting policies of the segment are the same as those described in the summary of significant accounting policies. Significant segment expenses regularly provided to the CODM are the financial statement line items of National Beef, as disclosed in the tables below. The operating results and assets of the Company’s reportable segment were as follows (in thousands): <table cellpadding="0" cellspacing="0" id="xdx_89C_eus-gaap--ScheduleOfSegmentReportingInformationBySegmentTextBlock_pn3n3_zbIBmejmGOd4" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Accounting Policies (Details - Segment reporting)"> <tr style="vertical-align: bottom; background-color: White"> <td>Schedule of operating results and assets of reportable segment</td><td> </td> <td style="text-align: left"> </td><td id="xdx_494_20260329__20260627__us-gaap--StatementBusinessSegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember_zDHvyfvoPwM4" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_490_20260329__20260627__us-gaap--StatementBusinessSegmentsAxis__custom--EliminationOfUnconsolidatedAffiliateMember__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember_zotPFOsKam6j" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49E_20260329__20260627__us-gaap--StatementBusinessSegmentsAxis__custom--CorporateAndOtherOfUSPBMember__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember_zXbzM9gK3wZj" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_499_20260329__20260627_zbpXratfDTi1" style="text-align: center"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="15" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">13-weeks ended June 27, 2026</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Equity Method Investment in National Beef Packing Company, LLC and Subsidiaries (1)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Elimination of Unconsolidated Affiliate</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Corporate and Other of USPB</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Consolidated Total of USPB</td></tr> <tr id="xdx_408_eus-gaap--Revenues_d0_zVtgIqYUvU32" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="width: 40%; text-align: left">Net sales</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_985_ecustom--Revenue_pn3n3_c20260329__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zodmGCHdEGZa" style="width: 11%; text-align: right" title="Revenues">3,748,080</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">(3,748,080</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">–</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">–</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--CostOfRevenue_iN_di0_zfxtxA7hsrf2" style="vertical-align: bottom; background-color: White"> <td>Cost of sales</td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eus-gaap--CostOfRevenue_iN_pn3n3_di_c20260329__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_z3w5aLAAmuVj" style="text-align: right" title="Cost of sales">(3,714,652</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,714,652</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_ecustom--SellingGeneralAndAdministrativeExpenses_zrWB3uVYpVK6" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">Selling, general and administrative expenses</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_ecustom--SellingGeneralAndAdministrativeExpenses_pn3n3_c20260329__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_z66GnOSW3d79" style="text-align: right" title="Selling, general and administrative expenses">(14,179</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">14,179</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(656</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(656</td><td style="text-align: left">)</td></tr> <tr id="xdx_405_ecustom--DepreciationAndAmortizations_zf8hkmmJ8CI5" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Depreciation and amortization</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_ecustom--DepreciationAndAmortizations_pn3n3_c20260329__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zks2PxhFixZ6" style="text-align: right" title="Revenues">(45,050</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">45,050</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(4</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(4</td><td style="text-align: left">)</td></tr> <tr id="xdx_401_eus-gaap--InvestmentIncomeInterest_zubpVupRI65c" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">Interest income</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--InvestmentIncomeInterest_pn3n3_c20260329__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zfQDuwHNnKGb" style="text-align: right" title="Interest income">5</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(5</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">238</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">238</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_ecustom--InterestExpensesNonoperating_d0_z73aGMRkozn3" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Interest expense</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_ecustom--InterestExpensesNonoperating_pn3n3_c20260329__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_z1tgOvOlWzB9" style="text-align: right" title="Interest expense">(9,780</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">9,780</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--OtherNonoperatingIncome_d0_zKNCUynTTL7h" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">Other, net</td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--OtherNonoperatingIncome_pn3n3_d0_c20260329__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_z9oh0NPhH91j" style="text-align: right" title="Other, net">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">649</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">649</td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--IncomeTaxExpenseBenefit_d0_znf6Rbwe2tDd" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Income tax expense/(refund)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_987_eus-gaap--IncomeTaxExpenseBenefit_pn3n3_c20260329__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zHaWx6JdWLd" style="border-bottom: Black 1pt solid; text-align: right" title="Income tax expense">(257</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">257</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--ProfitLoss_zcAnMyKoIfp9" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">Net (loss)/income in National Beef</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--ProfitLoss_pn3n3_c20260329__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zjnvnkY2roai" style="text-align: right" title="Net loss in National Beef">(35,318</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">35,318</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">227</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">227</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--IncomeLossFromEquityMethodInvestments_z45EWF7HPMXe" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Equity in loss of National Beef</td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td id="xdx_987_eus-gaap--IncomeLossFromEquityMethodInvestments_pn3n3_c20260329__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zuO8z3Pfmqi9" style="padding-bottom: 1pt; text-align: right" title="Equity in net loss of National Beef">(5,474</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(5,474</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_400_eus-gaap--NetIncomeLoss_zzMaTgqk2KQ1" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Net loss of USPB</td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(5,247</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_401_ecustom--SegmentAssets_z1GzzuevM5Ie" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Total assets</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_984_ecustom--SegmentAssets_pn3n3_c20260329__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zYl4wT5EJVp7" style="border-bottom: Black 2.5pt double; text-align: right" title="Total assets">2,265,105</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left">$</td><td style="padding-bottom: 2.5pt; text-align: right">(2,265,105</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left">$</td><td style="padding-bottom: 2.5pt; text-align: right">206,466</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left">$</td><td style="padding-bottom: 2.5pt; text-align: right">206,466</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr id="xdx_404_ecustom--SegmentLiabilities_iI_z8BP6eCt5cWf" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Total liabilities</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98B_ecustom--SegmentLiabilities_pn3n3_c20260329__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zEw3aA3g5rL4" style="text-align: right" title="Total liabilities">(1,189,632</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,189,632</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(8,613</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(8,613</td><td style="text-align: left">)</td></tr> <tr id="xdx_40B_ecustom--CapitalExpendituresForSegmentAssets_d0_zAPMD7ZvBbY4" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">Capital Expenditures for segment assets</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98E_ecustom--CapitalExpendituresForSegmentAssets_pn3n3_d0_c20260329__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zCKcp2YeYLYb" style="text-align: right" title="Capital Expenditures for segment assets">(26,816</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">26,816</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">–</td><td style="text-align: left"> </td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td id="xdx_F03_zczpu3gRiUxd" style="padding-left: 10pt; text-indent: -0.01pt; width: 3%">(1)</td> <td id="xdx_F18_zVD2KkzqVqyh" style="padding-left: 10pt; text-indent: -0.01pt; width: 97%">Amounts reflect those recorded in National Beef Packing Company, LLC and subsidiaries consolidated financial statements.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_492_20251228__20260627__us-gaap--StatementBusinessSegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember_z3VLWRlodlUc" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_494_20251228__20260627__us-gaap--StatementBusinessSegmentsAxis__custom--EliminationOfUnconsolidatedAffiliateMember__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember_zddyi3b5Hg2a" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_491_20251228__20260627__us-gaap--StatementBusinessSegmentsAxis__custom--CorporateAndOtherOfUSPBMember__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember_zRxDofpJd7Ij" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_497_20251228__20260627_zmh98Ja8TAwh" style="text-align: center"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="15" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">26-weeks ended June 27, 2026</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Equity Method Investment in National Beef Packing Company, LLC and Subsidiaries (1)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Elimination of Unconsolidated Affiliate</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Corporate and Other of USPB</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Consolidated Total of USPB</td></tr> <tr id="xdx_40E_eus-gaap--Revenues_d0_zuZpuPCFTrZb" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="width: 40%; text-align: left">Net sales</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98E_ecustom--Revenue_pn3n3_c20251228__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zWALVUegUTU5" style="width: 11%; text-align: right" title="Revenues">7,239,258</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">(7,239,258</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">–</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">–</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--CostOfRevenue_iN_di0_zcPhPthmQUs7" style="vertical-align: bottom; background-color: White"> <td>Cost of sales</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--CostOfRevenue_iN_pn3n3_di_c20251228__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zFPUQCK5mCR" style="text-align: right" title="Cost of sales">(7,187,919</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7,187,919</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_ecustom--SellingGeneralAndAdministrativeExpenses_zMSCOwpIeSf2" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">Selling, general and administrative expenses</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_ecustom--SellingGeneralAndAdministrativeExpenses_pn3n3_c20251228__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zd1VxuB89FPl" style="text-align: right" title="Selling, general and administrative expenses">(22,293</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">22,293</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,490</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,490</td><td style="text-align: left">)</td></tr> <tr id="xdx_40F_ecustom--DepreciationAndAmortizations_zUWdSXsiwde5" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Depreciation and amortization</td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_ecustom--DepreciationAndAmortizations_pn3n3_c20251228__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zBIDw39ZjuKf" style="text-align: right" title="Revenues">(88,958</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">88,958</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(7</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(7</td><td style="text-align: left">)</td></tr> <tr id="xdx_401_eus-gaap--InvestmentIncomeInterest_z4E6IVr8QWee" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">Interest income</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--InvestmentIncomeInterest_pn3n3_c20251228__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_z7TvcAXBAfjd" style="text-align: right" title="Interest income">74</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(74</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">546</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">546</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_ecustom--InterestExpensesNonoperating_d0_z4XeFZHPtgZ7" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Interest expense</td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_ecustom--InterestExpensesNonoperating_pn3n3_c20251228__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zGFjoZbF5uA3" style="text-align: right" title="Interest expense">(19,257</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">19,257</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--OtherNonoperatingIncome_d0_zgnlbUHIIC6i" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">Other, net</td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--OtherNonoperatingIncome_pn3n3_d0_c20251228__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zjgqkEu6iQk8" style="text-align: right" title="Other, net">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">831</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">831</td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--IncomeTaxExpenseBenefit_d0_zAvhdCJHyPf" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Income tax expense/(refund)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98B_eus-gaap--IncomeTaxExpenseBenefit_pn3n3_c20251228__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_z9crxM4ChqLb" style="border-bottom: Black 1pt solid; text-align: right" title="Income tax expense">(683</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">683</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--ProfitLoss_zJLgrkUgbCxg" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">Net (loss)/income in National Beef</td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--ProfitLoss_pn3n3_c20251228__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zPrfM0Ls28Ed" style="text-align: right" title="Net loss in National Beef">(78,411</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">78,411</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(120</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(120</td><td style="text-align: left">)</td></tr> <tr id="xdx_40D_eus-gaap--IncomeLossFromEquityMethodInvestments_z6aM0e217Ik1" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Equity in loss of National Beef</td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td id="xdx_986_eus-gaap--IncomeLossFromEquityMethodInvestments_pn3n3_c20251228__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zJMqvHnPkrA7" style="padding-bottom: 1pt; text-align: right" title="Equity in net loss of National Beef">(12,120</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(12,120</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_400_eus-gaap--NetIncomeLoss_znPi8KNcy26d" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Net loss of USPB</td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(12,240</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_401_ecustom--SegmentAssets_zevRrRfQOlRe" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Total assets</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_981_ecustom--SegmentAssets_pn3n3_c20251228__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zSYqi10C5G6" style="border-bottom: Black 2.5pt double; text-align: right" title="Total assets">2,265,105</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left">$</td><td style="padding-bottom: 2.5pt; text-align: right">(2,265,105</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left">$</td><td style="padding-bottom: 2.5pt; text-align: right">206,466</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left">$</td><td style="padding-bottom: 2.5pt; text-align: right">206,466</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr id="xdx_404_ecustom--SegmentLiabilities_iI_z2YNjvD9ljid" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Total liabilities</td><td> </td> <td style="text-align: left">$</td><td id="xdx_989_ecustom--SegmentLiabilities_pn3n3_c20251228__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zkxZMVomYgJg" style="text-align: right" title="Total liabilities">(1,189,632</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,189,632</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(8,613</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(8,613</td><td style="text-align: left">)</td></tr> <tr id="xdx_40B_ecustom--CapitalExpendituresForSegmentAssets_d0_zKGkJylBgFp6" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">Capital expenditures for segment assets</td><td> </td> <td style="text-align: left">$</td><td id="xdx_981_ecustom--CapitalExpendituresForSegmentAssets_pn3n3_d0_c20251228__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zQ6apu7n0j5l" style="text-align: right" title="Capital Expenditures for segment assets">(45,820</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">45,820</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">–</td><td style="text-align: left"> </td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td id="xdx_F07_zvG8TY4jqlah" style="padding-left: 10pt; text-indent: -0.01pt; width: 3%">(1)</td> <td id="xdx_F13_zyezuJ5lvTd6" style="padding-left: 10pt; text-indent: -0.01pt; width: 97%">Amounts reflect those recorded in National Beef Packing Company, LLC and subsidiaries consolidated financial statements.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_495_20250330__20250628__us-gaap--StatementBusinessSegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember_zBbinq1yLgif" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_492_20250330__20250628__us-gaap--StatementBusinessSegmentsAxis__custom--EliminationOfUnconsolidatedAffiliateMember__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember_z8fsGDgvzHWi" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49E_20250330__20250628__us-gaap--StatementBusinessSegmentsAxis__custom--CorporateAndOtherOfUSPBMember__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember_zmCpYe1CBxH8" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_491_20250330__20250628_z38QWRs4ZHgh" style="text-align: center"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="15" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">13-weeks ended June 28, 2025</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Equity Method Investment in National Beef Packing Company, LLC and Subsidiaries (1)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Elimination of Unconsolidated Affiliate</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Corporate and Other of USPB</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Consolidated Total of USPB</td></tr> <tr id="xdx_403_eus-gaap--Revenues_d0_zWiTe1uZXqwb" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="width: 40%; text-align: left">Net sales</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98B_ecustom--Revenue_pn3n3_c20250330__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zJvsCrl7aof6" style="width: 11%; text-align: right" title="Revenues">3,263,256</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">(3,263,256</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">–</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">–</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--CostOfRevenue_iN_di0_zy6WcwVHtt3c" style="vertical-align: bottom; background-color: White"> <td>Cost of sales</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--CostOfRevenue_iN_pn3n3_di_c20250330__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zZwdG5g22CZ2" style="text-align: right" title="Cost of sales">(3,216,822</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,216,822</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_ecustom--SellingGeneralAndAdministrativeExpenses_zr5Hkx9LMOGg" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">Selling, general and administrative expenses</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_ecustom--SellingGeneralAndAdministrativeExpenses_pn3n3_c20250330__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zvxRUo7H2L6f" style="text-align: right" title="Selling, general and administrative expenses">(25,501</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">25,501</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(811</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(811</td><td style="text-align: left">)</td></tr> <tr id="xdx_403_ecustom--DepreciationAndAmortizations_z73GYWRPSQGg" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Depreciation and amortization</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_ecustom--DepreciationAndAmortizations_pn3n3_c20250330__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zCfK0pl9Zvi5" style="text-align: right" title="Revenues">(42,707</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">42,707</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(3</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(3</td><td style="text-align: left">)</td></tr> <tr id="xdx_401_eus-gaap--InvestmentIncomeInterest_zko3DHNKN5W8" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">Interest income</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--InvestmentIncomeInterest_pn3n3_c20250330__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zNjK1Xprth96" style="text-align: right" title="Interest income">7</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(7</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">630</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">630</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_ecustom--InterestExpensesNonoperating_d0_zYmSk5ShQOh6" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Interest expense</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_ecustom--InterestExpensesNonoperating_pn3n3_c20250330__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zh6w0FEwwSc7" style="text-align: right" title="Interest expense">(12,855</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">12,855</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--OtherNonoperatingIncome_d0_z04kgIk7Hl0e" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">Other, net</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--OtherNonoperatingIncome_pn3n3_d0_c20250330__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_z5cTFozqAwzi" style="text-align: right" title="Other, net">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">732</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">732</td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--IncomeTaxExpenseBenefit_d0_zCw5D2CWHvTi" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Income tax refund/(refund)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_eus-gaap--IncomeTaxExpenseBenefit_pn3n3_c20250330__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zh2I2sGWCZf4" style="border-bottom: Black 1pt solid; text-align: right" title="Income tax expense">(522</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">522</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--ProfitLoss_z6ZtWIAnLjKh" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">Net (loss)/income in National Beef</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--ProfitLoss_pn3n3_c20250330__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zuh6zFWXxoY8" style="text-align: right" title="Net loss in National Beef">(34,100</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">34,100</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">548</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">548</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--IncomeLossFromEquityMethodInvestments_zRpopSEzV2a" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Equity in net loss of National Beef</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98D_eus-gaap--IncomeLossFromEquityMethodInvestments_pn3n3_c20250330__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_z12QML1vFM64" style="border-bottom: Black 1pt solid; text-align: right" title="Equity in net loss of National Beef">(5,290</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(5,290</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_400_eus-gaap--NetIncomeLoss_zWJzFzt73W72" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Net loss of USPB</td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(4,742</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_407_ecustom--SegmentAssets_zWBxxIEUJqGb" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Total assets</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98A_ecustom--SegmentAssets_pn3n3_c20250330__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zD2liMdqKsTg" style="border-bottom: Black 2.5pt double; text-align: right" title="Total assets">2,327,690</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left">$</td><td style="padding-bottom: 2.5pt; text-align: right">(2,327,690</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left">$</td><td style="padding-bottom: 2.5pt; text-align: right">224,665</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left">$</td><td style="padding-bottom: 2.5pt; text-align: right">224,665</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr id="xdx_404_ecustom--SegmentLiabilities_iI_zGuuJFL6Tkvi" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Total liabilities</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98E_ecustom--SegmentLiabilities_pn3n3_c20250330__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zLRvGrHqhed9" style="text-align: right" title="Total liabilities">(1,347,645</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,347,645</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(10,076</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(10,076</td><td style="text-align: left">)</td></tr> <tr id="xdx_405_ecustom--CapitalExpendituresForSegmentAssets_d0_zf39wmAhi69g" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">Capital expenditures for segment assets</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98E_ecustom--CapitalExpendituresForSegmentAssets_pn3n3_d0_c20250330__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zO2wTlKzwLc9" style="text-align: right" title="Capital Expenditures for segment assets">(20,680</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">20,680</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">–</td><td style="text-align: left"> </td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td id="xdx_F07_zqhoxJNMsvYe" style="padding-left: 10pt; text-indent: -0.01pt; width: 3%">(1)</td> <td id="xdx_F10_zMtv6HJfO9O" style="padding-left: 10pt; text-indent: -0.01pt; width: 97%">Amounts reflect those recorded in National Beef Packing Company, LLC and subsidiaries consolidated financial statements.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_499_20241229__20250628__us-gaap--StatementBusinessSegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember_zrG4vntiEEC5" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_492_20241229__20250628__us-gaap--StatementBusinessSegmentsAxis__custom--EliminationOfUnconsolidatedAffiliateMember__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember_zrC8ErL8qvjl" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_490_20241229__20250628__us-gaap--StatementBusinessSegmentsAxis__custom--CorporateAndOtherOfUSPBMember__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember_zRWUHycpoYW9" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49D_20241229__20250628_zzOVuFUfOqy9" style="text-align: center"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="15" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">26-weeks ended June 28, 2025</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Equity Method Investment in National Beef Packing Company, LLC and Subsidiaries (1)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Elimination of Unconsolidated Affiliate</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Corporate and Other of USPB</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Consolidated Total of USPB</td></tr> <tr id="xdx_40F_eus-gaap--Revenues_d0_zLPWXBGgl0Yg" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="width: 40%; text-align: left">Net sales</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_989_ecustom--Revenue_pn3n3_c20241229__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_z9yWT2EQeTS3" style="width: 11%; text-align: right" title="Revenues">6,529,485</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">(6,529,485</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">–</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">–</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--CostOfRevenue_iN_di0_zng8OkhxMb9f" style="vertical-align: bottom; background-color: White"> <td>Cost of sales</td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eus-gaap--CostOfRevenue_iN_pn3n3_di_c20241229__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_z8y80pxsnyq2" style="text-align: right" title="Cost of sales">(6,466,796</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6,466,796</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_ecustom--SellingGeneralAndAdministrativeExpenses_z4zoIbzWIcv2" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">Selling, general and administrative expenses</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_ecustom--SellingGeneralAndAdministrativeExpenses_pn3n3_c20241229__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zSc8u8Z3dXZh" style="text-align: right" title="Selling, general and administrative expenses">(56,139</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">56,139</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,770</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,770</td><td style="text-align: left">)</td></tr> <tr id="xdx_40D_ecustom--DepreciationAndAmortizations_zBpZ0snv4Oyi" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Depreciation and amortization</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_ecustom--DepreciationAndAmortizations_pn3n3_c20241229__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_z9Hw8uUCfbF2" style="text-align: right" title="Revenues">(84,399</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">84,399</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(7</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(7</td><td style="text-align: left">)</td></tr> <tr id="xdx_401_eus-gaap--InvestmentIncomeInterest_z4zgiaKkdEy5" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">Interest income</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--InvestmentIncomeInterest_pn3n3_c20241229__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zcVT2JuWbSMg" style="text-align: right" title="Interest income">18</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(18</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,237</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,237</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_ecustom--InterestExpensesNonoperating_d0_zAROqjIhQoD3" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Interest expense</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_ecustom--InterestExpensesNonoperating_pn3n3_c20241229__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zdypcxT5bvwe" style="text-align: right" title="Interest expense">(24,396</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">24,396</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--OtherNonoperatingIncome_d0_z0C5Vg4mFzld" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">Other, net</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--OtherNonoperatingIncome_pn3n3_d0_c20241229__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zMf6BI48yGn2" style="text-align: right" title="Other, net">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">767</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">767</td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--IncomeTaxExpenseBenefit_d0_zDtYwfoe8C76" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Income tax refund/(refund)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98F_eus-gaap--IncomeTaxExpenseBenefit_pn3n3_c20241229__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_z7YPR0MEW4g4" style="border-bottom: Black 1pt solid; text-align: right" title="Income tax expense">(1,041</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,041</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--ProfitLoss_zPha8VwWsdM9" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">Net (loss)/income in National Beef</td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--ProfitLoss_pn3n3_c20241229__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zfGrwe5QP35g" style="text-align: right" title="Net loss in National Beef">(101,186</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">101,186</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">227</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">227</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--IncomeLossFromEquityMethodInvestments_zHdZ5PpsETNl" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Equity in loss of National Beef</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_980_eus-gaap--IncomeLossFromEquityMethodInvestments_pn3n3_c20241229__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zH9lK7L93qsg" style="border-bottom: Black 1pt solid; text-align: right" title="Equity in net loss of National Beef">(15,553</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(15,553</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_400_eus-gaap--NetIncomeLoss_z65vy2PxIGU1" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Net loss of USPB</td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(15,326</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_407_ecustom--SegmentAssets_zin9EeWoZdba" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Total assets</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_981_ecustom--SegmentAssets_pn3n3_c20241229__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zj6iPidNB5Nc" style="border-bottom: Black 2.5pt double; text-align: right" title="Total assets">2,327,690</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left">$</td><td style="padding-bottom: 2.5pt; text-align: right">(2,327,690</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left">$</td><td style="padding-bottom: 2.5pt; text-align: right">224,665</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left">$</td><td style="padding-bottom: 2.5pt; text-align: right">224,665</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr id="xdx_404_ecustom--SegmentLiabilities_iI_zibkhDkzQhc" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Total liabilities</td><td> </td> <td style="text-align: left">$</td><td id="xdx_987_ecustom--SegmentLiabilities_pn3n3_c20241229__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zzH89hOSxqQ1" style="text-align: right" title="Total liabilities">(1,347,645</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,347,645</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(10,076</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(10,076</td><td style="text-align: left">)</td></tr> <tr id="xdx_405_ecustom--CapitalExpendituresForSegmentAssets_d0_zbUtDawjBIn4" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">Capital expenditures for segment assets</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98B_ecustom--CapitalExpendituresForSegmentAssets_pn3n3_d0_c20241229__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zJfFnObC5GEb" style="text-align: right" title="Capital Expenditures for segment assets">(33,421</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">33,421</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">–</td><td style="text-align: left"> </td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td id="xdx_F09_zSqobh4dO1s5" style="padding-left: 10pt; text-indent: -0.01pt; width: 3%">(1)</td> <td id="xdx_F17_zleE6Pd2mn9l" style="padding-left: 10pt; text-indent: -0.01pt; width: 97%">Amounts reflect those recorded in National Beef Packing Company, LLC and subsidiaries consolidated financial statements.</td></tr> </table>

<table cellpadding="0" cellspacing="0" id="xdx_89C_eus-gaap--ScheduleOfSegmentReportingInformationBySegmentTextBlock_pn3n3_zbIBmejmGOd4" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Accounting Policies (Details - Segment reporting)"> <tr style="vertical-align: bottom; background-color: White"> <td>Schedule of operating results and assets of reportable segment</td><td> </td> <td style="text-align: left"> </td><td id="xdx_494_20260329__20260627__us-gaap--StatementBusinessSegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember_zDHvyfvoPwM4" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_490_20260329__20260627__us-gaap--StatementBusinessSegmentsAxis__custom--EliminationOfUnconsolidatedAffiliateMember__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember_zotPFOsKam6j" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49E_20260329__20260627__us-gaap--StatementBusinessSegmentsAxis__custom--CorporateAndOtherOfUSPBMember__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember_zXbzM9gK3wZj" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_499_20260329__20260627_zbpXratfDTi1" style="text-align: center"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="15" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">13-weeks ended June 27, 2026</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Equity Method Investment in National Beef Packing Company, LLC and Subsidiaries (1)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Elimination of Unconsolidated Affiliate</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Corporate and Other of USPB</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Consolidated Total of USPB</td></tr> <tr id="xdx_408_eus-gaap--Revenues_d0_zVtgIqYUvU32" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="width: 40%; text-align: left">Net sales</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_985_ecustom--Revenue_pn3n3_c20260329__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zodmGCHdEGZa" style="width: 11%; text-align: right" title="Revenues">3,748,080</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">(3,748,080</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">–</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">–</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--CostOfRevenue_iN_di0_zfxtxA7hsrf2" style="vertical-align: bottom; background-color: White"> <td>Cost of sales</td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eus-gaap--CostOfRevenue_iN_pn3n3_di_c20260329__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_z3w5aLAAmuVj" style="text-align: right" title="Cost of sales">(3,714,652</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,714,652</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_ecustom--SellingGeneralAndAdministrativeExpenses_zrWB3uVYpVK6" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">Selling, general and administrative expenses</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_ecustom--SellingGeneralAndAdministrativeExpenses_pn3n3_c20260329__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_z66GnOSW3d79" style="text-align: right" title="Selling, general and administrative expenses">(14,179</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">14,179</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(656</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(656</td><td style="text-align: left">)</td></tr> <tr id="xdx_405_ecustom--DepreciationAndAmortizations_zf8hkmmJ8CI5" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Depreciation and amortization</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_ecustom--DepreciationAndAmortizations_pn3n3_c20260329__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zks2PxhFixZ6" style="text-align: right" title="Revenues">(45,050</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">45,050</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(4</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(4</td><td style="text-align: left">)</td></tr> <tr id="xdx_401_eus-gaap--InvestmentIncomeInterest_zubpVupRI65c" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">Interest income</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--InvestmentIncomeInterest_pn3n3_c20260329__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zfQDuwHNnKGb" style="text-align: right" title="Interest income">5</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(5</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">238</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">238</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_ecustom--InterestExpensesNonoperating_d0_z73aGMRkozn3" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Interest expense</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_ecustom--InterestExpensesNonoperating_pn3n3_c20260329__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_z1tgOvOlWzB9" style="text-align: right" title="Interest expense">(9,780</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">9,780</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--OtherNonoperatingIncome_d0_zKNCUynTTL7h" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">Other, net</td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--OtherNonoperatingIncome_pn3n3_d0_c20260329__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_z9oh0NPhH91j" style="text-align: right" title="Other, net">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">649</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">649</td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--IncomeTaxExpenseBenefit_d0_znf6Rbwe2tDd" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Income tax expense/(refund)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_987_eus-gaap--IncomeTaxExpenseBenefit_pn3n3_c20260329__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zHaWx6JdWLd" style="border-bottom: Black 1pt solid; text-align: right" title="Income tax expense">(257</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">257</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--ProfitLoss_zcAnMyKoIfp9" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">Net (loss)/income in National Beef</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--ProfitLoss_pn3n3_c20260329__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zjnvnkY2roai" style="text-align: right" title="Net loss in National Beef">(35,318</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">35,318</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">227</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">227</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--IncomeLossFromEquityMethodInvestments_z45EWF7HPMXe" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Equity in loss of National Beef</td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td id="xdx_987_eus-gaap--IncomeLossFromEquityMethodInvestments_pn3n3_c20260329__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zuO8z3Pfmqi9" style="padding-bottom: 1pt; text-align: right" title="Equity in net loss of National Beef">(5,474</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(5,474</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_400_eus-gaap--NetIncomeLoss_zzMaTgqk2KQ1" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Net loss of USPB</td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(5,247</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_401_ecustom--SegmentAssets_z1GzzuevM5Ie" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Total assets</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_984_ecustom--SegmentAssets_pn3n3_c20260329__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zYl4wT5EJVp7" style="border-bottom: Black 2.5pt double; text-align: right" title="Total assets">2,265,105</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left">$</td><td style="padding-bottom: 2.5pt; text-align: right">(2,265,105</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left">$</td><td style="padding-bottom: 2.5pt; text-align: right">206,466</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left">$</td><td style="padding-bottom: 2.5pt; text-align: right">206,466</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr id="xdx_404_ecustom--SegmentLiabilities_iI_z8BP6eCt5cWf" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Total liabilities</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98B_ecustom--SegmentLiabilities_pn3n3_c20260329__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zEw3aA3g5rL4" style="text-align: right" title="Total liabilities">(1,189,632</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,189,632</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(8,613</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(8,613</td><td style="text-align: left">)</td></tr> <tr id="xdx_40B_ecustom--CapitalExpendituresForSegmentAssets_d0_zAPMD7ZvBbY4" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">Capital Expenditures for segment assets</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98E_ecustom--CapitalExpendituresForSegmentAssets_pn3n3_d0_c20260329__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zCKcp2YeYLYb" style="text-align: right" title="Capital Expenditures for segment assets">(26,816</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">26,816</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">–</td><td style="text-align: left"> </td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td id="xdx_F03_zczpu3gRiUxd" style="padding-left: 10pt; text-indent: -0.01pt; width: 3%">(1)</td> <td id="xdx_F18_zVD2KkzqVqyh" style="padding-left: 10pt; text-indent: -0.01pt; width: 97%">Amounts reflect those recorded in National Beef Packing Company, LLC and subsidiaries consolidated financial statements.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_492_20251228__20260627__us-gaap--StatementBusinessSegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember_z3VLWRlodlUc" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_494_20251228__20260627__us-gaap--StatementBusinessSegmentsAxis__custom--EliminationOfUnconsolidatedAffiliateMember__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember_zddyi3b5Hg2a" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_491_20251228__20260627__us-gaap--StatementBusinessSegmentsAxis__custom--CorporateAndOtherOfUSPBMember__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember_zRxDofpJd7Ij" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_497_20251228__20260627_zmh98Ja8TAwh" style="text-align: center"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="15" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">26-weeks ended June 27, 2026</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Equity Method Investment in National Beef Packing Company, LLC and Subsidiaries (1)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Elimination of Unconsolidated Affiliate</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Corporate and Other of USPB</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Consolidated Total of USPB</td></tr> <tr id="xdx_40E_eus-gaap--Revenues_d0_zuZpuPCFTrZb" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="width: 40%; text-align: left">Net sales</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98E_ecustom--Revenue_pn3n3_c20251228__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zWALVUegUTU5" style="width: 11%; text-align: right" title="Revenues">7,239,258</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">(7,239,258</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">–</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">–</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--CostOfRevenue_iN_di0_zcPhPthmQUs7" style="vertical-align: bottom; background-color: White"> <td>Cost of sales</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--CostOfRevenue_iN_pn3n3_di_c20251228__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zFPUQCK5mCR" style="text-align: right" title="Cost of sales">(7,187,919</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7,187,919</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_ecustom--SellingGeneralAndAdministrativeExpenses_zMSCOwpIeSf2" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">Selling, general and administrative expenses</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_ecustom--SellingGeneralAndAdministrativeExpenses_pn3n3_c20251228__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zd1VxuB89FPl" style="text-align: right" title="Selling, general and administrative expenses">(22,293</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">22,293</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,490</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,490</td><td style="text-align: left">)</td></tr> <tr id="xdx_40F_ecustom--DepreciationAndAmortizations_zUWdSXsiwde5" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Depreciation and amortization</td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_ecustom--DepreciationAndAmortizations_pn3n3_c20251228__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zBIDw39ZjuKf" style="text-align: right" title="Revenues">(88,958</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">88,958</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(7</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(7</td><td style="text-align: left">)</td></tr> <tr id="xdx_401_eus-gaap--InvestmentIncomeInterest_z4E6IVr8QWee" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">Interest income</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--InvestmentIncomeInterest_pn3n3_c20251228__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_z7TvcAXBAfjd" style="text-align: right" title="Interest income">74</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(74</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">546</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">546</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_ecustom--InterestExpensesNonoperating_d0_z4XeFZHPtgZ7" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Interest expense</td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_ecustom--InterestExpensesNonoperating_pn3n3_c20251228__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zGFjoZbF5uA3" style="text-align: right" title="Interest expense">(19,257</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">19,257</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--OtherNonoperatingIncome_d0_zgnlbUHIIC6i" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">Other, net</td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--OtherNonoperatingIncome_pn3n3_d0_c20251228__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zjgqkEu6iQk8" style="text-align: right" title="Other, net">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">831</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">831</td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--IncomeTaxExpenseBenefit_d0_zAvhdCJHyPf" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Income tax expense/(refund)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98B_eus-gaap--IncomeTaxExpenseBenefit_pn3n3_c20251228__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_z9crxM4ChqLb" style="border-bottom: Black 1pt solid; text-align: right" title="Income tax expense">(683</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">683</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--ProfitLoss_zJLgrkUgbCxg" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">Net (loss)/income in National Beef</td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--ProfitLoss_pn3n3_c20251228__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zPrfM0Ls28Ed" style="text-align: right" title="Net loss in National Beef">(78,411</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">78,411</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(120</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(120</td><td style="text-align: left">)</td></tr> <tr id="xdx_40D_eus-gaap--IncomeLossFromEquityMethodInvestments_z6aM0e217Ik1" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Equity in loss of National Beef</td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td id="xdx_986_eus-gaap--IncomeLossFromEquityMethodInvestments_pn3n3_c20251228__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zJMqvHnPkrA7" style="padding-bottom: 1pt; text-align: right" title="Equity in net loss of National Beef">(12,120</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(12,120</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_400_eus-gaap--NetIncomeLoss_znPi8KNcy26d" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Net loss of USPB</td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(12,240</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_401_ecustom--SegmentAssets_zevRrRfQOlRe" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Total assets</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_981_ecustom--SegmentAssets_pn3n3_c20251228__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zSYqi10C5G6" style="border-bottom: Black 2.5pt double; text-align: right" title="Total assets">2,265,105</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left">$</td><td style="padding-bottom: 2.5pt; text-align: right">(2,265,105</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left">$</td><td style="padding-bottom: 2.5pt; text-align: right">206,466</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left">$</td><td style="padding-bottom: 2.5pt; text-align: right">206,466</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr id="xdx_404_ecustom--SegmentLiabilities_iI_z2YNjvD9ljid" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Total liabilities</td><td> </td> <td style="text-align: left">$</td><td id="xdx_989_ecustom--SegmentLiabilities_pn3n3_c20251228__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zkxZMVomYgJg" style="text-align: right" title="Total liabilities">(1,189,632</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,189,632</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(8,613</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(8,613</td><td style="text-align: left">)</td></tr> <tr id="xdx_40B_ecustom--CapitalExpendituresForSegmentAssets_d0_zKGkJylBgFp6" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">Capital expenditures for segment assets</td><td> </td> <td style="text-align: left">$</td><td id="xdx_981_ecustom--CapitalExpendituresForSegmentAssets_pn3n3_d0_c20251228__20260627__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zQ6apu7n0j5l" style="text-align: right" title="Capital Expenditures for segment assets">(45,820</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">45,820</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">–</td><td style="text-align: left"> </td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td id="xdx_F07_zvG8TY4jqlah" style="padding-left: 10pt; text-indent: -0.01pt; width: 3%">(1)</td> <td id="xdx_F13_zyezuJ5lvTd6" style="padding-left: 10pt; text-indent: -0.01pt; width: 97%">Amounts reflect those recorded in National Beef Packing Company, LLC and subsidiaries consolidated financial statements.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_495_20250330__20250628__us-gaap--StatementBusinessSegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember_zBbinq1yLgif" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_492_20250330__20250628__us-gaap--StatementBusinessSegmentsAxis__custom--EliminationOfUnconsolidatedAffiliateMember__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember_z8fsGDgvzHWi" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49E_20250330__20250628__us-gaap--StatementBusinessSegmentsAxis__custom--CorporateAndOtherOfUSPBMember__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember_zmCpYe1CBxH8" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_491_20250330__20250628_z38QWRs4ZHgh" style="text-align: center"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="15" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">13-weeks ended June 28, 2025</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Equity Method Investment in National Beef Packing Company, LLC and Subsidiaries (1)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Elimination of Unconsolidated Affiliate</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Corporate and Other of USPB</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Consolidated Total of USPB</td></tr> <tr id="xdx_403_eus-gaap--Revenues_d0_zWiTe1uZXqwb" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="width: 40%; text-align: left">Net sales</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98B_ecustom--Revenue_pn3n3_c20250330__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zJvsCrl7aof6" style="width: 11%; text-align: right" title="Revenues">3,263,256</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">(3,263,256</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">–</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">–</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--CostOfRevenue_iN_di0_zy6WcwVHtt3c" style="vertical-align: bottom; background-color: White"> <td>Cost of sales</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--CostOfRevenue_iN_pn3n3_di_c20250330__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zZwdG5g22CZ2" style="text-align: right" title="Cost of sales">(3,216,822</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,216,822</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_ecustom--SellingGeneralAndAdministrativeExpenses_zr5Hkx9LMOGg" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">Selling, general and administrative expenses</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_ecustom--SellingGeneralAndAdministrativeExpenses_pn3n3_c20250330__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zvxRUo7H2L6f" style="text-align: right" title="Selling, general and administrative expenses">(25,501</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">25,501</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(811</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(811</td><td style="text-align: left">)</td></tr> <tr id="xdx_403_ecustom--DepreciationAndAmortizations_z73GYWRPSQGg" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Depreciation and amortization</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_ecustom--DepreciationAndAmortizations_pn3n3_c20250330__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zCfK0pl9Zvi5" style="text-align: right" title="Revenues">(42,707</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">42,707</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(3</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(3</td><td style="text-align: left">)</td></tr> <tr id="xdx_401_eus-gaap--InvestmentIncomeInterest_zko3DHNKN5W8" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">Interest income</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--InvestmentIncomeInterest_pn3n3_c20250330__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zNjK1Xprth96" style="text-align: right" title="Interest income">7</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(7</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">630</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">630</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_ecustom--InterestExpensesNonoperating_d0_zYmSk5ShQOh6" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Interest expense</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_ecustom--InterestExpensesNonoperating_pn3n3_c20250330__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zh6w0FEwwSc7" style="text-align: right" title="Interest expense">(12,855</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">12,855</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--OtherNonoperatingIncome_d0_z04kgIk7Hl0e" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">Other, net</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--OtherNonoperatingIncome_pn3n3_d0_c20250330__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_z5cTFozqAwzi" style="text-align: right" title="Other, net">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">732</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">732</td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--IncomeTaxExpenseBenefit_d0_zCw5D2CWHvTi" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Income tax refund/(refund)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_eus-gaap--IncomeTaxExpenseBenefit_pn3n3_c20250330__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zh2I2sGWCZf4" style="border-bottom: Black 1pt solid; text-align: right" title="Income tax expense">(522</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">522</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--ProfitLoss_z6ZtWIAnLjKh" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">Net (loss)/income in National Beef</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--ProfitLoss_pn3n3_c20250330__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zuh6zFWXxoY8" style="text-align: right" title="Net loss in National Beef">(34,100</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">34,100</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">548</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">548</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--IncomeLossFromEquityMethodInvestments_zRpopSEzV2a" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Equity in net loss of National Beef</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98D_eus-gaap--IncomeLossFromEquityMethodInvestments_pn3n3_c20250330__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_z12QML1vFM64" style="border-bottom: Black 1pt solid; text-align: right" title="Equity in net loss of National Beef">(5,290</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(5,290</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_400_eus-gaap--NetIncomeLoss_zWJzFzt73W72" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Net loss of USPB</td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(4,742</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_407_ecustom--SegmentAssets_zWBxxIEUJqGb" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Total assets</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98A_ecustom--SegmentAssets_pn3n3_c20250330__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zD2liMdqKsTg" style="border-bottom: Black 2.5pt double; text-align: right" title="Total assets">2,327,690</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left">$</td><td style="padding-bottom: 2.5pt; text-align: right">(2,327,690</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left">$</td><td style="padding-bottom: 2.5pt; text-align: right">224,665</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left">$</td><td style="padding-bottom: 2.5pt; text-align: right">224,665</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr id="xdx_404_ecustom--SegmentLiabilities_iI_zGuuJFL6Tkvi" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Total liabilities</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98E_ecustom--SegmentLiabilities_pn3n3_c20250330__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zLRvGrHqhed9" style="text-align: right" title="Total liabilities">(1,347,645</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,347,645</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(10,076</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(10,076</td><td style="text-align: left">)</td></tr> <tr id="xdx_405_ecustom--CapitalExpendituresForSegmentAssets_d0_zf39wmAhi69g" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">Capital expenditures for segment assets</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98E_ecustom--CapitalExpendituresForSegmentAssets_pn3n3_d0_c20250330__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zO2wTlKzwLc9" style="text-align: right" title="Capital Expenditures for segment assets">(20,680</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">20,680</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">–</td><td style="text-align: left"> </td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td id="xdx_F07_zqhoxJNMsvYe" style="padding-left: 10pt; text-indent: -0.01pt; width: 3%">(1)</td> <td id="xdx_F10_zMtv6HJfO9O" style="padding-left: 10pt; text-indent: -0.01pt; width: 97%">Amounts reflect those recorded in National Beef Packing Company, LLC and subsidiaries consolidated financial statements.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_499_20241229__20250628__us-gaap--StatementBusinessSegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember_zrG4vntiEEC5" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_492_20241229__20250628__us-gaap--StatementBusinessSegmentsAxis__custom--EliminationOfUnconsolidatedAffiliateMember__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember_zrC8ErL8qvjl" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_490_20241229__20250628__us-gaap--StatementBusinessSegmentsAxis__custom--CorporateAndOtherOfUSPBMember__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember_zRWUHycpoYW9" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49D_20241229__20250628_zzOVuFUfOqy9" style="text-align: center"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="15" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">26-weeks ended June 28, 2025</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Equity Method Investment in National Beef Packing Company, LLC and Subsidiaries (1)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Elimination of Unconsolidated Affiliate</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Corporate and Other of USPB</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Consolidated Total of USPB</td></tr> <tr id="xdx_40F_eus-gaap--Revenues_d0_zLPWXBGgl0Yg" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="width: 40%; text-align: left">Net sales</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_989_ecustom--Revenue_pn3n3_c20241229__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_z9yWT2EQeTS3" style="width: 11%; text-align: right" title="Revenues">6,529,485</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">(6,529,485</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">–</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">–</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--CostOfRevenue_iN_di0_zng8OkhxMb9f" style="vertical-align: bottom; background-color: White"> <td>Cost of sales</td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eus-gaap--CostOfRevenue_iN_pn3n3_di_c20241229__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_z8y80pxsnyq2" style="text-align: right" title="Cost of sales">(6,466,796</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6,466,796</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_ecustom--SellingGeneralAndAdministrativeExpenses_z4zoIbzWIcv2" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">Selling, general and administrative expenses</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_ecustom--SellingGeneralAndAdministrativeExpenses_pn3n3_c20241229__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zSc8u8Z3dXZh" style="text-align: right" title="Selling, general and administrative expenses">(56,139</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">56,139</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,770</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,770</td><td style="text-align: left">)</td></tr> <tr id="xdx_40D_ecustom--DepreciationAndAmortizations_zBpZ0snv4Oyi" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Depreciation and amortization</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_ecustom--DepreciationAndAmortizations_pn3n3_c20241229__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_z9Hw8uUCfbF2" style="text-align: right" title="Revenues">(84,399</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">84,399</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(7</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(7</td><td style="text-align: left">)</td></tr> <tr id="xdx_401_eus-gaap--InvestmentIncomeInterest_z4zgiaKkdEy5" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">Interest income</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--InvestmentIncomeInterest_pn3n3_c20241229__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zcVT2JuWbSMg" style="text-align: right" title="Interest income">18</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(18</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,237</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,237</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_ecustom--InterestExpensesNonoperating_d0_zAROqjIhQoD3" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Interest expense</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_ecustom--InterestExpensesNonoperating_pn3n3_c20241229__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zdypcxT5bvwe" style="text-align: right" title="Interest expense">(24,396</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">24,396</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--OtherNonoperatingIncome_d0_z0C5Vg4mFzld" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">Other, net</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--OtherNonoperatingIncome_pn3n3_d0_c20241229__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zMf6BI48yGn2" style="text-align: right" title="Other, net">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">767</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">767</td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--IncomeTaxExpenseBenefit_d0_zDtYwfoe8C76" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Income tax refund/(refund)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98F_eus-gaap--IncomeTaxExpenseBenefit_pn3n3_c20241229__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_z7YPR0MEW4g4" style="border-bottom: Black 1pt solid; text-align: right" title="Income tax expense">(1,041</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,041</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--ProfitLoss_zPha8VwWsdM9" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">Net (loss)/income in National Beef</td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--ProfitLoss_pn3n3_c20241229__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zfGrwe5QP35g" style="text-align: right" title="Net loss in National Beef">(101,186</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">101,186</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">227</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">227</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--IncomeLossFromEquityMethodInvestments_zHdZ5PpsETNl" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Equity in loss of National Beef</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_980_eus-gaap--IncomeLossFromEquityMethodInvestments_pn3n3_c20241229__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zH9lK7L93qsg" style="border-bottom: Black 1pt solid; text-align: right" title="Equity in net loss of National Beef">(15,553</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(15,553</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_400_eus-gaap--NetIncomeLoss_z65vy2PxIGU1" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Net loss of USPB</td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(15,326</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_407_ecustom--SegmentAssets_zin9EeWoZdba" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Total assets</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_981_ecustom--SegmentAssets_pn3n3_c20241229__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zj6iPidNB5Nc" style="border-bottom: Black 2.5pt double; text-align: right" title="Total assets">2,327,690</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left">$</td><td style="padding-bottom: 2.5pt; text-align: right">(2,327,690</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left">$</td><td style="padding-bottom: 2.5pt; text-align: right">224,665</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left">$</td><td style="padding-bottom: 2.5pt; text-align: right">224,665</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr id="xdx_404_ecustom--SegmentLiabilities_iI_zibkhDkzQhc" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Total liabilities</td><td> </td> <td style="text-align: left">$</td><td id="xdx_987_ecustom--SegmentLiabilities_pn3n3_c20241229__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zzH89hOSxqQ1" style="text-align: right" title="Total liabilities">(1,347,645</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,347,645</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(10,076</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(10,076</td><td style="text-align: left">)</td></tr> <tr id="xdx_405_ecustom--CapitalExpendituresForSegmentAssets_d0_zbUtDawjBIn4" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left">Capital expenditures for segment assets</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98B_ecustom--CapitalExpendituresForSegmentAssets_pn3n3_d0_c20241229__20250628__us-gaap--SubsegmentsConsolidationItemsAxis__us-gaap--ReportableSubsegmentsMember__us-gaap--SubsegmentsAxis__custom--EquityMethodInvestmentInNationalBeefPackingCompanyLLCAndSubsidiariesMember_fKDEp_zJfFnObC5GEb" style="text-align: right" title="Capital Expenditures for segment assets">(33,421</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">33,421</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">–</td><td style="text-align: left"> </td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td id="xdx_F09_zSqobh4dO1s5" style="padding-left: 10pt; text-indent: -0.01pt; width: 3%">(1)</td> <td id="xdx_F17_zleE6Pd2mn9l" style="padding-left: 10pt; text-indent: -0.01pt; width: 97%">Amounts reflect those recorded in National Beef Packing Company, LLC and subsidiaries consolidated financial statements.</td></tr> </table>

3748080000

-3748080000

3714652000

-3714652000

-0

-14179000 -14179000 14179000 -656000 -656000 -45050000 -45050000 45050000 -4000 -4000

5000

-5000

238000

-9780000 -9780000 9780000 0 0

649000

-257000

257000

-35318000

35318000

227000

-5474000

-5247000

2265105000 2265105000 -2265105000 206466000 206466000 -1189632000 -1189632000 1189632000 -8613000 -8613000 -26816000 -26816000 26816000 0 0

7239258000

-7239258000

7187919000

-7187919000

-0

-22293000 -22293000 22293000 -1490000 -1490000 -88958000 -88958000 88958000 -7000 -7000

74000

-74000

546000

-19257000 -19257000 19257000 0 0

831000

-683000

683000

-78411000

78411000

-120000

-12120000

-12240000

2265105000 2265105000 -2265105000 206466000 206466000 -1189632000 -1189632000 1189632000 -8613000 -8613000 -45820000 -45820000 45820000 0 0

3263256000

-3263256000

3216822000

-3216822000

-0

-25501000 -25501000 25501000 -811000 -811000 -42707000 -42707000 42707000 -3000 -3000

7000

-7000

630000

-12855000 -12855000 12855000 0 0

732000

-522000

522000

-34100000

34100000

548000

-5290000

-4742000

2327690000 2327690000 -2327690000 224665000 224665000 -1347645000 -1347645000 1347645000 -10076000 -10076000 -20680000 -20680000 20680000 0 0

6529485000

-6529485000

6466796000

-6466796000

-0

-56139000 -56139000 56139000 -1770000 -1770000 -84399000 -84399000 84399000 -7000 -7000

18000

-18000

1237000

-24396000 -24396000 24396000 0 0

767000

-1041000

1041000

-101186000

101186000

227000

-15553000

-15326000

2327690000 2327690000 -2327690000 224665000 224665000 -1347645000 -1347645000 1347645000 -10076000 -10076000 -33421000 -33421000 33421000 0 0 (3) Noncompetition Agreement The CEO’s employment agreement provides for him to receive noncompetition payments for a twelve-month period following his termination of employment with USPB. As of June 27, 2026 and December 27, 2025, the Company had accrued $0.4 million and $0.4 million, respectively, for the noncompetition agreement. The accrued amount is included in Accrued compensation and benefits on the balance sheet.

400000

(4) Employee Compensation Plans In September 2010, USPB’s Board of Directors approved a management phantom unit plan and subsequently awarded phantom units in fiscal years 2010 and 2013. As of June 27, 2026 and December 27, 2025, the Company had accrued $6.6 million and $7.8 million, respectively, for the management phantom awards. The accrued amounts are included in Accrued compensation and benefits and Other liabilities on the balance sheet. The table below summarizes the current and long-term portions of the accrued amounts (thousands of dollars): <table cellpadding="0" cellspacing="0" id="xdx_892_eus-gaap--ScheduleOfAccruedLiabilitiesTableTextBlock_pn3n3_zbJ20I1doZme" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Employee Compensation Plans (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Schedule of accrued liabilities</td><td> </td> <td style="text-align: left"> </td><td id="xdx_49C_20260627_z5nmOaWL1Nn1" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49F_20251227" style="text-align: center"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">June 27, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">December 27, 2025</td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: center">(unaudited)</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--AccountsPayableAndAccruedLiabilitiesCurrent_iI_pn3n3_maAPAOAzRMP_zaBRVyand5pe" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="width: 66%; text-align: left">Current phantom unit</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">1,322</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">1,560</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--AccountsPayableAndAccruedLiabilitiesNoncurrent_iI_pn3n3_maAPAOAzRMP_zkXW3yjQyTz1" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Long-term phantom unit</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">5,288</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">6,239</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--AccountsPayableAndOtherAccruedLiabilities_iTI_pn3n3_mtAPAOAzRMP_zngCFv1DCN86" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left; padding-bottom: 2.5pt; padding-left: 10pt">Total phantom accrual</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">6,610</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">7,799</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> USPB provides its employees the opportunity to earn cash incentives and bonuses. As of June 27, 2026 and December 27, 2025, the Company had accrued $0.8 million and $1.1 million, respectively, for the cash incentive and bonus plans. The accrued amounts are included in Accrued compensation and benefits on the balance sheet.

6600000

7800000

<table cellpadding="0" cellspacing="0" id="xdx_892_eus-gaap--ScheduleOfAccruedLiabilitiesTableTextBlock_pn3n3_zbJ20I1doZme" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Employee Compensation Plans (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Schedule of accrued liabilities</td><td> </td> <td style="text-align: left"> </td><td id="xdx_49C_20260627_z5nmOaWL1Nn1" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49F_20251227" style="text-align: center"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">June 27, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">December 27, 2025</td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: center">(unaudited)</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--AccountsPayableAndAccruedLiabilitiesCurrent_iI_pn3n3_maAPAOAzRMP_zaBRVyand5pe" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="width: 66%; text-align: left">Current phantom unit</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">1,322</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">1,560</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--AccountsPayableAndAccruedLiabilitiesNoncurrent_iI_pn3n3_maAPAOAzRMP_zkXW3yjQyTz1" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Long-term phantom unit</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">5,288</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">6,239</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--AccountsPayableAndOtherAccruedLiabilities_iTI_pn3n3_mtAPAOAzRMP_zngCFv1DCN86" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left; padding-bottom: 2.5pt; padding-left: 10pt">Total phantom accrual</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">6,610</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">7,799</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

1322000

1560000

5288000

6239000

6610000

7799000

800000

1100000

(5) Delivery Right Lease Income As of June 27, 2026 and June 28, 2025, USPB realized Delivery Right Lease income of $0.8 million and $0.7 million, respectively, related to leasing company owned delivery rights to USPB’s members and associates. Delivery Right Lease income is included in “Other income” on the Statement of Operations.

800000

700000

(6) Loss Per Unit Under the LLC structure, earnings of the Company are to be allocated to members based on their proportionate share of underlying equity. Earnings Per Unit (EPU) has been presented in the accompanying Statements of Operations and in the table that follows. Basic EPU excludes dilution and is computed by first allocating a portion of USPB’s net income or net loss to Class A units and the remainder is allocated to Class B units. For the quarterly and year-to-date periods ended June 27, 2026 and June 28, 2025, 10% of USPB’s net loss was allocated to the Class A units and 90% to the Class B units. The net loss allocated to the Class A and Class B units were then divided by the weighted-average number of Class A and Class B units outstanding for the period to determine the basic EPU for each respective class of unit. Diluted EPU reflects the potential dilution that could occur to the extent that any outstanding dilutive Class A or Class B units were exercised. There are no potentially dilutive Class A or Class B units outstanding. <table cellpadding="0" cellspacing="0" id="xdx_891_eus-gaap--ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_pn3n3_z62nJQ88ivT9" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Loss Per Unit (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Schedule of income per unit calculation</td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left">Net Loss Per Unit Calculation</td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">13-weeks ended</td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">26-weeks ended</td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt">(thousands of dollars, except unit and per unit data)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">June 27, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">June 28, 2025</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">June 27, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">June 28, 2025</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">(unaudited)</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">(unaudited)</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">(unaudited)</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">(unaudited)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="font-weight: bold; text-align: left">Basic and diluted loss per unit:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Loss attributable to USPB available to members (numerator)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="padding-left: 10pt; width: 40%; text-align: left">Class A</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_981_eus-gaap--NetIncomeLossAllocatedToLimitedPartners_pn3n3_c20260329__20260627__us-gaap--StatementClassOfStockAxis__custom--ClassAUnitsMember_z5Ud1FgyaQqb" style="width: 11%; text-align: right" title="Income attributable to USPB available to unitholders (numerator)">(525</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_981_eus-gaap--NetIncomeLossAllocatedToLimitedPartners_pn3n3_c20250330__20250628__us-gaap--StatementClassOfStockAxis__custom--ClassAUnitsMember_zkgMbeqcUsqg" style="width: 11%; text-align: right" title="Income attributable to USPB available to unitholders (numerator)">(474</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98F_eus-gaap--NetIncomeLossAllocatedToLimitedPartners_pn3n3_c20251228__20260627__us-gaap--StatementClassOfStockAxis__custom--ClassAUnitsMember_zQx0liuAcqZf" style="width: 11%; text-align: right" title="Income attributable to USPB available to unitholders (numerator)">(1,224</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98B_eus-gaap--NetIncomeLossAllocatedToLimitedPartners_pn3n3_c20241229__20250628__us-gaap--StatementClassOfStockAxis__custom--ClassAUnitsMember_znWxrVhxyHMj" style="width: 11%; text-align: right" title="Income attributable to USPB available to unitholders (numerator)">(1,533</td><td style="width: 1%; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Class B</td><td> </td> <td style="text-align: left">$</td><td id="xdx_980_eus-gaap--NetIncomeLossAllocatedToLimitedPartners_pn3n3_c20260329__20260627__us-gaap--StatementClassOfStockAxis__custom--ClassBUnitsMember_zPhK8He3sX28" style="text-align: right" title="Income attributable to USPB available to unitholders (numerator)">(4,722</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td id="xdx_989_eus-gaap--NetIncomeLossAllocatedToLimitedPartners_pn3n3_c20250330__20250628__us-gaap--StatementClassOfStockAxis__custom--ClassBUnitsMember_zi6eNWkj4pQf" style="text-align: right" title="Income attributable to USPB available to unitholders (numerator)">(4,268</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td id="xdx_981_eus-gaap--NetIncomeLossAllocatedToLimitedPartners_pn3n3_c20251228__20260627__us-gaap--StatementClassOfStockAxis__custom--ClassBUnitsMember_zjZsG7A7L5e1" style="text-align: right" title="Income attributable to USPB available to unitholders (numerator)">(11,016</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td id="xdx_986_eus-gaap--NetIncomeLossAllocatedToLimitedPartners_pn3n3_c20241229__20250628__us-gaap--StatementClassOfStockAxis__custom--ClassBUnitsMember_zWBQR0y09zaj" style="text-align: right" title="Income attributable to USPB available to unitholders (numerator)">(13,793</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Weighted average outstanding units (denominator)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="padding-left: 10pt; text-align: left">Class A</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_909_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_pip0_c20260329__20260627__us-gaap--StatementClassOfStockAxis__custom--ClassAUnitsMember_znpgd08Q9yqh" title="Weighted average outstanding units, Basic"><span id="xdx_90C_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_pip0_c20260329__20260627__us-gaap--StatementClassOfStockAxis__custom--ClassAUnitsMember_zvu9PWYAQuL8" title="Weighted average outstanding units, Diluted">735,385</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90E_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_pip0_c20250330__20250628__us-gaap--StatementClassOfStockAxis__custom--ClassAUnitsMember_zwpgjtO7XhE3" title="Weighted average outstanding units, Basic"><span id="xdx_909_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_pip0_c20250330__20250628__us-gaap--StatementClassOfStockAxis__custom--ClassAUnitsMember_ziVYnS5lYf74" title="Weighted average outstanding units, Diluted">735,385</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_905_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_pip0_c20251228__20260627__us-gaap--StatementClassOfStockAxis__custom--ClassAUnitsMember_zJEyF6t9fTr2" title="Weighted average outstanding units, Basic"><span id="xdx_906_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_pip0_c20251228__20260627__us-gaap--StatementClassOfStockAxis__custom--ClassAUnitsMember_z1eEB7xgt5t5" title="Weighted average outstanding units, Diluted">735,385</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90C_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_pip0_c20241229__20250628__us-gaap--StatementClassOfStockAxis__custom--ClassAUnitsMember_zlMtsjXnDBZd" title="Weighted average outstanding units, Basic"><span id="xdx_903_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_pip0_c20241229__20250628__us-gaap--StatementClassOfStockAxis__custom--ClassAUnitsMember_zrdglmw03ue7" title="Weighted average outstanding units, Diluted">735,385</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Class B</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90F_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_pip0_c20260329__20260627__us-gaap--StatementClassOfStockAxis__custom--ClassBUnitsMember_zoEIAVrtew0h" title="Weighted average outstanding units, Basic"><span id="xdx_904_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_pip0_c20260329__20260627__us-gaap--StatementClassOfStockAxis__custom--ClassBUnitsMember_zc7erbkqVP01" title="Weighted average outstanding units, Diluted">755,385</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_908_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_pip0_c20250330__20250628__us-gaap--StatementClassOfStockAxis__custom--ClassBUnitsMember_zPK5PZ5FmWM3" title="Weighted average outstanding units, Basic"><span id="xdx_904_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_pip0_c20250330__20250628__us-gaap--StatementClassOfStockAxis__custom--ClassBUnitsMember_z0qVFUCtDMj7" title="Weighted average outstanding units, Diluted">755,385</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90F_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_pip0_c20251228__20260627__us-gaap--StatementClassOfStockAxis__custom--ClassBUnitsMember_z9pBzlMIJY2f" title="Weighted average outstanding units, Basic"><span id="xdx_905_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_pip0_c20251228__20260627__us-gaap--StatementClassOfStockAxis__custom--ClassBUnitsMember_zuim4ErjtKVf" title="Weighted average outstanding units, Diluted">755,385</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_907_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_pip0_c20241229__20250628__us-gaap--StatementClassOfStockAxis__custom--ClassBUnitsMember_zJgKTAkBsPWf" title="Weighted average outstanding units, Basic"><span id="xdx_90F_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_pip0_c20241229__20250628__us-gaap--StatementClassOfStockAxis__custom--ClassBUnitsMember_zZ5GCd3yUdu7" title="Weighted average outstanding units, Diluted">755,385</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Per unit amount</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 2.5pt">Class A</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(0.71</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(0.64</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(1.66</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(2.08</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 2.5pt">Class B</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(6.25</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(5.65</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(14.58</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(18.26</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> </table>

<table cellpadding="0" cellspacing="0" id="xdx_891_eus-gaap--ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_pn3n3_z62nJQ88ivT9" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Loss Per Unit (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Schedule of income per unit calculation</td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left">Net Loss Per Unit Calculation</td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">13-weeks ended</td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">26-weeks ended</td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt">(thousands of dollars, except unit and per unit data)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">June 27, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">June 28, 2025</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">June 27, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">June 28, 2025</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">(unaudited)</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">(unaudited)</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">(unaudited)</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">(unaudited)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="font-weight: bold; text-align: left">Basic and diluted loss per unit:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Loss attributable to USPB available to members (numerator)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="padding-left: 10pt; width: 40%; text-align: left">Class A</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_981_eus-gaap--NetIncomeLossAllocatedToLimitedPartners_pn3n3_c20260329__20260627__us-gaap--StatementClassOfStockAxis__custom--ClassAUnitsMember_z5Ud1FgyaQqb" style="width: 11%; text-align: right" title="Income attributable to USPB available to unitholders (numerator)">(525</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_981_eus-gaap--NetIncomeLossAllocatedToLimitedPartners_pn3n3_c20250330__20250628__us-gaap--StatementClassOfStockAxis__custom--ClassAUnitsMember_zkgMbeqcUsqg" style="width: 11%; text-align: right" title="Income attributable to USPB available to unitholders (numerator)">(474</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98F_eus-gaap--NetIncomeLossAllocatedToLimitedPartners_pn3n3_c20251228__20260627__us-gaap--StatementClassOfStockAxis__custom--ClassAUnitsMember_zQx0liuAcqZf" style="width: 11%; text-align: right" title="Income attributable to USPB available to unitholders (numerator)">(1,224</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98B_eus-gaap--NetIncomeLossAllocatedToLimitedPartners_pn3n3_c20241229__20250628__us-gaap--StatementClassOfStockAxis__custom--ClassAUnitsMember_znWxrVhxyHMj" style="width: 11%; text-align: right" title="Income attributable to USPB available to unitholders (numerator)">(1,533</td><td style="width: 1%; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Class B</td><td> </td> <td style="text-align: left">$</td><td id="xdx_980_eus-gaap--NetIncomeLossAllocatedToLimitedPartners_pn3n3_c20260329__20260627__us-gaap--StatementClassOfStockAxis__custom--ClassBUnitsMember_zPhK8He3sX28" style="text-align: right" title="Income attributable to USPB available to unitholders (numerator)">(4,722</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td id="xdx_989_eus-gaap--NetIncomeLossAllocatedToLimitedPartners_pn3n3_c20250330__20250628__us-gaap--StatementClassOfStockAxis__custom--ClassBUnitsMember_zi6eNWkj4pQf" style="text-align: right" title="Income attributable to USPB available to unitholders (numerator)">(4,268</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td id="xdx_981_eus-gaap--NetIncomeLossAllocatedToLimitedPartners_pn3n3_c20251228__20260627__us-gaap--StatementClassOfStockAxis__custom--ClassBUnitsMember_zjZsG7A7L5e1" style="text-align: right" title="Income attributable to USPB available to unitholders (numerator)">(11,016</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td id="xdx_986_eus-gaap--NetIncomeLossAllocatedToLimitedPartners_pn3n3_c20241229__20250628__us-gaap--StatementClassOfStockAxis__custom--ClassBUnitsMember_zWBQR0y09zaj" style="text-align: right" title="Income attributable to USPB available to unitholders (numerator)">(13,793</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Weighted average outstanding units (denominator)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="padding-left: 10pt; text-align: left">Class A</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_909_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_pip0_c20260329__20260627__us-gaap--StatementClassOfStockAxis__custom--ClassAUnitsMember_znpgd08Q9yqh" title="Weighted average outstanding units, Basic"><span id="xdx_90C_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_pip0_c20260329__20260627__us-gaap--StatementClassOfStockAxis__custom--ClassAUnitsMember_zvu9PWYAQuL8" title="Weighted average outstanding units, Diluted">735,385</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90E_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_pip0_c20250330__20250628__us-gaap--StatementClassOfStockAxis__custom--ClassAUnitsMember_zwpgjtO7XhE3" title="Weighted average outstanding units, Basic"><span id="xdx_909_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_pip0_c20250330__20250628__us-gaap--StatementClassOfStockAxis__custom--ClassAUnitsMember_ziVYnS5lYf74" title="Weighted average outstanding units, Diluted">735,385</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_905_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_pip0_c20251228__20260627__us-gaap--StatementClassOfStockAxis__custom--ClassAUnitsMember_zJEyF6t9fTr2" title="Weighted average outstanding units, Basic"><span id="xdx_906_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_pip0_c20251228__20260627__us-gaap--StatementClassOfStockAxis__custom--ClassAUnitsMember_z1eEB7xgt5t5" title="Weighted average outstanding units, Diluted">735,385</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90C_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_pip0_c20241229__20250628__us-gaap--StatementClassOfStockAxis__custom--ClassAUnitsMember_zlMtsjXnDBZd" title="Weighted average outstanding units, Basic"><span id="xdx_903_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_pip0_c20241229__20250628__us-gaap--StatementClassOfStockAxis__custom--ClassAUnitsMember_zrdglmw03ue7" title="Weighted average outstanding units, Diluted">735,385</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Class B</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90F_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_pip0_c20260329__20260627__us-gaap--StatementClassOfStockAxis__custom--ClassBUnitsMember_zoEIAVrtew0h" title="Weighted average outstanding units, Basic"><span id="xdx_904_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_pip0_c20260329__20260627__us-gaap--StatementClassOfStockAxis__custom--ClassBUnitsMember_zc7erbkqVP01" title="Weighted average outstanding units, Diluted">755,385</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_908_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_pip0_c20250330__20250628__us-gaap--StatementClassOfStockAxis__custom--ClassBUnitsMember_zPK5PZ5FmWM3" title="Weighted average outstanding units, Basic"><span id="xdx_904_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_pip0_c20250330__20250628__us-gaap--StatementClassOfStockAxis__custom--ClassBUnitsMember_z0qVFUCtDMj7" title="Weighted average outstanding units, Diluted">755,385</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90F_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_pip0_c20251228__20260627__us-gaap--StatementClassOfStockAxis__custom--ClassBUnitsMember_z9pBzlMIJY2f" title="Weighted average outstanding units, Basic"><span id="xdx_905_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_pip0_c20251228__20260627__us-gaap--StatementClassOfStockAxis__custom--ClassBUnitsMember_zuim4ErjtKVf" title="Weighted average outstanding units, Diluted">755,385</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_907_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_pip0_c20241229__20250628__us-gaap--StatementClassOfStockAxis__custom--ClassBUnitsMember_zJgKTAkBsPWf" title="Weighted average outstanding units, Basic"><span id="xdx_90F_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_pip0_c20241229__20250628__us-gaap--StatementClassOfStockAxis__custom--ClassBUnitsMember_zZ5GCd3yUdu7" title="Weighted average outstanding units, Diluted">755,385</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Per unit amount</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 2.5pt">Class A</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(0.71</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(0.64</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(1.66</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(2.08</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 2.5pt">Class B</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(6.25</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(5.65</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(14.58</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(18.26</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> </table>

-525000

-474000

-1224000

-1533000

-4722000

-4268000

-11016000

-13793000

735385

755385

-0.71

-0.64

-1.66

-2.08

-6.25

-5.65

-14.58

-18.26

(7) Investment in National Beef Packing Company, LLC USPB’s 15.0729% investment in NBP is accounted for using the equity method of accounting, as the Company has the ability to exercise significant influence over NBP, but does not have financial or operational control. The table below summarizes the changes to USPB’s investment in NBP for the quarterly and year-to-date periods ended June 27, 2026 and June 28, 2025 (unaudited) (thousands of dollars): <table cellpadding="0" cellspacing="0" id="xdx_898_eus-gaap--EquityMethodInvestmentsTextBlock_pn3n3_z9dmVyWNUA3a" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 60%" summary="xdx: Disclosure - Investment in National Beef Packing Company, LLC (Details - Investment rollforward)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-left: 10pt">Schedule of changes to USPB’s investment in NBP</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="width: 43%">Investment at December 27, 2025</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_981_eus-gaap--InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_iS_pn3n3_c20251228__20260328_zEKQjJ9CacL1" style="width: 13%; text-align: right" title="Beginning investment balance">179,759</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-left: 10pt">Equity in net loss for thirteen-week period</td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--IncomeLossFromEquityMethodInvestments_pn3n3_c20251228__20260328_zpXfFFLwsdz5" style="text-align: right" title="Equity in net income loss for the period">(6,646</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="padding-bottom: 1pt; padding-left: 10pt">Distributions</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_986_eus-gaap--EquityMethodInvestmentDividendsOrDistributions_iN_pn3n3_di0_c20251228__20260328_zbkGXDdHPjO3" style="border-bottom: Black 1pt solid; text-align: right" title="Distributions">–</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Investment at March 28, 2026</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_iS_pn3n3_c20260329__20260627_zxnzzVnRoR5l" style="text-align: right" title="Beginning investment balance">173,113</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left; padding-left: 10pt">Equity in net loss for thirteen-week period</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--IncomeLossFromEquityMethodInvestments_pn3n3_c20260329__20260627_zNmOKdlHLnB7" style="text-align: right" title="Equity in net income loss for the period">(5,474</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; padding-left: 10pt">Distributions</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_987_eus-gaap--EquityMethodInvestmentDividendsOrDistributions_iN_pn3n3_di0_c20260329__20260627_zjdFN63bFmXl" style="border-bottom: Black 1pt solid; text-align: right" title="Distributions">–</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="padding-bottom: 2.5pt">Investment at June 27, 2026</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98D_eus-gaap--InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_iE_pn3n3_c20260329__20260627_zqrIyqZiVyt7" style="border-bottom: Black 2.5pt double; text-align: right" title="Ending investment balance">167,639</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: right"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td>Investment at December 28, 2024</td><td> </td> <td style="text-align: left">$</td><td id="xdx_983_eus-gaap--InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_iS_pn3n3_c20241229__20250329_z1USvmWRWMMe" style="text-align: right" title="Beginning investment balance">169,381</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-left: 10pt">Equity in net loss for thirteen-week period</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--IncomeLossFromEquityMethodInvestments_pn3n3_c20241229__20250329_zozThBIPglz5" style="text-align: right" title="Equity in net income loss for the period">(10,263</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="padding-bottom: 1pt; padding-left: 10pt">Distributions</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_eus-gaap--EquityMethodInvestmentDividendsOrDistributions_iN_pn3n3_di0_c20241229__20250329_zGv3KKLHFDm3" style="border-bottom: Black 1pt solid; text-align: right" title="Distributions">–</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Investment at March 29, 2025</td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eus-gaap--InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_iS_pn3n3_c20250330__20250628_ztkvp1H6Tpi1" style="text-align: right" title="Beginning investment balance">159,118</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left; padding-left: 10pt">Equity in net loss for thirteen-week period</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--IncomeLossFromEquityMethodInvestments_pn3n3_c20250330__20250628_zJBghxevQ7wl" style="text-align: right" title="Equity in net income loss for the period">(5,290</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; padding-left: 10pt">Distributions</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_983_eus-gaap--EquityMethodInvestmentDividendsOrDistributions_iN_pn3n3_di0_c20250330__20250628_zhpcjfBIUBJ2" style="border-bottom: Black 1pt solid; text-align: right" title="Distributions">–</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="padding-bottom: 2.5pt">Investment at June 28, 2025</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98F_eus-gaap--InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_iE_pn3n3_c20250330__20250628_zO6ByHos4YLi" style="border-bottom: Black 2.5pt double; text-align: right" title="Ending investment balance">153,828</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> The difference between USPB’s percentage ownership share of NBP net loss and the recorded amount of Equity in net loss of NBP is attributable to the amortization of a basis difference related to the purchase accounting for NBP’s acquisition of Ohio Beef in 2019. Below is a summary of the results of operations for NBP for the quarterly and year-to-date periods ended June 27, 2026 and June 28, 2025 (thousands of dollars): <table cellpadding="0" cellspacing="0" id="xdx_89D_eus-gaap--ScheduleOfInvestmentsInAndAdvancesToAffiliatesScheduleOfInvestmentsTableTextBlock_pn3n3_zfNJKV4GXyBh" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Investment in National Beef Packing Company, LLC (Details - Summary of operations)"> <tr style="vertical-align: bottom"> <td style="text-align: left">Schedule of results of operations for NBP</td><td> </td> <td style="text-align: left"> </td><td id="xdx_493_20260329__20260627_zPeRjseNa0Z8" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_498_20250330__20250628_z6crZ4v1JBsj" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_499_20251228__20260627_znf6z9ddpJqc" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_499_20241229__20250628_zsyMQpEriCti" style="text-align: center"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">13-weeks ended</td><td style="padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; text-align: center">26-weeks ended</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">June 27, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">June 28, 2025</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">June 27, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">June 28, 2025</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">(unaudited)</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">(unaudited)</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">(unaudited)</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">(unaudited)</td></tr> <tr id="xdx_409_ecustom--EquityMethodInvestmentsNetSales_maEMIOIzgWK_zOD2KNEctoM" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="width: 32%; text-align: left">Net sales</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">3,748,080</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">3,263,256</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">7,239,258</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">6,529,485</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--CostsAndExpensesAbstract_iB" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Costs and expenses:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_404_ecustom--EquityMethodInvestmentsCostsOfRevenue_maEMITCzGzn_zaIw8SxiGZIj" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="padding-left: 10pt">Cost of sales</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,714,652</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,216,822</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7,187,918</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6,466,795</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_ecustom--EquityMethodInvestmentsSellingGeneralAndAdministrativeExpenses_maEMITCzGzn_z15cYBCDtljl" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-left: 10pt">Selling, general, and administrative expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">14,179</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">25,501</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">22,293</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">56,140</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_ecustom--EquityMethodInvestmentsDepreciationAndAmortization_maEMITCzGzn_zlfDQ3DFQUAf" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left; padding-bottom: 1pt; padding-left: 10pt">Depreciation and amortization</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">45,050</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">42,707</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">88,958</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">84,399</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_402_ecustom--EquityMethodInvestmentsTotalCostsAndExpenses_iT_mtEMITCzGzn_msEMIOIzgWK_zkso4dAbiexh" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt; padding-left: 10pt">Total costs and expenses</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">3,773,881</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">3,285,030</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">7,299,169</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">6,607,334</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_407_ecustom--EquityMethodInvestmentsOperatingIncomeExpense_iT_mtEMIOIzgWK_maEMISFz1gT_zANev2HpVBmc" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left; padding-left: 10pt">Operating loss</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(25,800</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(21,774</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(59,911</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(77,849</td><td style="text-align: left">)</td></tr> <tr id="xdx_40F_eus-gaap--NonoperatingIncomeExpenseAbstract_iB" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Other income (expense):</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_409_ecustom--EquityMethodInvestmentIncomeInterest_maEMISFz1gT_zKsqwxsX6dud" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left; padding-left: 10pt">Interest income</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">74</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">18</td><td style="text-align: left"> </td></tr> <tr id="xdx_400_ecustom--EquityMethodInvestmentInterestExpense_iN_di_msEMISFz1gT_zKFZb6Ys7iZ1" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt; padding-left: 10pt">Interest expense</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(9,780</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(12,855</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(19,257</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(24,397</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_40E_ecustom--EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLossBeforeTaxes_iT_mtEMISFz1gT_maEMIPLzFym_zJsMF8REqws7" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left; padding-bottom: 1pt; padding-left: 10pt">Net loss before taxes</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(35,575</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(34,622</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(79,094</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(102,228</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_40C_ecustom--EquityMethodInvestmentSummarizedFinancialInformationIncomeTaxExpense_iN_di_msEMIPLzFym_zdKFPigklJMd" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Income tax refund</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">257</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">522</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">683</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,042</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_401_ecustom--EquityMethodInvestmentProfitLoss_iT_mtEMIPLzFym_zAa4MAc2UNZb" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left; padding-bottom: 2.5pt; padding-left: 10pt">Net loss</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(35,318</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(34,100</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(78,411</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(101,186</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> </table>

<table cellpadding="0" cellspacing="0" id="xdx_898_eus-gaap--EquityMethodInvestmentsTextBlock_pn3n3_z9dmVyWNUA3a" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 60%" summary="xdx: Disclosure - Investment in National Beef Packing Company, LLC (Details - Investment rollforward)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-left: 10pt">Schedule of changes to USPB’s investment in NBP</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="width: 43%">Investment at December 27, 2025</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_981_eus-gaap--InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_iS_pn3n3_c20251228__20260328_zEKQjJ9CacL1" style="width: 13%; text-align: right" title="Beginning investment balance">179,759</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-left: 10pt">Equity in net loss for thirteen-week period</td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--IncomeLossFromEquityMethodInvestments_pn3n3_c20251228__20260328_zpXfFFLwsdz5" style="text-align: right" title="Equity in net income loss for the period">(6,646</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="padding-bottom: 1pt; padding-left: 10pt">Distributions</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_986_eus-gaap--EquityMethodInvestmentDividendsOrDistributions_iN_pn3n3_di0_c20251228__20260328_zbkGXDdHPjO3" style="border-bottom: Black 1pt solid; text-align: right" title="Distributions">–</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Investment at March 28, 2026</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_iS_pn3n3_c20260329__20260627_zxnzzVnRoR5l" style="text-align: right" title="Beginning investment balance">173,113</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left; padding-left: 10pt">Equity in net loss for thirteen-week period</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--IncomeLossFromEquityMethodInvestments_pn3n3_c20260329__20260627_zNmOKdlHLnB7" style="text-align: right" title="Equity in net income loss for the period">(5,474</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; padding-left: 10pt">Distributions</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_987_eus-gaap--EquityMethodInvestmentDividendsOrDistributions_iN_pn3n3_di0_c20260329__20260627_zjdFN63bFmXl" style="border-bottom: Black 1pt solid; text-align: right" title="Distributions">–</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="padding-bottom: 2.5pt">Investment at June 27, 2026</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98D_eus-gaap--InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_iE_pn3n3_c20260329__20260627_zqrIyqZiVyt7" style="border-bottom: Black 2.5pt double; text-align: right" title="Ending investment balance">167,639</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: right"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td>Investment at December 28, 2024</td><td> </td> <td style="text-align: left">$</td><td id="xdx_983_eus-gaap--InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_iS_pn3n3_c20241229__20250329_z1USvmWRWMMe" style="text-align: right" title="Beginning investment balance">169,381</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-left: 10pt">Equity in net loss for thirteen-week period</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--IncomeLossFromEquityMethodInvestments_pn3n3_c20241229__20250329_zozThBIPglz5" style="text-align: right" title="Equity in net income loss for the period">(10,263</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="padding-bottom: 1pt; padding-left: 10pt">Distributions</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_eus-gaap--EquityMethodInvestmentDividendsOrDistributions_iN_pn3n3_di0_c20241229__20250329_zGv3KKLHFDm3" style="border-bottom: Black 1pt solid; text-align: right" title="Distributions">–</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Investment at March 29, 2025</td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eus-gaap--InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_iS_pn3n3_c20250330__20250628_ztkvp1H6Tpi1" style="text-align: right" title="Beginning investment balance">159,118</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left; padding-left: 10pt">Equity in net loss for thirteen-week period</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--IncomeLossFromEquityMethodInvestments_pn3n3_c20250330__20250628_zJBghxevQ7wl" style="text-align: right" title="Equity in net income loss for the period">(5,290</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; padding-left: 10pt">Distributions</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_983_eus-gaap--EquityMethodInvestmentDividendsOrDistributions_iN_pn3n3_di0_c20250330__20250628_zhpcjfBIUBJ2" style="border-bottom: Black 1pt solid; text-align: right" title="Distributions">–</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="padding-bottom: 2.5pt">Investment at June 28, 2025</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98F_eus-gaap--InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_iE_pn3n3_c20250330__20250628_zO6ByHos4YLi" style="border-bottom: Black 2.5pt double; text-align: right" title="Ending investment balance">153,828</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

179759000

-6646000

-0

173113000

-5474000

-0

167639000

169381000

-10263000

-0

159118000

-5290000

-0

153828000

<table cellpadding="0" cellspacing="0" id="xdx_89D_eus-gaap--ScheduleOfInvestmentsInAndAdvancesToAffiliatesScheduleOfInvestmentsTableTextBlock_pn3n3_zfNJKV4GXyBh" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Investment in National Beef Packing Company, LLC (Details - Summary of operations)"> <tr style="vertical-align: bottom"> <td style="text-align: left">Schedule of results of operations for NBP</td><td> </td> <td style="text-align: left"> </td><td id="xdx_493_20260329__20260627_zPeRjseNa0Z8" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_498_20250330__20250628_z6crZ4v1JBsj" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_499_20251228__20260627_znf6z9ddpJqc" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_499_20241229__20250628_zsyMQpEriCti" style="text-align: center"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">13-weeks ended</td><td style="padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; text-align: center">26-weeks ended</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">June 27, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">June 28, 2025</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">June 27, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">June 28, 2025</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">(unaudited)</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">(unaudited)</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">(unaudited)</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">(unaudited)</td></tr> <tr id="xdx_409_ecustom--EquityMethodInvestmentsNetSales_maEMIOIzgWK_zOD2KNEctoM" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="width: 32%; text-align: left">Net sales</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">3,748,080</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">3,263,256</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">7,239,258</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">6,529,485</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--CostsAndExpensesAbstract_iB" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Costs and expenses:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_404_ecustom--EquityMethodInvestmentsCostsOfRevenue_maEMITCzGzn_zaIw8SxiGZIj" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="padding-left: 10pt">Cost of sales</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,714,652</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,216,822</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7,187,918</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6,466,795</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_ecustom--EquityMethodInvestmentsSellingGeneralAndAdministrativeExpenses_maEMITCzGzn_z15cYBCDtljl" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-left: 10pt">Selling, general, and administrative expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">14,179</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">25,501</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">22,293</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">56,140</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_ecustom--EquityMethodInvestmentsDepreciationAndAmortization_maEMITCzGzn_zlfDQ3DFQUAf" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left; padding-bottom: 1pt; padding-left: 10pt">Depreciation and amortization</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">45,050</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">42,707</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">88,958</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">84,399</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_402_ecustom--EquityMethodInvestmentsTotalCostsAndExpenses_iT_mtEMITCzGzn_msEMIOIzgWK_zkso4dAbiexh" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt; padding-left: 10pt">Total costs and expenses</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">3,773,881</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">3,285,030</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">7,299,169</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">6,607,334</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_407_ecustom--EquityMethodInvestmentsOperatingIncomeExpense_iT_mtEMIOIzgWK_maEMISFz1gT_zANev2HpVBmc" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left; padding-left: 10pt">Operating loss</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(25,800</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(21,774</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(59,911</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(77,849</td><td style="text-align: left">)</td></tr> <tr id="xdx_40F_eus-gaap--NonoperatingIncomeExpenseAbstract_iB" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Other income (expense):</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_409_ecustom--EquityMethodInvestmentIncomeInterest_maEMISFz1gT_zKsqwxsX6dud" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left; padding-left: 10pt">Interest income</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">74</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">18</td><td style="text-align: left"> </td></tr> <tr id="xdx_400_ecustom--EquityMethodInvestmentInterestExpense_iN_di_msEMISFz1gT_zKFZb6Ys7iZ1" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt; padding-left: 10pt">Interest expense</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(9,780</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(12,855</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(19,257</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(24,397</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_40E_ecustom--EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLossBeforeTaxes_iT_mtEMISFz1gT_maEMIPLzFym_zJsMF8REqws7" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left; padding-bottom: 1pt; padding-left: 10pt">Net loss before taxes</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(35,575</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(34,622</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(79,094</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(102,228</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_40C_ecustom--EquityMethodInvestmentSummarizedFinancialInformationIncomeTaxExpense_iN_di_msEMIPLzFym_zdKFPigklJMd" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Income tax refund</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">257</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">522</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">683</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,042</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_401_ecustom--EquityMethodInvestmentProfitLoss_iT_mtEMIPLzFym_zAa4MAc2UNZb" style="vertical-align: bottom; background-color: rgb(204,255,255)"> <td style="text-align: left; padding-bottom: 2.5pt; padding-left: 10pt">Net loss</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(35,318</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(34,100</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(78,411</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(101,186</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> </table>

3748080000 3263256000 7239258000 6529485000 3714652000 3216822000 7187918000 6466795000 14179000 25501000 22293000 56140000 45050000 42707000 88958000 84399000 3773881000 3285030000 7299169000 6607334000 -25800000 -21774000 -59911000 -77849000 5000 7000 74000 18000 9780000 12855000 19257000 24397000 -35575000 -34622000 -79094000 -102228000 -257000 -522000 -683000 -1042000 -35318000 -34100000 -78411000 -101186000

(8) Income Taxes Effective August 29, 2004, the Company converted to an LLC, and under this structure, taxes are not assessed at the Company level as the results of operations are included in the taxable income of the individual members. Although income taxes are assessed to the individual members, USPB is required to withhold state income taxes from the cash distributions it makes to its members. As of June 27, 2026 and December 27, 2025, Other accrued expenses and liabilities on the Company’s balance sheet reflected state taxes payable of $0.0 million and $0.0 million, respectively.

(9) Long-term Debt and Loan Agreements On June 24, 2025, USPB and CoBank entered into an Amended and Restated Revolving Term Promissory Note (the “A&R Note”). The A&R Note amended and restated the Amended and Restated Revolving Term Promissory Note, dated July 13, 2020, issued by the USPB to CoBank, which had a scheduled maturity of June 30, 2025. The A&R Note was issued under that certain Credit Agreement, dated July 13, 2020, between USPB and CoBank and is secured by an Affirmation of Pledge Agreement, dated July 13, 2020, providing CoBank with a first-priority security interest in USPB’s membership interests in, and distributions from, NBP. The A&R Note provides for a $<span id="xdx_907_eus-gaap--LineOfCreditFacilityMaximumBorrowingCapacity_iI_pn6n6_c20250624__us-gaap--LineOfCreditFacilityAxis__custom--CoBankMember__us-gaap--CreditFacilityAxis__us-gaap--RevolvingCreditFacilityMember_zin5VF0Bt7E7" title="Credit line maximum borrowing capacity">1.0 million revolving term commitment. That commitment carries a term of five years, maturing on <span id="xdx_905_eus-gaap--LineOfCreditFacilityExpirationDate1_dd_c20250623__20250624__us-gaap--LineOfCreditFacilityAxis__custom--CoBankMember__us-gaap--CreditFacilityAxis__us-gaap--RevolvingCreditFacilityMember_zZYgG1sjAIe1" title="Credit line expiration date">June 30, 2030. Amounts outstanding under the A&R Note bear interest at <span id="xdx_901_eus-gaap--LineOfCreditFacilityInterestRateDuringPeriod_pip0_dp_c20250623__20250624__us-gaap--LineOfCreditFacilityAxis__custom--CoBankMember__us-gaap--CreditFacilityAxis__us-gaap--RevolvingCreditFacilityMember_zEpd1xFwOYo7" title="Interest rate">2.6% plus the higher of <span id="xdx_909_eus-gaap--DebtInstrumentInterestRateEffectivePercentage_iI_pip0_dp_c20250624__us-gaap--LineOfCreditFacilityAxis__custom--CoBankMember__us-gaap--CreditFacilityAxis__us-gaap--RevolvingCreditFacilityMember_zBEmgrZqJR3j" title="Interest rate percentage">0.00% and Daily Simple SOFR (as defined in the A&R Note). USPB may request that the amount of the revolving loan commitment be increased by an aggregate amount of up to $<span id="xdx_904_eus-gaap--LineOfCreditFacilityMaximumBorrowingCapacity_iI_pn6n6_c20250624__us-gaap--CreditFacilityAxis__us-gaap--RevolvingCreditFacilityMember_zWv2NjqnYzN6" title="Revolving loan commitment amount">30.0 million. Any requested increase must be for at least $<span id="xdx_904_eus-gaap--LineOfCreditFacilityIncreaseDecreaseForPeriodNet_pn6n6_c20251228__20260627__us-gaap--CreditFacilityAxis__us-gaap--RevolvingCreditFacilityMember_z94uw2Kr9DG2" title="Increase in advancing amount">5.0 million and advancing such amount will be at the discretion of CoBank. USPB was in compliance with the financial covenant under its Credit Agreement as of June 27, 2026.

1000000

2030-06-30

0.026

0.0000

30000000

5000000

(10) Legal Proceedings As of June 27, 2026, USPB is not involved in any litigation. However, because its ownership interest in NBP is USPB’s largest asset and because of the cattle procurement and distribution relationship between USPB and NBP, litigation involving NBP may impact USPB. NBP is a defendant in (i) five putative class action lawsuits in the United States District Court for the District of Minnesota alleging that NBP violated some combination of the Sherman Antitrust Act, the Packers and Stockyards Act, the Commodity Exchange Act, and various state laws (the “US Class Actions”) and (ii) putative class action lawsuits in the Supreme Court of British Columbia and the Superior Court of Quebec for the district of Montreal alleging that it violated the Canadian Competition Act and various provincial laws (the “Canadian Class Actions” and the "US Class Actions” are collectively referred to as the “Beef Class Actions”). The Beef Class Actions are entitled In re Cattle Antitrust Litigation, which was filed originally on April 23, 2019; Peterson et al. v. JBS USA Food Company Holdings, et al., which was filed originally on April 26, 2019; In re DPP Beef Litigation, which was filed originally on April 26, 2019; Erbert & Gerbert’s, Inc. v. JBS USA Food Company Holdings, et al., which was filed originally on June 18, 2020; Specht v. Tyson Foods, Inc., et al., which was filed originally on October 31, 2022; Giang Bui v. Cargill, Incorporated, et al. which was filed originally on February 18, 2022; and Sylvie De Bellefeuille v. Cargill, Inc. et al., which was filed originally on March 24, 2022. Since the original class action complaints were filed, certain purchasers of beef products have opted to file individual complaints and to proceed with direct actions making similar claims (the “Opt-Out Cases”), and others may do so in the future. The Opt-Out Cases are entitled Winn-Dixie Stores, Inc. and Bi-Lo Holding, LLC v. Cargill, Inc., et al., which was filed on August 2, 2021 in the United States District Court, Minnesota; Cheney Brothers, Inc. v. Cargill, Inc., et al., which was filed on January 31, 2022 in the United States District Court, Southern District of Florida; Subway v. Cargill, Inc. et al., which was filed on February 22, 2022 in the United States District Court, Connecticut; Amory Investments LLC v. Cargill, Inc. et al., which was filed originally on March 8, 2022 in the United States District Court, Northern District of New York; Associated Grocers, Inc., et al. v. Cargill, Inc., et al., which was filed originally on May 12, 2022 in the United States District Court, Northern District of Illinois; Giant Eagle, Inc. v. Cargill, Inc., et al., which was filed originally on June 8, 2022 in the United States District Court, Northern District of Illinois; Sysco Corporation v. Cargill, Inc., et al., which was filed originally on September 30, 2022 in the United States District Court, Southern District of Texas; John Soules Foods, Inc. v. Cargill, Inc., et al., which was filed originally on August 5, 2022 in the United States District Court, Eastern District of Texas; Associated Grocers of the South et al. v. Cargill, Inc., et al., which was filed originally on September 15, 2022 in the United States District Court, District of Montana; The Kroger Co. et al. v. Cargill, Inc., et al., which was filed originally on September 15, 2022 in the United States District Court, District of Montana; Spartannash Co vs. Cargill, Inc. et al, which was filed originally on September 21, 2022 in the United States District Court, Northern District of Illinois; Kraft Heinz Food Company v. Cargill Inc., et al., which was filed originally on September 30, 2022 in the United States District Court, Eastern District of New York; Aramark Food and Support Services Group., Inc. v. Cargill Inc., et al., which was filed originally on September 30, 2022 in the United States District Court, Eastern District of New York; ARCOP, Inc. v. Cargill, Inc., et al., which was filed originally on December 19, 2022 in the United States District Court, Southern District of Florida; CKE Restaurant Holdings, Inc. v. Cargill, Inc., et al., which was filed originally on December 19, 2022 in the United States District Court, Southern District of Florida; Sonic Industries Services Inc. v. Cargill, Inc. et al., which was filed originally on December 20, 2022 in the United States District Court, Southern District of Florida; Restaurant Services, Inc. v. Cargill, Inc., et al., which was filed originally on December 20, 2022 in the United States District Court, Southern District of Florida; Whatabrands LLC et al. vs. Cargill, Inc., et al. which was filed originally on December 20, 2022 in the United States District Court, Southern District of Florida; Sherwood Food Distributors, LLC et al. v. Cargill, Inc., et al., which was filed originally on March 7, 2023 in the United States District Court, Eastern District of New York; McClane Company, Inc v. Cargill, Inc., et al., which was filed originally on April 3, 2023 in the United States District Court, Southern District of Florida; Aldi, Inc v. Cargill, Inc., et al., which was filed originally on August 28, 2023 in the United States District Court, Northern District of Illinois; Quirich Foods, LLC et al. v. Cargill, Inc., et al., which was filed originally on October 9, 2023 in the United States District Court, Northern District of Illinois; Conagra Brands, Inc v. Cargill, Inc., et al., which was filed originally on October 31, 2023 in the United States District Court, Northern District of Illinois; Compass Group USA, Inc v. Cargill, Inc., et al., which was filed originally on October 31, 2023 in the United States District Court, Western District of North Carolina; Target Corp v. Cargill, Inc., et al., which was filed originally on December 29, 2023 in the United States District Court, Eastern District of New York; BJ’s Wholesale Club, Inc v. Cargill, Inc., et al., which was filed originally on December 29, 2023 in the United States District Court, Eastern District of New York; Glazier Foods Co et al. v. Cargill, Inc., et al., which was filed originally on December 29, 2023 in the United States District Court, Eastern District of New York; Jetro Holdings, Inc v. Cargill, Inc., et al., which was filed originally on December 29, 2023 in the United States District Court, Eastern District of New York; Quality Supply Chain Co-Op, Inc. v. Cargill, Inc., et al., which was filed originally on December 29, 2023 in the United States District Court, Eastern District of New York; and Sodexo, Inc., et al. v. Cargill, Inc., et al., which was filed originally on April 29, 2024 in the United States District Court of Maryland, and McDonald’s Corporation v. Cargill, Inc., et. al., which was originally filed on October 4, 2024 in the United States District Court, Eastern District of New York. On October 4, 2022, the US Class Actions and Opt-Out Cases were consolidated for pretrial proceedings as a multi-district litigation case (“MDL”) in the United States District Court, Minnesota District under the style In re: Cattle and Beef Antitrust Litigation. On July 16, 2026, the court issued two orders in the consolidated MDL, ruling on the plaintiffs’ motions for class certification in the US Class Actions. The court denied the motion to certify the putative class of plaintiffs alleging claims related to cattle futures trading and denied the motion to certify the putative class of plaintiffs who indirectly sold feeder cattle to defendants. The court denied as moot Defendants’ motions to exclude some or all of the opinions of the plaintiffs’ experts in these cases. The court certified four other classes: sellers of fed cattle (although the court modified the class definition “to exclude persons or entities who were USPB shareholders from June 1, 2015 to February 29, 2020”), direct purchasers of beef, commercial and institutional indirect purchasers of beef, and consumer indirect purchasers of beef. The Court also denied certification of all of the injunctive relief classes sought in these cases, but did so without prejudice, as well as all motions made by defendants to exclude some or all of the opinions of plaintiffs’ experts in these actions. The plaintiffs in these cases seek treble damages and other relief under various laws including the Sherman Antitrust Act, the Canadian Competition Act, the Packers & Stockyards Act, and/or the Commodities Exchange Act and various state and provincial laws and attorneys’ fees. NBP believes it has meritorious defenses to the claims in these cases and intends to defend them vigorously. There can be no assurances, however, as to the outcome of these matters or the impact on NBP’s consolidated financial position, results of operations and cash flows. NBP has negotiated a settlement with the plaintiffs in the Canadian Class Actions and has paid into a trust account CAN $495,000 to resolve these claims. The settlement is subject to approval of the Canadian courts overseeing the matters. If the settlement is not ultimately approved, there can be no assurances, however, as to the outcome of the Canadian Class Actions or the impact on the NBP’s consolidated financial position, results of operations and cash flows. In addition to the antitrust litigation, NBP is subject to an investigation by the United States Department of Justice (“DOJ”) and approximately 30 state attorneys general regarding fed cattle and beef packing markets. NBP has responded to the federal and state requests for information and cooperated with the investigations. In September 2025, NBP received notice from the DOJ that it was closing the federal investigation, and then in November 2025 the DOJ initiated a new civil antitrust investigation. NBP is currently working with the DOJ to define any new information being requested by the agency, and NBP is cooperating with this new investigation. NBP believes it has meritorious defenses to any potential claims that might arise out of any of the open investigations, although there can be no assurance as to the outcome of these investigations or the impact on NBP’s consolidated financial position, results of operations and cash flows. NBP is a defendant in a putative class action lawsuit entitled Brown, et al. v. JBS USA Food Company et al. and filed in the United States District Court for the District of Colorado on November 1, 2022. The defendants filed motions to dismiss, which the court denied except as to NBP’s subsidiary, Iowa Premium. The plaintiffs filed an amended complaint on January 12, 2024. The amended complaint alleges that the defendants directly and through industry wage surveys and a benchmarking service (i) fixed wages and benefits, and (ii) exchanged information regarding compensation and benefits in an effort to depress and stabilize wages and benefits in violation of federal antitrust laws. The plaintiffs seek, among other things, treble monetary damages, pre- and post-judgment interest, declaratory and injunctive relief and the costs of the suit (including attorney fees). NBP believes it has meritorious defenses to the claims in this case, and if this proceeds to trial, intends to defend the case vigorously; however, NBP has negotiated a settlement with the plaintiffs in the employee wages and benefits matter. The settlement was submitted to the District Court for approval and the District Court granted a motion to preliminarily approve the settlement for approximately $14.2 million on January 15, 2025. NBP has paid the settlement funds into escrow. If the settlement is not ultimately approved, there can be no assurances, however, as to the outcome of this case or the impact on the NBP’s consolidated financial position, results of operations and cash flows. NBP is a party to various other lawsuits and claims arising out of the operation of its business. Management of NBP believes the ultimate resolution of such matters should not have a material adverse effect on NBP’s financial condition, results of operations or liquidity. USPB is not able to assess what impact, if any, the actions described above will have on NBP or USPB.

(11) Subsequent Events USPB has evaluated subsequent events through the date the financial statements were issued and determined there were no such other events to report.

false false false false Amounts reflect those recorded in National Beef Packing Company, LLC and subsidiaries consolidated financial statements. Amounts reflect those recorded in National Beef Packing Company, LLC and subsidiaries consolidated financial statements. Amounts reflect those recorded in National Beef Packing Company, LLC and subsidiaries consolidated financial statements. Amounts reflect those recorded in National Beef Packing Company, LLC and subsidiaries consolidated financial statements.