An Etymological Dictionary of the German Language/Beute
Beute (1.), f., ‘kneading trough, beehive,’ from MidHG. biute, f., OHG. biutta, f., with the same meaning; it presupposes Goth. *biudja. Bütte is the most nearly allied, unless the latter is of Rom. origin. The derivation from OHG. biot, Goth. biuþs, AS. beód, ‘table,’ seems uncertain; of course AS. beód also means ‘dish.’
Beute (2.), f., ‘booty,’ from the equiv. MidHG. biute; on account of Du. buit, OIc. bŷte, ‘booty, exchange,’ hence ‘to exchange, divide,’ the t indicates that the word was borrowed. E. booty is derived from the OIc. bŷte, but it has also been confused with boot, ‘gain, advantage’ (see Buße). The t would have become fs, tz in HG. As t would represent the dental in Goth., bieten, Goth. biudan cannot, according to the laws of the permutation of consonants, be allied to Beute; we must assume that the root of the latter is Goth. bût, pre-Teut. bhū̆d. Fr. butin, ‘booty,’ is borrowed from these cognates. Comp. OIr. buaid, ‘victory.’