September 5, 2017

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Today (September 5th), the Seaboard Triumph Foods (STF) Pork Processing Plant in Sioux City, Iowa begins operations, marking the completion of the largest design-build project in Epsteins 96 year history. This modern fresh pork facility will begin with one shift of commercial operations that will ramp-up employment to approximately 1,100 employees once the shift reaches full production. At full one-shift capacity, the facility will process upwards of 10,000 head of market hogs a day.

Epsteins executive managing director and chief financial officer, James A. Jirsa, calls the completion of the STF plant, A grand example of Epsteins world-class planning, design, engineering and construction services for clients in the food industry. And, furthermore, it has been our pleasure to collaborate with STF and help deliver their state-of-the-art processing facility.

Focused on high quality, consistent, wholesome pork, this STF pork processing facility will use robotics and innovative technologies to produce a full-line of fresh pork products for retail, international, food service, and further processing markets to help fill the increasing world-wide demand for pork. Seaboard Foods will market and sell the pork produced by the Sioux City plant under the PrairieFresh® Premium Pork and Seaboard Farms® brands. The plant will also supply Dailys® Premium Meats with raw materials for its premium pork products, including raw and precooked bacon.

Approximately 30 percent of the market hogs at the Sioux City plant will be sourced from regional farmers who align with Seaboard Foods and Triumph Foods animal care and environmental stewardship practices, and share a common commitment to seeking a better way to produce wholesome pork. The remaining hogs will be supplied by Triumph Foods producer-owners and Seaboard Foods farms.

Since site work began in late September 2015, numerous local and regional contractors partnered with STF and its project design and construction management firm, Epstein, to build the modern fresh pork plant focused on food safety and efficiency to meet the growing demands of domestic and international customers. The pro-business environment, local and state leadership, ample regional hog supplies, and shovel ready site made Sioux City the prime location to build this state-of-the-art facility.

STFs Chief Operating Officer Mark Porter stated, Weve seen great support from the community and local and state government. With their input and our focus on stewardship, the plant design includes modern odor control technologies, bioenergy solutions, and numerous environmentally friendly features. He added, I couldnt be more proud of the new plant, our team, and all the local and state partners that have helped bring this project to completion over the past two years. We are excited to begin commercial operations and supply the most sought after pork products to our diverse global consumers.

Lastly, the plant opening marks a milestone for Seaboard Triumph Foods, a joint venture owned equally by Seaboard Foods and Triumph Foods, which was formed to construct a new pork processing facility in Sioux City. Seaboard Foods is a wholly-owned subsidiary of Seaboard Corporation (NYSE MKT: SEB) with a pork processing plant in Guymon, Okla. Triumph Foods is owned exclusively by pork producers with a pork processing plant in St. Joseph, Mo. Seaboard Foods markets and sells pork products produced by both the Guymon and St. Joseph plants under the PrairieFresh® Premium Pork and Seaboard Farms® brands. Together, Seaboard Foods and Triumph Foods also own Dailys Premium Meats, which manufactures and distributes premium bacon products throughout the United States and internationally.