Pork Division – Seaboard, through its subsidiary Seaboard Foods LLC,
engages in the business of hog production and pork processing in the U.S. Through
these operations, Seaboard produces and sells fresh and frozen pork products
to further processors, foodservice operators, grocery stores, distributors and
retail outlets throughout the U.S. Internationally, Seaboard sells to these
same types of customers in Japan, Mexico and numerous other foreign markets.
Other further processing companies also purchase Seaboard’s fresh and
frozen pork products in bulk and produce products, such as lunchmeat, ham, bacon,
and sausage. Fresh pork, such as loins, tenderloins and ribs are sold to distributors
and grocery stores. Seaboard sells some of its fresh products under the brand
name Prairie Fresh®. Seaboard’s hog processing plant is located in
Guymon, Oklahoma and generally operates at capacity. Seaboard also has a ham-boning
and processing plant in Mexico. Seaboard earns fees, based primarily on the
number of head processed, to market substantially all of the products produced
by Triumph Foods, LLC (“Triumph”) at its pork processing plant located
in St. Joseph, Missouri.
Seaboard’s hog production operations consist of the breeding and raising
of over four million hogs annually primarily at facilities owned by Seaboard
or at facilities owned and operated by third parties with whom Seaboard has
grower contracts. The hog production operations are located in the Central U.S.
As a part of the hog production operations, Seaboard produces specially formulated
feed for the hogs at five owned feed mills. The remaining hogs processed are
purchased from third-party hog producers, primarily pursuant to purchase contracts.
Commodity Trading and Milling Division – Seaboard’s Commodity Trading
and Milling Division is an integrated agricultural commodity trading, processing
and logistics company. This division markets wheat, corn, soybean meal and other
commodities in bulk to third parties and affiliated companies. This division
is principally managed under the name of Seaboard Overseas and Trading Group
and conducts business primarily through its subsidiaries, Seaboard Overseas
Limited with offices in Colombia, Ecuador, Isle of Man, Kenya, Singapore and
South Africa, Seaboard Overseas Trading and Shipping (PTY) Ltd. located in South
Africa, PS International, LLC located in Chapel Hill, North Carolina, and its
non-consolidated affiliates, ContiLatin del Peru S.A. located in Lima, Peru,
Interra International, LLC located in Atlanta, Georgia, Cereoil Uruguay S.A.
located in Montevideo, Uruguay, and Plum Grove Pty Ltd located in Fremantle,
Australia. This division also operates a grain and specialty crop storage and
throughput facility through Fill-More Seeds, Inc. located in Fillmore, Canada,
and an ocean transportation brokerage operation through Seaboard Bulk Services,
Ltd. located in Athens, Greece. All of the commodities marketed by this division
are purchased from growing regions worldwide, with primary destinations being
Africa, South America and the Caribbean. This division sources, transports and
markets approximately nine million tons of agricultural commodities on an annual
basis. Seaboard integrates the service of delivering commodities to its customers
through the use of short-term chartered bulk vessels and its three owned bulk
carriers.
Marine Division – Seaboard, through its subsidiary, Seaboard Marine Ltd.,
and various foreign affiliated companies and third party agents, provides cargo
shipping services to 26 countries between the U.S., the Caribbean Basin, and
Central and South America. Seaboard uses a network of offices and agents throughout
the U.S., Canada, Latin America and the Caribbean Basin to book cargo to and
from the U.S. and between the countries it serves. Through agreements with a
network of connecting carriers, Seaboard can transport cargo to and from numerous
U.S. locations by either truck or rail to and from one of its U.S. port locations,
where it is staged for export via vessel or received as import cargo from abroad.
Sugar Division – Seaboard, through its subsidiaries, Ingenio y Refineria
San Martin del Tabacal S.R.L. and Alconoa S.R.L., as well as other Argentine
non-consolidated affiliates, grows sugarcane, which it uses to produce refined
sugar and alcohol in Argentina. This division also purchases sugar in bulk from
third parties mostly within Argentina for subsequent resale. The sugar products
are mostly sold in Argentina, primarily to retailers, soft drink manufacturers,
and food manufacturers, with some exports to the U.S. and other South American
countries. Seaboard grows a large portion of the sugarcane on the nearly 70,000
acres of land it owns in northern Argentina. The cane is processed at an owned
mill, one of the largest in Argentina, with a current processing capacity of
approximately 250,000 metric tons of sugar and approximately 15 million gallons
of alcohol per year. Also, this division owns a 51 megawatt cogeneration power
plant that is fueled by using sugarcane by-products, natural gas and other biomass
when available.
Power Division – Seaboard, through its subsidiary, Transcontinental Capital
Corp. (Bermuda) Ltd., is an independent power producer generating electricity
for the local power grid in the Dominican Republic. Seaboard operates one owned
floating power generating facility with capacity to generate approximately 108
megawatts of electricity. The facility is secured on the Ozama River in Santo
Domingo, Dominican Republic. This operation is exempt from U.S. regulations
under the Public Utility Holding Company Act of 1938, as amended. Seaboard is
not directly involved in the transmission or distribution of electricity. Seaboard
primarily sells on the spot market accessed primarily by wholly government-owned
distribution companies or partially government-owned generation companies. This
division also has a 29.9% noncontrolling interest in a 300 megawatt electricity
generating facility in the Dominican Republic.
Turkey Segment – Seaboard has a 50% noncontrolling voting interest in
Butterball, LLC (“Butterball”). Butterball is a vertically integrated
producer, processor and marketer of branded and non-branded turkey and other
products. Butterball has four processing plants, three further processing plants
and numerous live production and feed milling operations located in North Carolina,
Arkansas, Missouri, Illinois and Kansas. Butterball produces over one billion
pounds of turkey each year. Butterball is a national supplier to retail and
foodservice outlets, and also exports products to Mexico and numerous other
foreign markets.
Other Businesses – Seaboard processes jalapeño peppers at its plant
in Honduras, which are primarily shipped to and sold in the U.S.
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