Investor Presentaiton

Commodity Trends - Pork Pork Index Chart 9.0 8.0 7.0 6.0 USD Based 5.0 Index 4.0 Per lbs 3.0 2.0 1.0 0.0 week 13 2019 week 26 2020 week 39 week 52 2021 Index is comprised of a weighted basket of the following pork products: legs, 72% trim and bellies Source: USDA Extraordinary Times Extraordinary Team Demand factors Reopening of economies Substitution Consumer disposable income Rising consumer prices Supply factors Labor shortages - particularly impacting value-added inputs Rising feed costs (lower weights, future production) China ASF recovery Supply chain disruptions as supply channels and demand patterns begin to normalize 41

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