News Releases

NEW YORK, December 1, 2008 – NYSE Regulation, Inc. (“NYSE Regulation”) announced today that it determined that the common stock of Pilgrim’s Pride Corporation (the “Company”) – ticker symbol PPC – should be suspended immediately.

This decision was reached in view of the Company’s announcement today that in an effort to address certain short-term operational and liquidity challenges, it filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Northern District of Texas. Due to the relative uncertainty surrounding the reorganization process, NYSE Regulation determined that the security is no longer suitable for listing.

The Company has a right to a review of this determination by a Committee of the Board of Directors of NYSE Regulation. Application to the Securities and Exchange Commission to delist the issue is pending the completion of applicable procedures, including any appeal by the Company of the NYSE Regulation staff decision.   The NYSE noted that it may, at any time, suspend a security if it believes that continued dealings in the security on the NYSE are not advisable.

Company contact:
Gary Rhodes
Vice President, Corporate Communications & Investor Relations
903.434.1495