| x | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|--------------------------------------------------------------------------------------|

| ¨ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|--------|------------------------------------------------------------------------------------------|

| For the transition period from |   | to |   |
|--------------------------------|--------|----|--------|

| Delaware                                                                                             | 75-1285071                           |
|------------------------------------------------------------------------------------------------------|--------------------------------------|
| (State or other jurisdiction of                                                                      | (I.R.S. Employer Identification No.) |
| incorporation or organization)                                                                       |                                 |
|                                                                                                 |                                 |
| 4845 US Hwy 271 North                                                                                |                                 |
| Pittsburg, Texas                                                                                     | 75686-0093                           |
| (Address of principal executive offices)                                                             | (Zip code)                           |
|                                                                                                 |                                 |
| Registrant’s telephone number, including area code:  (903) 434-1000                  |
|                                                                                                 |                                 |
| Securities registered pursuant to Section 12(b) of the Act:  None                          |                                 |
|                                                                                                 |                                 |
| Securities registered pursuant to Section 12(g) of the Act:  Common Stock, Par Value $0.01 |                                 |

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TABLE OF CONTENTS

| PART I                                                                                                    | Page                                                                                                               |
|-----------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------|
| Item 1.                                                                                                   | Business                                                                                                           | 4 |
| Item 1A.                                                                                                  | Risk Factors                                                                                                       | 29 |
| Item 1B.                                                                                                  | Unresolved Staff Comments                                                                                          | 46 |
| Item 2.                                                                                                   | Properties                                                                                                         | 46 |
| Item 3.                                                                                                   | Legal Proceedings                                                                                                  | 48 |
| Item 4.                                                                                                   | Submission of Matters to a Vote of Security Holders                                                                | 55 |
|                                                                                                      |                                                                                                               |   |
| PART II                                                                                                   |                                                                                                               |
| Item 5.                                                                                                   | Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities |  56 |
| Item 6.                                                                                                   | Selected Financial Data                                                                                            | 58 |
| Item 7.                                                                                                   | Management’s Discussion and Analysis of Financial Condition and Results                                      | 63 |
|                                                                                                      | of Operations                                                                                                      |   |
| Item 7A.                                                                                                  | Quantitative and Qualitative Disclosures about Market Risk                                                         | 102 |
| Item 8.                                                                                                   | Financial Statements and Supplementary Data (see Index to Financial Statements and                                 | 104 |
|                                                                                                      | Schedules below)                                                                                                   |   |
| Item 9.                                                                                                   | Changes in and Disagreements with Accountants on Accounting and Financial                                          | 104 |
|                                                                                                      | Disclosure                                                                                                         |   |
| Item 9A.                                                                                                  | Controls and Procedures                                                                                            | 104 |
| Item 9B.                                                                                                  | Other Information                                                                                                  | 108 |
|                                                                                                      |                                                                                                               |   |
| PART III                                                                                                  |                                                                                                               |
| Item 10.                                                                                                  | Directors and Executive Officers and Corporate Governance                                                          | 109 |
| Item 11.                                                                                                  | Executive Compensation                                                                                             | 109 |
| Item 12.                                                                                                  | Security Ownership of Certain Beneficial Owners and Management and Related                                         | 109 |
|                                                                                                      | Stockholder Matters                                                                                                |   |
| Item 13.                                                                                                  | Certain Relationships and Related Transactions, and Director Independence                                          | 109 |
| Item 14.                                                                                                  | Principal Accounting Fees and Services                                                                             | 110 |
|                                                                                                      |                                                                                                               |   |
| PART IV                                                                                                   |                                                                                                               |
| Item 15.                                                                                                  | Exhibits and Financial Statement Schedules                                                                         | 111 |
| Signatures                                                                                                |                                                                                                               | 120 |
|                                                                                                      |                                                                                                               |   |
| INDEX TO FINANCIAL STATEMENTS AND SCHEDULES                                                               |                                                                                                               |
| Report of Independent Registered Public Accounting Firm                                                   | 123                                                                                                                |
| Consolidated Balance Sheets as of September 26, 2009 and September 27, 2008                               | 125                                                                                                                |
| Consolidated Statements of Operations for each of the three years endedSeptember 26, 2009                 | 126                                                                                                                |
| Consolidated Statements of Stockholders’ Equity for each of the three years endedSeptember 26, 2009 | 127                                                                                                                |
| Consolidated Statements of Cash Flows for each of the three years endedSeptember 26, 2009                 | 128                                                                                                                |
| Notes to Consolidated Financial Statements                                                                | 129                                                                                                                |
| Schedule II—Valuation and Qualifying Accounts for each of the three years endedSeptember 26, 2009   | 194                                                                                                                |

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| Item 1. | Business |
|---------|----------|

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|   | Products and Markets |
|--------|----------------------|

| (1) | Fresh chicken products, which are refrigerated (non-frozen) whole or cut-up chickens sold to the foodservice industry either pre-marinated or non-marinated. Fresh chicken also includes prepackaged case-ready chicken, which includes various combinations of freshly refrigerated, whole chickens and chicken parts in trays, bags or other consumer packs labeled and priced ready for the retail grocer's fresh meat counter. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Prepared chicken products, which are products such as portion-controlled breast fillets, tenderloins and strips, delicatessen products, salads, formed nuggets and patties and bone-in chicken parts. These products are sold either refrigerated or frozen and may be fully cooked, partially cooked or raw. In addition, these products are breaded or non-breaded and either pre-marinated or non-marinated. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| (3) | Export and other chicken products, which are primarily parts and whole chicken, either refrigerated or frozen for US export or domestic use, and prepared chicken products for US export. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (1)   | Foodservice customers, which are customers such as chain restaurants, food processors, foodservice distributors and certain other institutions. We sell products to our foodservice customers ranging from portion-controlled refrigerated chicken parts to fully-cooked and frozen, breaded or non-breaded chicken parts or formed products. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | Retail customers, which are customers such as grocery store chains, wholesale clubs and other retail distributors. We sell to our retail customers branded, pre-packaged, cut-up and whole poultry, and fresh refrigerated or frozen whole chicken and chicken parts in trays, bags or other consumer packs. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3)   | Export and other chicken product customers, who purchase chicken products for export to Eastern Europe (including Russia), the Far East (including China), Mexico and other world markets. Our export and other chicken products, with the exception of our exported prepared chicken products, consist of whole chickens and chicken parts sold primarily in bulk,non-branded form, either refrigerated to distributors in the US or frozen for distribution to export markets. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (1)   | Other types of meat protein along with various other staples purchased and sold by our distribution centers as a convenience to our chicken customers who purchase through the distribution centers. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | The production and sale of table eggs, commercial feeds and related items, live hogs and protein conversion products. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------|

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|                      |   | 2009           |      |   | 2008       |   |      | 2007(a)    |   |   | 2006       |   |   | 2005       |      |
|---------------------------|--------|----------------|-----------|--------|------------|--------|-----------|------------|--------|--------|------------|--------|--------|------------|-----------|
|                      |   | (52 weeks)     |      |   | (52 weeks) |   |      | (52 weeks) |   |   | (52 weeks) |   |   | (52 weeks) |      |
| US chicken:               |   | (In thousands) |      |
| Prepared chicken:         |   |           |      |   |       |   |      |       |   |   |       |   |   |       |      |
| Foodservice               |   | $              | 1,828,038 |   |       | $      | 2,033,489 |       |   | $      | 1,897,643  |   |   | $          | 1,567,297 |   |   | $ | 1,622,901 |   |
| Retail                    |   |           | 466,538   |   |       |   | 518,576   |       |   |   | 511,470    |   |   |       | 308,486   |   |   |   | 283,392 |   |
|                      |   |           |      |   |       |   |      |       |   |   |       |   |   |       |      |   |   |   |   |   |
| Total prepared chicken    |   |           | 2,294,576 |   |       |   | 2,552,065 |       |   |   | 2,409,113  |   |   |       | 1,875,783 |   |   |   | 1,906,293 |   |
|                      |   |           |      |   |       |   |      |       |   |   |       |   |   |       |      |   |   |   |   |   |
| Fresh chicken:            |   |           |      |   |       |   |      |       |   |   |       |   |   |       |      |   |   |   |   |   |
| Foodservice               |   |           | 2,128,112 |   |       |   | 2,550,339 |       |   |   | 2,280,057  |   |   |       | 1,388,451 |   |   |   | 1,509,189 |   |
| Retail                    |   |           | 984,950   |   |       |   | 1,041,446 |       |   |   | 975,659    |   |   |       | 496,560   |   |   |   | 612,081 |   |
|                      |   |           |      |   |       |   |      |       |   |   |       |   |   |       |      |   |   |   |   |   |
| Total fresh chicken       |   |           | 3,113,062 |   |       |   | 3,591,785 |       |   |   | 3,255,716  |   |   |       | 1,885,011 |   |   |   | 2,121,270 |   |
|                      |   |           |      |   |       |   |      |       |   |   |       |   |   |       |      |   |   |   |   |   |
| Export and other:         |   |           |      |   |       |   |      |       |   |   |       |   |   |       |      |   |   |   |   |   |
| Export:                   |   |           |      |   |       |   |      |       |   |   |       |   |   |       |      |   |   |   |   |   |
| Prepared chicken          |   |           | 85,135    |   |       |   | 94,795    |       |   |   | 83,317     |   |   |       | 64,338    |   |   |   | 59,473 |   |
| Fresh chicken             |   |           | 553,407   |   |       |   | 818,239   |       |   |   | 559,429    |   |   |       | 257,823   |   |   |   | 303,150 |   |
|                      |   |           |      |   |       |   |      |       |   |   |       |   |   |       |      |   |   |   |   |   |
| Total export(b)           |   |           | 638,542   |   |       |   | 913,034   |       |   |   | 642,746    |   |   |       | 322,161   |   |   |   | 362,623 |   |
| Other chicken by-products |   |           | 17,734    |   |       |   | 20,163    |       |   |   | 20,779     |   |   |       | 15,448    |   |   |   | 21,083 |   |
|                      |   |           |      |   |       |   |      |       |   |   |       |   |   |       |      |   |   |   |   |   |
| Total export and other    |   |           | 656,276   |   |       |   | 933,197   |       |   |   | 663,525    |   |   |       | 337,609   |   |   |   | 383,706 |   |
|                      |   |           |      |   |       |   |      |       |   |   |       |   |   |       |      |   |   |   |   |   |
| Total US chicken          |   |           | 6,063,914 |   |       |   | 7,077,047 |       |   |   | 6,328,354  |   |   |       | 4,098,403 |   |   |   | 4,411,269 |   |
|                      |   |           |      |   |       |   |      |       |   |   |       |   |   |       |      |   |   |   |   |   |
| Mexico chicken            |   |           | 487,785   |   |       |   | 543,583   |       |   |   | 488,466    |   |   |       | 418,745   |   |   |   | 403,353 |   |
|                      |   |           |      |   |       |   |      |       |   |   |       |   |   |       |      |   |   |   |   |   |
| Total chicken             |   |           | 6,551,699 |   |       |   | 7,620,630 |       |   |   | 6,816,820  |   |   |       | 4,517,148 |   |   |   | 4,814,622 |   |
|                      |   |           |      |   |       |   |      |       |   |   |       |   |   |       |      |   |   |   |   |   |
| Other products:           |   |           |      |   |       |   |      |       |   |   |       |   |   |       |      |   |   |   |   |   |
| US                        |   |           | 505,738   |   |       |   | 863,495   |       |   |   | 661,115    |   |   |       | 618,575   |   |   |   | 626,056 |   |
| Mexico                    |   |           | 30,618    |   |       |   | 34,632    |       |   |   | 20,677     |   |   |       | 17,006    |   |   |   | 20,759 |   |
|                      |   |           |      |   |       |   |      |       |   |   |       |   |   |       |      |   |   |   |   |   |
| Total other products      |   |           | 536,356   |   |       |   | 898,127   |       |   |   | 681,792    |   |   |       | 635,581   |   |   |   | 646,815 |   |
|                      |   |           |      |   |       |   |      |       |   |   |       |   |   |       |      |   |   |   |   |   |
| Total net sales           |   | $              | 7,088,055 |   |       | $      | 8,518,757 |       |   | $      | 7,498,612  |   |   | $          | 5,152,729 |   |   | $ | 5,461,437 |   |
|                      |   |           |      |   |       |   |      |       |   |   |       |   |   |       |      |   |   |   |   |   |
| Total prepared chicken    |   | $              | 2,379,711 |   |       | $      | 2,646,860 |       |   | $      | 2,492,430  |   |   | $          | 1,940,121 |   |   | $ | 1,965,766 |   |

| (a) | The Gold Kist acquisition on December 27, 2006, was accounted for as a purchase. |
|-----|----------------------------------------------------------------------------------|

| (b) | Export items include certain chicken parts that have greater value in the overseas markets than in the US. |
|-----|------------------------------------------------------------------------------------------------------------|

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|                                              |   | 2009   |   |   | 2008   |   |   | 2007(a) |   |   | 2006   |   |   | 2005   |   |
|---------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|---------|--------|--------|--------|--------|--------|--------|--------|
| Prepared chicken:                                 |   |   |   |   |   |   |   |    |   |   |   |   |   |   |   |
| Foodservice                                       |   |   | 30.1   | %      |   |   | 28.8   | %       |   |   | 30.1   | %      |   |   | 38.2   | % |   |   | 36.8 | % |
| Retail                                            |   |   | 7.8    | %      |   |   | 7.3    | %       |   |   | 8.1    | %      |   |   | 7.5    | % |   |   | 6.4 | % |
|                                              |   |   |   |   |   |   |   |    |   |   |   |   |   |   |   |   |   |   |   |   |
| Total prepared chicken                            |   |   | 37.9   | %      |   |   | 36.1   | %       |   |   | 38.2   | %      |   |   | 45.7   | % |   |   | 43.2 | % |
|                                              |   |   |   |   |   |   |   |    |   |   |   |   |   |   |   |   |   |   |   |   |
| Fresh chicken:                                    |   |   |   |   |   |   |   |    |   |   |   |   |   |   |   |   |   |   |   |   |
| Foodservice                                       |   |   | 35.1   | %      |   |   | 36.0   | %       |   |   | 36.0   | %      |   |   | 33.9   | % |   |   | 34.2 | % |
| Retail                                            |   |   | 16.2   | %      |   |   | 14.7   | %       |   |   | 15.4   | %      |   |   | 12.1   | % |   |   | 13.9 | % |
|                                              |   |   |   |   |   |   |   |    |   |   |   |   |   |   |   |   |   |   |   |   |
| Total fresh chicken                               |   |   | 51.3   | %      |   |   | 50.7   | %       |   |   | 51.4   | %      |   |   | 46.0   | % |   |   | 48.1 | % |
|                                              |   |   |   |   |   |   |   |    |   |   |   |   |   |   |   |   |   |   |   |   |
| Export and other:                                 |   |   |   |   |   |   |   |    |   |   |   |   |   |   |   |   |   |   |   |   |
| Export:                                           |   |   |   |   |   |   |   |    |   |   |   |   |   |   |   |   |   |   |   |   |
| Prepared chicken                                  |   |   | 1.4    | %      |   |   | 1.3    | %       |   |   | 1.3    | %      |   |   | 1.6    | % |   |   | 1.3 | % |
| Fresh chicken                                     |   |   | 9.1    | %      |   |   | 11.6   | %       |   |   | 8.8    | %      |   |   | 6.3    | % |   |   | 6.9 | % |
|                                              |   |   |   |   |   |   |   |    |   |   |   |   |   |   |   |   |   |   |   |   |
| Total export(b)                                   |   |   | 10.5   | %      |   |   | 12.9   | %       |   |   | 10.1   | %      |   |   | 7.9    | % |   |   | 8.2 | % |
| Other chicken by-products                         |   |   | 0.3    | %      |   |   | 0.3    | %       |   |   | 0.3    | %      |   |   | 0.4    | % |   |   | 0.5 |   |
|                                              |   |   |   |   |   |   |   |    |   |   |   |   |   |   |   |   |   |   |   |   |
| Total export and other                            |   |   | 10.8   | %      |   |   | 13.2   | %       |   |   | 10.4   | %      |   |   | 8.3    | % |   |   | 8.7 | % |
|                                              |   |   |   |   |   |   |   |    |   |   |   |   |   |   |   |   |   |   |   |   |
| Total US chicken                                  |   |   | 100.0  | %      |   |   | 100.0  | %       |   |   | 100.0  | %      |   |   | 100.0  | % |   |   | 100.0 | % |
|                                              |   |   |   |   |   |   |   |    |   |   |   |   |   |   |   |   |   |   |   |   |
| Total prepared chicken as a percent of US chicken |   |   | 39.2   | %      |   |   | 37.4   | %       |   |   | 39.5   | %      |   |   | 47.3   | % |   |   | 44.5 | % |

| (a) | The Gold Kist acquisition on December 27, 2006, was accounted for as a purchase. |
|-----|----------------------------------------------------------------------------------|

| (b) | Export items include certain chicken parts that have greater value in the overseas markets than in the US. |
|-----|------------------------------------------------------------------------------------------------------------|

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| ·   | There has been significant growth in the number of foodservice operators offering chicken on their menus and in the number of chicken items offered. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Foodservice operators are increasingly purchasing prepared chicken products, which allow them to reduce labor costs while providing greater product consistency, quality and variety across all restaurant locations. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | There is a strong need among larger foodservice companies for a limited-source supplier base in the prepared chicken market. A viable supplier must be able to ensure supply, demonstrate innovation and new product development and provide competitive pricing. We have been successful in our objective of becoming a supplier of choice by being the primary orsecondary prepared chicken supplier to many large foodservice companies because: |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| §   | We are vertically integrated, giving us control over our supply of chicken and chicken parts; |
|--------------------|-----------------------------------------------------------------------------------------------|

| §   | Our further processing facilities, with a wide range of capabilities, are particularly well suited to the high-volume production as well as low-volume custom production runs necessary to meet both the capacity and quality requirements of the foodservice market; and |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| §   | We have established a reputation for dependable quality, highly responsive service and excellent technical support. |
|--------------------|---------------------------------------------------------------------------------------------------------------------|

| ·   | As a result of the experience and reputation developed with larger customers, we have increasingly become the principal supplier to mid-sized foodservice organizations. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Our in-house product development group follows a customer-driven research and development focus designed to develop new products to meet customers’ changing needs. Our research and development personnel often work directly with institutional customers in developing products for these customers. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| ·   | We are a leader in utilizing advanced processing technology, which enables us to better meet our customers’ needs for product innovation, consistent quality and cost efficiency. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| ·   | Consolidating or eliminating second shifts at Live Oak, Florida; Athens, Georgia; and Nacogdoches and Waco, Texas. |
|--------------------|--------------------------------------------------------------------------------------------------------------------|

| ·   | Realigning operations into four geographic regions to flatten the organization, speed decision-making and reduce costs. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------|

| ·   | Expanding focus on lean manufacturing to reduce waste and gain additional value from existing processes. |
|--------------------|----------------------------------------------------------------------------------------------------------|

| ·   | Strengthening the management team by hiring senior-level industry veterans to oversee sales, marketing and business development. Jerry Wilson joined the Company in early March 2009 as executive vice president of sales and marketing. He was previously vice president of sales and marketing for Keystone Foods. Greg Tatum joined the Company in February 2009as senior vice president of business development. He previously served as chief financial officer of Claxton Poultry and served in a business development role previously at Seaboard Corporation. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| ·   | Closing/idling processing facilities in El Dorado, Arkansas; Douglas, Georgia; and Farmerville, Louisiana, which produced mostly low-value commodity chicken. The Farmerville facility was subsequently sold to Foster Poultry Farms for approximately $72.3 million in May 2009. These three plants employed a total of approximately 3,000 people or approximatelyseven percent of the Company's total US workforce. Approximately 500 independent contract growers who supplied birds to these three plants also were affected. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Closing a protein salad operation in Franconia, Pennsylvania, and shifting production to a further-processing facility in Moorefield, West Virginia. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Closing a chicken processing plant in Dalton, Georgia, and consolidating production at the Company's processing facility in Chattanooga, Tennessee. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------|

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| Name                |   | Age |   | Positions                                                  |
|---------------------|--------|-----|--------|------------------------------------------------------------|
| Lonnie "Bo" Pilgrim |   | 81  |   | Senior Chairman of the Board                               |
| Don Jackson         |   | 58  |   | President, Chief Executive Officer and Director            |
| Richard A. Cogdill  |   | 49  |   | Chief Financial Officer, Secretary, Treasurer and Director |
| William K. Snyder   |   | 50  |   | Chief Restructuring Officer                                |

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| ·   | It could affect our ability to satisfy our obligations under the Exit Credit Facility; |
|--------------------|----------------------------------------------------------------------------------------|

| ·   | A substantial portion of our cash flow from operations will be required to be dedicated to interest and principal payments and may not be available for operations, working capital, capital expenditures, expansion, acquisitions or general corporate or other purposes; |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| ·   | Our ability to obtain additional financing and to fund working capital, capital expenditures and other general corporate requirements in the future may be impaired; |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | We may be more highly leveraged than some of their competitors, which may place us at a competitive disadvantage; |
|--------------------|-------------------------------------------------------------------------------------------------------------------|

| ·   | Our flexibility in planning for, or reacting to, changes in our business may be limited; |
|--------------------|------------------------------------------------------------------------------------------|

| ·   | It may limit our ability to pursue acquisitions and sell assets; and |
|--------------------|----------------------------------------------------------------------|

| ·   | It may make us more vulnerable in the event of another downturn in our business or the economy in general. |
|--------------------|------------------------------------------------------------------------------------------------------------|

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| ·   | Consolidating corporate and administrative infrastructures and eliminating duplicative operations; |
|--------------------|----------------------------------------------------------------------------------------------------|

| ·   | Maintaining employee morale and retaining key employees; |
|--------------------|----------------------------------------------------------|

| ·   | The diversion of management's attention from ongoing business concerns; |
|--------------------|-------------------------------------------------------------------------|

| ·   | Coordinating geographically separate organizations; |
|--------------------|-----------------------------------------------------|

| ·   | Unanticipated issues in integrating information technology, communications and other systems; and |
|--------------------|---------------------------------------------------------------------------------------------------|

| ·   | Managing tax costs or inefficiencies associated with integrating the operations of the combined company. |
|--------------------|----------------------------------------------------------------------------------------------------------|

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| ·   | Price; |
|--------------------|--------|

| ·   | Product quality; |
|--------------------|------------------|

| ·   | Product development; |
|--------------------|----------------------|

| ·   | Brand identification; |
|--------------------|-----------------------|

| ·   | Breadth of product line; and |
|--------------------|------------------------------|

| ·   | Customer service. |
|--------------------|-------------------|

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| ·   | Currency exchange rate fluctuations; |
|--------------------|--------------------------------------|

| ·   | Trade barriers; |
|--------------------|-----------------|

| ·   | Exchange controls; |
|--------------------|--------------------|

| ·   | Expropriation; and |
|--------------------|--------------------|

| ·   | Changes in laws and policies, including tax laws and laws governing foreign-owned operations. |
|--------------------|-----------------------------------------------------------------------------------------------|

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PART II

| Item 5. | Market for the Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities |
|---------|------------------------------------------------------------------------------------------------------------------------|

|    |   | 2009 Prices |   |   | 2008 Prices |   |   | 2008   |   |
|---------|--------|-------------|--------|--------|-------------|--------|--------|--------|--------|
| Quarter |   | High        |   |   | Low         |   |   | High   |   |   | Low |   |   | Dividends |   |
|    |   |        |   |   |        |   |   |   |   |   |   |   |   |   |   |
| First   |   | $           | 4.98   |   |        | $      | 0.14   |   |   | $ | 35.98 |   |   | $ | 22.52 |   |   | $ | 0.0225 |   |
| Second  |   | $           | 2.99   |   |        | $      | 0.46   |   |   | $ | 28.96 |   |   | $ | 20.38 |   |   | $ | 0.0225 |   |
| Third   |   | $           | 6.70   |   |        | $      | 1.40   |   |   | $ | 27.15 |   |   | $ | 12.90 |   |   | $ | 0.0225 |   |
| Fourth  |   | $           | 7.90   |   |        | $      | 3.67   |   |   | $ | 18.16 |   |   | $ | 3.26 |   |   | $ | 0.0225 |   |

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Table of Contents

| Year Ended                  |   | 10/2/04 |   |   | 10/1/05 |   |   | 9/30/06 |   |   | 9/29/07 |   |   | 9/27/08 |   |   | 9/26/09 |   |
|-----------------------------|--------|---------|--------|--------|---------|--------|--------|---------|--------|--------|---------|--------|--------|---------|--------|--------|---------|--------|
|                        |   |    |   |   |    |   |   |    |   |   |    |   |   |    |   |   |    |   |
| Pilgrim's Pride Corporation |   | $       | 100.00 |   |    | $      | 133.13 |    |   | $      | 103.30  |   |   | $       | 131.53 |   |    | $      | 13.51 |   |   | $ | 26.87 |   |
| Russell 2000                |   | $       | 100.00 |   |    | $      | 113.10 |    |   | $      | 129.73  |   |   | $       | 142.61 |   |    | $      | 160.21 |   |   | $ | 160.21 |   |
| Peer Group                  |   | $       | 100.00 |   |    | $      | 116.71 |    |   | $      | 113.11  |   |   | $       | 124.70 |   |    | $      | 97.70 |   |   | $ | 94.60 |   |

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Table of Contents

Item 6. 

| (In thousands, except ratios and per share data)                |   | Eleven Years Ended September 26, 2009 |      |
|-----------------------------------------------------------------|--------|---------------------------------------|-----------|
|                                                            |   | 2009(a)                               |      |   |   | 2008(a) |   |   |   | 2007(a)(b) |   |   |   | 2006(a) |   |
|                                                            |   |                                  |      |   |   |   |   |   |   |   |   |   |   |   |   |
| Income Statement Data:                                          |   |                                  |      |   |   |   |   |   |   |   |   |   |   |   |   |
| Net sales                                                       |   | $                                     | 7,088,055 |   |   |   | $ | 8,518,7578,540, |   |   |   | $ | 7,498,612 |   |   |   | $ | 5,152,729 |   |
| Gross profit (loss)(e)                                          |   |                                  | 370,434   |   |   |   |   | (163,495 | ) |   |   |   | 592,730 |   |   |   |   | 297,083 |   |
| Goodwill impairment                                             |   |                                  | —   |   |   |   |   | 501,446 |   |   |   |   | — |   |   |   |   | — |   |
| Operating income (loss)(e)                                      |   |                                  | 67,327    |   |   |   |   | (1,057,696 | ) |   |   |   | 237,191 |   |   |   |   | 11,105 |   |
| Interest expense, net                                           |   |                                  | 157,543   |   |   |   |   | 131,627 |   |   |   |   | 118,542 |   |   |   |   | 38,965 |   |
| Loss on early extinguishment of debt                            |   |                                  | —   |   |   |   |   | — |   |   |   |   | 26,463 |   |   |   |   | — |   |
| Reorganization items, net                                       |   |                                  | 87,275    |   |   |   |   | — |   |   |   |   | — |   |   |   |   | — |   |
| Income (loss) from continuing operations before income taxes(e) |   |                                  | (173,767  | ) |   |   |   | (1,187,093 | ) |   |   |   | 98,835 |   |   |   |   | (26,626 | ) |
| Income tax expense (benefit)(f)                                 |   |                                  | (21,586   | ) |   |   |   | (194,921 | ) |   |   |   | 47,319 |   |   |   |   | 1,573 |   |
| Income (loss) from continuing operations(e)                     |   |                                  | (152,181  | ) |   |   |   | (992,172 | ) |   |   |   | 51,516 |   |   |   |   | (28,199 | ) |
| Net income (loss)(e)                                            |   |                                  | (151,582  | ) |   |   |   | (998,581 | ) |   |   |   | 47,017 |   |   |   |   | (34,232 | ) |
| Ratio of earnings to fixed charges(g)                           |   | (g)                                   |      |   |   | (g) |   |   |   |   | 1.63 | x |   |   | (g) |   |
|                                                            |   |                                  |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Per Common Share Data:                                          |   |                                  |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Income (loss) from continuing operations                        |   | $                                     | (2.06     | ) |   |   | $ | (14.31 | ) |   |   | $ | 0.77 |   |   |   | $ | (0.42 | ) |
| Net income (loss)                                               |   |                                  | (2.05     | ) |   |   |   | (14.40 | ) |   |   |   | 0.71 |   |   |   |   | (0.51 | ) |
| Cash dividends                                                  |   |                                  | —   |   |   |   |   | 0.09 |   |   |   |   | 0.09 |   |   |   |   | 1.09 |   |
| Book value                                                      |   |                                  | 2.04      |   |   |   |   | 5.07 |   |   |   |   | 17.61 |   |   |   |   | 16.79 |   |
|                                                            |   |                                  |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance Sheet Summary:                                          |   |                                  |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Working capital surplus (deficit)(h)                            |   | $                                     | 858,030   |   |   |   | $ | (1,262,242 | ) |   |   | $ | 395,858 |   |   |   | $ | 528,837 |   |
| Total assets                                                    |   |                                  | 3,060,504 |   |   |   |   | 3,298,709 |   |   |   |   | 3,774,236 |   |   |   |   | 2,426,868 |   |
| Notes payable and current maturities of long-term debt(i)       |   |                                  | —   |   |   |   |   | 1,874,469 |   |   |   |   | 2,872 |   |   |   |   | 10,322 |   |
| Long-term debt, less current maturities(i)                      |   |                                  | 41,062    |   |   |   |   | 67,514 |   |   |   |   | 1,318,558 |   |   |   |   | 554,876 |   |
| Total stockholders’ equity                                |   |                                  | 150,920   |   |   |   |   | 351,741 |   |   |   |   | 1,172,221 |   |   |   |   | 1,117,328 |   |
|                                                            |   |                                  |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash Flow Summary:                                              |   |                                  |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash flows from operating activities                            |   | $                                     | 75,006    |   |   |   | $ | (680,728 | ) |   |   | $ | 463,964 |   |   |   | $ | 30,329 |   |
| Depreciation and amortization(j)                                |   |                                  | 236,005   |   |   |   |   | 240,305 |   |   |   |   | 204,903 |   |   |   |   | 135,133 |   |
| Impairment of goodwill and other assets                         |   |                                  | 5,409     |   |   |   |   | 514,630 |   |   |   |   | — |   |   |   |   | 3,767 |   |
| Purchases of investment securities                              |   |                                  | (19,958   | ) |   |   |   | (38,043 | ) |   |   |   | (125,045 | ) |   |   |   | (318,266 | ) |
| Proceeds from sale or maturity of investment securities         |   |                                  | 18,946    |   |   |   |   | 27,545 |   |   |   |   | 208,676 |   |   |   |   | 490,764 |   |
| Acquisitions of property, plant and equipment                   |   |                                  | (88,193   | ) |   |   |   | (152,501 | ) |   |   |   | (172,323 | ) |   |   |   | (143,882 | ) |
| Business acquisitions, net of equity consideration(b)(c)(d)     |   |                                  | —   |   |   |   |   | — |   |   |   |   | (1,102,069 | ) |   |   |   | — |   |
| Cash flows from financing activities                            |   |                                  | 101,153   |   |   |   |   | 797,743 |   |   |   |   | 630,229 |   |   |   |   | (38,750 | ) |
|                                                            |   |                                  |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other Data:                                                     |   |                                  |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| EBITDA(k)                                                       |   | $                                     | 212,993   |   |   |   | $ | (820,878 | ) |   |   | $ | 414,139 |   |   |   | $ | 143,443 |   |
| Adjusted EBITDA(k)                                              |   |                                  | 343,533   |   |   |   |   | (275,286 | ) |   |   |   | 440,602 |   |   |   |   | 147,210 |   |
|                                                            |   |                                  |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Key Indicators (as a percent of net sales):                     |   |                                  |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross profit (loss)(e)                                          |   |                                  | 5.2       |   | % |   |   | (1.9 | ) | % |   |   | 7.9 |   | % |   |   | 5.8 | % |
| Selling, general and administrative expenses                    |   |                                  | 4.2       |   | % |   |   | 4.4 |   | % |   |   | 4.7 |   | % |   |   | 5.6 | % |
| Operating income (loss)(e)                                      |   |                                  | 0.9       |   | % |   |   | (12.4 | ) | % |   |   | 3.2 |   | % |   |   | 0.2 | % |
| Interest expense, net                                           |   |                                  | 2.2       |   | % |   |   | 1.5 |   | % |   |   | 1.6 |   | % |   |   | 0.8 | % |
| Income (loss) from continuing operations(e)                     |   |                                  | (2.1      | ) | % |   |   | (11.6 | ) | % |   |   | 0.7 |   | % |   |   | (0.5 | ) % |
| Net income (loss)(e)                                            |   |                                  | (2.1      | ) | % |   |   | (11.7 | ) | % |   |   | 0.6 |   | % |   |   | (0.7 | ) % |

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Table of Contents

| Eleven Years Ended September 26, 2009 |
|---------------------------------------|
|                                  | 2005(a) |   | 2004(a)(c) |   | 2003(a) |   | 2002(a) |   | 2001(a)(d) |   | 2000 |   | 1999 |   |
|                                  |   |   | (53 weeks) |   |   |   |   |   |   |   |   |   | (53 weeks) |   |
|                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| $                                     | 5,461,437 | $ | 5,077,471 | $ | 2,313,667 | $ | 2,185,600 | $ | 1,975,877 | $ | 1,499,439 | $ | 1,357,403 |   |
|                                  | 751,317 |   | 611,838 |   | 249,363 |   | 153,599 |   | 197,561 |   | 165,828 |   | 185,708 |   |
|                                  | — |   | — |   | — |   | — |   | — |   | — |   | — |   |
|                                  | 458,351 |   | 385,968 |   | 137,605 |   | 48,457 |   | 90,253 |   | 80,488 |   | 109,504 |   |
|                                  | 42,632 |   | 48,419 |   | 30,726 |   | 24,199 |   | 25,619 |   | 17,779 |   | 17,666 |   |
|                                  | — |   | — |   | — |   | — |   | 1,433 |   | — |   | — |   |
|                                  | — |   | — |   | — |   | — |   | — |   | — |   | — |   |
|                                  | 427,632 |   |  332,899 |   |  144,482 |   |  28,267 |   |  62,728 |   |  62,786 |   |  90,904 |   |
|                                  | 147,543 |   | 127,142 |   | 37,870 |   | (2,475) |   | 21,051 |   | 10,442 |   | 25,651 |   |
|                                  | 279,819 |   | 205,757 |   | 106,612 |   | 30,742 |   | 41,677 |   | 52,344 |   | 65,253 |   |
|                                  | 264,979 |   | 128,340 |   | 56,036 |   | 14,335 |   | 41,137 |   | 52,344 |   | 65,253 |   |
|                                  | 7.69x |   | 6.22x |   | 4.37x |   | 1.21x |   | 1.80x |   | 3.04x |   | 4.33x |   |
|                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| $                                     | 4.20 | $ | 3.28 | $ | 2.59 | $ | 0.75 | $ | 1.01 | $ | 1.27 | $ | 1.58 |   |
|                                  | 3.98 |   | 2.05 |   | 1.36 |   | 0.35 |   | 1.00 |   | 1.27 |   | 1.58 |   |
|                                  | 0.06 |   | 0.06 |   | 0.06 |   | 0.06 |   | 0.06 |   | 0.06 |   | 0.05 |   |
|                                  | 18.38 |   | 13.87 |   | 10.46 |   | 9.59 |   | 9.27 |   | 8.33 |   | 7.11 |   |
|                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| $                                     | 404,601 | $ | 383,726 | $ | 211,119 | $ | 179,037 | $ | 203,350 | $ | 124,531 | $ | 154,242 |   |
|                                  | 2,511,903 |   | 2,245,989 |   | 1,257,484 |   | 1,227,890 |   | 1,215,695 |   | 705,420 |   | 655,762 |   |
|                                  | 8,603 |   | 8,428 |   | 2,680 |   | 3,483 |   | 5,099 |   | 4,657 |   | 4,353 |   |
|                                  | 518,863 |   | 535,866 |   | 415,965 |   | 450,161 |   | 467,242 |   | 165,037 |   | 183,753 |   |
|                                  | 1,223,598 |   | 922,956 |   | 446,696 |   | 394,324 |   | 380,932 |   | 342,559 |   | 294,259 |   |
|                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| $                                     | 493,073 | $ | 272,404 | $ | 98,892 | $ | 98,113 | $ | 87,833 | $ | 130,803 | $ | 81,452 |   |
|                                  | 134,944 |   | 113,788 |   | 74,187 |   | 70,973 |   | 55,390 |   | 36,027 |   | 34,536 |   |
|                                  | — |   | 45,384 |   | — |   | — |   | — |   | — |   | — |   |
|                                  | (305,458) |   | — |   | — |   | — |   | — |   | — |   | — |   |
|                                  | — |   | — |   | — |   | — |   | — |   | — |   | — |   |
|                                  | (116,588) |   | (79,642) |   | (53,574) |   | (80,388) |   | (112,632) |   | (92,128) |   | (69,649) |   |
|                                  | — |   | (272,097) |   | (4,499) |   | — |   | (239,539) |   | — |   | — |   |
|                                  | 18,860 |   | 96,665 |   | (39,767) |   | (21,793) |   | 246,649 |   | (24,769) |   | (19,634) |   |
|                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| $                                     | 599,274 | $ | 486,268 | $ | 239,997 | $ | 112,852 | $ | 136,604 | $ | 115,356 | $ | 142,043 |   |
|                                  | 599,274 |   | 486,268 |   | 239,997 |   | 112,852 |   | 138,037 |   | 115,356 |   | 142,043 |   |
|                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                  | 13.8 | % | 12.1 | % | 10.8 | % | 7.0 | % | 10.0 | % | 11.1 | % | 13.7 | % |
|                                  | 5.4 | % | 4.3 | % | 4.8 | % | 4.8 | % | 5.4 | % | 5.7 | % | 5.6 | % |
|                                  | 8.4 | % | 7.6 | % | 5.9 | % | 2.2 | % | 4.6 | % | 5.4 | % | 8.1 | % |
|                                  | 0.8 | % | 1.0 | % | 1.3 | % | 1.1 | % | 1.3 | % | 1.2 | % | 1.3 | % |
|                                  | 5.1 | % | 4.1 | % | 4.6 | % | 1.4 | % | 2.1 | % | 3.5 | % | 4.8 | % |
|                                  | 4.9 | % | 2.1 | % | 2.4 | % | 0.7 | % | 2.1 | % | 3.5 | % | 4.8 | % |

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| (a)    | In March 2008, the Company sold certain assets of its turkey business. We are reporting our operations with respect to this business as a discontinued operation for all periods presented.                                                                                                                                                                                                                               |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                      |
| (b)    | The Company acquired Gold Kist Inc. on December 27, 2006, for $1.139 billion. For financial reporting purposes, we have not included the operating results and cash flows of Gold Kist in our consolidated financial statements for the period from December 27, 2006, through December 30, 2006. Theoperating results and cash flows of Gold Kist from December 27, 2006, through December 30, 2006,, were not material. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                      |
| (c)    | The Company acquired the ConAgra Chicken division on November 23, 2003, for $635.2 million including the non-cash value of common stock issued of $357.5 million. The acquisition has been accounted for as a purchase and the results of operations for this acquisition have been included in our consolidated results of operations since the acquisitiondate.                                                         |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                      |
| (d)    | The Company acquired WLR Foods on January 27, 2001, for $239.5 million and the assumption of $45.5 million of indebtedness. The acquisition has been accounted for as a purchase and the results of operations for this acquisition have been included in our consolidated results of operations since the acquisition date.                                                                                              |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                      |
| (e)    | Gross profit, operating income and net income include the following non-recurring recoveries, restructuring charges and other unusual items for each of the years presented:                                                                                                                                                                                                                                              |

|                                                           |   | 2009   |    |   | 2008          |   |    | 2005   |   |   | 2004    |   |   | 2003   |    |
|----------------------------------------------------------------|--------|--------|---------|--------|---------------|--------|---------|--------|--------|--------|---------|--------|--------|--------|---------|
| Effect on gross profit and operating income:                   |   |   |    |   | (In millions) |   |
| Asset impairment and operational restructuring charges         |   | $      | (12.5   | )      |          | $      | (28.0   | )      |   | $      | — |   |   | $      | — |   |   | $ | — |   |
| Non-recurring recoveries for recall insurance                  |   | $      | — |   |          | $      | — |   |   | $      | — |   |   | $      | 23.8    |   |   | $ | — |   |
| Non-recurring recoveries for avian influenza                   |   | $      | — |   |          | $      | — |   |   | $      | — |   |   | $      | — |   |   | $ | 26.6 |   |
| Non-recurring recoveries for vitamin and methionine litigation |   | $      | — |   |          | $      | — |   |   | $      | — |   |   | $      | 0.1     |   |   | $ | 19.9 |   |
|                                                           |   |   |    |   |          |   |    |   |   |   |    |   |   |   |    |   |   |   |   |   |
| Additional effect on operating income:                         |   |   |    |   |          |   |    |   |   |   |    |   |   |   |    |   |   |   |   |   |
| Goodwill impairment                                            |   | $      | — |   |          | $      | (501.4  | )      |   | $      | — |   |   | $      | — |   |   | $ | — |   |
| Administrative restructuring charges                           |   | $      | (2.0    | )      |          | $      | (16.2   | )      |   | $      | — |   |   | $      | — |   |   | $ | — |   |
|                                                           |   |   |    |   |          |   |    |   |   |   |    |   |   |   |    |   |   |   |   |   |
| Other income for litigation settlement                         |   | $      | — |   |          | $      | — |   |   | $      | 11.7    |   |   | $      | — |   |   | $ | — |   |
| Other income for vitamin and methionine litigation             |   | $      | — |   |          | $      | — |   |   | $      | — |   |   | $      | 0.9     |   |   | $ | 36.0 |   |

| In addition, the Company estimates its losses related to the October 2002 recall (excluding insurance recoveries) and the 2002 avian influenza outbreak negatively affected gross profit and operating income in each of the years presented as follows (in millions): |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                                                                                                                                                   |   | 2004 |   |   | 2003 |   |   | 2002 |   |
| Recall effects (estimated)                                                                                                                                                                                                                                             |   | $ | (20.0 | ) |   | $ | (65.0 | ) |   | $ | — |   |
| Losses from avian influenza (estimated)                                                                                                                                                                                                                                |   | $ | — |   |   | $ | (7.3 | ) |   | $ | (25.6 | ) |

| (f)    | Income tax benefit in 2009 resulted primarily from a decrease in reserves for unrecognized tax benefits. Income tax benefit in 2008 resulted primarily from significant net operating losses incurred in 2008. The increase in tax expense in 2007 over 2006 resulted primarily from increased pretax earnings in 2007. The decrease in tax expensein 2006 from 2005 resulted primarily from a pretax loss in 2006 versus significant earnings in 2005. While the tax expense for 2005 increased over 2004, the effective tax rate for 2005 decreased from 2004. This decrease was primarily due to an increase in net income before tax in our Mexico operations, which are taxed at a lower rate than our US operations. Tax expense increased in 2004 over 2003 primarily as a result of increased pretax earnings in 2004.Tax expense increased in 2003 over fiscal 2002 primarily as a result of increased pretax earnings in 2003. This increase was offset by a benefit resulting from the reduction in a valuation allowance for net operating loss carry forwards for Mexican tax purposes. An income tax benefit for 2002 resulted from a tax benefit of $11.9 million due to Mexican tax law changes in 2002. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| (g)    | For purposes of computing the ratio of earnings to fixed charges, earnings consist of income before income taxes plus fixed charges (excluding capitalized interest). Fixed charges consist of interest (including capitalized interest) on all indebtedness, amortization of capitalized financing costs and that portion of rental expense thatwe believe to be representative of interest. Earnings were inadequate to cover fixed charges by $176.4 million, $1,192.4 million and $30.9 million in 2009, 2008 and 2006, respectively.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |

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| (h)   | We experienced a working capital deficit in 2008. Upon the filing of the Chapter 11 petitions, certain of our debt obligations became automatically and immediately due and payable, subject to an automatic stay of any action to collect, assert, or recover a claim against the Company and the application of applicable bankruptcy law.As a result, the accompanying Consolidated Balance Sheet as of September 27, 2008, included reclassifications of $1,872.1 million to reflect as current certain long-term debt under the Company’s credit facilities that was accelerated.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
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| (i)             | The Company had current maturities of pre-petition long-term debt totaling $4.2 million and pre-petition long-term debt totaling $1,999.8 million at September 26, 2009, that were included in Liabilities subject to compromise.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
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| (j)             | Includes amortization of capitalized financing costs of approximately $6.8 million, $4.9 million, $6.6 million, $2.6 million, $2.3 million, $2.0 million, $1.5 million, $1.4 million, $1.9 million, $1.2 million, and $1.1 million in 2009, 2008, 2007, 2006, 2005, 2004, 2003, 2002, 2001, 2000, and 1999, respectively.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
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| (k)             | “EBITDA” is defined as the sum of income (loss) from continuing operations plus interest, taxes, depreciation and amortization. Adjusted EBITDA excludes goodwill impairment in 2008, restructuring charges in 2009, 2008 and 2006, reorganization items in 2009 and losses on early extinguishment of debt in 2007 and 2001. EBITDA ispresented because it is used by us and we believe it is frequently used by securities analysts, investors and other interested parties, in addition to and not in lieu of results prepared in conformity with accounting principles generally accepted in the US (“GAAP”), to compare the performance of companies. We believe investors would be interested in our Adjusted EBITDA because this is how our management analyzes EBITDA from continuing operations. The Company also believes that Adjusted EBITDA, incombination with the Company's financial results calculated in accordance with GAAP, provides investors with additional perspective regarding the impact of certain significant items on EBITDA and facilitates a more direct comparison of its performance with its competitors. EBITDA and Adjusted EBITDA are not measurements of financial performance under GAAP. They should not be considered as an alternative to cash flow from operating activities or as a measure of liquidity or an alternative to net income as indicatorsof our operating performance or any other measures of performance derived in accordance with GAAP. |

|                                                      |   | 2009           |     |   | 2008   |   |     | 2007   |   |   | 2006    |   |   | 2005   |    |
|-----------------------------------------------------------|--------|----------------|----------|--------|--------|--------|----------|--------|--------|--------|---------|--------|--------|--------|---------|
|                                                      |   | (In thousands) |     |
| Income (loss) from continuing operations                  |   | $              | (152,181 | )      |   | $      | (992,172 | )      |   | $      | 51,516  |   |   | $      | (28,199 | ) |   | $ | 279,819 |   |
|                                                      |   |           |     |   |   |   |     |   |   |   |    |   |   |   |    |   |   |   |   |   |
| Add:                                                      |   |           |     |   |   |   |     |   |   |   |    |   |   |   |    |   |   |   |   |   |
| Interest expense, net                                     |   |           | 157,543  |   |   |   | 131,627  |   |   |   | 118,542 |   |   |   | 38,965  |   |   |   | 42,632 |   |
| Income tax expense (benefit)                              |   |           | (21,586  | )      |   |   | (194,921 | )      |   |   | 47,319  |   |   |   | 1,573   |   |   |   | 147,543 |   |
| Depreciation and amortization of continuing operations(i) |   |           | 236,005  |   |   |   | 239,535  |   |   |   | 203,316 |   |   |   | 133,710 |   |   |   | 131,601 |   |
|                                                      |   |           |     |   |   |   |     |   |   |   |    |   |   |   |    |   |   |   |   |   |
| Minus:                                                    |   |           |     |   |   |   |     |   |   |   |    |   |   |   |    |   |   |   |   |   |
| Amortization of capitalized financing costs(i)            |   |           | 6,788    |   |   |   | 4,947    |   |   |   | 6,554   |   |   |   | 2,606   |   |   |   | 2,321 |   |
|                                                      |   |           |     |   |   |   |     |   |   |   |    |   |   |   |    |   |   |   |   |   |
| EBITDA                                                    |   |           | 212,993  |   |   |   | (820,878 | )      |   |   | 414,139 |   |   |   | 143,443 |   |   |   | 599,274 |   |
|                                                      |   |           |     |   |   |   |     |   |   |   |    |   |   |   |    |   |   |   |   |   |
| Add:                                                      |   |           |     |   |   |   |     |   |   |   |    |   |   |   |    |   |   |   |   |   |
| Goodwill impairment                                       |   |           | —  |   |   |   | 501,446  |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Restructuring charges                                     |   |           | 43,265   |   |   |   | 44,146   |   |   |   | — |   |   |   | 3,767   |   |   |   | — |   |
| Reorganization items, net                                 |   |           | 87,275   |   |   |   | —  |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Loss on early extinguishment of debt                      |   |           | —  |   |   |   | —  |   |   |   | 26,463  |   |   |   | — |   |   |   | — |   |
|                                                      |   |           |     |   |   |   |     |   |   |   |    |   |   |   |    |   |   |   |   |   |
| Adjusted EBITDA                                           |   | $              | 343,533  |   |   | $      | (275,286 | )      |   | $      | 440,602 |   |   | $      | 147,210 |   |   | $ | 599,274 |   |

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|                                           |   | 2004           |    |   | 2003   |   |    | 2002   |   |   | 2001    |   |   | 2000   |    |   | 1999   |   |
|------------------------------------------------|--------|----------------|---------|--------|--------|--------|---------|--------|--------|--------|---------|--------|--------|--------|---------|--------|--------|--------|
|                                           |   | (In thousands) |    |
| Income (loss) from continuing operations       |   | $              | 205,757 |   |   | $      | 106,612 |   |   | $      | 30,742  |   |   | $      | 41,677  |   |   | $      | 52,344 |   |   | $ | 65,253 |   |
|                                           |   |           |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |   |   |   |   |   |   |
| Add:                                           |   |           |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |   |   |   |   |   |   |
| Interest expense, net                          |   |           | 48,419  |   |   |   | 30,726  |   |   |   | 24,199  |   |   |   | 25,619  |   |   |   | 17,779 |   |   |   | 17,666 |   |
| Income tax expense (benefit)                   |   |           | 127,142 |   |   |   | 37,870  |   |   |   | (2,475  | )      |   |   | 21,051  |   |   |   | 10,442 |   |   |   | 25,651 |   |
| Depreciation and amortization(i)               |   |           | 106,901 |   |   |   | 66,266  |   |   |   | 61,803  |   |   |   | 50,117  |   |   |   | 36,027 |   |   |   | 34,536 |   |
|                                           |   |           |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |   |   |   |   |   |   |
| Minus:                                         |   |           |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |   |   |   |   |   |   |
| Amortization of capitalized financing costs(i) |   |           | 1,951   |   |   |   | 1,477   |   |   |   | 1,417   |   |   |   | 1,860   |   |   |   | 1,236 |   |   |   | 1,063 |   |
|                                           |   |           |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |   |   |   |   |   |   |
| EBITDA                                         |   |           | 486,268 |   |   |   | 239,997 |   |   |   | 112,852 |   |   |   | 136,604 |   |   |   | 115,356 |   |   |   | 142,043 |   |
|                                           |   |           |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |   |   |   |   |   |   |
| Add:                                           |   |           |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |   |   |   |   |   |   |
| Loss on early extinguishment of debt           |   |           | — |   |   |   | — |   |   |   | — |   |   |   | 1,433   |   |   |   | — |   |   |   | — |   |
|                                           |   |           |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |   |   |   |   |   |   |
| Adjusted EBITDA                                |   | $              | 486,268 |   |   | $      | 239,997 |   |   | $      | 112,852 |   |   | $      | 138,037 |   |   | $      | 115,356 |   |   | $ | 142,043 |   |

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Item 7

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|           |   | Corn          |   |   | Soybean Meal |   |
|----------------|--------|---------------|--------|--------|--------------|--------|
|           |   | Highest Price |   |   | Lowest Price |   |   | Highest Price |   |   | Lowest Price |   |
| 2009:          |   |          |   |   |         |   |   |   |   |   |   |   |
| Fourth Quarter |   | $             | 3.83   |   |         | $      | 3.00 |   |   | $ | 424.00 |   |   | $ | 276.00 |   |
| Third Quarter  |   |          | 4.50   |   |         |   | 3.40 |   |   |   | 433.40 |   |   |   | 278.00 |   |
| Second Quarter |   |          | 4.28   |   |         |   | 3.38 |   |   |   | 326.00 |   |   |   | 264.80 |   |
| First Quarter  |   |          | 5.24   |   |         |   | 2.90 |   |   |   | 302.00 |   |   |   | 237.00 |   |
| 2008:          |   |          |   |   |         |   |   |   |   |   |   |   |   |   |   |   |
| Fourth Quarter |   |          | 7.50   |   |         |   | 4.86 |   |   |   | 455.50 |   |   |   | 312.00 |   |
| Third Quarter  |   |          | 7.63   |   |         |   | 5.58 |   |   |   | 427.90 |   |   |   | 302.50 |   |
| Second Quarter |   |          | 5.70   |   |         |   | 4.49 |   |   |   | 384.50 |   |   |   | 302.00 |   |
| First Quarter  |   |          | 4.57   |   |         |   | 3.35 |   |   |   | 341.50 |   |   |   | 254.10 |   |
| 2007           |   |          | 4.37   |   |         |   | 2.62 |   |   |   | 286.50 |   |   |   | 160.20 |   |
| 2006           |   |          | 2.68   |   |         |   | 1.86 |   |   |   | 204.50 |   |   |   | 155.80 |   |
| 2005           |   |          | 2.63   |   |         |   | 1.91 |   |   |   | 238.00 |   |   |   | 146.60 |   |

| ·   | Closed processing facilities or complexes in Dalton, Georgia; Douglas, Georgia; El Dorado, Arkansas; Franconia, Pennsylvania; Clinton, Arkansas; Bossier City, Louisiana, and Siler City, North Carolina, |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Sold a closed processing complex in Farmerville, Louisiana, |
|--------------------|-------------------------------------------------------------|

| ·   | Announced the October 2009 closures of processing facilities in Athens, Alabama, and Athens, Georgia, |
|--------------------|-------------------------------------------------------------------------------------------------------|

| ·   | Sold closed distribution centers in Cincinnati, Ohio; Plant City, Florida; El Paso, Texas, and Pompano Beach, Florida, |
|--------------------|------------------------------------------------------------------------------------------------------------------------|

| ·   | Closed distribution centers in Houston, Texas; Oskaloosa, Iowa; Jackson, Mississippi, and Nashville, Tennessee, |
|--------------------|-----------------------------------------------------------------------------------------------------------------|

| ·   | Reduced its workforce by approximately 440 non-production positions, including the resignations of the former Chief Executive Officer and former Chief Operating Officer, |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Closed an administrative office building in Duluth, Georgia, in June 2008, and |
|--------------------|--------------------------------------------------------------------------------|

| ·   | Reduced or consolidated production at various other facilities throughout the US. |
|--------------------|-----------------------------------------------------------------------------------|

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|               |   |  AccruedLease Obligation |    |   | Accrued Severance and Employee Retention |   |    | Accrued Other Restructuring Costs |   |   |  Restructuring Inventory Reserves |   |   |    Total |    |
|--------------------|--------|-------------------------------|---------|--------|------------------------------------------|--------|---------|-----------------------------------|--------|--------|----------------------------------------|--------|--------|-------------------------|---------|
|               |   | (In thousands)                |    |
| September 29, 2007 |   | $                             | — |   |                                     | $      | — |                              |   | $      | —                                |   |   | $                       | — |   |   | $ | — |   |
|               |   |                          |    |   |                                     |   |    |                              |   |   |                                   |   |   |                    |    |   |   |   |   |   |
|               |   |                          |    |   |                                     |   |    |                              |   |   |                                   |   |   |                    |    |   |   |   |   |   |
| Accruals           |   |                          | 4,778   |   |                                     |   | 4,000   |                              |   |   | 7,378                                  |   |   |                    | 2,021   |   |   |   | 18,177 |   |
| Payment / Disposal |   |                          | (312    | )      |                                     |   | (1,306  | )                                 |   |   | (1,727                                 | )      |   |                    | (806    | ) |   |   | (4,151 | ) |
| Adjustments        |   |                          | — |   |                                     |   | — |                              |   |   | —                                |   |   |                    | (3      | ) |   |   | (3 | ) |
|               |   |                          |    |   |                                     |   |    |                              |   |   |                                   |   |   |                    |    |   |   |   |   |   |
| September 27, 2008 |   |                          | 4,466   |   |                                     |   | 2,694   |                              |   |   | 5,651                                  |   |   |                    | 1,212   |   |   |   | 14,023 |   |
|               |   |                          |    |   |                                     |   |    |                              |   |   |                                   |   |   |                    |    |   |   |   |   |   |
| Accruals           |   |                          | — |   |                                     |   | 17,830  |                              |   |   | 7,667                                  |   |   |                    | 5,029   |   |   |   | 30,526 |   |
| Payment / Disposal |   |                          | (622    | )      |                                     |   | (12,876 | )                                 |   |   | (2,753                                 | )      |   |                    | (4,775  | ) |   |   | (21,026 | ) |
| Adjustments        |   |                          | (2,202  | )      |                                     |   | (4,305  | )                                 |   |   | (2,454                                 | )      |   |                    | (212    | ) |   |   | (9,173 | ) |
|               |   |                          |    |   |                                     |   |    |                              |   |   |                                   |   |   |                    |    |   |   |   |   |   |
| September 26, 2009 |   | $                             | 1,642   |   |                                     | $      | 3,343   |                              |   | $      | 8,111                                  |   |   | $                       | 1,254   |   |   | $ | 14,350 |   |
|               |   |                          |    |   |                                     |   |    |                              |   |   |                                   |   |   |                    |    |   |   |   |   |   |

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| As of or for the Year Ended                                                                   |   | September 26, 2009 |      |   | September 27, 2008 |   |       | September 29, 2007(a) |   |
|-----------------------------------------------------------------------------------------------|--------|--------------------|-----------|--------|--------------------|--------|------------|-----------------------|--------|
|                                                                                          |   |               |      |   | (In thousands)     |   |       |                  |   |
| Net sales to customers:                                                                       |   |               |      |   |               |   |       |                  |   |
| Chicken:                                                                                      |   |               |      |   |               |   |       |                  |   |
| United States                                                                                 |   | $                  | 6,063,914 |   |               | $      | 7,077,047  |                  |   | $ | 6,328,354 |   |
| Mexico                                                                                        |   |               | 487,785   |   |               |   | 543,583    |                  |   |   | 488,466 |   |
|                                                                                          |   |               |      |   |               |   |       |                  |   |   |   |   |
| Subtotal                                                                                      |   |               | 6,551,699 |   |               |   | 7,620,630  |                  |   |   | 6,816,820 |   |
| Other Products:                                                                               |   |               |      |   |               |   |       |                  |   |   |   |   |
| United States                                                                                 |   |               | 505,738   |   |               |   | 863,495    |                  |   |   | 661,115 |   |
| Mexico                                                                                        |   |               | 30,618    |   |               |   | 34,632     |                  |   |   | 20,677 |   |
|                                                                                          |   |               |      |   |               |   |       |                  |   |   |   |   |
| Subtotal                                                                                      |   |               | 536,356   |   |               |   | 898,127    |                  |   |   | 681,792 |   |
|                                                                                          |   |               |      |   |               |   |       |                  |   |   |   |   |
| Total                                                                                         |   | $                  | 7,088,055 |   |               | $      | 8,518,757  |                  |   | $ | 7,498,612 |   |
|                                                                                          |   |               |      |   |               |   |       |                  |   |   |   |   |
| Operating income (loss) (b):                                                                  |   |               |      |   |               |   |       |                  |   |   |   |   |
| Chicken:                                                                                      |   |               |      |   |               |   |       |                  |   |   |   |   |
| United States                                                                                 |   | $                  | 5,583     |   |               | $      | (604,685   | )                     |   | $ | 192,447 |   |
| Mexico                                                                                        |   |               | 22,353    |   |               |   | (25,702    | )                     |   |   | 13,116 |   |
|                                                                                          |   |               |      |   |               |   |       |                  |   |   |   |   |
| Subtotal                                                                                      |   |               | 27,936    |   |               |   | (630,387   | )                     |   |   | 205,563 |   |
| Other Products:                                                                               |   |               |      |   |               |   |       |                  |   |   |   |   |
| United States                                                                                 |   |               | 47,195    |   |               |   | 113,770    |                  |   |   | 28,636 |   |
| Mexico                                                                                        |   |               | 6,647     |   |               |   | 4,513      |                  |   |   | 2,992 |   |
|                                                                                          |   |               |      |   |               |   |       |                  |   |   |   |   |
| Subtotal                                                                                      |   |               | 53,842    |   |               |   | 118,283    |                  |   |   | 31,628 |   |
|                                                                                          |   |               |      |   |               |   |       |                  |   |   |   |   |
| Goodwill impairment                                                                           |   |               | —   |   |               |   | (501,446   | )                     |   |   | — |   |
| Asset impairment and operational restructuring charges                                        |   |               | (12,464   | )      |               |   | (27,990    | )                     |   |   | — |   |
| Administrative restructuring charges                                                          |   |               | (1,987    | )      |               |   | (16,156    | )                     |   |   | — |   |
|                                                                                          |   |               |      |   |               |   |       |                  |   |   |   |   |
| Total                                                                                         |   | $                  | 67,327    |   |               | $      | (1,057,696 | )                     |   | $ | 237,191 |   |
|                                                                                          |   |               |      |   |               |   |       |                  |   |   |   |   |
| Depreciation and amortization(b)(c)(d):                                                       |   |               |      |   |               |   |       |                  |   |   |   |   |
| Chicken:                                                                                      |   |               |      |   |               |   |       |                  |   |   |   |   |
| United States                                                                                 |   | $                  | 210,333   |   |               | $      | 215,586    |                  |   | $ | 183,808 |   |
| Mexico                                                                                        |   |               | 9,527     |   |               |   | 10,351     |                  |   |   | 11,015 |   |
|                                                                                          |   |               |      |   |               |   |       |                  |   |   |   |   |
| Subtotal                                                                                      |   |               | 219,860   |   |               |   | 225,937    |                  |   |   | 194,823 |   |
| Other Products:                                                                               |   |               |      |   |               |   |       |                  |   |   |   |   |
| United States                                                                                 |   |               | 15,919    |   |               |   | 13,354     |                  |   |   | 8,278 |   |
| Mexico                                                                                        |   |               | 226       |   |               |   | 244        |                  |   |   | 215 |   |
|                                                                                          |   |               |      |   |               |   |       |                  |   |   |   |   |
| Subtotal                                                                                      |   |               | 16,145    |   |               |   | 13,598     |                  |   |   | 8,493 |   |
|                                                                                          |   |               |      |   |               |   |       |                  |   |   |   |   |
| Total                                                                                         |   | $                  | 236,005   |   |               | $      | 239,535    |                  |   | $ | 203,316 |   |
|                                                                                          |   |               |      |   |               |   |       |                  |   |   |   |   |
| Total assets(e):                                                                              |   |               |      |   |               |   |       |                  |   |   |   |   |
| Chicken:                                                                                      |   |               |      |   |               |   |       |                  |   |   |   |   |
| United States                                                                                 |   | $                  | 2,542,818 |   |               | $      | 2,733,089  |                  |   | $ | 3,247,812 |   |
| Mexico                                                                                        |   |               | 345,205   |   |               |   | 372,952    |                  |   |   | 348,894 |   |
|                                                                                          |   |               |      |   |               |   |       |                  |   |   |   |   |
| Subtotal                                                                                      |   |               | 2,888,023 |   |               |   | 3,106,041  |                  |   |   | 3,596,706 |   |
| Other Products:                                                                               |   |               |      |   |               |   |       |                  |   |   |   |   |
| United States                                                                                 |   |               | 168,776   |   |               |   | 153,607    |                  |   |   | 104,644 |   |
| Mexico                                                                                        |   |               | 3,705     |   |               |   | 5,542      |                  |   |   | 4,120 |   |
|                                                                                          |   |               |      |   |               |   |       |                  |   |   |   |   |
| Subtotal                                                                                      |   |               | 172,481   |   |               |   | 159,149    |                  |   |   | 108,764 |   |
|                                                                                          |   |               |      |   |               |   |       |                  |   |   |   |   |
| Total                                                                                         |   | $                  | 3,060,504 |   |               | $      | 3,265,190  |                  |   | $ | 3,705,470 |   |
|                                                                                          |   |               |      |   |               |   |       |                  |   |   |   |   |
| Acquisitions of property, plant and equipment  (excluding business acquisition)(f): |   |               |      |   |               |   |       |                  |   |   |   |   |
| Chicken:                                                                                      |   |               |      |   |               |   |       |                  |   |   |   |   |
| United States                                                                                 |   | $                  | 57,001    |   |               | $      | 148,811    |                  |   | $ | 164,449 |   |
| Mexico                                                                                        |   |               | 2,118     |   |               |   | 545        |                  |   |   | 1,633 |   |
|                                                                                          |   |               |      |   |               |   |       |                  |   |   |   |   |
| Subtotal                                                                                      |   |               | 59,119    |   |               |   | 149,356    |                  |   |   | 166,082 |   |
| Other Products:                                                                               |   |               |      |   |               |   |       |                  |   |   |   |   |
| United States                                                                                 |   |               | 29,074    |   |               |   | 2,815      |                  |   |   | 5,699 |   |
| Mexico                                                                                        |   |               | —   |   |               |   | 330        |                  |   |   | 40 |   |
|                                                                                          |   |               |      |   |               |   |       |                  |   |   |   |   |
| Subtotal                                                                                      |   |               | 29,074    |   |               |   | 3,145      |                  |   |   | 5,739 |   |
|                                                                                          |   |               |      |   |               |   |       |                  |   |   |   |   |
| Total                                                                                         |   | $                  | 88,193    |   |               | $      | 152,501    |                  |   | $ | 171,821 |   |

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| (a)       | The Company acquired Gold Kist on December 27, 2006, for $1.139 billion.                                                                                                                                                                                      |
|-----------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|      |                                                                                                                                                                                                                                                          |
| (b)  | Includes amortization of capitalized financing costs of approximately $6.8 million, $4.9 million and $6.6 million in 2009, 2008 and 2007, respectively                                                                                                        |
|      |                                                                                                                                                                                                                                                          |
| (c)  | Includes amortization of intangible assets of $10.2 million, $10.2 million and $8.1 million recognized in 2009, 2008 and 2007, respectively, related primarily to the Gold Kist and ConAgra Chicken acquisitions.                                             |
|      |                                                                                                                                                                                                                                                          |
| (d)  | Excludes depreciation costs incurred by our discontinued turkey business of $0.7 million and $1.6 million during 2008 and 2007, respectively. The Company did not incur depreciation costs related to its discontinued turkey business in 2009.               |
|      |                                                                                                                                                                                                                                                          |
| (e)  | Excludes total assets of our discontinued turkey business of $33.5 million and $68.8 million at September 27, 2008, and September 29, 2007, respectively. The Company’s discontinued turkey business did not own any assets at September 26, 2009. |
|      |                                                                                                                                                                                                                                                          |
| (f)  | Excludes acquisitions of property, plant and equipment by our discontinued turkey business of $0.5 million during 2007. The Company did not acquire property, plant and equipment for its discontinued turkey business during 2009 or 2008.                   |

|                                                                  |   | 2009   |    |   | 2008   |   |    | 2007 |   |
|-----------------------------------------------------------------------|--------|--------|---------|--------|--------|--------|---------|------|--------|
| Net sales                                                             |   |   | 100.0   | %      |   |   | 100.0   | %    |   |   | 100.0 | % |
| Cost of sales                                                         |   |   | 94.6    | %      |   |   | 101.6   | %    |   |   | 92.1 | % |
| Asset impairment and operational restructuring charges                |   |   | 0.2     | %      |   |   | 0.3     | %    |   |   | — | % |
| Gross profit (loss)                                                   |   |   | 5.2     | %      |   |   | (1.9    | ) %  |   |   | 7.9 | % |
| Selling, general and administrative (“SG&A”) expenses |   |   | 4.2     | %      |   |   | 4.4     | %    |   |   | 4.7 | % |
| Goodwill impairment                                                   |   |   | — | %      |   |   | 5.9     | %    |   |   | — | % |
| Administrative restructuring charges                                  |   |   | 0.1     | %      |   |   | 0.2     | %    |   |   | — | % |
| Operating income (loss)                                               |   |   | 0.9     | %      |   |   | (12.4   | ) %  |   |   | 3.2 | % |
| Interest expense, net                                                 |   |   | 2.2     | %      |   |   | 1.5     | %    |   |   | 1.6 | % |
| Reorganization items, net                                             |   |   | 1.2     | %      |   |   | — | %    |   |   | — | % |
| Income (loss) from continuing operations before income taxes          |   |   | (2.5    | ) %    |   |   | (13.9   | ) %  |   |   | 1.3 | % |
| Income (loss) from continuing operations                              |   |   | (2.1    | ) %    |   |   | (11.6   | ) %  |   |   | 0.7 | % |
| Net income (loss)                                                     |   |   | (2.1    | ) %    |   |   | (11.7   | ) %  |   |   | 0.6 | % |

----

Table of Contents

|                 |   |                                |      |   | Change from 2008 |   |       |
|----------------------|--------|-------------------------------------|-----------|--------|------------------|--------|------------|
|                 |   |                                |      |   |             |   |       |
| Source               |   | 2009                                |      |   | Amount           |   | Percent    |   |   |
|                 |   | (In thousands, except percent data) |      |   |
| Chicken:             |   |                                |      |   |             |   |       |   |   |
| United States        |   | $                                   | 6,063,914 |   |             | $      | (1,013,133 | ) | (14.3 | ) % | (a) |
| Mexico               |   |                                | 487,785   |   |             |   | (55,798    | ) | (10.3 | ) % | (b) |
|                 |   |                                |      |   |             |   |       |   |   |   |   |
| Total chicken        |   |                                | 6,551,699 |   |             |   | (1,068,931 | ) | (14.0 | ) % |   |
|                 |   |                                |      |   |             |   |       |   |   |   |   |
| Other products:      |   |                                |      |   |             |   |       |   |   |   |   |
| United States        |   |                                | 505,738   |   |             |   | (357,757   | ) | (41.4 | ) % | (c) |
| Mexico               |   |                                | 30,618    |   |             |   | (4,014     | ) | (11.6 | ) % |   |
|                 |   |                                |      |   |             |   |       |   |   |   |   |
| Total other products |   |                                | 536,356   |   |             |   | (361,771   | ) | (40.3 | ) % |   |
|                 |   |                                |      |   |             |   |       |   |   |   |   |
| Total net sales      |   | $                                   | 7,088,055 |   |             | $      | (1,430,702 | ) | (16.8 | ) % |   |
|                 |

|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (a)    | US chicken sales generated in 2009 decreased 14.3% from US chicken sales generated in 2008. Sales volume decreased 14.6% primarily because of previously announced production cutbacks and subsequent reorganization efforts. Net revenue per pound sold increased 0.3% from the prior year.                                                                                                                                                                                                                                                                                                                                                                                     |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| (b)    | Mexico chicken sales generated in 2009 decreased 10.3% from Mexico chicken sales generated in 2008. Sales volume decreased 4.5% from the prior year because of production cutbacks. Net revenue per pound sold decreased 6.0% from the prior year primarily because of the devaluation of the Mexican peso against the US dollar in 2009.                                                                                                                                                                                                                                                                                                                                        |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| (c)    | US sales of other products generated in 2009 decreased 41.4% from US sales of other products generated in 2008 mainly as the result of reduced sales volumes protein conversion products partially offset by increased sales prices. The decrease in protein conversion products sales volumes resulted primarily from the ongoing impact of a firesuffered at the Mt. Pleasant, Texas, protein conversion facility in late 2008 (the “Mt. Pleasant Fire”) and subsequent reorganization efforts. Protein conversion is the process of converting poultry byproducts into raw materials for grease, animal feed, biodiesel and feed-stock for the chemical industry. |

|                                                   |   |                                |      |   |  Change from 2008 |   |       | Percent of Net Sales |   |   |
|--------------------------------------------------------|--------|-------------------------------------|-----------|--------|------------------------|--------|------------|----------------------|--------|--------|
| Components                                             |   | 2009                                |      |   | Amount                 |   |       | Percent              |   |   | 2009 |   | 2008 |   |   |
|                                                   |   | (In thousands, except percent data) |      |   |
|                                                   |   |                                |      |   |                   |   |       |                 |   |   |   |   |   |   |   |
| Net sales                                              |   | $                                   | 7,088,055 |   |                   | $      | (1,430,702 | )                    |   |   | (16.8 | ) % |   |   | 100.0 | % | 100.0 | % |   |
| Cost of sales                                          |   |                                | 6,705,157 |   |                   |   | (1,949,105 | )                    |   |   | (22.5 | ) % |   |   | 94.6 | % | 101.6 | % | (a) |
| Asset impairment and operational restructuring charges |   |                                | 12,464    |   |                   |   | (15,526    | )                    |   |   | (55.5 | ) % |   |   | 0.2 | % | 0.3 | % | (b) |
|                                                   |   |                                |      |   |                   |   |       |                 |   |   |   |   |   |   |   |   |   |   |   |
| Gross profit                                           |   | $                                   | 370,434   |   |                   | $      | 533,929    |                 |   |   | 326.6 | % |   |   | 5.2 | % | (1.9 | ) % | (c) |
|                                                   |

----

Table of Contents

| (a)    | Cost of sales incurred by the US operations during 2009 decreased $1,846.2 million from cost of sales incurred by the US operations during 2008. This decrease occurred primarily because of production cutbacks, decreased feed ingredient purchases, decreased feed ingredient prices, business interruption insurance recoveries recognized in2009 related to the Mt. Pleasant Fire and gain recognized in 2009 related to the disposal of assets lost in the Mt. Pleasant Fire partially offset by an aggregate net loss of $21.1 million recognized by the Company during 2009 on derivative financial instruments. Cost of sales incurred by the Mexico operations during 2009 decreased $102.9 million from cost of sales incurred by the Mexico operations during 2008 primarily because of decreased net sales and decreased feed ingredient costs. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| (b)    | The Company recognized noncash asset impairment charges in 2008 related to (i) the closing of two operating complexes in Arkansas and North Carolina, (ii) the closing of seven distribution centers in Florida (2), Iowa, Mississippi, Ohio, Tennessee and Texas, and (iii) the idling of a prepared foods plant in Louisiana.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| (c)    | Gross profit as a percent of net sales generated in 2009 increased 7.1 percentage points from gross loss as a percent of sales incurred in 2008 primarily because of the cost-savings impact of production cutbacks, decreased feed ingredient purchases and decreased feed ingredient prices experienced during 2009.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |

|                                                                                                         |   |                                |         |   | Change from 2008 |   |
|--------------------------------------------------------------------------------------------------------------|--------|-------------------------------------|--------------|--------|------------------|--------|
|                                                                                                         |   |                                |         |   |             |   |   |   |   |
| Source                                                                                                       |   | 2009                                |         |   | Amount           |   |   | Percent |   |
|                                                                                                         |   | (In thousands, except percent data) |         |
| Chicken:                                                                                                     |   |                                |         |   |             |   |   |   |   |
| United States                                                                                                |   | $                                   | 5,583        |   |             | $      | 610,268 |   |   |   | 100.9 |   % |
| Mexico                                                                                                       |   |                                | 22,353       |   |             |   | 48,055 |   |   |   | 187.0 |   % |
|                                                                                                         |   |                                |         |   |             |   |   |   |   |   |   |   |
| Total chicken                                                                                                |   |                                | 27,936       |   |             |   | 658,323 |   |   |   | 104.4 |   % |
|                                                                                                         |   |                                |         |   |             |   |   |   |   |   |   |   |
| Other products:                                                                                              |   |                                |         |   |             |   |   |   |   |   |   |   |
| United States                                                                                                |   |                                | 47,195       |   |             |   | (66,575 | ) |   |   | (58.5 | ) % |
| Mexico                                                                                                       |   |                                | 6,647        |   |             |   | 2,134 |   |   |   | 47.3 |   % |
|                                                                                                         |   |                                |         |   |             |   |   |   |   |   |   |   |
| Total other products                                                                                         |   |                                | 53,842       |   |             |   | (64,441 | ) |   |   | (54.5 | ) % |
|                                                                                                         |   |                                |         |   |             |   |   |   |   |   |   |   |
| Goodwill impairment                                                                           |   |                                | —      |   |             |   | (501,446 | )  |   |   |  (100.0 | )  %  |
| Asset impairment and operational restructuring charges          |   |                                |  12,464 |   |             |   |  (15,526 | )    |   |   | (55.5 | )  %  |
|  Administrative restructuring charges                                     |   |                                |  1,987  |   |             |   | (14,169 | )  |   |   |  (87.7 | )  %  |
|                                                                                                         |   |                                |         |   |             |   |   |   |   |   |   |   |
|       Total operating income                                    |   |                                | 67,327       |   |             |   | 1,125,023 |   |   |   |  106.4 |    %  |

|                                 |   |                                |    |   |  Change from 2008 |   |      | Percent of Net Sales |   |   |
|--------------------------------------|--------|-------------------------------------|---------|--------|------------------------|--------|-----------|----------------------|--------|--------|
| Components                           |   | 2009                                |    |   | Amount                 |   |      | Percent              |   |   | 2009 |   | 2008 |   |   |
|                                 |   | (In thousands, except percent data) |    |   |
|                                 |   |                                |    |   |                   |   |      |                 |   |   |   |   |   |   |   |
| Gross profit          |   | $                                   | 370,434 |   |                   | $      | 533,929   |                 |   |   | 326.6 |   % |   |   | 5.2 | % | (1.9 | ) % |   |
|  SG&A expenses              |   |                                | 310,120 |   |                   |   | (75,479   | )               |   |   | (20.0 | ) % |   |   | 4.2 |   | 4.4 |   %  | (a)  |
| Goodwill impairment                  |   |                                | — |   |                   |   | (501,446  | )                    |   |   | (100.0 | ) % |   |   | — | % | 5.9 |   % | (b) |
| Administrative restructuring charges |   |                                | 1,987   |   |                   |   | (14,169   | )                    |   |   | (87.7 | ) % |   |   | 0.1 | % | 0.2 |   % | (c) |
|                                 |   |                                |    |   |                   |   |      |                 |   |   |   |   |   |   |   |   |   |   |   |
| Operating income                     |   | $                                   | 67,327  |   |                   | $      | 1,125,023 |                 |   |   | 106.4 |   % |   |   | 0.9 | % | (12.4 | ) % | (d) |
|                                 |

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Table of Contents

| (a)    | SG&A expenses incurred by the US operations during 2009 decreased 19.5 % from SG&A expenses incurred by the US operations during 2008 primarily because of reductions in employee compensation and related benefit costs resulting from restructuring actions taken in 2008 and 2009 and reductions in litigation reserves due to pendingsettlements.                                                                                                                                                                                                                                                                                    |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| (b)    | As the result of the downward pressure placed on earnings by increased feed ingredients costs, weak demand for breast meat and the oversupply of chicken and other animal-based proteins in the US, the Company evaluated the carrying amount of its goodwill for potential impairment at September 27, 2008. We obtained valuation reports as ofSeptember 27, 2008, that indicated the carrying amount of our goodwill should be fully impaired based on current conditions. As a result, we recognized a pretax impairment charge of $501.4 million during 2008.                                                                     |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| (c)    | The Company incurred administrative restructuring charges, composed entirely of cash-based severance, employee retention, lease commitment and other facility closing charges, in 2008 related to (i) the closing of two operating complexes in Arkansas and North Carolina, (ii) the closing of seven distribution centers in Florida (2), Iowa,Mississippi, Ohio, Tennessee and Texas, (iii) the idling of a prepared foods plant in Louisiana, (iv) the transfer of operations from an operating complex in Arkansas to several of the Company’s other operating complexes, and (v) the closing of an administrative office in Georgia. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| (d)    | Operating income as a percent of net sales generated in 2009 increased 13.3 percentage points from operating loss as a percent of sales incurred in 2008 primarily because of improved gross profit performance, goodwill impairment recognized in 2008, charges related to 2008 restructuring actions and reductions in employee compensation andrelated benefit costs resulting from restructuring actions taken in 2008 and 2009.                                                                                                                                                                                                             |

----

Table of Contents

|                 |   |                                |      |   | Change from 2007 |   |      |
|----------------------|--------|-------------------------------------|-----------|--------|------------------|--------|-----------|
|                 |   |                                |      |   |             |   |      |
| Source               |   | 2008                                |      |   | Amount           |   | Percent   |   |   |
|                 |   | (In thousands, except percent data) |      |   |
| Chicken:             |   |                                |      |   |             |   |      |   |   |
| United States        |   | $                                   | 7,077,047 |   |             | $      | 748,693   |   | 11.8 |   % | (a) |
| Mexico               |   |                                | 543,583   |   |             |   | 55,117    |   | 11.3 |   % | (b) |
|                 |   |                                |      |   |             |   |      |   |   |   |   |
| Total chicken        |   |                                | 7,620,630 |   |             |   | 803,810   |   | 11.8 |   % |   |
|                 |   |                                |      |   |             |   |      |   |   |   |   |
| Other products:      |   |                                |      |   |             |   |      |   |   |   |   |
| United States        |   |                                | 863,495   |   |             |   | 202,380   |   | 30.6 |   % | (c) |
| Mexico               |   |                                | 34,632    |   |             |   | 13,955    |   | 67.5 |   % | (d ) |
|                 |   |                                |      |   |             |   |      |   |   |   |   |
| Total other products |   |                                | 898,127   |   |             |   | 216,335   |   | 31.7 |   % |   |
|                 |   |                                |      |   |             |   |      |   |   |   |   |
| Total net sales      |   | $                                   | 8,518,757 |   |             | $      | 1,020,145 |   | 13.6 |   % |   |
|                 |

|   |                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (a)    | US chicken sales generated in 2008 increased 11.8% from US chicken sales generated in 2007. Sales volume increased 8.6% primarily because of the acquisition of Gold Kist on December 27, 2006. Net revenue per pound sold increased 3.0% from the prior year.                                                                                                                                                                        |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| (b)    | Mexico chicken sales generated in 2008 increased 11.3% from Mexico chicken sales generated in 2007 primarily because of a 3.5% increase in revenue per pound sold and a 7.6% increase in pounds sold. The increase in pounds sold represents market penetration in Mexico’s avian influenza free states as well as a shift in product mix towardlive birds.                                                                     |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| (c)    | US sales of other products generated in 2008 increased 30.6% from US sales of other products generated in 2007 mainly as the result of improved pricing on commercial eggs and protein conversion products and higher sales volumes of protein conversion products. Protein conversion is the process of converting poultry byproducts into raw materialsfor grease, animal feed, biodiesel and feed-stock for the chemical industry. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| (d)    | Mexico sales of other products generated in 2008 increased 67.5% from Mexico sales of other products generated in 2007 principally because of both higher sales volumes and higher selling prices for commercial feed.                                                                                                                                                                                                                |

|                                                   |   |                                |      |   | Change from 2007 |   |      | Percent of Net Sales |   |   |
|--------------------------------------------------------|--------|-------------------------------------|-----------|--------|------------------|--------|-----------|----------------------|--------|--------|
| Components                                             |   | 2008                                |      |   | Amount           |   |      | Percent              |   |   | 2008 |   |   | 2007 |   |   |
|                                                   |   | (In thousands, except percent data) |      |   |
|                                                   |   |                                |      |   |             |   |      |                 |   |   |   |   |   |   |   |   |
| Net sales                                              |   | $                                   | 8,518,757 |   |             | $      | 1,020,145 |                 |   |   | 13.6 | % |   |   | 100.0 | % |   |   | 100.0 | % |   |
| Cost of sales                                          |   |                                | 8,654,262 |   |             |   | 1,748,380 |                 |   |   | 25.3 | % |   |   | 101.6 | % |   |   | 92.1 | % | (a) |
| Asset impairment and operational restructuring charges |   |                                | 27,990    |   |             |   | 27,990    |                 |   | NM     |   |   |   | 0.3 | % |   |   | — | % | (b) |
|                                                   |   |                                |      |   |             |   |      |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross loss                                             |   | $                                   | (163,495  | )      |             | $      | (756,225  | )                    |   |   | (127.6 | ) % |   |   | (1.9 | ) % |   |   | 7.9 | % | (c) |
|                                                   |

----

Table of Contents

| (a)    | Cost of sales incurred by the US operations during 2008 increased $1,640.4 million from cost of sales incurred by the US operations during 2007. This increase occurred because of incremental costs resulting from increased feed ingredients and energy costs as well as the acquisition of Gold Kist on December 27, 2006. We also experiencedin 2008, and continue to experience, increased production and freight costs related to operational inefficiencies, labor shortages at several facilities and higher fuel costs. We believe the labor shortages are attributable in part to heightened publicity of governmental immigration enforcement efforts, ongoing Company compliance efforts and continued changes in the Company’s employment practices in light of recently published governmental best practices and new labor hiring regulations. During 2008, theCompany recognized losses totaling $38.3 million on derivative financial instruments executed to manage its exposure to changes in corn and soybean meal prices. The aggregate loss recognized on derivative financial instruments in 2007 was immaterial. Cost of sales incurred by the Mexico operations during 2008 increased $108.0 million from cost of sales incurred by the Mexico operations during 2007 primarily because of increased feed ingredients costs. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| (b)    | The Company recognized operational restructuring charges, composed entirely of noncash asset impairment charges, in 2008 related to (i) the closing of two operating complexes in Arkansas and North Carolina, (ii) the closing of seven distribution centers in Florida (2), Iowa, Mississippi, Ohio, Tennessee and Texas, and (iii) the idling ofa prepared foods plant in Louisiana.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| (c)    | Gross loss as a percent of net sales generated in 2008 decreased 9.8 percentage points from gross profit as a percent of sales generated in 2007 primarily because of incremental costs resulting from increased feed ingredients, energy, production and freight costs, charges related to 2008 restructuring actions and the Gold Kist acquisitionpartially offset by improved selling prices.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| NM     | Not meaningful.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |

|                        |   |                                |         |    | Change from 2007 |   |
|-----------------------------|--------|-------------------------------------|--------------|---------|------------------|--------|
| Source                      |   | 2008                                |         |    | Amount           |   |   | Percent |   |
|                        |   | (In thousands, except percent data) |         |
| Chicken:                    |   |                                |         |    |             |   |   |   |   |
| United States               |   | $                                   | (604,685     | )       |             | $      | (797,132 | ) |   |   | (414.2 | ) % |
| Mexico                      |   |                                | (25,702      | )  |             |   | (38,818 | ) |   |   | (296.0 | ) % |
|                        |   |                                |         |    |             |   |   |   |   |   |   |   |
| Total chicken               |   |                                | (630,387     | )       |             |   | (835,950 | ) |   |   | (406.7 | ) % |
|                        |   |                                |         |    |             |   |   |   |   |   |   |   |
| Other products:             |   |                                |         |    |             |   |   |   |   |   |   |   |
| United States               |   |                                | 113,770      |    |             |   | 85,134 |   |   |   | 297.3 |   % |
| Mexico                      |   |                                | 4,513        |    |             |   | 1,521 |   |   |   | 50.8 |   % |
|                        |   |                                |         |    |             |   |   |   |   |   |   |   |
| Total other products        |   |                                | 118,283      |    |             |   | 86,655 |   |   |   | 274.0 |   % |
|                        |   |                                |         |    |             |   |   |   |   |   |   |   |
|  Goodwill impairment   |   |                                | 501,446      |    |             |   | 501,446 |   |   |   | NM  |   |
|  Asset impairment      |   |                                |  27,990 |    |             |   | 27,990 |   |   |   | NM  |   |
|  Restructuring charges |   |                                |  16,156 |    |             |   | 16,156 |   |   |   | NM  |   |
|                        |   |                                |         |    |             |   |   |   |   |   |   |   |
| Total operation loss        |   | $                                   | (1,057,696   | )       |             | $      | (1,294,887 | ) |   |   | (545.9 | ) % |
|                        |

|                  |   |                                |       |    | Change from 2007 |   |       | Percent of Net Sales |   |   |
|-----------------------|--------|-------------------------------------|------------|---------|------------------|--------|------------|----------------------|--------|--------|
| Components            |   | 2008                                |       |    | Amount           |   |       | Percent              |   |   | 2009 |   | 2008 |   |   |
|                  |   | (In thousands, except percent data) |       |    |
|                  |   |                                |       |    |             |   |       |                 |   |   |   |   |   |   |   |
| Gross profit (loss)   |   | $                                   | (163,495   | )  |             | $      | (756,225   | )                    |   |   | (127.6 | ) % |   |   | (1.9 | ) % | 7.9 |   % |   |
| SG&A expenses     |   |                                | 376,599    |    |             |   | 21,060     |                 |   |   | 5.9 |   % |   |   | 4.4 |   % | 4.7 |   % | (a) |
| Goodwill impairment   |   |                                | 501,446    |    |             |   | 501,446    |                 |   |   | NM  |   |   |   | 5.9 |   %  | — |   | (b) |
| Restructuring charges |   |                                | 16,156     |    |             |   | 16,156     |                 |   |   | NM |   |   |   | 0.2 |   % | — |   | (c) |
|                  |   |                                |       |    |             |   |       |                 |   |   |   |   |   |   |   |   |   |   |   |
| Operating loss        |   | $                                   | (1,057,696 | )  |             | $      | (1,294,887 | )               |   |   | (545.9 | ) % |   |   | (12.4 | ) % | 3.2 |   % | (d) |
|                  |

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| (a)    | SG&A expenses incurred by the US operations during 2008 increased 6.9% from SG&A expenses incurred by the US operations during 2007 primarily because of the acquisition of Gold Kist on December 27, 2006.                                                                                                                                                                                                                                                                                                                                                                                                                              |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| (b)    | As the result of the downward pressure placed on earnings by increased feed ingredients costs, weak demand for breast meat and the oversupply of chicken and other animal-based proteins in the US, the Company evaluated the carrying amount of its goodwill for potential impairment at September 27, 2008. We obtained valuation reports as ofSeptember 27, 2008, that indicated the carrying amount of our goodwill should be fully impaired based on current conditions. As a result, we recognized a pretax impairment charge of $501.4 million during 2008.                                                                     |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| (c)    | The Company incurred administrative restructuring charges, composed entirely of cash-based severance, employee retention, lease commitment and other facility closing charges, in 2008 related to (i) the closing of two operating complexes in Arkansas and North Carolina, (ii) the closing of seven distribution centers in Florida (2), Iowa,Mississippi, Ohio, Tennessee and Texas, (iii) the idling of a prepared foods plant in Louisiana, (iv) the transfer of operations from an operating complex in Arkansas to several of the Company’s other operating complexes, and (v) the closing of an administrative office in Georgia. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| (d)    | Operating loss as a percent of net sales generated in 2008 decreased 15.6 percentage points from operating income as a percent of sales generated in 2007 primarily because of deterioration in gross profit (loss) performance, goodwill impairment recognized in 2008, charges related to 2008 restructuring actions and incremental SG&A expensesresulting from the Gold Kist acquisition.                                                                                                                                                                                                                                                |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| NM     | Not meaningful.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |

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|                                         |   | Facility      |    |   | Amount      |   |    |      |   |   |
|----------------------------------------------|--------|---------------|---------|--------|-------------|--------|---------|-----------|--------|--------|
| Source of Liquidity                          |   | Amount        |    |   | Outstanding |   |    | Available |   |   |
|                                         |   | (In millions) |    |   |
|                                         |   |          |    |   |        |   |    |      |   |   |
| Cash and cash equivalents                    |   | $             | — |   |        | $      | — |      |   | $      | 220.0 |   |   |
| Investments in available-for-sale securities |   |          | — |   |        |   | — |      |   |   | 5.3 |   |   |
| Debt facilities:                             |   |          |    |   |        |   |    |      |   |   |   |   |   |
| DIP Credit Agreement expiring 2009           |   |          | 350.0   |   |        |   | — |      |   |   | 329.2 |   | (a)(b) |
| Revolving credit facility expiring 2011      |   |          | 41.1    |   |        |   | 41.1    |      |   |   | — |   |   |
|                                         |   |          |    |   |        |   |    |      |   |   |   |   |   |

| (a)    | Actual borrowings by the Company under the DIP Credit Agreement are subject to a borrowing base, which is a formula based on certain eligible inventory and eligible receivables. The borrowing base at September 26, 2009, was $329.2 million.                                  |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                  |
| (b)    | At November 20, 2009, total funds available for borrowing under the DIP Credit Agreement were $321.8 million and there were no outstanding borrowings under the DIP Credit Agreement. The total available commitments under the DIP Credit Agreement are currently $350 million. |

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|                       |   | Payments Due By Period |    |
|----------------------------|--------|------------------------|---------|
| Contractual Obligations(f) |   | Total                  |    |   | Less than 1 year |   |   | 1-3 years |   |   | 3-5 years |   |   | More than 5 years |   |
|                       |   | (In millions)          |    |
| Long-term debt(a)(b)       |   | $                      | 2,043.4 |   |   | $ | 2.1 |   |   | $ | 45.3 |   |   | $ | 230.1 |   |   | $ | 1,765.9 |   |
| Interest(c)                |   |                   | 677.6   |   |   |   | 114.9 |   |   |   | 223.5 |   |   |   | 203.1 |   |   |   | 136.1 |   |
| Guarantee fees(d)          |   |                   | 42.8    |   |   |   | 6.7 |   |   |   | 13.4 |   |   |   | 11.6 |   |   |   | 11.1 |   |
| Capital leases             |   |                   | 1.9     |   |   |   | 0.3 |   |   |   | 0.5 |   |   |   | 0.6 |   |   |   | 0.5 |   |
| Operating leases           |   |                   | 91.7    |   |   |   | 39.8 |   |   |   | 42.9 |   |   |   | 8.9 |   |   |   | 0.1 |   |
| Purchase obligations(e)    |   |                   | 91.6    |   |   |   | 91.6 |   |   |   | — |   |   |   | — |   |   |   | — |   |
|                       |   |                   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                      |   | $                      | 2,949.0 |   |   | $ | 255.4 |   |   | $ | 325.6 |   |   | $ | 454.3 |   |   | $ | 1,913.7 |   |

| (a)   | Long-term debt excludes $65.9 million in letters of credit outstanding related to normal business transactions. Subsequent to September 26, 2009, beneficiaries drew on $62.9 million of these letters of credit and outstanding borrowings under the Pre-petition BMO Facility were correspondingly increased. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b)   | As a result of the Chapter 11 filing, substantially all long-term debt became automatically and immediately due and payable, subject to an automatic stay of any action to collect, assert, or recover a claim against the Company and the application of applicable bankruptcy law. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c)   | Interest rates on long-term debt were increased as a result of the Chapter 11 filing and the amounts that will actually be paid related to interest are uncertain as they will be subject to the claims process in the bankruptcy case. Interest expense in the table above assumes the continuation of interest rates and outstanding borrowings under our creditfacilities as of September 26, 2009. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (d)   | Pursuant to the terms of the DIP Credit Agreement, the Company may not pay any guarantee fees without the consent of the lenders party thereto; however, the amounts reflected above represent the amounts which are otherwise due and payable. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (e)   | Includes agreements to purchase goods or services that are enforceable and legally binding on us and that specify all significant terms, including fixed or minimum quantities to be purchased; fixed, minimum, or variable price provisions; and the approximate timing of the transaction. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (f)   | The total amount of PPC’s unrecognized tax benefits at September 26, 2009 was $22.7 million. We did not include this amount in the contractual obligations table above as reasonable estimates cannot be made at this time of the amounts or timing of future cash outflows. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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Item 7A

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Item 8.

Item 9

Item 9A

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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM ON INTERNAL CONTROL OVER FINANCIAL REPORTING

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Item 9B

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Item 10.                      Directors and Executive Officers and Corporate Governance 

Item 11.                      Executive Compensation 

Item 12.                      Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 

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Item 14.

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|   | PART IV |
|--------|---------|

Item 15. 

| (a)    |   | Financial Statements                                                                                                                                                                                       |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                       |
|   | (1)    | The financial statements and schedules listed in the index to financial statements and schedules on page 3 of this report are filed as part of this report.                                                |
|   |   |                                                                                                                                                                                                       |
|   | (2)    | All other schedules for which provision is made in the applicable accounting regulations of the SEC are not required under the related instructions or are not applicable and therefore have been omitted. |
|   |   |                                                                                                                                                                                                       |
|   | (3)    | The financial statements schedule entitled “Valuation and Qualifying Accounts and Reserves” is filed as part of this report on page 194.                                                       |
|   |   |                                                                                                                                                                                                       |
| (b)    |   | Exhibits                                                                                                                                                                                                   |

| 2.1    |   | Agreement and Plan of Reorganization dated September 15, 1986, by and among Pilgrim’s Pride Corporation, a Texas corporation; Pilgrim’s Pride Corporation, a Delaware corporation; and Doris Pilgrim Julian, Aubrey Hal Pilgrim, Paulette Pilgrim Rolston, Evanne Pilgrim, Lonnie “Bo” Pilgrim, Lonnie Ken Pilgrim, GretaPilgrim Owens and Patrick Wayne Pilgrim (incorporated by reference from Exhibit 2.1 to the Company’s Registration Statement on Form S-1 (No. 33-8805) effective November 14, 1986). |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| 2.2    |   | Agreement and Plan of Merger dated September 27, 2000 (incorporated by reference from Exhibit 2 of WLR Foods, Inc.’s Current Report on Form 8-K (No. 000-17060) dated September 28, 2000).                                                                                                                                                                                                                                                                                                                                      |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| 2.3    |   | Agreement and Plan of Merger dated as of December 3, 2006, by and among the Company, Protein Acquisition Corporation, a wholly owned subsidiary of the Company, and Gold Kist Inc. (incorporated by reference from Exhibit 99.(D)(1) to Amendment No. 11 to the Company’s Tender Offer Statement on Schedule TO filed on December 5, 2006).                                                                                                                                                                                          |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| 2.4    |   | Stock Purchase Agreement by and between the Company and JBS USA Holdings, Inc., dated September 16, 2009 (incorporated by reference from Exhibit 2.1 of the Company’s Current Report on Form 8-K filed September 18, 2009).                                                                                                                                                                                                                                                                                                          |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| 3.1    |   | Certificate of Incorporation of the Company, as amended (incorporated by reference from Exhibit 3.1 of the Company’s Annual Report on Form 10-K for the year ended October 2, 2004).                                                                                                                                                                                                                                                                                                                                                 |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| 3.2    |   | Amended and Restated Corporate Bylaws of the Company (incorporated by reference from Exhibit 3.1 of the Company’s Current Report on Form 8-K filed on December 4, 2007).                                                                                                                                                                                                                                                                                                                                                             |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| 4.1    |   | Certificate of Incorporation of the Company, as amended (included as Exhibit 3.1).                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| 4.2    |   | Amended and Restated Corporate Bylaws of the Company (included as Exhibit 3.2).                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |

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| 4.3    |   | Senior Debt Securities Indenture dated as of January 24, 2007, by and between the Company and Wells Fargo Bank, National Association, as trustee (incorporated by reference from Exhibit 4.1 to the Company’s Current Report on Form 8-K filed on January 24, 2007).                                                                            |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                                                                                  |
| 4.4    |   | First Supplemental Indenture to the Senior Debt Securities Indenture dated as of January 24, 2007, by and between the Company and Wells Fargo Bank, National Association, as trustee (incorporated by reference from Exhibit 4.2 to the Company’s Current Report on Form 8-K filed on January 24, 2007).                                        |
|   |   |                                                                                                                                                                                                                                                                                                                                                  |
| 4.5    |   | Form of 7 5/8% Senior Note due 2015 (incorporated by reference from Exhibit 4.3 to the Company’s Current Report on Form 8-K filed on January 24, 2007).                                                                                                                                                                                         |
|   |   |                                                                                                                                                                                                                                                                                                                                                  |
| 4.6    |   | Senior Subordinated Debt Securities Indenture dated as of January 24, 2007, by and between the Company and Wells Fargo Bank, National Association, as trustee (incorporated by reference from Exhibit 4.4 to the Company’s Current Report on Form 8-K filed on January 24, 2007).                                                               |
|   |   |                                                                                                                                                                                                                                                                                                                                                  |
| 4.7    |   | First Supplemental Indenture to the Senior Subordinated Debt Securities Indenture dated as of January 24, 2007, by and between the Company and Wells Fargo Bank, National Association, as trustee (incorporated by reference from Exhibit 4.5 to the Company’s Current Report on Form 8-K filed on January 24, 2007).                           |
|   |   |                                                                                                                                                                                                                                                                                                                                                  |
| 4.8    |   | Form of 8 3/8% Subordinated Note due 2017 (incorporated by reference from Exhibit 4.6 to the Company’s Current Report on Form 8-K filed on January 24, 2007).                                                                                                                                                                                   |
|   |   |                                                                                                                                                                                                                                                                                                                                                  |
| 10.1   |   | Pilgrim’s Industries, Inc. Profit Sharing Retirement Plan, restated as of July 1, 1987 (incorporated by reference from Exhibit 10.1 of the Company’s Form 8-K filed on July 1, 1992). …                                                                                                                                             |
|   |   |                                                                                                                                                                                                                                                                                                                                                  |
| 10.2   |   | Senior Executive Performance Bonus Plan of the Company (incorporated by reference from Exhibit A in the Company’s Proxy Statement dated December 13, 1999). …                                                                                                                                                                             |
|   |   |                                                                                                                                                                                                                                                                                                                                                  |
| 10.3   |   | Aircraft Lease Extension Agreement between B.P. Leasing Co. (L.A. Pilgrim, individually) and Pilgrim’s Pride Corporation (formerly Pilgrim’s Industries, Inc.) effective November 15, 1992 (incorporated by reference from Exhibit 10.48 of the Company’s Quarterly Report on Form 10-Q for the three months ended March 29, 1997). |
|   |   |                                                                                                                                                                                                                                                                                                                                                  |
| 10.4   |   | Broiler Grower Contract dated May 6, 1997 between Pilgrim’s Pride Corporation and Lonnie “Bo” Pilgrim (Farm 30) (incorporated by reference from Exhibit 10.49 of the Company’s Quarterly Report on Form 10-Q for the three months ended March 29, 1997).                                                                      |
|   |   |                                                                                                                                                                                                                                                                                                                                                  |
| 10.5   |   | Commercial Egg Grower Contract dated May 7, 1997 between Pilgrim’s Pride Corporation and Pilgrim Poultry G.P. (incorporated by reference from Exhibit 10.50 of the Company’s Quarterly Report on Form 10-Q for the three months ended March 29, 1997).                                                                               |
|   |   |                                                                                                                                                                                                                                                                                                                                                  |

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| 10.6   |   | Agreement dated October 15, 1996 between Pilgrim’s Pride Corporation and Pilgrim Poultry G.P. (incorporated by reference from Exhibit 10.23 of the Company’s Quarterly Report on Form 10-Q for the three months ended January 2, 1999).                                                                      |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                                                               |
| 10.7   |   | Heavy Breeder Contract dated May 7, 1997 between Pilgrim’s Pride Corporation and Lonnie “Bo” Pilgrim (Farms 44, 45 & 46) (incorporated by reference from Exhibit 10.51 of the Company’s Quarterly Report on Form 10-Q for the three months ended March 29, 1997).                                      |
|   |   |                                                                                                                                                                                                                                                                                                                               |
| 10.8   |   | Broiler Grower Contract dated January 15, 1997 by and between Pilgrim’s Pride Corporation and B.J.M. Farms (incorporated by reference from Exhibit 10.26 of the Company’s Registration Statement on Form S-1 (No. 333-29163) effective June 27, 1997).                                                                 |
|   |   |                                                                                                                                                                                                                                                                                                                               |
| 10.9   |   | Purchase and Contribution Agreement dated as of June 26, 1998 between Pilgrim’s Pride Funding Corporation and Pilgrim’s Pride Corporation (incorporated by reference from Exhibit 10.34 of the Company’s Quarterly Report on Form 10-Q for the three months ended June 27, 1998).                                |
|   |   |                                                                                                                                                                                                                                                                                                                               |
| 10.10  |   | Guaranty Fee Agreement between Pilgrim’s Pride Corporation and Pilgrim Interests, Ltd., dated June 11, 1999 (incorporated by reference from Exhibit 10.24 of the Company’s Annual Report on Form 10-K for the year ended October 2, 1999).                                                                        |
|   |   |                                                                                                                                                                                                                                                                                                                               |
| 10.11  |   | Commercial Property Lease dated December 29, 2000 between Pilgrim’s Pride Corporation and Pilgrim Poultry G.P. (incorporated by reference from Exhibit 10.30 of the Company’s Quarterly Report on Form 10-Q for the three months ended December 30, 2000).                                                        |
|   |   |                                                                                                                                                                                                                                                                                                                               |
| 10.12  |   | Amendment No. 1 dated as of December 31, 2003 to Purchase and Contribution Agreement dated as of June 26, 1998, between Pilgrim’s Pride Funding Corporation and Pilgrim’s Pride Corporation (incorporated by reference from Exhibit 10.5 of the Company’s Quarterly Report on Form 10-Q filed February 4, 2004). |
|   |   |                                                                                                                                                                                                                                                                                                                               |
| 10.13  |   | Employee Stock Investment Plan of the Company (incorporated by reference from Exhibit 4.1 of the Company’s Registration Statement on Form S-8 (No. 333-111929) filed on January 15, 2004). …                                                                                                                           |
|   |   |                                                                                                                                                                                                                                                                                                                               |
| 10.14  |   | 2005 Deferred Compensation Plan of the Company (incorporated by reference from Exhibit 10.1 of the Company’s Current Report on Form 8-K dated December 27, 2004). …                                                                                                                                               |
|   |   |                                                                                                                                                                                                                                                                                                                               |
| 10.15  |   | Vendor Service Agreement dated effective December 28, 2005 between Pilgrim's Pride Corporation and Pat Pilgrim (incorporated by reference from Exhibit 10.2 of the Company's Current Report on Form 8-K dated January 6, 2006).                                                                                                    |
|   |   |                                                                                                                                                                                                                                                                                                                               |
| 10.16  |   | Transportation Agreement dated effective December 28, 2005 between Pilgrim's Pride Corporation and Pat Pilgrim (incorporated by reference from Exhibit 10.3 of the Company's Current Report on Form 8-K dated January 6, 2006).                                                                                                    |
|   |   |                                                                                                                                                                                                                                                                                                                               |

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| 10.17  |   | Credit Agreement by and among the Avícola Pilgrim’s Pride de México, S. de R.L. de C.V. (the "Borrower"), Pilgrim's Pride Corporation, certain Mexico subsidiaries of the Borrower, ING Capital LLC, and the lenders signatory thereto dated as of September 25, 2006 (incorporated by reference from Exhibit 10.1 of the Company'sCurrent Report on Form 8-K filed on September 28, 2006).                                                                                                                               |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 10.18  |   | 2006 Amended and Restated Credit Agreement by and among CoBank, ACB, Agriland, FCS and the Company dated as of September 21, 2006 (incorporated by reference from Exhibit 10.2 of the Company's Current Report on Form 8-K filed on September 28, 2006).                                                                                                                                                                                                                                                                                  |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 10.19  |   | First Amendment to the Pilgrim’s Pride Corporation Amended and Restated 2005 Deferred Compensation Plan Trust, dated as of November 29, 2006 (incorporated by reference from Exhibit 10.03 of the Company’s Current Report on Form 8-K filed on December 05, 2006). …                                                                                                                                                                                                                                                   |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 10.20  |   | Agreement and Plan of Merger dated as of December 3, 2006, by and among the Company, Protein Acquisition Corporation, a wholly owned subsidiary of the Company, and Gold Kist Inc. (incorporated by reference from Exhibit 99.(D)(1) to Amendment No. 11 to the Company’s Tender Offer Statement on Schedule TO filed on December 5, 2006).                                                                                                                                                                                         |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 10.21  |   | First Amendment to Credit Agreement, dated as of December 13, 2006, by and among the Company, as borrower, CoBank, ACB, as lead arranger and co-syndication agent, and sole book runner, and as administrative, documentation and collateral agent, Agriland, FCS, as co-syndication agent, and as a syndication party, and the other syndicationparties signatory thereto (incorporated by reference from Exhibit 10.01 to the Company’s Current Report on Form 8-K filed on December 19, 2006).                                   |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 10.22  |   | Second Amendment to Credit Agreement, dated as of January 4, 2007, by and among the Company, as borrower, CoBank, ACB, as lead arranger and co-syndication agent, and sole book runner, and as administrative, documentation and collateral agent, Agriland, FCS, as co-syndication agent, and as a syndication party, and the other syndication partiessignatory thereto (incorporated by reference from Exhibit 10.01 to the Company’s Current Report on Form 8-K filed on January 9, 2007).                                      |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 10.23  |   | Fourth Amended and Restated Secured Credit Agreement, dated as of February 8, 2007, by and among the Company, To-Ricos, Ltd., To-Ricos Distribution, Ltd., Bank of Montreal, as agent, SunTrust Bank, as syndication agent, U.S. Bank National Association and Wells Fargo Bank, National Association, as co-documentation agents, BMO Capital Market,as lead arranger, and the other lenders signatory thereto (incorporated by reference from Exhibit 10.01 of the Company’s Current Report on Form 8-K dated February 12, 2007). |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |

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| 10.24  |   | Third Amendment to Credit Agreement, dated as of February 7, 2007, by and among the Company as borrower, CoBank, ACB, as lead arranger and co-syndication agent, and the sole book runner, and as administrative, documentation and collateral agent, Agriland, FCS, as co-syndication agent, and as a syndication party, and the other syndicationparties signatory thereto (incorporated by reference from Exhibit 10.02 of the Company’s Current Report on Form 8-K dated February 12, 2007).     |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| 10.25  |   | First Amendment to Credit Agreement, dated as of March 15, 2007, by and among the Borrower, the Company, the Subsidiary Guarantors, ING Capital LLC, and the Lenders (incorporated by reference from Exhibit 10.01 of the Company’s Current Report on Form 8-K dated March 20, 2007).                                                                                                                                                                                                                |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| 10.26  |   | Fourth Amendment to Credit Agreement, dated as of July 3, 2007, by and among the Company as borrower, CoBank, ACB, as lead arranger and co-syndication agent, and the sole book runner, and as administrative, documentation and collateral agent, Agriland, FCS, as co-syndication agent, and as syndication party, and the other syndication partiessignatory thereto (incorporated by reference from Exhibit 10.1 of the Company's Quarterly Report on Form 10-Q filed July 31, 2007).                  |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| 10.27  |   | Fifth Amendment to Credit Agreement, dated as of August 7, 2007, by and among the Company as borrower, CoBank, ACB, as lead arranger and co-syndication agent, and the sole book runner, and as administrative, documentation and collateral agent, Agriland, FCS, as co-syndication agent, and as syndication party, and the other syndication partiessignatory thereto (incorporated by reference from Exhibit 10.39 of the Company’s Annual Report on Form 10-K filed on November 19, 2007). |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| 10.28  |   | Sixth Amendment to Credit Agreement, dated as of November 7, 2007, by and among the Company as borrower, CoBank, ACB, as administrative agent, and the other syndication parties signatory thereto (incorporated by reference from Exhibit 10.1 of the Company’s Current Report on Form 8-K dated November 13, 2007).                                                                                                                                                                           |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| 10.29  |   | Ground Lease Agreement effective February 1, 2008 between Pilgrim's Pride Corporation and Pat Pilgrim (incorporated by reference from Exhibit 10.1 of the Company's Current Report on Form 8-K dated February 1, 2008).                                                                                                                                                                                                                                                                                    |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| 10.30  |   | Seventh Amendment to Credit Agreement, dated as of March 10, 2008, by and among the Company as borrower, CoBank, ACB, as administrative agent, and the other syndication parties signatory thereto (incorporated by reference from Exhibit 10.1 to the Company's Current Report on Form 8-K filed on February 20, 2008).                                                                                                                                                                                   |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |

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| 10.31  |   | First Amendment to the Fourth Amended and Restated Secured Credit Agreement, dated as of March 11, 2008, by and among the Company, To-Ricos, Ltd., To-Ricos Distribution, Ltd., Bank of Montreal, as administrative agent, and the other lenders signatory thereto (incorporated by reference from Exhibit 10.2 to the Company's Current Report onForm 8-K filed on February 20, 2008).                         |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                            |
| 10.32  |   | Eighth Amendment to Credit Agreement, dated as of April 30, 2008, by and among the Company as borrower, CoBank, ACB, as administrative agent, and the other syndication parties signatory thereto (incorporated by reference from Exhibit 10.1 to the Company's Current Report on Form 8-K filed on May 5, 2008).                                                                                               |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                            |
| 10.33  |   | Second Amendment to the Fourth Amended and Restated Secured Credit Agreement, dated as of April 30, 2008, by and among the Company, To-Ricos, Ltd., To-Ricos Distribution, Ltd., Bank of Montreal, as administrative agent, and the other lenders signatory thereto (incorporated by reference from Exhibit 10.2 to the Company's Current Report onForm 8-K filed on May 5, 2008).                              |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                            |
| 10.34  |   | Change to Company Contribution Amount Under the Amended and Restated 2005 Deferred Compensation Plan of the Company (incorporated by reference from Exhibit 10.4 to the Company's Quarterly Report on Form 10-Q filed July 30, 2008). …                                                                                                                                                              |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                            |
| 10.35  |   | Limited Duration Waiver of Potential Defaults and Events of Default under Credit Agreement dated September 26, 2008 by and among Pilgrim's Pride Corporation, as borrower, CoBank, ACB, as administrative agent, and the other syndication parties signatory thereto (incorporatedby reference from Exhibit 10.1 to the Company's Current Report on Form 8-K filed on September 29, 2008).                 |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                            |
| 10.36  |   | Limited Duration Waiver Agreement dated as of September 26, 2008 by and among Pilgrim's Pride Corporation, as borrower, Bank of Montreal, as administrative agent, and certain other bank parties thereto (incorporated by reference from Exhibit 10.2 to the Company's Current Reporton Form 8-K filed on September 29, 2008).                                                                                 |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                            |
| 10.37  |   | Limited Duration Waiver Agreement dated as of September 26, 2008 by and among Pilgrim's Pride Corporation, Pilgrim's Pride Funding Corporation, BMO Capital Markets Corp., as administrator, and Fairway Finance Company, LLC (incorporated by reference from Exhibit 10.3 to theCompany's Current Report on Form 8-K filed on September 29, 2008).                                                             |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                            |
| 10.38  |   | Amended and Restated Receivables Purchase Agreement dated as of September 26, 2008 among Pilgrim's Pride Corporation, Pilgrim's Pride Funding Corporation, BMO Capital Markets Corp., as administrator, and the various purchasers and purchaser agents from time to time parties thereto (incorporatedby reference from Exhibit 10.4 to the Company's Current Report on Form 8-K filed on September 29, 2008). |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                            |

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| 10.39  |   | Amendment No. 1 dated as of October 10, 2008 to Amended and Restated Receivables Purchase Agreement, dated as of September 26, 2008 among Pilgrim's Pride Corporation, Pilgrim's Pride Funding Corporation, BMO Capital Markets Corp., as administrator, and the various purchasers and purchaseragents from time to time parties thereto (incorporated by reference from Exhibit 10.42 of the Company’s Annual Report on Form 10-K filed on December 11, 2008.) |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.40  |   | Amendment No. 2 to Purchase and Contribution Agreement dated as of September 26, 2008 among Pilgrim's Pride Funding Corporation and Pilgrim's Pride Corporation (incorporated by reference from Exhibit 10.5 to the Company's Current Report on Form 8-K filed on September 29, 2008).                                                                                                                                                                                 |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.41  |   | Limited Duration Waiver of Potential Defaults and Events of Default under Credit Agreement dated October 26, 2008 by and among Pilgrim's Pride Corporation, as borrower, CoBank, ACB, as administrative agent, and the other syndication parties signatory thereto (incorporated byreference from Exhibit 10.1 to the Company's Current Report on Form 8-K filed on October 27, 2008).                                                                                 |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.42  |   | Limited Duration Waiver Agreement dated as of October 26, 2008 by and among Pilgrim's Pride Corporation, as borrower, Bank of Montreal, as administrative agent, and certain other bank parties thereto (incorporated by reference from Exhibit 10.2 to the Company's Current Reporton Form 8-K filed on October 27, 2008).                                                                                                                                            |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.43  |   | Limited Duration Waiver Agreement dated as of October 26, 2008 by and among Pilgrim's Pride Corporation, Pilgrim's Pride Funding Corporation, BMO Capital Markets Corp., as administrator, and Fairway Finance Company, LLC (incorporated by reference from Exhibit 10.3 to the Company'sCurrent Report on Form 8-K filed on October 27, 2008).                                                                                                                        |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.44  |   | Form of Change in Control Agreement dated as of October 21, 2008 between the Company and certain of its executive officers (incorporated by reference from Exhibit 10.4 to the Company's Current Report on Form 8-K filed on October 27, 2008). …                                                                                                                                                                                                                |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.45  |   | First Amendment to Limited Duration Waiver of Potential Defaults and Events of Default under Credit Agreement dated November 25, 2008 by and among Pilgrim's Pride Corporation, as borrower, CoBank, ACB, as administrative agent, and the other syndication parties signatory thereto(incorporated by reference from Exhibit 10.48 of the Company’s Annual Report on Form 10-K filed on December 11, 2008).                                           |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.46  |   | First Amendment to Limited Duration Waiver Agreement dated as of November 25, 2008 by and among Pilgrim's Pride Corporation, as borrower, Bank of Montreal, as administrative agent, and certain other bank parties thereto (incorporated by reference from Exhibit 10.49 of the Company’s Annual Report on Form 10-K filed on December11, 2008).                                                                                                           |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |

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| 10.47  |   | First Amendment to Limited Duration Waiver Agreement dated as of November 25, 2008 by and among Pilgrim's Pride Corporation, Pilgrim's Pride Funding Corporation, BMO Capital Markets Corp., as administrator, and Fairway Finance Company, LLC (incorporated by reference from Exhibit 10.50 of the Company’s Annual Report on Form 10-Kfiled on December 11, 2008). |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                                                                                                             |
| 10.48  |   | Waiver Agreement and Second Amendment to Credit Agreement dated November 30, 2008, by and among the Company and certain non-debtor Mexico subsidiaries of the Company, ING Capital LLC, as agent, and the lenders signatory thereto (incorporated by reference from Exhibit 10.51 of the Company’s Annual Report on Form 10-K filed onDecember 11, 2008).             |
|   |   |                                                                                                                                                                                                                                                                                                                                                                             |
| 10.49  |   | Amended and Restated Post-Petition Credit Agreement dated December 31, 2008, among the Company, as borrower, certain subsidiaries of the Company, as guarantors, Bank of Montreal, as agent, and the lenders party thereto (incorporated by reference from Exhibit 10.1 of the Company’s Current Report on Form 8-K filed on January 6,2009).                         |
|   |   |                                                                                                                                                                                                                                                                                                                                                                             |
| 10.50  |   | Amended and Restated Employment Agreement dated January 27, 2009, between the Company and Don Jackson (incorporated by reference from Exhibit 10.1 to the Company’s Current Report on Form 8-K filed on January 30, 2009). …                                                                                                                                         |
|   |   |                                                                                                                                                                                                                                                                                                                                                                             |
| 10.51  |   | Separation Agreement dated December 22, 2008, between the Company and Robert A. Wright (incorporated by reference from Exhibit 10.13 to the Company's Quarterly Report on Form 10-Q filed on December 27, 2009). …                                                                                                                                                         |
|   |   |                                                                                                                                                                                                                                                                                                                                                                             |
| 10.52  |   | Separation Agreement dated December 24, 2008, between the Company and J. Clinton Rivers (incorporated by reference from Exhibit 10.14 to the Company's Quarterly Report on Form 10-Q filed on December 27, 2009). …                                                                                                                                                   |
|   |   |                                                                                                                                                                                                                                                                                                                                                                             |
| 10.53  |   | First Amendment to Amended and Restated Post-Petition Credit Agreement, dated as of February 26, 2009, among the Company, as borrower, certain subsidiaries of the Company, as guarantors, Bank of Montreal, as agent, and the lenders party thereto (incorporated by reference from Exhibit 10.1 of the Company’s Current Report on Form 8-Kfiled on March 4, 2009).      |
|   |   |                                                                                                                                                                                                                                                                                                                                                                             |
| 10.54  |   | Second Amendment to Amended and Restated Post-Petition Credit Agreement, dated as of June 5, 2009, among the Company, as borrower, certain subsidiaries of the Company, as guarantors, Bank of Montreal, as agent, and the lenders party thereto.*                                                                                                                               |
|   |   |                                                                                                                                                                                                                                                                                                                                                                             |
| 10.55  |   | Third Amendment to Amended and Restated Post-Petition Credit Agreement, dated as of July 15, 2009, among the Company, as borrower, certain subsidiaries of the Company, as guarantors, Bank of Montreal, as agent, and the lenders party thereto (incorporated by reference from Exhibit 10.1 of the Company’s Current Report on Form 8-K filedon July 17, 2009).          |
|   |   |                                                                                                                                                                                                                                                                                                                                                                             |
| 10.56  |   | Change in Control Agreement by and between the Company and Donald Jackson dated September 15, 2009 (incorporated by reference from Exhibit 10.1 of the Company's Current Report filed on September 18, 2009). …                                                                                                                                                            |
|   |   |                                                                                                                                                                                                                                                                                                                                                                             |

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| 10.57  |   | Consulting Agreement by and between the Company and Lonnie "Bo" Pilgrim dated September 16, 2009.* …                                                                 |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                       |
| 10.58  |   | Pilgrim's Pride Corporation FY2009 Performance Bonus Plan (incorporated by reference from Exhibit 10.1 of the Company's Current Report filed on October 13, 2009). … |
|   |   |                                                                                                                                                                       |
| 12     |   | Ratio of Earnings to Fixed Charges for the years ended September 26, 2009, September 27, 2008, September 29, 2007, September 30, 2006, and October 1, 2005.*               |
|   |   |                                                                                                                                                                       |
| 21     |   | Subsidiaries of Registrant.*                                                                                                                                               |
|   |   |                                                                                                                                                                       |
| 23     |   | Consent of Ernst & Young LLP.*                                                                                                                                         |
|   |   |                                                                                                                                                                       |
| 31.1   |   | Certification of Co-Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.*                                                                |
|   |   |                                                                                                                                                                       |
| 31.2   |   | Certification of Co-Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.*                                                                |
|   |   |                                                                                                                                                                       |
| 31.3   |   | Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.*                                                                       |
|   |   |                                                                                                                                                                       |
| 32.1   |   | Certification of Co-Principal Executive Officer of Pilgrim's Pride Corporation pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.*                                 |
|   |   |                                                                                                                                                                       |
| 32.2   |   | Certification of Co-Principal Executive Officer of Pilgrim's Pride Corporation pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.*                                 |
|   |   |                                                                                                                                                                       |
| 32.3   |   | Certification of Chief Financial Officer of Pilgrim's Pride Corporation pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.*                                        |

|   | *Filed herewith |
|--------|-----------------|

|   | …Represents a management contract or compensation plan arrangement |
|--------|--------------------------------------------------------------------------|

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SIGNATURES

| By:    | /s/ Richard A. Cogdill                           |
|--------|--------------------------------------------------|
|   | Richard A. Cogdill                               |
|   | Chief Financial Officer, Secretary and Treasurer |
|   | (Principal Financial and Accounting Officer)     |

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| Signature                           |   | Title                                             |   | Date     |
|-------------------------------------|--------|---------------------------------------------------|--------|----------|
|                                |   |                                              |   |     |
|                                |   |                                              |   |     |
| /s/ Lonnie “Bo” Pilgrim |   | Senior Chairman of the Board                      |   | 11/20/09 |
| Lonnie “Bo” Pilgrim     |   |                                              |   |     |
|                                |   |                                              |   |     |
|                                |   |                                              |   |     |
| /s/ Don Jackson                     |   | President                                         |   | 11/20/09 |
| Don Jackson                         |   | Chief Executive Officer and Director              |   |     |
|                                |   |                                              |   |     |
|                                |   |                                              |   |     |
| /s/ Richard A. Cogdill              |   | Chief Financial Officer, Secretary, Treasurer and |   | 11/20/09 |
| Richard A. Cogdill                  |   | Director                                          |   |     |
|                                |   | (Principal Financial and Accounting Officer)      |   |     |
|                                |   |                                              |   |     |
| /s/ Charles L. Black                |   | Director                                          |   | 11/20/09 |
| Charles L. Black                    |   |                                              |   |     |
|                                |   |                                              |   |     |
|                                |   |                                              |   |     |
| /s/ Linda Chavez                    |   | Director                                          |   | 11/20/09 |
| Linda Chavez                        |   |                                              |   |     |
|                                |   |                                              |   |     |
|                                |   |                                              |   |     |
| /s/ S. Key Coker                    |   | Director                                          |   | 11/20/09 |
| S. Key Coker                        |   |                                              |   |     |
|                                |   |                                              |   |     |
|                                |   |                                              |   |     |
| /s/ Keith W. Hughes                 |   | Director                                          |   | 11/20/09 |
| Keith W. Hughes                     |   |                                              |   |     |
|                                |   |                                              |   |     |
|                                |   |                                              |   |     |
| /s/ Blake D. Lovette                |   | Director                                          |   | 11/20/09 |
| Blake D. Lovette                    |   |                                              |   |     |

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| Signature                 |   | Title    |   | Date     |
|---------------------------|--------|----------|--------|----------|
|                      |   |     |   |     |
|                      |   |     |   |     |
| /s/ Vance C. Miller, Sr.  |   | Director |   | 11/20/09 |
| Vance C. Miller, Sr.      |   |     |   |     |
|                      |   |     |   |     |
|                      |   |     |   |     |
| /s/ Lonnie Ken Pilgrim    |   | Director |   | 11/20/09 |
| Lonnie Ken Pilgrim        |   |     |   |     |
|                      |   |     |   |     |
|                      |   |     |   |     |
| /s/ James G. Vetter, Jr.  |   | Director |   | 11/20/09 |
| James G. Vetter, Jr.      |   |     |   |     |
|                      |   |     |   |     |
|                      |   |     |   |     |
| /s/ Donald L. Wass, Ph.D. |   | Director |   | 11/20/09 |
| Donald L. Wass, Ph.D.     |   |     |   |     |
|                      |   |     |   |     |
|                      |   |     |   |     |

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Consolidated Balance Sheets

|                                                                                                                                                                              |   | September 26, 2009                               |       |   | September 27, 2008 |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------|------------|--------|--------------------|--------|
| Assets                                                                                                                                                                            |   | (In thousands, except shares and per share data) |       |
| Current assets:                                                                                                                                                                   |   |                                             |       |   |               |   |
| Cash and cash equivalents                                                                                                                                                         |   | $                                                | 220,029    |   |               | $      | 61,553 |   |
| Investment in available-for-sale securities                                                                                                                                       |   |                                             | 5,302      |   |               |   | 10,439 |   |
| Trade accounts and other receivables, lessallowance for doubtful accounts                                                                                                         |   |                                             | 316,953    |   |               |   | 144,156 |   |
| Inventories                                                                                                                                                                       |   |                                             | 763,869    |   |               |   | 1,036,163 |   |
| Income taxes receivable                                                                                                                                                           |   |                                             | 15,028     |   |               |   | 21,656 |   |
| Current deferred tax assets                                                                                                                                                       |   |                                             | —    |   |               |   | 54,312 |   |
| Prepaid expenses and other current assets                                                                                                                                         |   |                                             | 45,013     |   |               |   | 88,922 |   |
| Assets of discontinued business                                                                                                                                                   |   |                                             | —    |   |               |   | 33,519 |   |
|                                                                                                                                                                              |   |                                             |       |   |               |   |   |   |
| Total current assets                                                                                                                                                              |   |                                             | 1,366,194  |   |               |   | 1,450,720 |   |
|                                                                                                                                                                              |   |                                             |       |   |               |   |   |   |
| Investment in available-for-sale securities                                                                                                                                       |   |                                             | 57,314     |   |               |   | 55,854 |   |
| Deferred tax assets                                                                                                                                                               |   |                                             | 16,732     |   |               |   | — |   |
| Other assets                                                                                                                                                                      |   |                                             | 63,609     |   |               |   | 51,768 |   |
| Identified intangible assets, net                                                                                                                                                 |   |                                             | 57,179     |   |               |   | 67,363 |   |
| Property, plant and equipment, net                                                                                                                                                |   |                                             | 1,499,476  |   |               |   | 1,673,004 |   |
|                                                                                                                                                                              |   |                                             |       |   |               |   |   |   |
|                                                                                                                                                                              |   | $                                                | 3,060,504  |   |               | $      | 3,298,709 |   |
| Liabilities and stockholders’ equity                                                                                                                                        |   |                                             |       |   |               |   |   |   |
| Liabilities not subject to compromise:                                                                                                                                            |   |                                             |       |   |               |   |   |   |
| Current liabilities:                                                                                                                                                              |   |                                             |       |   |               |   |   |   |
| Accounts payable                                                                                                                                                                  |   | $                                                | 182,173    |   |               | $      | 378,887 |   |
| Accrued expenses                                                                                                                                                                  |   |                                             | 309,259    |   |               |   | 448,823 |   |
| Current deferred tax liabilities                                                                                                                                                  |   |                                             | 16,732     |   |               |   | — |   |
| Current maturities of long-term debt                                                                                                                                              |   |                                             | —    |   |               |   | 1,874,469 |   |
| Liabilities of discontinued business                                                                                                                                              |   |                                             | —    |   |               |   | 10,783 |   |
|                                                                                                                                                                              |   |                                             |       |   |               |   |   |   |
| Total current liabilities                                                                                                                                                         |   |                                             | 508,164    |   |               |   | 2,712,962 |   |
|                                                                                                                                                                              |   |                                             |       |   |               |   |   |   |
| Long-term debt, less current maturities                                                                                                                                           |   |                                             | 41,062     |   |               |   | 67,514 |   |
| Deferred tax liabilities                                                                                                                                                          |   |                                             | 22,213     |   |               |   | 80,755 |   |
| Other long-term liabilities                                                                                                                                                       |   |                                             | 104,984    |   |               |   | 85,737 |   |
|                                                                                                                                                                              |   |                                             |       |   |               |   |   |   |
| Total liabilities not subject to compromise                                                                                                                                       |   |                                             | 676,423    |   |               |   | 2,946,968 |   |
|                                                                                                                                                                              |   |                                             |       |   |               |   |   |   |
| Liabilities subject to compromise                                                                                                                                                 |   |                                             | 2,233,161  |   |               |   | — |   |
|                                                                                                                                                                              |   |                                             |       |   |               |   |   |   |
| Commitments and contingencies                                                                                                                                                     |   |                                             |       |   |               |   |   |   |
|                                                                                                                                                                              |   |                                             |       |   |               |   |   |   |
| Stockholders’ equity:                                                                                                                                                       |   |                                             |       |   |               |   |   |   |
| Preferred stock, $.01 par value, 5,000,000 shares authorized; no shares issued                                                                                                    |   |                                             | —    |   |               |   | — |   |
| Common stock, $.01 par value, 160,000,000 shares authorized; 77,141,389 shares issued and outstanding at year end 2009; 74,055,733 shares issued and outstanding at year end 2008 |   |                                             |   771 |   |               |   |   740 |   |
| Additional paid-in capital                                                                                                                                                        |   |                                             | 646,793    |   |               |   | 646,922 |   |
| Accumulated deficit                                                                                                                                                               |   |                                             | (469,407   | )      |               |   | (317,082 | ) |
| Accumulated other comprehensive income (loss)                                                                                                                                     |   |                                             | (27,237    | )      |               |   | 21,161 |   |
|                                                                                                                                                                              |   |                                             |       |   |               |   |   |   |
| Total stockholders’ equity                                                                                                                                                  |   |                                             | 150,920    |   |               |   | 351,741 |   |
|                                                                                                                                                                              |   |                                             |       |   |               |   |   |   |
|                                                                                                                                                                              |   | $                                                | 3,060,504  |   |               | $      | 3,298,709 |   |

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Consolidated Statements of Operations

|                                                                                    |   | Three Years Ended September 26, 2009  |      |
|-----------------------------------------------------------------------------------------|--------|---------------------------------------|-----------|
|                                                                                    |   | 2009                                  |      |   | 2008 |   |   | 2007 |   |
|                                                                                    |   | (In thousands, except per share data) |      |
| Net sales                                                                               |   | $                                     | 7,088,055 |   |   | $ | 8,518,757 |   |   | $ | 7,498,612 |   |
| Costs and expenses:                                                                     |   |                                  |      |   |   |   |   |   |   |   |   |   |
| Cost of sales                                                                           |   |                                  | 6,705,157 |   |   |   | 8,654,262 |   |   |   | 6,905,882 |   |
| Asset impairment and other operational restructuring charges                            |   |                                  | 12,464    |   |   |   | 27,990 |   |   |   | — |   |
|                                                                                    |   |                                  |      |   |   |   |   |   |   |   |   |   |
| Gross profit (loss)                                                                     |   |                                  | 370,434   |   |   |   | (163,495 | ) |   |   | 592,730 |   |
|                                                                                    |   |                                  |      |   |   |   |   |   |   |   |   |   |
| Selling, general and administrative expenses                                            |   |                                  | 301,120   |   |   |   | 376,599 |   |   |   | 355,539 |   |
| Goodwill impairment                                                                     |   |                                  | —   |   |   |   | 501,446 |   |   |   | — |   |
| Administrative restructuring charges, net                                               |   |                                  | 1,987     |   |   |   | 16,156 |   |   |   | — |   |
|                                                                                    |   |                                  |      |   |   |   |   |   |   |   |   |   |
| Total costs and expenses                                                                |   |                                  | 7,020,728 |   |   |   | 9,576,453 |   |   |   | 7,261,421 |   |
|                                                                                    |   |                                  |      |   |   |   |   |   |   |   |   |   |
| Operating income (loss)                                                                 |   |                                  | 67,327    |   |   |   | (1,057,696 | ) |   |   | 237,191 |   |
|                                                                                    |   |                                  |      |   |   |   |   |   |   |   |   |   |
| Other expenses (income):                                                                |   |                                  |      |   |   |   |   |   |   |   |   |   |
| Interest expense                                                                        |   |                                  | 161,929   |   |   |   | 134,220 |   |   |   | 123,183 |   |
| Interest income                                                                         |   |                                  | (4,386    | ) |   |   | (2,593 | ) |   |   | (4,641 | ) |
| Loss on early extinguishment of debt                                                    |   |                                  | —   |   |   |   | — |   |   |   | 26,463 |   |
| Miscellaneous, net                                                                      |   |                                  | (3,724    | ) |   |   | (2,230 | ) |   |   | (6,649 | ) |
|                                                                                    |   |                                  |      |   |   |   |   |   |   |   |   |   |
|                                                                                    |   |                                  | 153,819   |   |   |   | 129,397 |   |   |   | 138,356 |   |
|                                                                                    |   |                                  |      |   |   |   |   |   |   |   |   |   |
| Income (loss) from continuing operations before reorganization items and income taxes   |   |                                  | (86,492   | ) |   |   | (1,187,093 | ) |   |   | 98,835 |   |
| Reorganization items, net                                                               |   |                                  | 87,275    |   |   |   | — |   |   |   | — |   |
|                                                                                    |   |                                  |      |   |   |   |   |   |   |   |   |   |
| Income (loss) from continuing operations before income taxes                            |   |                                  | (173,767  | ) |   |   | (1,187,093 | ) |   |   | 98,835 |   |
| Income tax expense (benefit)                                                            |   |                                  | (21,586   | ) |   |   | (194,921 | ) |   |   | 47,319 |   |
|                                                                                    |   |                                  |      |   |   |   |   |   |   |   |   |   |
| Income (loss) from continuing operations                                                |   |                                  | (152,181  | ) |   |   | (992,172 | ) |   |   | 51,516 |   |
| Income (loss) from discontinued business, net of tax                                    |   |                                  | 599       |   |   |   | (6,409 | ) |   |   | (4,499 | ) |
|                                                                                    |   |                                  |      |   |   |   |   |   |   |   |   |   |
| Net income (loss)                                                                       |   | $                                     | (151,582  | ) |   | $ | (998,581 | ) |   | $ | 47,017 |   |
|                                                                                    |   |                                  |      |   |   |   |   |   |   |   |   |   |
| Net income (loss) per common share—basic and diluted:                             |   |                                  |      |   |   |   |   |   |   |   |   |   |
| Continuing operations                                                                   |   | $                                     | (2.06     | ) |   | $ | (14.31 | ) |   | $ | 0.77 |   |
| Discontinued business                                                                   |   |                                  | 0.01      |   |   |   | (0.09 | ) |   |   | (0.06 | ) |
|                                                                                    |   |                                  |      |   |   |   |   |   |   |   |   |   |
| Net income (loss)                                                                       |   | $                                     | (2.05     | ) |   | $ | (14.40 | ) |   | $ | 0.71 |   |
|                                                                                    |   |
| The accompanying notes are an integral part of these Consolidated Financial Statements. |   |

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Consolidated Statements of Stockholders’ Equity

|                                    |   |                                             |            |    |   |        |      |   | Accumulated   |          |          |    |   |
|-----------------------------------------|--------|--------------------------------------------------|-----------------|---------|--------|-------------|-----------|--------|---------------|---------------|---------------|---------|--------|
|                                    |   |                                             | Additional      |    |   | Accumulated |      |   | Other         |          |          |    |   |
|                                    |   | Common Stock                                     | Paid-In         |    |   | Earnings    |      |   | Comprehensive |          |          |    |   |
|                                    |   | Shares                                           | Value           | Capital |   |        | (Deficit) |   |          | Income (Loss) |          |    | Total  |   |
|                                    |   | (In thousands, except shares and per share data) |
| Balance at September 30, 2006           |   |                                             | 66,555,733      |    |   | $           | 665       |   |          | $             | 469,779       |    |   | $ | 646,750 |   |   | $ | 134 |   |   | $ | 1,117,328 |   |   |
|                                    |   |                                             |            |    |   |        |      |   |          |          |          |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income                              |   |                                             |            |    |   |        |      |   |          |          |          |    |   |   | (34,232 | ) |   |   |   |   |   |   | 47,017 |   |   |
| Other comprehensive income              |   |                                             |            |    |   |        |      |   |          |          |          |    |   |   |   |   |   |   | 13,868 |   |   |   | 13,868 |   |   |
|                                    |   |                                             |            |    |   |        |      |   |          |          |          |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total comprehensive income              |   |                                             |            |    |   |        |      |   |          |          |          |    |   |   |   |   |   |   |   |   |   |   | 60,885 |   |   |
|                                    |   |                                             |            |    |   |        |      |   |          |          |          |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash dividends declared($.09 per share) |   |                                             |            |    |   |        |      |   |          |          |          |    |   |   | (5,992 | ) |   |   |   |   |   |   | (5,992 | ) |   |
|                                    |   |                                             |            |    |   |        |      |   |          |          |          |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance at September 29, 2007           |   |                                             | 66,555,733      |    |   |        | 665       |   |          |          | 469,779       |    |   |   | 687,775 |   |   |   | 14,002 |   |   |   | 1,172,221 |   |   |
|                                    |   |                                             |            |    |   |        |      |   |          |          |          |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss                                |   |                                             |            |    |   |        |      |   |          |          |          |    |   |   | (998,581 | )  |   |   |   |   |   |   | (998,581 | )  |   |
| Other comprehensive loss                |   |                                             |            |    |   |        |      |   |          |          |          |    |   |   |   |   |   |   | 7,159 |   |   |   | 7,159 |   |   |
|                                    |   |                                             |            |    |   |        |      |   |          |          |          |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total comprehensive loss                |   |                                             |            |    |   |        |      |   |          |          |          |    |   |   |   |   |   |   |   |   |   |   | (991,422 | )  |   |
|                                    |   |                                             |            |    |   |        |      |   |          |          |          |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Sale of common stock              |   |                                             | 7,500,000  |    |   |        | 75   |   |          |          |  177,143 |    |   |   |   |   |   |   |   |   |   |   | 177,218 |   |   |
| Cash dividends declared($.09 per share) |   |                                             |            |    |   |        |      |   |          |          |          |    |   |   | (6,328 | ) |   |   |   |   |   |   | (6,328 | ) |   |
|  Other                             |   |                                             |            |    |   |        |      |   |          |          |          |    |   |   | 52 |   |   |   |   |   |   |   | 52 |   |   |
|                                    |   |                                             |            |    |   |        |      |   |          |          |          |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance at September 27, 2008           |   |                                             | 74,055,733      |    |   |        | 740       |   |          |          | 646,922       |    |   |   | (317,082 | )  |   |   | 21,161 |   |   |   | 351,741 |   |   |
|                                    |   |                                             |            |    |   |        |      |   |          |          |          |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss                                |   |                                             |            |    |   |        |      |   |          |          |          |    |   |   | (151,582 | ) |   |   |   |   |   |   | (151,582 | ) |   |
| Other comprehensive loss                |   |                                             |            |    |   |        |      |   |          |          |          |    |   |   |   |   |   |   | (48,398 | )  |   |   | (48,398 | )  |   |
|                                    |   |                                             |            |    |   |        |      |   |          |          |          |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total comprehensive loss                |   |                                             |            |    |   |        |      |   |          |          |          |    |   |   |   |   |   |   |   |   |   |   | (199,980 | ) |   |
|                                    |   |                                             |            |    |   |        |      |   |          |          |          |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Issuance of restricted common stock     |   |                                             | 3,085,656       |    |   |        | 31        |   |          |          | (31           | )  |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other                                   |   |                                             |            |    |   |        |      |   |          |          | (98           | )  |   |   | (743 | )  |   |   |   |   |   |   | (841 | )  |   |
|                                    |   |                                             |            |    |   |        |      |   |          |          |          |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance at September 26, 2009           |   |                                             | 77,141,389      |    |   | $           | 771       |   |          | $             | 646,793       |    |   | $ | (469,407 | ) |   | $ | (27,237 | )  |   | $ | 150,920 |   |   |

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Consolidated Statements of Cash Flows

|                                                                                          |   | Three Years Ended September 26, 2009 |     |
|-----------------------------------------------------------------------------------------------|--------|--------------------------------------|----------|
|                                                                                          |   | 2009                                 |     |   | 2008 |   |   | 2007 |   |
|                                                                                          |   | (In thousands)                       |     |
| Cash flows from operating activities:                                                         |   |                                 |     |   |   |   |   |   |   |
| Net income (loss)                                                                             |   | $                                    | (151,582 | ) |   | $ | (998,581 | ) |   | $ | 47,017 |   |
| Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities |   |                                 |     |   |   |   |   |   |   |   |   |   |
| Depreciation and amortization                                                                 |   |                                 | 236,005  |   |   |   | 240,305 |   |   |   | 204,903 |   |
| Non-cash loss on early extinguishment of debt                                                 |   |                                 | —  |   |   |   | — |   |   |   | 9,543 |   |
| Tangible asset impairment                                                                     |   |                                 | 5,409    |   |   |   | 13,184 |   |   |   | — |   |
| Goodwill impairment                                                                           |   |                                 | —  |   |   |   | 501,446 |   |   |   | — |   |
| Gain on property disposals                                                                    |   |                                 | (26,353  | ) |   |   | (14,850 | ) |   |   | (446 | ) |
| Deferred income taxes                                                                         |   |                                 | (21,478  | ) |   |   | (195,944 | ) |   |   | 83,884 |   |
| Changes in operating assets and liabilities, net of the effect of business acquired           |   |                                 |     |   |   |   |   |   |   |   |   |   |
| Accounts and other receivables                                                                |   |                                 | (173,915 | ) |   |   | (19,864 | ) |   |   | 247,217 |   |
| Income taxes payable/receivable                                                               |   |                                 | (2,269   | ) |   |   | (1,552 | ) |   |   | 5,570 |   |
| Inventories                                                                                   |   |                                 | 284,678  |   |   |   | (103,937 | ) |   |   | (129,645 | ) |
| Prepaid expenses and other current assets                                                     |   |                                 | 24,036   |   |   |   | (23,392 | ) |   |   | (2,981 | ) |
| Accounts payable and accrued expenses                                                         |   |                                 | (101,255 | ) |   |   | (71,293 | ) |   |   | (5,097 | ) |
| Other, net                                                                                    |   |                                 | 1,730    |   |   |   | (6,374 | ) |   |   | 3,999 |   |
|                                                                                          |   |                                 |     |   |   |   |   |   |   |   |   |   |
| Cash provided by (used in) operating activities                                               |   |                                 | 75,006   |   |   |   | (680,852 | ) |   |   | 463,964 |   |
|                                                                                          |   |                                 |     |   |   |   |   |   |   |   |   |   |
| Cash flows from investing activities:                                                         |   |                                 |     |   |   |   |   |   |   |   |   |   |
| Acquisitions of property, plant and equipment                                                 |   |                                 | (88,193  | ) |   |   | (152,501 | ) |   |   | (172,323 | ) |
| Change in restricted cash and cash equivalents                                                |   |                                 | (10,072  | ) |   |   | — |   |   |   | — |   |
| Purchase of investment securities                                                             |   |                                 | (19,958  | ) |   |   | (38,043 | ) |   |   | (125,045 | ) |
| Proceeds from sale or maturity of investment securities                                       |   |                                 | 18,946   |   |   |   | 27,545 |   |   |   | 208,676 |   |
| Business acquisition, net of cash acquired                                                    |   |                                 | —  |   |   |   | — |   |   |   | (1,102,069 | ) |
| Proceeds from property disposals                                                              |   |                                 | 85,736   |   |   |   | 41,367 |   |   |   | 6,286 |   |
|                                                                                          |   |                                 |     |   |   |   |   |   |   |   |   |   |
| Cash used in investing activities                                                             |   |                                 | (13,541  | ) |   |   | (121,632 | ) |   |   | (1,184,475 | ) |
|                                                                                          |   |                                 |     |   |   |   |   |   |   |   |   |   |
| Cash flows from financing activities:                                                         |   |                                 |     |   |   |   |   |   |   |   |   |   |
| Proceeds from notes payable to banks                                                          |   |                                 | 430,817  |   |   |   | — |   |   |   | — |   |
| Repayments on notes payable to banks                                                          |   |                                 | (430,817 | ) |   |   | — |   |   |   | — |   |
| Proceeds from long-term debt                                                                  |   |                                 | 833,424  |   |   |   | 2,264,912 |   |   |   | 1,981,255 |   |
| Payments on long-term debt                                                                    |   |                                 | (719,762 | ) |   |   | (1,646,028 | ) |   |   | (1,368,700 | ) |
| Changes in cash management obligations                                                        |   |                                 | (11,172  | ) |   |   | 13,558 |   |   |   | 39,231 |   |
| Sale of common stock                                                                          |   |                                 | —  |   |   |   | 177,218 |   |   |   | — |   |
| Cash dividends paid                                                                           |   |                                 | —  |   |   |   | (6,328 | ) |   |   | (5,992 | ) |
| Other, net                                                                                    |   |                                 | (1,337   | ) |   |   | (5,589 | ) |   |   | (15,565 | ) |
|                                                                                          |   |                                 |     |   |   |   |   |   |   |   |   |   |
| Cash provided by financing activities                                                         |   |                                 | 101,153  |   |   |   | 797,743 |   |   |   | 630,229 |   |
|                                                                                          |   |                                 |     |   |   |   |   |   |   |   |   |   |
| Effect of exchange rate changes on cash and cash equivalents                                  |   |                                 | (4,142   | ) |   |   | 126 |   |   |   | 46 |   |
|                                                                                          |   |                                 |     |   |   |   |   |   |   |   |   |   |
| Increase (decrease) in cash and cash equivalents                                              |   |                                 | 158,476  |   |   |   | (4,615 | ) |   |   | (90,236 | ) |
| Cash and cash equivalents, beginning of year                                                  |   |                                 | 61,553   |   |   |   | 66,168 |   |   |   | 156,404 |   |
|                                                                                          |   |                                 |     |   |   |   |   |   |   |   |   |   |
| Cash and cash equivalents, end of year                                                        |   | $                                    | 220,029  |   |   | $ | 61,553 |   |   | $ | 66,168 |   |
|                                                                                          |   |                                 |     |   |   |   |   |   |   |   |   |   |
| Supplemental Disclosure Information:                                                          |   |                                 |     |   |   |   |   |   |   |   |   |   |
| Cash paid during the year for:                                                                |   |                                 |     |   |   |   |   |   |   |   |   |   |
| Interest (net of amount capitalized)                                                          |   | $                                    | 79,689   |   |   | $ | 142,339 |   |   | $ | 104,394 |   |
| Income taxes paid                                                                             |   | $                                    | 11,228   |   |   | $ | 6,411 |   |   | $ | 11,164 |   |
|                                                                                          |   |                                 |     |   |   |   |   |   |   |   |   |   |
| The accompanying notes are an integral part of these Consolidated Financial Statements.       |   |

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

|   | NOTE A—BUSINESS AND CHAPTER 11 PROCEEDINGS |
|--------|--------------------------------------------------|

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| Professional fees directly related to reorganization (a) |   | $      | 34,831  |   |
|----------------------------------------------------------|--------|--------|---------|--------|
| DIP Credit Agreement related expenses                    |   |   | 11,375  |   |
| Net gain on asset disposals(b)                           |   |   | (15,850 | )      |
| Other (c)                                                |   |   | 56,919  |   |
|                                                     |   |   |    |   |
| Reorganization items, net                                |   | $      | 87,275  |   |
|                                                     |   |   |    |   |

| (a)                    | Professional fees directly related to the reorganization include post-petition fees associated with advisors to the Debtors, the statutory committee of unsecured creditors and certain secured creditors. Professional fees are estimated by the Debtors and will be reconciled to actual invoices when received.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|-----------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| (b)                    | Net gain on asset disposals includes (i) a gain recognized on the sale of the Farmerville, Louisiana, processing facility, (ii) a gain recognized on the sale of undeveloped land in Camp County, Texas, and (iii) a loss recognized on the sale of the Company’s interest in a hog farming joint venture.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|                        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| (c)     | Other expenses includes (i) severance, grower pay, live flock impairment, inventory disposal costs, equipment relocation costs and other shutdown costs related to the closed processing facilities in Douglas, Georgia; El Dorado, Arkansas; Farmerville, Louisiana; Franconia, Pennsylvania; Dalton, Georgia; Athens, Georgia; and Athens, Alabama,(ii) severance costs related to the closed distribution center in Houston, Texas, the February 2009 Operations management reduction-in-force (“RIF”) action, the April 2009 non-production employee RIF action, and reduced or consolidated production at various facilities throughout the US, (iii) asset impairment costs related to the closed processing facility in Dalton, Georgia, and (iv) fees associated with the termination of the RPA on December 3, 2008. |

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|                                    |   | September 26,2009 |      |
|-----------------------------------------|--------|-------------------|-----------|
|                                    |   | (In thousands)    |      |
| Accounts payable                        |   | $                 | 85,250    |   |
| Accrued expenses                        |   |              | 139,319   |   |
| Secured long-term debt                  |   |              | 1,347,036 |   |
| Unsecured long-term debt                |   |              | 656,996   |   |
| Other long-term liabilities             |   |              | 4,560     |   |
|                                    |   |              |      |   |
| Total liabilities subject to compromise |   | $                 | 2,233,161 |   |

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| Balance Sheet Information:                       |   |   |      |
|--------------------------------------------------|--------|--------|-----------|
| Receivables from affiliates                      |   | $      | 113,302   |   |
| Other current assets                             |   |   | 1,091,354 |   |
| Identified intangible assets                     |   |   | 57,179    |   |
| Investment in subsidiaries                       |   |   | 325,856   |   |
| Property, plant and equipment, net               |   |   | 1,378,918 |   |
| Other assets                                     |   |   | 85,744    |   |
|                                             |   |   |      |   |
| Total assets                                     |   | $      | 3,052,353 |   |
|                                             |   |   |      |   |
| Current liabilities                              |   | $      | 401,651   |   |
| Long-term liabilities                            |   |   | 254,410   |   |
|                                             |   |   |      |   |
| Liabilities not subject to compromise            |   |   | 656,061   |   |
| Liabilities subject to compromise                |   |   | 2,233,161 |   |
|                                             |   |   |      |   |
| Total liabilities                                |   |   | 2,889,222 |   |
| Stockholders’ equity                       |   |   | 163,131   |   |
|                                             |   |   |      |   |
| Total liabilities and stockholders’ equity |   | $      | 3,052,353 |   |
|                                             |   |   |      |   |
| Statement of Operations Information:             |   |   |      |   |
| Net sales                                        |   | $      | 6,454,958 |   |
| Gross profit                                     |   |   | 306,614   |   |
| Operating income                                 |   |   | 28,470    |   |
| Reorganization items                             |   |   | 84,363    |   |
| Income from equity affiliates                    |   |   | 26,879    |   |
| Net loss                                         |   |   | (151,582  | ) |
|                                             |   |   |      |   |
| Statement of Cash Flows Information:             |   |   |      |   |
| Cash used in operating activities                |   | $      | 158,798   |   |
| Cash used in investing activities                |   |   | (11,540   | ) |
| Cash provided by financing activities            |   |   | (6,250    | ) |

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| Purchase of 50,146,368 shares at $21.00 per share |   | $      | 1,053,074 |   |
|---------------------------------------------------|--------|--------|-----------|--------|
| Premium paid on retirement of debt                |   |   | 22,208    |   |
| Retirement of share-based compensation awards     |   |   | 25,677    |   |
| Transaction costs and fees                        |   |   | 37,740    |   |
|                                              |   |   |      |   |
| Total purchase price                              |   | $      | 1,138,699 |   |

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| Current assets                          |   | $      | 418,583   |   |
|-----------------------------------------|--------|--------|-----------|--------|
| Property, plant and equipment           |   |   | 674,444   |   |
| Goodwill                                |   |   | 499,669   |   |
| Intangible assets                       |   |   | 64,500    |   |
| Other assets                            |   |   | 65,597    |   |
|                                    |   |   |      |   |
| Total assets acquired                   |   |   | 1,722,793 |   |
|                                    |   |   |      |   |
| Current liabilities                     |   |   | 269,619   |   |
| Long-term debt, less current maturities |   |   | 140,674   |   |
| Deferred income taxes                   |   |   | 93,509    |   |
| Other long-term liabilities             |   |   | 80,292    |   |
|                                    |   |   |      |   |
| Total liabilities assumed               |   |   | 584,094   |   |
|                                    |   |   |      |   |
| Total purchase price                    |   | $      | 1,138,699 |   |

|                                            |   | Estimated     |    |   | Amortization |   |
|-------------------------------------------------|--------|---------------|---------|--------|--------------|--------|
|                                            |   | Fair Value    |    |   | Period       |   |
|                                            |   | (In millions) |    |   | (In years)   |   |
| Intangible assets subject to amortization:      |   |          |    |   |         |   |
| Customer relationships                          |   | $             | 51,000  |   |         |   | 13.0 |   |
| Trade name                                      |   |          | 13,200  |   |         |   | 3.0 |   |
| Non-compete agreements                          |   |          | 300     |   |         |   | 3.0 |   |
|                                            |   |          |    |   |         |   |   |   |
| Total intangible assets subject to amortization |   |          | 64,500  |   |         |   |   |   |
|                                            |   |          |    |   |         |   |   |   |
| Goodwill                                        |   |          | 499,669 |   |         |   |   |   |
|                                            |   |          |    |   |         |   |   |   |
| Total intangible assets                         |   | $             | 564,169 |   |         |   |   |   |
|                                            |   |          |    |   |         |   |   |   |
| Weighted average amortization period            |   |          |    |   |         |   | 10.9 |   |

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| ·   | The combined company would be positioned as the world’s leading chicken producer and that position would provide us with enhanced abilities to (i) compete more efficiently and provide even better customer service, (ii) expand our geographic reach and customer base, (iii) further pursue value-added and prepared chicken opportunities and (iv) offerlong-term growth opportunities for our stockholders, employees, and growers. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The combined company would be better positioned to compete in the industry both internationally and in the US as additional consolidation occurred. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------|

|                                                      |   | 2007      |       |
|-----------------------------------------------------------|--------|-----------|------------|
|                                                      |   | Pro forma |       |
|                                                      |   |      |       |
| Net sales                                                 |   | $         | 8,026,422  |   |
| Depreciation and amortization                             |   | $         | 228,539    |   |
| Operating income (loss)                                   |   | $         | 206,640    |   |
| Interest expense, net                                     |   | $         | 144,354    |   |
| Income (loss) from continuing operations before taxes     |   | $         | 43,900     |   |
| Income (loss) from continuing operations                  |   | $         | 17,331     |   |
| Net income (loss)                                         |   | $         | 12,832     |   |
| Income (loss) from continuing operations per common share |   | $         | 0.26       |   |
| Net income (loss) per common share                        |   | $         | 0.19       |   |
| Weighted average shares outstanding                       |   |      | 66,555,733 |   |

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|                                                                      |   | 2009           |    |   | 2008   |   |    | 2007   |   |
|---------------------------------------------------------------------------|--------|----------------|---------|--------|--------|--------|---------|--------|--------|
|                                                                      |   | (In thousands) |    |
| Net sales                                                                 |   | $              | 25,788  |   |   | $      | 86,261  |   |   | $ | 99,987 |   |
|                                                                      |   |           |    |   |   |   |    |   |   |   |   |   |
| Income (loss) from operation of discontinued business before income taxes |   | $              | 962     |   |   | $      | (11,746 | )      |   | $ | (7,228 | ) |
| Income tax expense (benefit)                                              |   |           | 363     |   |   |   | (4,434  | )      |   |   | (2,729 | ) |
|                                                                      |   |           |    |   |   |   |    |   |   |   |   |   |
| Income (loss) from operation of discontinued business, net of tax         |   | $              | 599     |   |   | $      | (7,312  | )      |   | $ | (4,499 | ) |
|                                                                      |   |           |    |   |   |   |    |   |   |   |   |   |
| Gain on sale of discontinued business before income taxes                 |   | $              | — |   |   | $      | 1,450   |   |   | $ | — |   |
| Income tax expense                                                        |   |           | — |   |   |   | 547     |   |   |   | — |   |
|                                                                      |   |           |    |   |   |   |    |   |   |   |   |   |
| Gain on sale of discontinued business, net of tax                         |   | $              | — |   |   | $      | 903     |   |   | $ | — |   |

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| Trade accounts and other receivables, less allowance for doubtful accounts |   | $      | 5,881  |   |
|----------------------------------------------------------------------------|--------|--------|--------|--------|
| Inventories                                                                |   |   | 27,638 |   |
|                                                                       |   |   |   |   |
| Assets of discontinued business                                            |   | $      | 33,519 |   |
|                                                                       |   |   |   |   |
| Accounts payable                                                           |   | $      | 7,737  |   |
| Accrued expenses                                                           |   |   | 3,046  |   |
|                                                                       |   |   |   |   |
| Liabilities of discontinued business                                       |   | $      | 10,783 |   |

| ·   | Closed processing facilities or complexes in Dalton, Georgia; Douglas, Georgia; El Dorado, Arkansas; Franconia, Pennsylvania; Clinton, Arkansas; Bossier City, Louisiana; and Siler City, North Carolina, |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Sold a closed processing complex in Farmerville, Louisiana, |
|--------------------|-------------------------------------------------------------|

| ·   | Announced the October 2009 closures of processing facilities in Athens, Alabama, and Athens, Georgia, |
|--------------------|-------------------------------------------------------------------------------------------------------|

| ·   | Sold closed distribution centers in Cincinnati, Ohio; Plant City, Florida; El Paso, Texas, and Pompano Beach, Florida, |
|--------------------|------------------------------------------------------------------------------------------------------------------------|

| ·   | Closed distribution centers in Houston, Texas; Oskaloosa, Iowa; Jackson, Mississippi, and Nashville, Tennessee, |
|--------------------|-----------------------------------------------------------------------------------------------------------------|

| ·   | Reduced its workforce by approximately 440 non-production positions, including the resignations of the former Chief Executive Officer and former Chief Operating Officer, |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Closed an administrative office building in Duluth, Georgia, in June 2008, and |
|--------------------|--------------------------------------------------------------------------------|

| ·   | Reduced or consolidated production at various other facilities throughout the US. |
|--------------------|-----------------------------------------------------------------------------------|

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|               |   |  AccruedLease Obligation |    |   | Accrued Severance and Employee Retention |   |    | Accrued Other Restructuring Costs |   |   |  Restructuring Inventory Reserves |   |   |    Total |    |
|--------------------|--------|-------------------------------|---------|--------|------------------------------------------|--------|---------|-----------------------------------|--------|--------|----------------------------------------|--------|--------|-------------------------|---------|
|               |   | (In thousands)                |    |
| September 29, 2007 |   | $                             | — |   |                                     | $      | — |                              |   | $      | —                                |   |   | $                       | — |   |   | $ | — |   |
|               |   |                          |    |   |                                     |   |    |                              |   |   |                                   |   |   |                    |    |   |   |   |   |   |
|               |   |                          |    |   |                                     |   |    |                              |   |   |                                   |   |   |                    |    |   |   |   |   |   |
| Accruals           |   |                          | 4,778   |   |                                     |   | 4,000   |                              |   |   | 7,378                                  |   |   |                    | 2,021   |   |   |   | 18,177 |   |
| Payment / Disposal |   |                          | (312    | )      |                                     |   | (1,306  | )                                 |   |   | (1,727                                 | )      |   |                    | (806    | ) |   |   | (4,151 | ) |
| Adjustments        |   |                          | — |   |                                     |   | — |                              |   |   | —                                |   |   |                    | (3      | ) |   |   | (3 | ) |
|               |   |                          |    |   |                                     |   |    |                              |   |   |                                   |   |   |                    |    |   |   |   |   |   |
| September 27, 2008 |   |                          | 4,466   |   |                                     |   | 2,694   |                              |   |   | 5,651                                  |   |   |                    | 1,212   |   |   |   | 14,023 |   |
|               |   |                          |    |   |                                     |   |    |                              |   |   |                                   |   |   |                    |    |   |   |   |   |   |
| Accruals           |   |                          | — |   |                                     |   | 17,830  |                              |   |   | 7,667                                  |   |   |                    | 5,029   |   |   |   | 30,526 |   |
| Payment / Disposal |   |                          | (622    | )      |                                     |   | (12,876 | )                                 |   |   | (2,753                                 | )      |   |                    | (4,775  | ) |   |   | (21,026 | ) |
| Adjustments        |   |                          | (2,202  | )      |                                     |   | (4,305  | )                                 |   |   | (2,454                                 | )      |   |                    | (212    | ) |   |   | (9,173 | ) |
|               |   |                          |    |   |                                     |   |    |                              |   |   |                                   |   |   |                    |    |   |   |   |   |   |
| September 26, 2009 |   | $                             | 1,642   |   |                                     | $      | 3,343   |                              |   | $      | 8,111                                  |   |   | $                       | 1,254   |   |   | $ | 14,350 |   |
|               |   |                          |    |   |                                     |   |    |                              |   |   |                                   |   |   |                    |    |   |   |   |   |   |

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|                                               |   | Carrying Amount |       |   | Fair Value |   | Reference |
|----------------------------------------------------|--------|-----------------|------------|--------|------------|--------|-----------|
|                                               |   | (In thousands)  |       |   |
| Cash and cash equivalents                          |   | $               | 220,029    |   |       | $      | 220,029   |   |   |
| Trade accounts and other receivables               |   |            | 316,953    |   |       |   | 316,953   |   | Note H |
| Investments in available-for-sale securities       |   |            | 62,616     |   |       |   | 62,616    |   |   |
| Long-term restricted cash and cash equivalents (a) |   |            | 10,072     |   |       |   | 10,072    |   |   |
| Accounts payable and accrued expenses              |   |            | (491,432   | )      |       |   | (491,432  | ) | Note L |
| Public debt obligations                            |   |            | (656,996   | )      |       |   | (717,206  | ) | Note M |
| Non-public credit facilities                       |   |            | (1,388,098 | )      |       | (b)    |      | Note M |
|                                               |   |            |       |   |       |   |      |   |   |

| (a)    | Long-term restricted cash and cash equivalents collateralize self-insurance obligations and are included in Other assets on the Consolidated Balance Sheet.                                                                                                      |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                             |
| (b)    | Management expects that the fair value of our non-public credit facilities has decreased below the aggregate face value of those facilities, but cannot reliably estimate the aggregate fair value at this time as a result of our Chapter 11 bankruptcy filing. |

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|                    |   | September 26, 2009 |    |   | September 27, 2008 |   |
|-------------------------|--------|--------------------|---------|--------|--------------------|--------|
|                    |   | Amortized Cost     |    |   | Fair Value         |   |   | Amortized Cost |   |   | Fair Value |   |
|                    |   | (In thousands)     |    |
| Cash equivalents:       |   |               |    |   |               |   |   |   |   |   |   |   |
| Fixed income securities |   | $                  | 3,414   |   |               | $      | 3,562 |   |   | $ | — |   |   | $ | — |   |
| Equity securities       |   |               | 11      |   |               |   | 11 |   |   |   | 12 |   |   |   | 12 |   |
| Other                   |   |               | 35,617  |   |               |   | 35,617 |   |   |   | 36,912 |   |   |   | 36,912 |   |
|                    |   |               |    |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Current investments:    |   |               |    |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Fixed income securities |   | $                  | 5,174   |   |               | $      | 5,302 |   |   | $ | 9,798 |   |   | $ | 9,835 |   |
| Other                   |   |               | — |   |               |   | — |   |   |   | 604 |   |   |   | 604 |   |
|                    |   |               |    |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Long-term investments:  |   |               |    |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Fixed income securities |   | $                  | 46,843  |   |               | $      | 49,477 |   |   | $ | 44,041 |   |   | $ | 44,882 |   |
| Equity securities       |   |               | 6,595   |   |               |   | 6,769 |   |   |   | 10,986 |   |   |   | 9,775 |   |
| Other                   |   |               | 1,300   |   |               |   | 1,068 |   |   |   | 1,300 |   |   |   | 1,197 |   |

|                               |   | Fair Value     |   |   | Percent |   |
|------------------------------------|--------|----------------|--------|--------|---------|--------|
|                               |   | (In thousands) |   |   |    |   |
| Matures in less than one year      |   | $              | 8,864  |   |    |   | 15.1 | % |
| Matures between one and two years  |   |           | 12,473 |   |    |   | 21.4 | % |
| Matures between two and five years |   |           | 33,808 |   |    |   | 58.0 | % |
| Matures in excess of five years    |   |           | 3,196  |   |    |   | 5.5 | % |
|                               |   |           |   |   |    |   |   |   |
|                               |   | $              | 58,341 |   |    |   | 100.0 | % |

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| Level 1 | Quoted prices in active markets for identical assets or liabilities;                                                             |
|---------|----------------------------------------------------------------------------------------------------------------------------------|
|    |                                                                                                                             |
| Level 2 | Quoted prices in active markets for similar assets and liabilities and inputs that are observable for the asset or liability; or |
|    |                                                                                                                             |
| Level 3 | Unobservable inputs, such as discounted cash flow models or valuations.                                                          |

|                                                    |   | Level 1        |    |   | Level 2 |   |    | Level 3 |   |   | Total   |   |
|---------------------------------------------------------|--------|----------------|---------|--------|---------|--------|---------|---------|--------|--------|---------|--------|
|                                                    |   | (In thousands) |    |
| Cash equivalents                                        |   | $              | 33,063  |   |    | $      | 6,127   |    |   | $      | — |   |   | $ | 39,190 |   |
| Short-term investments in available-for-sale securities |   |           | — |   |    |   | 5,302   |    |   |   | — |   |   |   | 5,302 |   |
| Long-term investments in available-for-sale securities  |   |           | 6,769   |   |    |   | 49,477  |    |   |   | 1,068   |   |   |   | 57,314 |   |
| Long-term restricted cash and cash equivalents          |   |           | 10,072  |   |    |   | — |    |   |   | — |   |   |   | 10,072 |   |

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|                                   |   | Fund ofFunds   |    |   | Auction Rate Securities |   |    |  Total |   |
|----------------------------------------|--------|----------------|---------|--------|-------------------------|--------|---------|-------------|--------|
|                                   |   | (In thousands) |    |
| Balance at September 27, 2008          |   | $              | 1,197   |   |                    | $      | 3,850   |        |   | $ | 5,047 |   |
| Sale of securities                     |   |           | — |   |                    |   | (3,850  | )           |   |   | (3,850 | ) |
| Included in other comprehensive income |   |           | (129    | )      |                    |   | — |        |   |   | (129 | ) |
|                                   |   |           |    |   |                    |   |    |        |   |   |   |   |
| Balance at September 26, 2009          |   | $              | 1,068   |   |                    | $      | — |        |   | $ | 1,068 |   |

|                            |   | September 26, 2009 |    |   | September 27, 2008 |   |
|---------------------------------|--------|--------------------|---------|--------|--------------------|--------|
|                            |   | (In thousands)     |    |
| Trade accounts receivable       |   | $                  | 307,523 |   |               | $      | 135,003 |   |
| Other receivables               |   |               | 14,245  |   |               |   | 13,854 |   |
|                            |   |               |    |   |               |   |   |   |
|                            |   |               | 321,768 |   |               |   | 148,857 |   |
| Allowance for doubtful accounts |   |               | (4,815  | )      |               |   | (4,701 | ) |
|                            |   |               |    |   |               |   |   |   |
| Receivables, net                |   | $                  | 316,953 |   |               | $      | 144,156 |   |

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|                                                     |   | September 27,2008 |    |   | September 27,2008 |   |
|----------------------------------------------------------|--------|-------------------|---------|--------|-------------------|--------|
|                                                     |   | (In thousands)    |    |
| Chicken:                                                 |   |              |    |   |              |   |
| Live chicken and hens                                    |   | $                 | 287,858 |   |              | $      | 385,511 |   |
| Feed and eggs                                            |   |              | 206,137 |   |              |   | 265,959 |   |
| Finished chicken products                                |   |              | 249,732 |   |              |   | 365,123 |   |
|                                                     |   |              |    |   |              |   |   |   |
| Total chicken inventories                                |   |              | 743,727 |   |              |   | 1,016,593 |   |
|                                                     |   |              |    |   |              |   |   |   |
| Other products:                                          |   |              |    |   |              |   |   |   |
| Commercial feed, table eggs, retail farm store and other |   | $                 | 16,927  |   |              | $      | 13,358 |   |
| Distribution inventories (other than chicken products)   |   |              | 3,215   |   |              |   | 6,212 |   |
|                                                     |   |              |    |   |              |   |   |   |
| Total other products inventories                         |   |              | 20,142  |   |              |   | 19,570 |   |
|                                                     |   |              |    |   |              |   |   |   |
| Total inventories                                        |   | $                 | 763,869 |   |              | $      | 1,036,163 |   |

|                               |   | Useful Life(Years) |       |   | OriginalCost   |   |   | Accumulated Amortization |   |   | Carrying Amount |   |
|------------------------------------|--------|--------------------|------------|--------|----------------|--------|--------|--------------------------|--------|--------|-----------------|--------|
|                               |   |               |       |   | (In thousands) |   |
| September 26, 2009:                |   |               |       |   |           |   |   |                     |   |   |            |   |
| Trade names                        |   |               | 3–15 |   |           | $      | 39,271 |                     |   | $      | (22,328         | )      |   | $ | 16,943 |   |
| Customer relationships             |   |               | 13         |   |           |   | 51,000 |                     |   |   | (10,789         | )      |   |   | 40,211 |   |
| Non-compete agreements             |   |               | 3          |   |           |   | 300    |                     |   |   | (275            | )      |   |   | 25 |   |
|                               |   |               |       |   |           |   |   |                     |   |   |            |   |   |   |   |   |
| Total intangible assets            |   |               |       |   |           | $      | 90,571 |                     |   | $      | (33,392         | )      |   | $ | 57,179 |   |
|                               |   |               |       |   |           |   |   |                     |   |   |            |   |   |   |   |   |
| September 27, 2008:                |   |               |       |   |           |   |   |                     |   |   |            |   |   |   |   |   |
| Trade names                        |   |               |       |   |           | $      | 39,271 |                     |   | $      | (16,168         | )      |   | $ | 23,103 |   |
| Customer relationships             |   |               |       |   |           |   | 51,000 |                     |   |   | (6,865          | )      |   |   | 44,135 |   |
| Non-compete agreements             |   |               |       |   |           |   | 300    |                     |   |   | (175            | )      |   |   | 125 |   |
|                               |   |               |       |   |           |   |   |                     |   |   |            |   |   |   |   |   |
| Total identified intangible assets |   |               |       |   |           | $      | 90,571 |                     |   | $      | (23,208         | )      |   | $ | 67,363 |   |

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|                                          |   | September 26,2009 |       |   | September 27,2008 |   |
|-----------------------------------------------|--------|-------------------|------------|--------|-------------------|--------|
|                                          |   | (In thousands)    |       |
| Land                                          |   | $                 | 109,532    |   |              | $      | 111,567 |   |
| Buildings, machinery and equipment            |   |              | 2,468,297  |   |              |   | 2,465,608 |   |
| Autos and trucks                              |   |              | 57,556     |   |              |   | 64,272 |   |
| Construction-in-progress                      |   |              | 74,943     |   |              |   | 74,307 |   |
|                                          |   |              |       |   |              |   |   |   |
| Property, plant and equipment, gross          |   |              | 2,710,328  |   |              |   | 2,715,754 |   |
|                                          |   |              |       |   |              |   |   |   |
| Accumulated depreciation                      |   |              | (1,210,852 | )      |              |   | (1,042,750 | ) |
|                                          |   |              |       |   |              |   |   |   |
| Property,  plant and equipment, net |   | $                 | 1,499,476  |   |              | $      | 1,673,004 |   |

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|                          |   | September 26, 2009 |    |   | September 27, 2008 |   |
|-------------------------------|--------|--------------------|---------|--------|--------------------|--------|
|                          |   | (In thousands)     |    |
| Compensation and benefits     |   | $                  | 107,850 |   |               | $      | 118,803 |   |
| Interest and debt maintenance |   |               | 11,239  |   |               |   | 35,488 |   |
| Self insurance                |   |               | 86,081  |   |               |   | 170,787 |   |
| Other                         |   |               | 104,089 |   |               |   | 123,745 |   |
|                          |   |               |    |   |               |   |   |   |
| Total                         |   | $                  | 309,259 |   |               | $      | 448,823 |   |

|                                                                                                                                                                      | Maturity   |   | September 26,2009 |             |   | September 27,2008 |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------|--------|-------------------|------------------|--------|-------------------|--------|
|                                                                                                                                                                      |       |   | (In thousands)    |             |
| Short-term notes payable:                                                                                                                                                 |       |   |              |             |   |              |   |
| The DIP Credit Agreement with notes payable at 8.00% plus the greatest of the facility agent's prime rate, the average federal funds rate plus 0.50%, or LIBOR plus 1.00% |  2009 |   | $                 | —          |   |              | $      | — |   |
|                                                                                                                                                                      |       |   |              |             |   |              |   |   |   |
| Long-term debt:                                                                                                                                                           |       |   |              |             |   |              |   |   |   |
| Senior unsecured notes, at 7 5/8%                                                                                                                                         | 2015       |   | $                 | 400,000          |   |              | $      | 400,000 |   |
| Senior subordinated unsecured notes, at 8 3/8%                                                                                                                            | 2017       |   |              | 250,000          |   |              |   | 250,000 |   |
| The Pre-petition BMO Facility with notes payable at LIBOR plus 1.25% to LIBOR plus 2.75% (the “Pre                                                                  | 2013       |   |              | 218,936          |   |              |   | 181,900 |   |
| The ING Credit Agreement (defined below) with notes payable at LIBOR plus 1.65% to LIBOR plus 3.125%                                                                      | 2011       |   |              | 41,062           |   |              |   | 51,613 |   |
| The Pre-petition CoBank Facility (defined below) with four notes payable at LIBOR plus a spread, one note payable at 7.34% and one note payable at 7.56%                  |  2016 |   |              |   1,126,398 |   |              |   |   1,035,250 |   |
| Other                                                                                                                                                                     | Various    |   |              | 8,698            |   |              |   | 23,220 |   |
|                                                                                                                                                                      |       |   |              |             |   |              |   |   |   |
| Long-term debt                                                                                                                                                            |       |   |              | 2,045,094        |   |              |   | 1,941,983 |   |
| Current maturities of long-term debt                                                                                                                                      |       |   |              | —          |   |              |   | (1,874,469 | ) |
| Long-term debt subject to compromise                                                                                                                                      |       |   |              | (2,004,032       | )      |              |   | — |   |
|                                                                                                                                                                      |       |   |              |             |   |              |   |   |   |
| Long-term debt, less current maturities                                                                                                                                   |       |   | $                 | 41,062           |   |              | $      | 67,514 |   |

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|    |   | 2009           |     |   | 2008   |   |       | 2007   |   |
|---------|--------|----------------|----------|--------|--------|--------|------------|--------|--------|
|    |   | (In thousands) |     |
| US      |   | $              | (200,737 | )      |   | $      | (1,165,208 | )      |   | $ | 87,235 |   |
| Foreign |   |           | 26,970   |   |   |   | (21,885    | )      |   |   | 11,600 |   |
|    |   |           |     |   |   |   |       |   |   |   |   |   |
| Total   |   | $              | (173,767 | )      |   | $      | (1,187,093 | )      |   | $ | 98,835 |   |

|            |   | 2009           |    |   | 2008   |   |     | 2007   |   |
|-----------------|--------|----------------|---------|--------|--------|--------|----------|--------|--------|
|            |   | (In thousands) |    |
| Current:        |   |           |    |   |   |   |     |   |   |
| Federal         |   | $              | (320    | )      |   | $      | 925      |   |   | $ | (35,434 | ) |
| Foreign         |   |           | 2,829   |   |   |   | (1,649   | )      |   |   | 1,573 |   |
| State and other |   |           | (2,617  | )      |   |   | 1,747    |   |   |   | (2,704 | ) |
|            |   |           |    |   |   |   |     |   |   |   |   |   |
| Total current   |   |           | (108    | )      |   |   | 1,023    |   |   |   | (36,565 | ) |
| Deferred:       |   |           |    |   |   |   |     |   |   |   |   |   |
| Federal         |   |           | (21,025 | )      |   |   | (212,151 | )      |   |   | 73,285 |   |
| Foreign         |   |           | 1,199   |   |   |   | 35,277   |   |   |   | (1,637 | ) |
| State and other |   |           | (1,652  | )      |   |   | (19,070  | )      |   |   | 12,236 |   |
|            |   |           |    |   |   |   |     |   |   |   |   |   |
| Total deferred  |   |           | (21,478 | )      |   |   | (195,944 | )      |   |   | 83,884 |   |
|            |   |           |    |   |   |   |     |   |   |   |   |   |
|            |   | $              | (21,586 | )      |   | $      | (194,921 | )      |   | $ | 47,319 |   |

|                                                                       |   | 2009   |    |    | 2008   |   |    | 2007    |   |
|----------------------------------------------------------------------------|--------|--------|---------|---------|--------|--------|---------|---------|--------|
|                                                                       |   |   |    |    |   |   |    |    |   |
| Federal income tax rate                                                    |   |   | 35.0    |  % |   |   | 35.0    |  % |   |   | 35.0 | % |
| State tax rate, net                                                        |   |   | 2.0     | )       |   |   | 2.2     |    |   |   | 2.6 |   |
| Permanent items                                                            |   |   | (0.9    | )  |   |   | (0.8    | )  |   |   | 2.7 |   |
| Permanent items – reorganization costs                               |   |   | (8.5    | )  |   |   | — |    |   |   | — |   |
| Difference in US statutory tax rate and foreign country effective tax rate |   |   | 2.2     |    |   |   | (0.2    | )  |   |   | (0.7 | ) |
| Goodwill impairment                                                        |   |   | — |    |   |   | (14.8   | )  |   |   | — |   |
| Tax credits                                                                |   |   | 2.5     |    |   |   | 0.5     |    |   |   | (7.4 | ) |
| Currency related differences                                               |   |   | — |    |   |   | — |    |   |   | 3.5 |   |
| Change in reserve for unrecognized tax benefits                            |   |   | 14.6    |    |   |   | (0.2    | )  |   |   | 6.3 |   |
| Change in valuation allowance                                              |   |   | (33.0   | )  |   |   | (6.0    | )  |   |   | — |   |
| Change in tax rate                                                         |   |   | — |    |   |   | — |    |   |   | 3.0 |   |
| Other                                                                      |   |   | (1.5    | )  |   |   | 0.7     |    |   |   | 2.9 |   |
| Total                                                                      |   |   | 12.4    |  % |   |   | 16.4    |  % |   |   | 47.9 | % |

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|                                   |   | 2009           |     |   | 2008   |   |
|----------------------------------------|--------|----------------|----------|--------|--------|--------|
|                                   |   | (In thousands) |     |
| Deferred tax liabilities:              |   |           |     |   |   |   |
| Property and equipment                 |   | $              | 153,341  |   |   | $      | 207,706 |   |
| Inventories                            |   |           | 81,012   |   |   |   | 84,261 |   |
| Prior use of cash accounting           |   |           | 13,549   |   |   |   | 15,243 |   |
| Acquisition-related items              |   |           | 12,967   |   |   |   | 13,832 |   |
| Deferred foreign taxes                 |   |           | 40,808   |   |   |   | 30,361 |   |
| Identified intangibles                 |   |           | 21,585   |   |   |   | 23,346 |   |
| Other                                  |   |           | —  |   |   |   | 6,722 |   |
|                                   |   |           |     |   |   |   |   |   |
| Total deferred tax liabilities         |   |           | 323,262  |   |   |   | 381,471 |   |
|                                   |   |           |     |   |   |   |   |   |
| Deferred tax assets:                   |   |           |     |   |   |   |   |   |
| Net operating losses                   |   |           | 296,677  |   |   |   | 212,421 |   |
| Foreign net operating losses           |   |           | 48,901   |   |   |   | 50,824 |   |
| Credit carry forwards                  |   |           | 23,657   |   |   |   | 20,322 |   |
| Expenses deductible in different years |   |           | 85,380   |   |   |   | 142,619 |   |
| Other                                  |   |           | 11,255   |   |   |   | — |   |
|                                   |   |           |     |   |   |   |   |   |
| Subtotal                               |   |           | 465,870  |   |   |   | 426,186 |   |
| Valuation allowance                    |   |           | (164,821 | )      |   |   | (71,158 | ) |
|                                   |   |           |     |   |   |   |   |   |
| Total deferred tax assets              |   |           | 301,049  |   |   |   | 355,028 |   |
|                                   |   |           |     |   |   |   |   |   |
| Net deferred tax liabilities           |   | $              | 22,213   |   |   | $      | 26,443 |   |

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|                                                                |   | 2009           |    |   | 2008   |   |
|---------------------------------------------------------------------|--------|----------------|---------|--------|--------|--------|
|                                                                |   | (In thousands) |    |
| Unrecognized tax benefits, beginning of year                        |   | $              | 65,322  |   |   | $      | 58,557 |   |
| Increase as a result of tax positions taken during the current year |   |           | 926     |   |   |   | 3,716 |   |
| Increase as a result of tax positions taken during prior years      |   |           | 3,495   |   |   |   | 4,120 |   |
| Decrease as a result of tax positions taken during prior years      |   |           | (2,348  | )      |   |   | — |   |
| Decrease relating to settlements with taxing authorities            |   |           | (44,737 | )      |   |   | (1,071 | ) |
|                                                                |   |           |    |   |   |   |   |   |
| Unrecognized tax benefits, end of year                              |   | $              | 22,658  |   |   | $      | 65,322 |   |

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|                                                          |   | 2009   |     |   | 2008   |   |     | 2007   |   |
|---------------------------------------------------------------|--------|--------|----------|--------|--------|--------|----------|--------|--------|
|                                                          |   |   |     |   |   |   |     |   |   |
|                                                          |   |   |     |   |   |   |     |   |   |
| Net income (loss)                                             |   | $      | (151,582 | )      |   | $      | (998,581 | )      |   | $ | 47,017 |   |
| Unrealized gain (loss) on investments in debt securities      |   |   | 4,149    |   |   |   | (3,465   | )      |   |   | 535 |   |
| Gain (loss) on pension and other postretirement benefit plans |   |   | (51,266  | )      |   |   | 15,691   |   |   |   | 15,535 |   |
| Loss on cash flow hedges                                      |   |   | (557     | )      |   |   | (557     | )      |   |   | 5,338 |   |
| Tax effect                                                    |   |   | (724     | )      |   |   | (4,510   | )      |   |   | (7,540 | ) |
|                                                          |   |   |     |   |   |   |     |   |   |   |   |   |
| Comprehensive income (loss)                                   |   | $      | (199,980 | )      |   | $      | (991,422 | )      |   |   | 60,885 |   |

|                                                                      |   | September 26,2009 |    |   | September 27,2008 |   |
|---------------------------------------------------------------------------|--------|-------------------|---------|--------|-------------------|--------|
|                                                                      |   |              |    |   |              |   |
|                                                                      |   |              |    |   |              |   |
| Accumulated unrealized gain (loss) on investments in debt securities      |   | $                 | 2,089   |   |              | $      | (1,420 | ) |
| Accumulated gain (loss) on pension and other postretirement benefit plans |   |              | (20,041 | )      |              |   | 31,225 |   |
| Accumulated gain on cash flow hedges                                      |   |              | 4,224   |   |              |   | 4,781 |   |
| Tax effect                                                                |   |              | (13,509 | )      |              |   | (13,425 | ) |
|                                                                      |   |              |    |   |              |   |   |   |
| Accumulated other comprehensive income (loss)                             |   | $                 | (27,237 | )      |              | $      | 21,161 |   |

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| ·   | The Pilgrim’s Pride Retirement Savings Plan (the “RS Plan”), a Section 401(k) salary deferral plan, |
|--------------------|-----------------------------------------------------------------------------------------------------------------------|

| ·   | The Pilgrim’s Pride Retirement Plan for Union Employees (the “Union Plan”), a defined benefit plan, |
|--------------------|-----------------------------------------------------------------------------------------------------------------------|

| ·   | The Pilgrim’s Pride Retirement Plan for El Dorado Union Employees (the “El Dorado” Plan), a defined benefit plan, |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The To-Ricos Employee Savings and Retirement Plan (the “To-Ricos Plan”), a Section 1165(e) salary deferral plan, and |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------|

| ·   | The Pilgrim’s Pride Pension Plan for Legacy Gold Kist Employees (the “GK Pension Plan”), a defined benefit plan. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------|

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|                                            |   | Pension Benefits |    |   | Other Benefits |   |
|-------------------------------------------------|--------|------------------|---------|--------|----------------|--------|
|                                            |   | 2009             |    |   | 2008           |   |   | 2009 |   |   | 2008 |   |
| Change in projected benefit obligation:         |   | (In thousands)   |    |
| Projected benefit obligation, beginning of year |   | $                | 127,354 |   |           | $      | 196,803 |   |   | $ | 1,893 |   |   | $ | 2,432 |   |
| Service cost                                    |   |             | 672     |   |           |   | 1,246 |   |   |   | — |   |   |   | — |   |
| Interest cost                                   |   |             | 8,899   |   |           |   | 9,576 |   |   |   | 135 |   |   |   | 132 |   |
| Plan participant contributions                  |   |             | 28      |   |           |   | 29 |   |   |   | 40 |   |   |   | 79 |   |
| Actuarial (gains)/losses                        |   |             | 43,362  |   |           |   | (56,589 | ) |   |   | 271 |   |   |   | (477 | ) |
| Benefits paid                                   |   |             | (8,991  | )      |           |   | (23,553 | ) |   |   | (162 | ) |   |   | (273 | ) |
| Other                                           |   |             | (1,877  | )      |           |   | (158 | ) |   |   | — |   |   |   | — |   |
|                                            |   |             |    |   |           |   |   |   |   |   |   |   |   |   |   |   |
| Projected benefit obligation, end of year       |   | $                | 169,447 |   |           | $      | 127,354 |   |   | $ | 2,177 |   |   | $ | 1,893 |   |

|                                         |   | Pension Benefits |   |   | Other Benefits |   |
|----------------------------------------------|--------|------------------|--------|--------|----------------|--------|
|                                         |   | 2009             |   |   | 2008           |   |   | 2009 |   |   | 2008 |   |
| Change in plan assets:                       |   | (In thousands)   |   |
| Fair value of plan assets, beginning of year |   | $                | 92,980 |   |           | $      | 138,024 |   |   | $ | — |   |   | $ | — |   |
| Actual return on plan assets                 |   |             | 587    |   |           |   | (24,063 | ) |   |   | — |   |   |   | — |   |
| Contributions by employer                    |   |             | 1,111  |   |           |   | 2,543 |   |   |   | 122 |   |   |   | 194 |   |
| Plan participant contributions               |   |             | 28     |   |           |   | 29 |   |   |   | 40 |   |   |   | 79 |   |
| Benefits paid                                |   |             | (8,991 | )      |           |   | (23,553 | ) |   |   | (162 | ) |   |   | (273 | ) |
| Other                                        |   |             | (1,140 | )      |           |   | — |   |   |   | — |   |   |   | — |   |
|                                         |   |             |   |   |           |   |   |   |   |   |   |   |   |   |   |   |
| Fair value of plan assets, end of year       |   | $                | 84,575 |   |           | $      | 92,980 |   |   | $ | — |   |   | $ | — |   |

|                                   |   | Pension Benefits |    |   | Other Benefits |   |
|----------------------------------------|--------|------------------|---------|--------|----------------|--------|
|                                   |   | 2009             |    |   | 2008           |   |   | 2009 |   |   | 2008 |   |
| Funded status:                         |   | (In thousands)   |    |
| Funded status                          |   | $                | (84,872 | )      |           | $      | (34,374 | ) |   | $ | (2,177 | ) |   | $ | (1,893 | ) |
| Unrecognized prior service cost        |   |             | 60      |   |           |   | 121 |   |   |   | — |   |   |   | — |   |
| Unrecognized net actuarial loss (gain) |   |             | 19,967  |   |           |   | (30,714 | ) |   |   | 14 |   |   |   | (670 | ) |
|                                   |   |             |    |   |           |   |   |   |   |   |   |   |   |   |   |   |
| Accrued benefit cost                   |   | $                | (64,845 | )      |           | $      | (64,967 | ) |   | $ | (2,163 | ) |   | $ | (2,563 | ) |

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|                                          |   | Pension Benefits |    |   | Other Benefits |   |
|-----------------------------------------------|--------|------------------|---------|--------|----------------|--------|
|                                          |   | 2009             |    |   | 2008           |   |   | 2009 |   |   | 2008 |   |
| Amounts recognized in the balance sheets:     |   | (In thousands)   |    |
| Accrued benefit cost (current)                |   | $                | (14,143 | )      |           | $      | (13,596 | ) |   | $ | (171 | ) |   | $ | (203 | ) |
| Accrued benefit cost (long-term)              |   |             | (70,729 | )      |           |   | (20,778 | ) |   |   | (2,006 | ) |   |   | (1,690 | ) |
| Long-term deferred income taxes               |   |             | 7,560   |   |           |   | (11,549 | ) |   |   | 5 |   |   |   | (253 | ) |
| Accumulated other comprehensive loss (income) |   |             | 12,467  |   |           |   | (19,044 | ) |   |   | 9 |   |   |   | (417 | ) |
|                                          |   |             |    |   |           |   |   |   |   |   |   |   |   |   |   |   |
| Net amount recognized                         |   | $                | (64,845 | )      |           | $      | (64,967 | ) |   | $ | (2,163 | ) |   | $ | (2,563 | ) |

|                               |   | Pension Benefits |    |           | Other Benefits |   |
|------------------------------------|--------|------------------|---------|----------------|----------------|--------|
|                               |   | 2009             |    | 2008           |           |   | 2007 |   |   | 2009 |   |   | 2008 |   |   | 2007 |   |
|                               |   |             |    | (In thousands) |           |   |   |   |
| Service cost                       |   | $                | 672     |           |           | $      | 1,246 |   |   | $ | 2,029 |   |   | $ | — |   |   | $ | — |   |   | $ | — |   |
| Interest cost                      |   |             | 8,899   |           |           |   | 9,576 |   |   |   | 8,455 |   |   |   | 135 |   |   |   | 132 |   |   |   | 103 |   |
| Estimated return on plan assets    |   |             | (6,781  | )              |           |   | (10,200 | ) |   |   | (8,170 | ) |   |   | — |   |   |   | — |   |   |   | — |   |
| Settlement gain                    |   |             | — |           |           |   | (6,312 | ) |   |   | (2,327 | ) |   |   | (60 | ) |   |   | 153 |   |   |   | — |   |
| Amortization of prior service cost |   |             | 61      |           |           |   | 116 |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Effect of special events           |   |             | 410     |           |           |   | (158 | ) |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Amortization of net gain           |   |             | (2,227  | )              |           |   | (125 | ) |   |   | — |   |   |   | (49 | ) |   |   | — |   |   |   | — |   |
|                               |   |             |    |           |           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net periodic benefit cost (income) |   | $                | 1,034   |           |           | $      | (5,857 | ) |   | $ | (13 | ) |   | $ | 26 |   |   | $ | 285 |   |   | $ | 103 |   |

|                                    |   | Pension Benefits |   |   | Other Benefits |   |
|-----------------------------------------|--------|------------------|--------|--------|----------------|--------|
|                                    |   | 2009             |   |   | 2008           |   |   | 2009 |   |   | 2008 |   |
|                                    |   |             |   |   |           |   |   |   |   |   |   |   |
| Discount rate                           |   |             | 5.34   | %      |           |   | 7.38 | % |   |   | 5.33 | % |   |   | 7.53 | % |
| Rate of increase in compensation levels |   |             | 3.00   | %      |           |   | 3.00 | % |   | NA |   |   | NA |   |

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|                                                                    |   | Pension Benefits |   |   | Other Benefits |   |
|-------------------------------------------------------------------------|--------|------------------|--------|--------|----------------|--------|
|                                                                    |   | 2009             |   |   | 2008           |   |   | 2007 |   |   | 2009 |   |   | 2008 |   |   | 2007 |   |
| Weighted average assumption for net period cost for the year:           |   |             |   |
| Discount rate                                                           |   |             | 7.42   | %      |           |   | 5.08 | % |   |   | 5.06 | % |   |   | 7.53 | % |   |   | 5.87 | % |   |   | 5.50 | % |
| Rate of increase in compensation levels                                 |   |             | 3.00   | %      |           |   | 3.00 | % |   |   | 3.00 | % |   | NA |   |   | NA |   |   | NA |   |
| Expected return on plan assets                                          |   |             | 7.77   | %      |           |   | 7.77 | % |   |   | 7.75 | % |   |   | 7.75 | % |   |   | 7.75 | % |   |   | 7.75 | % |
| Assumed health care cost trend rates:                                   |   |             |   |   |           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Health care cost trend rate assumed for next year                       |   | NA               |   |   | NA             |   |   | NA |   |   | NA |   |   |   | 9.00 | % |   |   | 8.00 | % |
| Rate to which the cost trend rate gradually declines                    |   | NA               |   |   | NA             |   |   | NA |   |   | NA |   |   |   | 6.00 | % |   |   | 5.00 | % |
| Year that the rate will reach the rate at which it is assumed to remain |   | NA               |   |   | NA             |   |   | NA |   |   | NA |   |   |   | 2015 |   |   |   | 2014 |   |

|                        |   | 2009   |   |   | 2008   |   |
|-----------------------------|--------|--------|--------|--------|--------|--------|
| Asset allocation:           |   |   |   |   |   |   |
| Cash and money market funds |   |   | 1      | %      |   |   | 1 | % |
| Equity securities           |   |   | 69     | %      |   |   | 68 | % |
| Debt securities             |   |   | 30     | %      |   |   | 31 | % |
|                        |   |   |   |   |   |   |   |   |
| Total assets                |   |   | 100    | %      |   |   | 100 | % |

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|                                |   |   | Pension Benefits |    |   | Other Benefits |   |
|-------------------------------------|--------|--------|------------------|---------|--------|----------------|--------|
| Expected benefit payments for year: |   |   | (In thousands)   |    |
| 2010                                |   |   | $                | 14,144  |   |           | $      | 171 |   |
| 2011                                |   |   |             | 12,993  |   |           |   | 175 |   |
| 2012                                |   |   |             | 12,480  |   |           |   | 178 |   |
| 2013                                |   |   |             | 11,914  |   |           |   | 181 |   |
| 2014                                |   |   |             | 11,164  |   |           |   | 182 |   |
|     2015—2019  |   |   |             | 51,674  |   |           |   | 899 |   |
|                                |   |   |             |    |   |           |   |   |   |   |
| Total                               |   |   | $                | 114,369 |   |           | $      | 1,786 |   |

|                                                                     |   | Pension Benefits |   |   | Other Benefits |   |
|--------------------------------------------------------------------------|--------|------------------|--------|--------|----------------|--------|
| Components of accumulated other comprehensive income (loss), before tax: |   | (In thousands)   |   |
| Net actuarial loss                                                       |   | $                | 19,967 |   |           | $      | 14 |   |
| Net prior service cost                                                   |   |             | 60     |   |           |   | — |   |
|                                                                     |   |             |   |   |           |   |   |   |
| Total                                                                    |   | $                | 20,027 |   |           | $      | 14 |   |

|                                                                  |   | Pension Benefits |    |   | Other Benefits |   |
|-----------------------------------------------------------------------|--------|------------------|---------|--------|----------------|--------|
| Changes in accumulated other comprehensive income (loss), before tax: |   | (In thousands)   |    |
| Net actuarial gain, beginning of year                                 |   | $                | (30,714 | )      |           | $      | (670 | ) |
| Amortization                                                          |   |             | 2,227   |   |           |   | 49 |   |
| Curtailment and settlement adjustments                                |   |             | (410    | )      |           |   | 60 |   |
| Actuarial loss                                                        |   |             | 43,362  |   |           |   | 270 |   |
| Asset loss                                                            |   |             | 6,193   |   |           |   | — |   |
| Other                                                                 |   |             | (691    | )      |           |   | 305 |   |
|                                                                  |   |             |    |   |           |   |   |   |
| Net actuarial loss, end of year                                       |   | $                | 19,967  |   |           | $      | 14 |   |
|                                                                  |   |             |    |   |           |   |   |   |
| Net prior service cost, beginning of year                             |   | $                | 121     |   |           | $      | — |   |
| Amortization                                                          |   |             | (61     | )      |           |   | — |   |
|                                                                  |   |             |    |   |           |   |   |   |
| Net prior service cost, end of year                                   |   | $                | 60      |   |           | $      | — |   |

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|                                              |   | 2009           |   |   | 2008   |   |   | 2007   |   |
|---------------------------------------------------|--------|----------------|--------|--------|--------|--------|--------|--------|--------|
|                                              |   | (In thousands) |   |
| Loan guaranty fees                                |   | $              | 1,473  |   |   | $      | 4,904  |   |   | $ | 3,592 |   |
| Contract grower pay                               |   |           | 1,037  |   |   |   | 1,008  |   |   |   | 885 |   |
| Lease payments on commercial egg property         |   |           | 750    |   |   |   | 750    |   |   |   | 750 |   |
| Other sales to Major Stockholder                  |   |           | 686    |   |   |   | 710    |   |   |   | 620 |   |
| Lease payments and operating expenses on airplane |   |           | 68     |   |   |   | 456    |   |   |   | 507 |   |

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| As of or for the Year Ended                                                                   |   | September 26, 2009 |      |   | September 27, 2008 |   |       | September 29, 2007(a) |   |
|-----------------------------------------------------------------------------------------------|--------|--------------------|-----------|--------|--------------------|--------|------------|-----------------------|--------|
|                                                                                          |   |               |      |   | (In thousands)     |   |       |                  |   |
| Net sales to customers:                                                                       |   |               |      |   |               |   |       |                  |   |
| Chicken:                                                                                      |   |               |      |   |               |   |       |                  |   |
| United States                                                                                 |   | $                  | 6,063,914 |   |               | $      | 7,077,047  |                  |   | $ | 6,328,354 |   |
| Mexico                                                                                        |   |               | 487,785   |   |               |   | 543,583    |                  |   |   | 488,466 |   |
|                                                                                          |   |               |      |   |               |   |       |                  |   |   |   |   |
| Subtotal                                                                                      |   |               | 6,551,699 |   |               |   | 7,620,630  |                  |   |   | 6,816,820 |   |
| Other Products:                                                                               |   |               |      |   |               |   |       |                  |   |   |   |   |
| United States                                                                                 |   |               | 505,738   |   |               |   | 863,495    |                  |   |   | 661,115 |   |
| Mexico                                                                                        |   |               | 30,618    |   |               |   | 34,632     |                  |   |   | 20,677 |   |
|                                                                                          |   |               |      |   |               |   |       |                  |   |   |   |   |
| Subtotal                                                                                      |   |               | 536,356   |   |               |   | 898,127    |                  |   |   | 681,792 |   |
|                                                                                          |   |               |      |   |               |   |       |                  |   |   |   |   |
| Total                                                                                         |   | $                  | 7,088,055 |   |               | $      | 8,518,757  |                  |   | $ | 7,498,612 |   |
|                                                                                          |   |               |      |   |               |   |       |                  |   |   |   |   |
| Operating income (loss) (b):                                                                  |   |               |      |   |               |   |       |                  |   |   |   |   |
| Chicken:                                                                                      |   |               |      |   |               |   |       |                  |   |   |   |   |
| United States                                                                                 |   | $                  | 5,583     |   |               | $      | (604,685   | )                     |   | $ | 192,447 |   |
| Mexico                                                                                        |   |               | 22,353    |   |               |   | (25,702    | )                     |   |   | 13,116 |   |
|                                                                                          |   |               |      |   |               |   |       |                  |   |   |   |   |
| Subtotal                                                                                      |   |               | 27,936    |   |               |   | (630,387   | )                     |   |   | 205,563 |   |
| Other Products:                                                                               |   |               |      |   |               |   |       |                  |   |   |   |   |
| United States                                                                                 |   |               | 47,195    |   |               |   | 113,770    |                  |   |   | 28,636 |   |
| Mexico                                                                                        |   |               | 6,647     |   |               |   | 4,513      |                  |   |   | 2,992 |   |
|                                                                                          |   |               |      |   |               |   |       |                  |   |   |   |   |
| Subtotal                                                                                      |   |               | 53,842    |   |               |   | 118,283    |                  |   |   | 31,628 |   |
|                                                                                          |   |               |      |   |               |   |       |                  |   |   |   |   |
| Goodwill impairment                                                                           |   |               | —   |   |               |   | (501,446   | )                     |   |   | — |   |
| Asset impairment and operational restructuring charges                                        |   |               | (12,464   | )      |               |   | (27,990    | )                     |   |   | — |   |
| Administrative restructuring charges                                                          |   |               | (1,987    | )      |               |   | (16,156    | )                     |   |   | — |   |
|                                                                                          |   |               |      |   |               |   |       |                  |   |   |   |   |
| Total                                                                                         |   | $                  | 67,327    |   |               | $      | (1,057,696 | )                     |   | $ | 237,191 |   |
|                                                                                          |   |               |      |   |               |   |       |                  |   |   |   |   |
| Depreciation and amortization(b)(c)(d):                                                       |   |               |      |   |               |   |       |                  |   |   |   |   |
| Chicken:                                                                                      |   |               |      |   |               |   |       |                  |   |   |   |   |
| United States                                                                                 |   | $                  | 210,333   |   |               | $      | 215,586    |                  |   | $ | 183,808 |   |
| Mexico                                                                                        |   |               | 9,527     |   |               |   | 10,351     |                  |   |   | 11,015 |   |
|                                                                                          |   |               |      |   |               |   |       |                  |   |   |   |   |
| Subtotal                                                                                      |   |               | 219,860   |   |               |   | 225,937    |                  |   |   | 194,823 |   |
| Other Products:                                                                               |   |               |      |   |               |   |       |                  |   |   |   |   |
| United States                                                                                 |   |               | 15,919    |   |               |   | 13,354     |                  |   |   | 8,278 |   |
| Mexico                                                                                        |   |               | 226       |   |               |   | 244        |                  |   |   | 215 |   |
|                                                                                          |   |               |      |   |               |   |       |                  |   |   |   |   |
| Subtotal                                                                                      |   |               | 16,145    |   |               |   | 13,598     |                  |   |   | 8,493 |   |
|                                                                                          |   |               |      |   |               |   |       |                  |   |   |   |   |
| Total                                                                                         |   | $                  | 236,005   |   |               | $      | 239,535    |                  |   | $ | 203,316 |   |
|                                                                                          |   |               |      |   |               |   |       |                  |   |   |   |   |
| Total assets(e):                                                                              |   |               |      |   |               |   |       |                  |   |   |   |   |
| Chicken:                                                                                      |   |               |      |   |               |   |       |                  |   |   |   |   |
| United States                                                                                 |   | $                  | 2,542,818 |   |               | $      | 2,733,089  |                  |   | $ | 3,247,812 |   |
| Mexico                                                                                        |   |               | 345,205   |   |               |   | 372,952    |                  |   |   | 348,894 |   |
|                                                                                          |   |               |      |   |               |   |       |                  |   |   |   |   |
| Subtotal                                                                                      |   |               | 2,888,023 |   |               |   | 3,106,041  |                  |   |   | 3,596,706 |   |
| Other Products:                                                                               |   |               |      |   |               |   |       |                  |   |   |   |   |
| United States                                                                                 |   |               | 168,776   |   |               |   | 153,607    |                  |   |   | 104,644 |   |
| Mexico                                                                                        |   |               | 3,705     |   |               |   | 5,542      |                  |   |   | 4,120 |   |
|                                                                                          |   |               |      |   |               |   |       |                  |   |   |   |   |
| Subtotal                                                                                      |   |               | 172,481   |   |               |   | 159,149    |                  |   |   | 108,764 |   |
|                                                                                          |   |               |      |   |               |   |       |                  |   |   |   |   |
| Total                                                                                         |   | $                  | 3,060,504 |   |               | $      | 3,265,190  |                  |   | $ | 3,705,470 |   |
|                                                                                          |   |               |      |   |               |   |       |                  |   |   |   |   |
| Acquisitions of property, plant and equipment  (excluding business acquisition)(f): |   |               |      |   |               |   |       |                  |   |   |   |   |
| Chicken:                                                                                      |   |               |      |   |               |   |       |                  |   |   |   |   |
| United States                                                                                 |   | $                  | 57,001    |   |               | $      | 148,811    |                  |   | $ | 164,449 |   |
| Mexico                                                                                        |   |               | 2,118     |   |               |   | 545        |                  |   |   | 1,633 |   |
|                                                                                          |   |               |      |   |               |   |       |                  |   |   |   |   |
| Subtotal                                                                                      |   |               | 59,119    |   |               |   | 149,356    |                  |   |   | 166,082 |   |
| Other Products:                                                                               |   |               |      |   |               |   |       |                  |   |   |   |   |
| United States                                                                                 |   |               | 29,074    |   |               |   | 2,815      |                  |   |   | 5,699 |   |
| Mexico                                                                                        |   |               | —   |   |               |   | 330        |                  |   |   | 40 |   |
|                                                                                          |   |               |      |   |               |   |       |                  |   |   |   |   |
| Subtotal                                                                                      |   |               | 29,074    |   |               |   | 3,145      |                  |   |   | 5,739 |   |
|                                                                                          |   |               |      |   |               |   |       |                  |   |   |   |   |
| Total                                                                                         |   | $                  | 88,193    |   |               | $      | 152,501    |                  |   | $ | 171,821 |   |

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Table of Contents

| (a)       | The Company acquired Gold Kist on December 27, 2006, for $1.139 billion.                                                                                                                                                                                      |
|-----------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|      |                                                                                                                                                                                                                                                          |
| (b)  | Includes amortization of capitalized financing costs of approximately $6.8 million, $4.9 million and $6.6 million in 2009, 2008 and 2007, respectively                                                                                                        |
|      |                                                                                                                                                                                                                                                          |
| (c)  | Includes amortization of intangible assets of $10.2 million, $10.2 million and $8.1 million recognized in 2009, 2008 and 2007, respectively, related primarily to the Gold Kist and ConAgra Chicken acquisitions.                                             |
|      |                                                                                                                                                                                                                                                          |
| (d)  | Excludes depreciation costs incurred by our discontinued turkey business of $0.7 million and $1.6 million during 2008 and 2007, respectively. The Company did not incur depreciation costs related to its discontinued turkey business in 2009.               |
|      |                                                                                                                                                                                                                                                          |
| (e)  | Excludes total assets of our discontinued turkey business of $33.5 million and $68.8 million at September 27, 2008, and September 29, 2007, respectively. The Company’s discontinued turkey business did not own any assets at September 26, 2009. |
|      |                                                                                                                                                                                                                                                          |
| (f)  | Excludes acquisitions of property, plant and equipment by our discontinued turkey business of $0.5 million during 2007. The Company did not acquire property, plant and equipment for its discontinued turkey business during 2009 or 2008.                   |

| 2009                                     |   | First(a)                              |      |   | Second(b) |   |      | Third(c) |   |   | Fourth(d) |   |   | Year   |      |
|------------------------------------------|--------|---------------------------------------|-----------|--------|-----------|--------|-----------|----------|--------|--------|-----------|--------|--------|--------|-----------|
|                                     |   | (In thousands, except per share data) |      |
| Net sales                                |   | $                                     | 1,876,991 |   |      | $      | 1,698,102 |     |   | $      | 1,776,813 |   |   | $      | 1,736,149 |   |   | $ | 7,088,055 |   |
| Gross profit (loss)                      |   |                                  | (83,382   | )      |      |   | 97,724    |     |   |   | 183,414   |   |   |   | 172,678   |   |   |   | 370,434 |   |
| Operating income (loss)                  |   |                                  | (178,241  | )      |      |   | 20,280    |     |   |   | 108,596   |   |   |   | 116,692   |   |   |   | 67,327 |   |
| Income (loss) from continuing operations |   |                                  | (229,356  | )      |      |   | (58,790   | )        |   |   | 53,239    |   |   |   | 82,726    |   |   |   | (152,181 | ) |
| Income (loss) from discontinued business |   |                                  | 574       |   |      |   | 25        |     |   |   | —   |   |   |   | —   |   |   |   | 599 |   |
| Net income (loss)                        |   |                                  | (228,782  | )      |      |   | (58,765   | )        |   |   | 53,239    |   |   |   | 82,726    |   |   |   | (151,582 | ) |
| Per share amounts-basic:                 |   |                                  |      |   |      |   |      |     |   |   |      |   |   |   |      |   |   |   |   |   |
| Continuing operations                    |   | $                                     | (3.10     | )      |      | $      | (0.79     | )        |   | $      | 0.72      |   |   | $      | 1.11      |   |   | $ | (2.06 | ) |
| Discontinued business                    |   |                                  | 0.01      |   |      |   | —   |     |   |   | —   |   |   |   | —   |   |   |   | 0.01 |   |
| Net income (loss)                        |   |                                  | (3.09     | )      |      |   | (0.79     | )        |   |   | 0.72      |   |   |   | 1.11      |   |   |   | (2.05 | ) |
| Per share amounts-diluted:               |   |                                  |      |   |      |   |      |     |   |   |      |   |   |   |      |   |   |   |   |   |
| Continuing operations                    |   | $                                     | (3.10     | )      |      | $      | (0.79     | )        |   | $      | 0.69      |   |   | $      | 1.07      |   |   | $ | (2.06 | ) |
| Discontinued operations                  |   |                                  | 0.01      |   |      |   | —   |     |   |   | —   |   |   |   | —   |   |   |   | 0.01 |   |
| Net income (loss)                        |   |                                  | (3.09     | )      |      |   | (0.79     | )        |   |   | 0.69      |   |   |   | 1.07      |   |   |   | (2.05 | ) |
| Number of days in quarter                |   |                                  | 91        |   |      |   | 91        |     |   |   | 91        |   |   |   | 91        |   |   |   | 364 |   |
|                                     |   |                                  |      |   |      |   |      |     |   |   |      |   |   |   |      |   |   |   |   |   |

| (a)    | In the first quarter of 2009, the Company recognized post-petition reorganization charges of $13.3 million, pre-petition restructuring charges of $2.4 million, losses on derivative financial instruments of $21.4 million and Mt. Pleasant Fire insurance recoveries of $5.0 million. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                         |
| (b)    | In the second quarter of 2009, the Company recognized post-petition reorganization charges of $35.4 million, pre-petition restructuring credits of $0.4 million and Mt. Pleasant Fire insurance recoveries of $5.0 million.                                                             |
|   |                                                                                                                                                                                                                                                                                         |
| (c)    | In the third quarter of 2009, the Company recognized post-petition reorganization charges of $16.8 million and Mt. Pleasant Fire insurance recoveries of $15.0 million.                                                                                                                      |
|   |                                                                                                                                                                                                                                                                                         |

| (d) | In the fourth quarter of 2009, the Company recognized post-petition reorganization charges of $21.8 million, restructuring charges of $12.5 million and Mt. Pleasant Fire insurance recoveries of $17.0 million. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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Table of Contents

| 2008                                     |   | First                                 |      |   | Second(a) |   |      | Third(b) |   |   | Fourth(c) |   |   | Year   |      |
|------------------------------------------|--------|---------------------------------------|-----------|--------|-----------|--------|-----------|----------|--------|--------|-----------|--------|--------|--------|-----------|
|                                     |   | (In thousands, except per share data) |      |
| Net sales                                |   | $                                     | 2,047,353 |   |      | $      | 2,100,794 |     |   | $      | 2,207,476 |   |   | $      | 2,163,134 |   |   | $ | 8,518,757 |   |
| Gross profit                             |   |                                  | 105,103   |   |      |   | (35,401   | )        |   |   | 53,211    |   |   |   | (286,408  | ) |   |   | (163,495 | ) |
| Operating income (loss)                  |   |                                  | 670       |   |      |   | (143,629  | )        |   |   | (42,531   | )      |   |   | (872,206  | ) |   |   | (1,057,696 | ) |
| Income (loss) from continuing operations |   |                                  | (33,166   | )      |      |   | (111,501  | )        |   |   | (48,344   | )      |   |   | (799,161  | ) |   |   | (992,172 | ) |
| Income (loss) from discontinued business |   |                                  | 837       |   |      |   | 53        |     |   |   | (4,437    | )      |   |   | (2,862    | ) |   |   | (6,409 | ) |
| Net income (loss)                        |   |                                  | (32,329   | )      |      |   | (111,448  | )        |   |   | (52,781   | )      |   |   | (802,023  | ) |   |   | (998,581 | ) |
| Per share amounts basic and diluted:     |   |                                  |      |   |      |   |      |     |   |   |      |   |   |   |      |   |   |   |   |   |
| Continuing operations                    |   | $                                     | (0.50     | )      |      | $      | (1.67     | )        |   | $      | (0.69     | )      |   | $      | (10.79    | ) |   | $ | (14.31 | ) |
| Discontinued business                    |   |                                  | 0.01      |   |      |   | —   |     |   |   | (0.06     | )      |   |   | (0.04     | ) |   |   | (0.09 | ) |
| Net income (loss)                        |   |                                  | (0.49     | )      |      |   | (1.67     | )        |   |   | (0.75     | )      |   |   | (10.83    | ) |   |   | (14.40 | ) |
| Dividends                                |   |                                  | 0.0225    |   |      |   | 0.0225    |     |   |   | 0.0225    |   |   |   | 0.0225    |   |   |   | 0.0900 |   |
| Number of days in quarter                |   |                                  | 91        |   |      |   | 91        |     |   |   | 91        |   |   |   | 91        |   |   |   | 364 |   |
|                                     |   |                                  |      |   |      |   |      |     |   |   |      |   |   |   |      |   |   |   |   |   |

| (a)    | In the second quarter of 2008, the Company recognized restructuring charges of $17.7 million.                                                                                                                                                                                                         |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                  |
| (b)    | In the third quarter of 2008, the Company recognized gains on derivative financial instruments of $102.4 million.                                                                                                                                                                                |
|   |                                                                                                                                                                                                                                                                                                  |
| (c)    | In the fourth quarter of 2008, the Company recognized goodwill impairment of $501.4 million, losses on derivative financial instruments of $155.7 million, restructuring charges of $22.0 million, valuation allowances of $34.6 million and Mt. Pleasant Fire insurance recoveries of $35.0 million. |

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Table of Contents

| SCHEDULE II                                                                 |   |
|-----------------------------------------------------------------------------|--------|
| PILGRIM'S PRIDE CORPORATION                                                 |   |
| VALUATION AND QUALIFYING ACCOUNTS                                           |   |
|                                                                        |   |
|                                                                        |   |   |   |   | Additions |   |   |   |   |   |   |   |   |
|                                                                        |   | Beginning Balance |   |   | Charged to Costs and Expenses |   |   | Charged to Other Accounts |   |   |   |  Deductions (b) |   |   | Ending Balance |   |
|                                                                        |   | (In thousands) |   |
| Trade Accounts and Other Receivables—Allowance for Doubtful Accounts: |   |
| 2009                                                                        |   | $ | 4,701 |   |   | $ | 1,868 |   |   | $ | — |   |   |   | $ | 1,754 |   |   | $ | 4,815 |   |
| 2008                                                                        |   |   | 5,017 |   |   |   | 1,956 |   |   |   | — |   |   |   |   | 2,272 |   |   |   | 4,701 |   |
| 2007                                                                        |   |   | 2,155 |   |   |   | 4,751 |   |   |   | 424 |   | (a) |   |   | 2,313 |   |   |   | 5,017 |   |
|                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Deferred Tax Assets—Valuation Allowance:                              |   |
| 2009                                                                        |   | $ | 71,158 |   |   | $ | 93,663 |   |   | $ | — |   |   |   | $ | — |   |   | $ | 164,821 |   |
| 2008                                                                        |   |   | 308 |   |   |   | 70,850 |   |   |   | — |   |   |   |   | — |   |   |   | 71,158 |   |
| 2007                                                                        |   |   | — |   |   |   | — |   |   |   | 308 |   |   |   |   | — |   |   |   | 308 |   |

|   |                                                                               |
|--------|------------------------------------------------------------------------------------|
| (a)    | Adjustment to balance established for accounts receivable acquired from Gold Kist. |
| (b)    | Uncollectible accounts written off, net of recoveries.                             |

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Table of Contents

| 2.1    |   | Agreement and Plan of Reorganization dated September 15, 1986, by and among Pilgrim’s Pride Corporation, a Texas corporation; Pilgrim’s Pride Corporation, a Delaware corporation; and Doris Pilgrim Julian, Aubrey Hal Pilgrim, Paulette Pilgrim Rolston, Evanne Pilgrim, Lonnie “Bo” Pilgrim, Lonnie Ken Pilgrim, GretaPilgrim Owens and Patrick Wayne Pilgrim (incorporated by reference from Exhibit 2.1 to the Company’s Registration Statement on Form S-1 (No. 33-8805) effective November 14, 1986). |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| 2.2    |   | Agreement and Plan of Merger dated September 27, 2000 (incorporated by reference from Exhibit 2 of WLR Foods, Inc.’s Current Report on Form 8-K (No. 000-17060) dated September 28, 2000).                                                                                                                                                                                                                                                                                                                                      |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| 2.3    |   | Agreement and Plan of Merger dated as of December 3, 2006, by and among the Company, Protein Acquisition Corporation, a wholly owned subsidiary of the Company, and Gold Kist Inc. (incorporated by reference from Exhibit 99.(D)(1) to Amendment No. 11 to the Company’s Tender Offer Statement on Schedule TO filed on December 5, 2006).                                                                                                                                                                                          |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| 2.4    |   | Stock Purchase Agreement by and between the Company and JBS USA Holdings, Inc., dated September 16, 2009 (incorporated by reference from Exhibit 2.1 of the Company’s Current Report on Form 8-K filed September 18, 2009).                                                                                                                                                                                                                                                                                                          |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| 3.1    |   | Certificate of Incorporation of the Company, as amended (incorporated by reference from Exhibit 3.1 of the Company’s Annual Report on Form 10-K for the year ended October 2, 2004).                                                                                                                                                                                                                                                                                                                                                 |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| 3.2    |   | Amended and Restated Corporate Bylaws of the Company (incorporated by reference from Exhibit 3.1 of the Company’s Current Report on Form 8-K filed on December 4, 2007).                                                                                                                                                                                                                                                                                                                                                             |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| 4.1    |   | Certificate of Incorporation of the Company, as amended (included as Exhibit 3.1).                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| 4.2    |   | Amended and Restated Corporate Bylaws of the Company (included as Exhibit 3.2).                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| 4.3    |   | Senior Debt Securities Indenture dated as of January 24, 2007, by and between the Company and Wells Fargo Bank, National Association, as trustee (incorporated by reference from Exhibit 4.1 to the Company’s Current Report on Form 8-K filed on January 24, 2007).                                                                                                                                                                                                                                                                 |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| 4.4    |   | First Supplemental Indenture to the Senior Debt Securities Indenture dated as of January 24, 2007, by and between the Company and Wells Fargo Bank, National Association, as trustee (incorporated by reference from Exhibit 4.2 to the Company’s Current Report on Form 8-K filed on January 24, 2007).                                                                                                                                                                                                                             |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| 4.5    |   | Form of 7 5/8% Senior Note due 2015 (incorporated by reference from Exhibit 4.3 to the Company’s Current Report on Form 8-K filed on January 24, 2007).                                                                                                                                                                                                                                                                                                                                                                              |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| 4.6    |   | Senior Subordinated Debt Securities Indenture dated as of January 24, 2007, by and between the Company and Wells Fargo Bank, National Association, as trustee (incorporated by reference from Exhibit 4.4 to the Company’s Current Report on Form 8-K filed on January 24, 2007).                                                                                                                                                                                                                                                    |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |

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Table of Contents

| 4.7    |   | First Supplemental Indenture to the Senior Subordinated Debt Securities Indenture dated as of January 24, 2007, by and between the Company and Wells Fargo Bank, National Association, as trustee (incorporated by reference from Exhibit 4.5 to the Company’s Current Report on Form 8-K filed on January 24, 2007).                           |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                                                                                  |
| 4.8    |   | Form of 8 3/8% Subordinated Note due 2017 (incorporated by reference from Exhibit 4.6 to the Company’s Current Report on Form 8-K filed on January 24, 2007).                                                                                                                                                                                   |
|   |   |                                                                                                                                                                                                                                                                                                                                                  |
| 10.1   |   | Pilgrim’s Industries, Inc. Profit Sharing Retirement Plan, restated as of July 1, 1987 (incorporated by reference from Exhibit 10.1 of the Company’s Form 8-K filed on July 1, 1992). …                                                                                                                                             |
|   |   |                                                                                                                                                                                                                                                                                                                                                  |
| 10.2   |   | Senior Executive Performance Bonus Plan of the Company (incorporated by reference from Exhibit A in the Company’s Proxy Statement dated December 13, 1999). …                                                                                                                                                                             |
|   |   |                                                                                                                                                                                                                                                                                                                                                  |
| 10.3   |   | Aircraft Lease Extension Agreement between B.P. Leasing Co. (L.A. Pilgrim, individually) and Pilgrim’s Pride Corporation (formerly Pilgrim’s Industries, Inc.) effective November 15, 1992 (incorporated by reference from Exhibit 10.48 of the Company’s Quarterly Report on Form 10-Q for the three months ended March 29, 1997). |
|   |   |                                                                                                                                                                                                                                                                                                                                                  |
| 10.4   |   | Broiler Grower Contract dated May 6, 1997 between Pilgrim’s Pride Corporation and Lonnie “Bo” Pilgrim (Farm 30) (incorporated by reference from Exhibit 10.49 of the Company’s Quarterly Report on Form 10-Q for the three months ended March 29, 1997).                                                                      |
|   |   |                                                                                                                                                                                                                                                                                                                                                  |
| 10.5   |   | Commercial Egg Grower Contract dated May 7, 1997 between Pilgrim’s Pride Corporation and Pilgrim Poultry G.P. (incorporated by reference from Exhibit 10.50 of the Company’s Quarterly Report on Form 10-Q for the three months ended March 29, 1997).                                                                               |
|   |   |                                                                                                                                                                                                                                                                                                                                                  |
| 10.6   |   | Agreement dated October 15, 1996 between Pilgrim’s Pride Corporation and Pilgrim Poultry G.P. (incorporated by reference from Exhibit 10.23 of the Company’s Quarterly Report on Form 10-Q for the three months ended January 2, 1999).                                                                                         |
|   |   |                                                                                                                                                                                                                                                                                                                                                  |
| 10.7   |   | Heavy Breeder Contract dated May 7, 1997 between Pilgrim’s Pride Corporation and Lonnie “Bo” Pilgrim (Farms 44, 45 & 46) (incorporated by reference from Exhibit 10.51 of the Company’s Quarterly Report on Form 10-Q for the three months ended March 29, 1997).                                                         |
|   |   |                                                                                                                                                                                                                                                                                                                                                  |
| 10.8   |   | Broiler Grower Contract dated January 15, 1997 by and between Pilgrim’s Pride Corporation and B.J.M. Farms (incorporated by reference from Exhibit 10.26 of the Company’s Registration Statement on Form S-1 (No. 333-29163) effective June 27, 1997).                                                                                    |
|   |   |                                                                                                                                                                                                                                                                                                                                                  |
| 10.9   |   | Purchase and Contribution Agreement dated as of June 26, 1998 between Pilgrim’s Pride Funding Corporation and Pilgrim’s Pride Corporation (incorporated by reference from Exhibit 10.34 of the Company’s Quarterly Report on Form 10-Q for the three months ended June 27, 1998).                                                   |
|   |   |                                                                                                                                                                                                                                                                                                                                                  |

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Table of Contents

| 10.10  |   | Guaranty Fee Agreement between Pilgrim’s Pride Corporation and Pilgrim Interests, Ltd., dated June 11, 1999 (incorporated by reference from Exhibit 10.24 of the Company’s Annual Report on Form 10-K for the year ended October 2, 1999).                                                                                                                                                 |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                        |
| 10.11  |   | Commercial Property Lease dated December 29, 2000 between Pilgrim’s Pride Corporation and Pilgrim Poultry G.P. (incorporated by reference from Exhibit 10.30 of the Company’s Quarterly Report on Form 10-Q for the three months ended December 30, 2000).                                                                                                                                 |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                        |
| 10.12  |   | Amendment No. 1 dated as of December 31, 2003 to Purchase and Contribution Agreement dated as of June 26, 1998, between Pilgrim’s Pride Funding Corporation and Pilgrim’s Pride Corporation (incorporated by reference from Exhibit 10.5 of the Company’s Quarterly Report on Form 10-Q filed February 4, 2004).                                                                          |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                        |
| 10.13  |   | Employee Stock Investment Plan of the Company (incorporated by reference from Exhibit 4.1 of the Company’s Registration Statement on Form S-8 (No. 333-111929) filed on January 15, 2004). …                                                                                                                                                                                                    |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                        |
| 10.14  |   | 2005 Deferred Compensation Plan of the Company (incorporated by reference from Exhibit 10.1 of the Company’s Current Report on Form 8-K dated December 27, 2004). …                                                                                                                                                                                                                        |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                        |
| 10.15  |   | Vendor Service Agreement dated effective December 28, 2005 between Pilgrim's Pride Corporation and Pat Pilgrim (incorporated by reference from Exhibit 10.2 of the Company's Current Report on Form 8-K dated January 6, 2006).                                                                                                                                                                             |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                        |
| 10.16  |   | Transportation Agreement dated effective December 28, 2005 between Pilgrim's Pride Corporation and Pat Pilgrim (incorporated by reference from Exhibit 10.3 of the Company's Current Report on Form 8-K dated January 6, 2006).                                                                                                                                                                             |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                        |
| 10.17  |   | Credit Agreement by and among the Avícola Pilgrim’s Pride de México, S. de R.L. de C.V. (the "Borrower"), Pilgrim's Pride Corporation, certain Mexico subsidiaries of the Borrower, ING Capital LLC, and the lenders signatory thereto dated as of September 25, 2006 (incorporated by reference from Exhibit 10.1 of the Company'sCurrent Report on Form 8-K filed on September 28, 2006). |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                        |
| 10.18  |   | 2006 Amended and Restated Credit Agreement by and among CoBank, ACB, Agriland, FCS and the Company dated as of September 21, 2006 (incorporated by reference from Exhibit 10.2 of the Company's Current Report on Form 8-K filed on September 28, 2006).                                                                                                                                                    |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                        |
| 10.19  |   | First Amendment to the Pilgrim’s Pride Corporation Amended and Restated 2005 Deferred Compensation Plan Trust, dated as of November 29, 2006 (incorporated by reference from Exhibit 10.03 of the Company’s Current Report on Form 8-K filed on December 05, 2006). …                                                                                                                     |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                        |
| 10.20  |   | Agreement and Plan of Merger dated as of December 3, 2006, by and among the Company, Protein Acquisition Corporation, a wholly owned subsidiary of the Company, and Gold Kist Inc. (incorporated by reference from Exhibit 99.(D)(1) to Amendment No. 11 to the Company’s Tender Offer Statement on Schedule TO filed on December 5, 2006).                                                           |

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|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.21  |   | First Amendment to Credit Agreement, dated as of December 13, 2006, by and among the Company, as borrower, CoBank, ACB, as lead arranger and co-syndication agent, and sole book runner, and as administrative, documentation and collateral agent, Agriland, FCS, as co-syndication agent, and as a syndication party, and the other syndicationparties signatory thereto (incorporated by reference from Exhibit 10.01 to the Company’s Current Report on Form 8-K filed on December 19, 2006).                                   |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 10.22  |   | Second Amendment to Credit Agreement, dated as of January 4, 2007, by and among the Company, as borrower, CoBank, ACB, as lead arranger and co-syndication agent, and sole book runner, and as administrative, documentation and collateral agent, Agriland, FCS, as co-syndication agent, and as a syndication party, and the other syndication partiessignatory thereto (incorporated by reference from Exhibit 10.01 to the Company’s Current Report on Form 8-K filed on January 9, 2007).                                      |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 10.23  |   | Fourth Amended and Restated Secured Credit Agreement, dated as of February 8, 2007, by and among the Company, To-Ricos, Ltd., To-Ricos Distribution, Ltd., Bank of Montreal, as agent, SunTrust Bank, as syndication agent, U.S. Bank National Association and Wells Fargo Bank, National Association, as co-documentation agents, BMO Capital Market,as lead arranger, and the other lenders signatory thereto (incorporated by reference from Exhibit 10.01 of the Company’s Current Report on Form 8-K dated February 12, 2007). |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 10.24  |   | Third Amendment to Credit Agreement, dated as of February 7, 2007, by and among the Company as borrower, CoBank, ACB, as lead arranger and co-syndication agent, and the sole book runner, and as administrative, documentation and collateral agent, Agriland, FCS, as co-syndication agent, and as a syndication party, and the other syndicationparties signatory thereto (incorporated by reference from Exhibit 10.02 of the Company’s Current Report on Form 8-K dated February 12, 2007).                                    |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 10.25  |   | First Amendment to Credit Agreement, dated as of March 15, 2007, by and among the Borrower, the Company, the Subsidiary Guarantors, ING Capital LLC, and the Lenders (incorporated by reference from Exhibit 10.01 of the Company’s Current Report on Form 8-K dated March 20, 2007).                                                                                                                                                                                                                                               |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 10.26  |   | Fourth Amendment to Credit Agreement, dated as of July 3, 2007, by and among the Company as borrower, CoBank, ACB, as lead arranger and co-syndication agent, and the sole book runner, and as administrative, documentation and collateral agent, Agriland, FCS, as co-syndication agent, and as syndication party, and the other syndication partiessignatory thereto (incorporated by reference from Exhibit 10.1 of the Company's Quarterly Report on Form 10-Q filed July 31, 2007).                                                 |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |

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| 10.27  |   | Fifth Amendment to Credit Agreement, dated as of August 7, 2007, by and among the Company as borrower, CoBank, ACB, as lead arranger and co-syndication agent, and the sole book runner, and as administrative, documentation and collateral agent, Agriland, FCS, as co-syndication agent, and as syndication party, and the other syndication partiessignatory thereto (incorporated by reference from Exhibit 10.39 of the Company’s Annual Report on Form 10-K filed on November 19, 2007). |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| 10.28  |   | Sixth Amendment to Credit Agreement, dated as of November 7, 2007, by and among the Company as borrower, CoBank, ACB, as administrative agent, and the other syndication parties signatory thereto (incorporated by reference from Exhibit 10.1 of the Company’s Current Report on Form 8-K dated November 13, 2007).                                                                                                                                                                           |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| 10.29  |   | Ground Lease Agreement effective February 1, 2008 between Pilgrim's Pride Corporation and Pat Pilgrim (incorporated by reference from Exhibit 10.1 of the Company's Current Report on Form 8-K dated February 1, 2008).                                                                                                                                                                                                                                                                                    |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| 10.30  |   | Seventh Amendment to Credit Agreement, dated as of March 10, 2008, by and among the Company as borrower, CoBank, ACB, as administrative agent, and the other syndication parties signatory thereto (incorporated by reference from Exhibit 10.1 to the Company's Current Report on Form 8-K filed on February 20, 2008).                                                                                                                                                                                   |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| 10.31  |   | First Amendment to the Fourth Amended and Restated Secured Credit Agreement, dated as of March 11, 2008, by and among the Company, To-Ricos, Ltd., To-Ricos Distribution, Ltd., Bank of Montreal, as administrative agent, and the other lenders signatory thereto (incorporated by reference from Exhibit 10.2 to the Company's Current Report onForm 8-K filed on February 20, 2008).                                                                                                                    |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| 10.32  |   | Eighth Amendment to Credit Agreement, dated as of April 30, 2008, by and among the Company as borrower, CoBank, ACB, as administrative agent, and the other syndication parties signatory thereto (incorporated by reference from Exhibit 10.1 to the Company's Current Report on Form 8-K filed on May 5, 2008).                                                                                                                                                                                          |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| 10.33  |   | Second Amendment to the Fourth Amended and Restated Secured Credit Agreement, dated as of April 30, 2008, by and among the Company, To-Ricos, Ltd., To-Ricos Distribution, Ltd., Bank of Montreal, as administrative agent, and the other lenders signatory thereto (incorporated by reference from Exhibit 10.2 to the Company's Current Report onForm 8-K filed on May 5, 2008).                                                                                                                         |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| 10.34  |   | Change to Company Contribution Amount Under the Amended and Restated 2005 Deferred Compensation Plan of the Company (incorporated by reference from Exhibit 10.4 to the Company's Quarterly Report on Form 10-Q filed July 30, 2008). …                                                                                                                                                                                                                                                         |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| 10.35  |   | Limited Duration Waiver of Potential Defaults and Events of Default under Credit Agreement dated September 26, 2008 by and among Pilgrim's Pride Corporation, as borrower, CoBank, ACB, as administrative agent, and the other syndication parties signatory thereto (incorporatedby reference from Exhibit 10.1 to the Company's Current Report on Form 8-K filed on September 29, 2008).                                                                                                            |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |

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| 10.36  |   | Limited Duration Waiver Agreement dated as of September 26, 2008 by and among Pilgrim's Pride Corporation, as borrower, Bank of Montreal, as administrative agent, and certain other bank parties thereto (incorporated by reference from Exhibit 10.2 to the Company's Current Reporton Form 8-K filed on September 29, 2008).                                                                                                                                        |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.37  |   | Limited Duration Waiver Agreement dated as of September 26, 2008 by and among Pilgrim's Pride Corporation, Pilgrim's Pride Funding Corporation, BMO Capital Markets Corp., as administrator, and Fairway Finance Company, LLC (incorporated by reference from Exhibit 10.3 to theCompany's Current Report on Form 8-K filed on September 29, 2008).                                                                                                                    |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.38  |   | Amended and Restated Receivables Purchase Agreement dated as of September 26, 2008 among Pilgrim's Pride Corporation, Pilgrim's Pride Funding Corporation, BMO Capital Markets Corp., as administrator, and the various purchasers and purchaser agents from time to time parties thereto (incorporatedby reference from Exhibit 10.4 to the Company's Current Report on Form 8-K filed on September 29, 2008).                                                        |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.39  |   | Amendment No. 1 dated as of October 10, 2008 to Amended and Restated Receivables Purchase Agreement, dated as of September 26, 2008 among Pilgrim's Pride Corporation, Pilgrim's Pride Funding Corporation, BMO Capital Markets Corp., as administrator, and the various purchasers and purchaseragents from time to time parties thereto (incorporated by reference from Exhibit 10.42 of the Company’s Annual Report on Form 10-K filed on December 11, 2008.) |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.40  |   | Amendment No. 2 to Purchase and Contribution Agreement dated as of September 26, 2008 among Pilgrim's Pride Funding Corporation and Pilgrim's Pride Corporation (incorporated by reference from Exhibit 10.5 to the Company's Current Report on Form 8-K filed on September 29, 2008).                                                                                                                                                                                 |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.41  |   | Limited Duration Waiver of Potential Defaults and Events of Default under Credit Agreement dated October 26, 2008 by and among Pilgrim's Pride Corporation, as borrower, CoBank, ACB, as administrative agent, and the other syndication parties signatory thereto (incorporated byreference from Exhibit 10.1 to the Company's Current Report on Form 8-K filed on October 27, 2008).                                                                                 |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.42  |   | Limited Duration Waiver Agreement dated as of October 26, 2008 by and among Pilgrim's Pride Corporation, as borrower, Bank of Montreal, as administrative agent, and certain other bank parties thereto (incorporated by reference from Exhibit 10.2 to the Company's Current Reporton Form 8-K filed on October 27, 2008).                                                                                                                                            |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.43  |   | Limited Duration Waiver Agreement dated as of October 26, 2008 by and among Pilgrim's Pride Corporation, Pilgrim's Pride Funding Corporation, BMO Capital Markets Corp., as administrator, and Fairway Finance Company, LLC (incorporated by reference from Exhibit 10.3 to the Company'sCurrent Report on Form 8-K filed on October 27, 2008).                                                                                                                        |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |

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| 10.44  |   | Form of Change in Control Agreement dated as of October 21, 2008 between the Company and certain of its executive officers (incorporated by reference from Exhibit 10.4 to the Company's Current Report on Form 8-K filed on October 27, 2008). …                                                                                                                                                                      |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.45  |   | First Amendment to Limited Duration Waiver of Potential Defaults and Events of Default under Credit Agreement dated November 25, 2008 by and among Pilgrim's Pride Corporation, as borrower, CoBank, ACB, as administrative agent, and the other syndication parties signatory thereto(incorporated by reference from Exhibit 10.48 of the Company’s Annual Report on Form 10-K filed on December 11, 2008). |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.46  |   | First Amendment to Limited Duration Waiver Agreement dated as of November 25, 2008 by and among Pilgrim's Pride Corporation, as borrower, Bank of Montreal, as administrative agent, and certain other bank parties thereto (incorporated by reference from Exhibit 10.49 of the Company’s Annual Report on Form 10-K filed on December11, 2008).                                                                 |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.47  |   | First Amendment to Limited Duration Waiver Agreement dated as of November 25, 2008 by and among Pilgrim's Pride Corporation, Pilgrim's Pride Funding Corporation, BMO Capital Markets Corp., as administrator, and Fairway Finance Company, LLC (incorporated by reference from Exhibit 10.50 of the Company’s Annual Report on Form 10-Kfiled on December 11, 2008).                                             |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.48  |   | Waiver Agreement and Second Amendment to Credit Agreement dated November 30, 2008, by and among the Company and certain non-debtor Mexico subsidiaries of the Company, ING Capital LLC, as agent, and the lenders signatory thereto (incorporated by reference from Exhibit 10.51 of the Company’s Annual Report on Form 10-K filed onDecember 11, 2008).                                                         |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.49  |   | Amended and Restated Post-Petition Credit Agreement dated December 31, 2008, among the Company, as borrower, certain subsidiaries of the Company, as guarantors, Bank of Montreal, as agent, and the lenders party thereto (incorporated by reference from Exhibit 10.1 of the Company’s Current Report on Form 8-K filed on January 6,2009).                                                                     |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.50  |   | Amended and Restated Employment Agreement dated January 27, 2009, between the Company and Don Jackson (incorporated by reference from Exhibit 10.1 to the Company’s Current Report on Form 8-K filed on January 30, 2009). …                                                                                                                                                                                     |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.51  |   | Separation Agreement dated December 22, 2008, between the Company and Robert A. Wright (incorporated by reference from Exhibit 10.13 to the Company's Quarterly Report on Form 10-Q filed on December 27, 2009). …                                                                                                                                                                                                     |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.52  |   | Separation Agreement dated December 24, 2008, between the Company and J. Clinton Rivers (incorporated by reference from Exhibit 10.14 to the Company's Quarterly Report on Form 10-Q filed on December 27, 2009). …                                                                                                                                                                                               |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                         |

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| 10.53  |   | First Amendment to Amended and Restated Post-Petition Credit Agreement, dated as of February 26, 2009, among the Company, as borrower, certain subsidiaries of the Company, as guarantors, Bank of Montreal, as agent, and the lenders party thereto (incorporated by reference from Exhibit 10.1 of the Company’s Current Report on Form 8-Kfiled on March 4, 2009). |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                                                                                                        |
| 10.54  |   | Second Amendment to Amended and Restated Post-Petition Credit Agreement, dated as of June 5, 2009, among the Company, as borrower, certain subsidiaries of the Company, as guarantors, Bank of Montreal, as agent, and the lenders party thereto.*                                                                                                                          |
|   |   |                                                                                                                                                                                                                                                                                                                                                                        |
| 10.55  |   | Third Amendment to Amended and Restated Post-Petition Credit Agreement, dated as of July 15, 2009, among the Company, as borrower, certain subsidiaries of the Company, as guarantors, Bank of Montreal, as agent, and the lenders party thereto (incorporated by reference from Exhibit 10.1 of the Company’s Current Report on Form 8-K filedon July 17, 2009).     |
|   |   |                                                                                                                                                                                                                                                                                                                                                                        |
| 10.56  |   | Change in Control Agreement by and between the Company and Donald Jackson dated September 15, 2009 (incorporated by reference from Exhibit 10.1 of the Company's Current Report filed on September 18, 2009). …                                                                                                                                                       |
|   |   |                                                                                                                                                                                                                                                                                                                                                                        |
| 10.57  |   | Consulting Agreement by and between the Company and Lonnie "Bo" Pilgrim dated September 16, 2009.* …                                                                                                                                                                                                                                                                  |
|   |   |                                                                                                                                                                                                                                                                                                                                                                        |
| 10.58  |   | Pilgrim's Pride Corporation FY2009 Performance Bonus Plan (incorporated by reference from Exhibit 10.1 of the Company's Current Report filed on October 13, 2009). …                                                                                                                                                                                                  |
|   |   |                                                                                                                                                                                                                                                                                                                                                                        |
| 12     |   | Ratio of Earnings to Fixed Charges for the years ended September 26, 2009, September 27, 2008, September 29, 2007, September 30, 2006, and October 1, 2005.*                                                                                                                                                                                                                |
|   |   |                                                                                                                                                                                                                                                                                                                                                                        |
| 21     |   | Subsidiaries of Registrant.*                                                                                                                                                                                                                                                                                                                                                |
|   |   |                                                                                                                                                                                                                                                                                                                                                                        |
| 23     |   | Consent of Ernst & Young LLP.*                                                                                                                                                                                                                                                                                                                                          |
|   |   |                                                                                                                                                                                                                                                                                                                                                                        |
| 31.1   |   | Certification of Co-Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.*                                                                                                                                                                                                                                                                 |
|   |   |                                                                                                                                                                                                                                                                                                                                                                        |
| 31.2   |   | Certification of Co-Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.*                                                                                                                                                                                                                                                                 |
|   |   |                                                                                                                                                                                                                                                                                                                                                                        |
| 31.3   |   | Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.*                                                                                                                                                                                                                                                                        |
|   |   |                                                                                                                                                                                                                                                                                                                                                                        |
| 32.1   |   | Certification of Co-Principal Executive Officer of Pilgrim's Pride Corporation pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.*                                                                                                                                                                                                                                  |
|   |   |                                                                                                                                                                                                                                                                                                                                                                        |
| 32.2   |   | Certification of Co-Principal Executive Officer of Pilgrim's Pride Corporation pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.*                                                                                                                                                                                                                                  |
|   |   |                                                                                                                                                                                                                                                                                                                                                                        |

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| 32.3 |   | Certification of Chief Financial Officer of Pilgrim's Pride Corporation pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.* |
|------|--------|-------------------------------------------------------------------------------------------------------------------------------------|

|   | *Filed herewith |
|--------|-----------------|

|   | …Represents a management contract or compensation plan arrangement |
|--------|--------------------------------------------------------------------------|

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