Pilgrim's Pride Corporation to Switch Stock Exchange Listing to NASDAQ

Pilgrim's Pride Corporation to Switch Stock Exchange Listing to NASDAQ

Company's Ticker Symbol to Remain 'PPC'

GREELEY, Colo., Dec. 17, 2012 (GLOBE NEWSWIRE) -- Pilgrim's Pride Corporation
(NYSE:PPC) today announced that it will voluntarily transfer its stock
exchange listing from The New York Stock Exchange to The NASDAQ Global Select
Market, an exchange of The NASDAQ OMX Group Inc. (Nasdaq:NDAQ). The Company
currently expects that its common stock will commence trading on the NASDAQ on
December 28, 2012 and will continue to be listed under the ticker symbol
"PPC."

"As part of our effort to reduce costs and optimize value for our
stockholders, we determined that the move to NASDAQ will provide our
stockholders the most cost-effective services available in the market today,"
said William Lovette, President and CEO of Pilgrim's Pride. "This decision is
one more step supporting our vision of becoming the best managed and most
respected company in the industry."

"We are thrilled to welcome Pilgrim's Pride Corporation to NASDAQ's family of
listed companies, which represent the world's largest and most innovative
brands," said Bruce Aust, Executive Vice President, NASDAQ OMX. "Pilgrim's is
a wonderful company with a great product and we look forward to supporting
Pilgrim's Pride and its stockholders through our partnership in the years to
come."

About Pilgrim's Pride

Pilgrim's employs approximately 38,000 people and operates chicken processing
plants and prepared-foods facilities in 12 states, Puerto Rico and Mexico. The
Company's primary distribution is through retailers and foodservice
distributors. For more information, please visit http://www.pilgrims.com

Forward-Looking Statements

Statements contained in this press release that state the intentions, plans,
hopes, beliefs, anticipations, expectations or predictions of the future of
Pilgrim's Pride Corporation and its management are forward-looking statements.
It is important to note that the actual results could differ materially from
those projected in such forward-looking statements. Factors that could cause
actual results to differ materially from those projected in such
forward-looking statements include: matters affecting the poultry industry
generally; the ability to execute the Company's business plan to achieve
desired cost savings and profitability; the ability of the Company to achieve
the anticipated synergistic gains from the sale of its common stock to JBS USA
Holdings, Inc; the ability of the Company to re-open its idled facilities in
the manner and on the time schedule planned due to, among other things, the
Company's dependence on commodity prices and economic conditions; future
pricing for feed ingredients and the Company's products; additional outbreaks
of avian influenza or other diseases, either in Pilgrim's Pride's flocks or
elsewhere, affecting its ability to conduct its operations and/or demand for
its poultry products; contamination of Pilgrim's Pride's products, which has
previously and can in the future lead to product liability claims and product
recalls; exposure to risks related to product liability, product recalls,
property damage and injuries to persons, for which insurance coverage is
expensive, limited and potentially inadequate; management of cash resources,
particularly in light of Pilgrim's Pride's substantial leverage; restrictions
imposed by, and as a result of, Pilgrim's Pride's substantial leverage;
changes in laws or regulations affecting Pilgrim's Pride's operations or the
application thereof; new immigration legislation or increased enforcement
efforts in connection with existing immigration legislation that cause the
costs of doing business to increase, cause Pilgrim's Pride to change the way
in which it does business, or otherwise disrupt its operations; competitive
factors and pricing pressures or the loss of one or more of Pilgrim's Pride's
largest customers; currency exchange rate fluctuations, trade barriers,
exchange controls, expropriation and other risks associated with foreign
operations; disruptions in international markets and distribution channel,
including exports into Russia, the anti-dumping proceeding in Ukraine and the
anti-dumping and countervailing duty proceeding in China; and the impact of
uncertainties of litigation as well as other risks described under "Risk
Factors" in the Company's Annual Report on Form 10-K and subsequent filings
with the Securities and Exchange Commission. Pilgrim's Pride Corporation
undertakes no obligation to update or revise publicly any forward-looking
statements, whether as a result of new information, future events or
otherwise.In addition, Pilgrim's Pride cannot assure that it will be
successful in completing the rights offering on the terms outlined in this
press release or otherwise.

CONTACT: Rosemary Geelan
         Investor Relations
         (970) 506 -8192
         Rosemary.geelan@pilgrims.com
 
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