EX-12.1 3 ex12_1.htm COMPUTATION OF RATIO OF EARNINGS (LOSS)

ex12_1.htm

EXHIBIT 12
PILGRIM’S PRIDE CORPORATION
COMPUTATION OF RATIO OF EARNINGS (LOSS) TO FIXED CHARGES
		Nine Months Ended
		June 28,  2008				June 30,  2007
Earnings (loss):		(In thousands, except ratios)
Income (loss) from continuing operations before income taxes		$	(278,438	)		$	25,276
Add:  Total fixed charges			111,777				104,842
Less:  Interest capitalized			4,216				4,010
Total earnings		$	(170,877	)		$	126,108
Fixed charges:
Interest costs		$	103,428			$	96,319
Portion of rental expense representative of the interest factor			8,349				8,523
Total fixed charges		$	111,777			$	104,842
Ratio of earnings to fixed charges		(a)					1.20

(a)  Earnings were insufficient to cover fixed charges by $282,704.