BALTIMORE, MD -- (Marketwire) -- 10/31/08 -- Brower Piven, A Professional Corporation announces that a class action lawsuit has been commenced in the United States District Court for the Eastern District of Texas on behalf of purchasers of the common stock Pilgrim's Pride Corporation ("Pilgrim's Pride" or the "Company") (NYSE: PPC) during the period between May 5, 2008 and September 24, 2008, inclusive (the "Class Period").

The complaint charges Pilgrim's Pride and certain of its officers and directors with violations under the Securities Exchange Act of 1934. No class has yet been certified in the above action. Members of the Class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. If you wish to choose counsel to represent you and the Class, you must apply to be appointed lead plaintiff no later than December 29, 2008 and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement and how much of a settlement to accept for the Class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the Company during the Class Period. You may contact Brower Piven (through hoffman@browerpiven.com or 410/332-0030) to answer any questions you may have in that regard.

The complaint alleges that defendants misrepresented the Company's financial condition and concealed the impact of the Company's capital problems on its current and future business. According to the complaint, during the Class Period, defendants were aware of material undisclosed information which contradicted their public statements that included: that the Company's hedges to protect it from adverse changes in costs were harming the Company's results; that the employee wages would rise due to the Company's inability to continue to use illegal workers; that the Company's capital structure was threatened; and that the Company had not adjusted its business model to allow it to raise prices while its competition was able to raise prices to offset cost increases. The complaint also alleges that on September 24, 2008, after the market closed, Pilgrim's Pride announced that it had notified its lenders that it expected to report a significant loss in the fiscal fourth quarter ending September 27, 2008 and that this announcement cause the value of Pilgrim's Pride's shares fell to decline significantly.

If you have suffered a net loss for all transactions in Pilgrim's Pride Corporation common stock during the Class Period, you may obtain additional information about this lawsuit and your ability to become a lead plaintiff by contacting Brower Piven at www.browerpiven.com, by email at hoffman@browerpiven.com, by calling 410-332-0030, or at Brower Piven, A Professional Corporation, The World Trade Center-Baltimore, 401 East Pratt Street, Suite 2525, Baltimore, Maryland 21202. Attorneys at Brower Piven have combined experience litigating securities and class action cases of over 40 years. If you choose to retain counsel, you may retain Brower Piven without financial obligation or cost to you, or you may retain other counsel of your choice. You need take no action at this time to be a member of the class.