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News Release

Pilgrim's Pride Corporation Announces Quarterly Dividend

PITTSBURG, Texas, Jul 28, 2004 /PRNewswire-FirstCall via COMTEX/ -- The Board of Directors of Pilgrim's Pride Corporation (NYSE: PPC) declared a quarterly dividend of 1 1/2 cents per share. The quarterly dividend is payable on September 24, 2004 to shareholders of record at the close of business on September 3, 2004.

Pilgrim's Pride Corporation is the second-largest poultry producer in the United States and Mexico and the largest chicken producer in Puerto Rico. Pilgrim's Pride employs more than 40,000 people and has major operations in Texas, Alabama, Arkansas, Georgia, Kentucky, Louisiana, North Carolina, Pennsylvania, Tennessee, Virginia, West Virginia, Mexico and Puerto Rico, with other facilities in Arizona, California, Iowa, Mississippi, Utah and Wisconsin.

Pilgrim's Pride products are sold to foodservice, retail and frozen entree customers. The Company's primary distribution is through retailers, foodservice distributors and restaurants throughout the United States and Puerto Rico and in the Northern and Central regions of Mexico. For more information, please visit http://www.pilgrimspride.com .

SOURCE Pilgrim's Pride Corporation

http://www.pilgrimspride.com