Lonnie 'Bo' Pilgrim Issues Statement in Support of Gov. Rick Perry's Letter to
EPA Requesting 50% Waiver of Renewable Fuel Standard
PITTSBURG, Texas, April 25 /PRNewswire-FirstCall/ -- Pilgrim's Pride
Corporation (NYSE: PPC) today issued the following statement from Senior
Chairman Lonnie "Bo" Pilgrim in support of Gov. Rick Perry's letter to the
U.S. Environmental Protection Agency requesting a 50% waiver of the renewable
fuels standard:
"I am proud to support Gov. Perry in his request for a 50% waiver of the
renewable fuel standard. Soaring feed-ingredient costs fueled by the federal
government's ethanol mandate has created a crisis in our industry, the true
effects of which are only just now beginning to be felt by consumers in Texas
and other states in the form of higher food prices. These unprecedented
increases for corn and soybean meal are expected to add billions of dollars of
cost to our industry this year. We applaud Gov. Perry for his leadership on
this critical issue and encourage other leaders in the public and private
sectors to join in support."
About Pilgrim's Pride
Pilgrim's Pride Corporation is the largest chicken company in the United
States and Puerto Rico and the second-largest in Mexico. Pilgrim's Pride
employs approximately 54,500 people and operates 37 chicken processing and
12 prepared-foods facilities, with major operations in Texas, Alabama,
Arkansas, Florida, Georgia, Kentucky, Louisiana, North Carolina, Pennsylvania,
South Carolina, Tennessee, Virginia, West Virginia, Mexico and Puerto Rico as
well as other facilities in Arizona, Iowa, Mississippi, Ohio and Utah.
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.
Contact: Gary Rhodes
Vice President, Corporate Communications & Investor Relations
(903) 434-1495
SOURCE Pilgrim's Pride Corporation
Gary Rhodes, Vice President, Corporate Communications & Investor Relations of
Pilgrim's Pride Corporation, +1-903-434-1495
