Pilgrim's Pride (PPC) 10-Q 2011 Q2 Quarterly report

Exhibit 12

PILGRIM’S PRIDE CORPORATION

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

	Twenty-Six Weeks Ended
	June 26, 2011			June 27, 2010
	(In thousands)
Loss:
Loss before income taxes	$	(254,229	)	$	(45,583	)
Add: Total fixed charges calculated below		61,478			62,321
Less: Interest capitalized		1,701			(195	)
Total loss	$	(194,452	)	$	16,933
Fixed charges:
Interest(a)	$	55,646		$	54,341
Portion on non-cancellable lease expense representative of the interest factor(b)		5,832			7,980
Total fixed charges	$	61,478		$	62,321
Ratio of losses to fixed charges		(c)			(d)

(a) Interest includes amortization of capitalized financing fees.

(b) One-third of non-cancellable lease expense is assumed to be representative of the interest factor.

(c) Earnings were insufficient to cover fixed charges by $255.9 million.

(d) Earnings were insufficient to cover fixed charges by $45.4 million.