Smithfield Foods (SFD) 8-K Entry into a Material Definitive Agreement

EXHIBIT 12

Smithfield Foods, Inc. and Subsidiaries

Ration of Earnings to Fixed Charges

(Dollars in millions)

	May 2, 2004		May 1, 2005		April 30, 2006		April 29, 2007		April 27, 2008
Earnings:
Income before income taxes	$	182	$	478	$	313	$	289	$	212
Interest expense		109		117		118		134		185
Interest factor of rentals		12		13		14		18		23
Amortization of debt costs		4		5		5		4		4
Earnings as Adjusted	$	307	$	613	$	450	$	445	$	424
Interest expense	$	109	$	117	$	118	$	134	$	185
Interest factor of rentals		12		13		14		18		23
Amortization of debt costs		4		5		5		4		4
Fixed Charges	$	125	$	134	$	137	$	156	$	212
Ratio of Earnings to Fixed Charges		2.4x		4.6x		3.3x		2.9x		2.0x