August 27, 2007

Smithfield Foods announces agreement for pork exports to China
 

Press release
 

Smithfield Foods, Inc. announced Aug 24 that it had entered into an agreement with a major Chinese trading company for the purchase of 60 million pounds of Paylean-free pork for delivery by the end of December.

"We are very pleased to begin a business relationship with this trading company in the Chinese market," said C. Larry Pope, President and Chief Executive Officer.

"Although our agreement is modest, we believe there could be additional purchases and we are hopeful that this is the beginning of a longer-term and growing association. This is a milestone for Smithfield in terms of our business alliances in China and represents another step in our global expansion," he added.

With sales of US$12 billion, Smithfield is the leading processor and marketer of fresh pork and processed meats in the United States, as well as the largest producer of hogs, according to the company.

For more information, contact:

Jerry Hostetter

Smithfield Foods, Inc.

Tel: +1-212-758-2100

Website: www.smithfieldfoods.com