Smithfield Foods Confirms Receipt Of Memorandum From Continental Grain Company

SMITHFIELD, Va., March 8, 2013 (GLOBE NEWSWIRE) -- Smithfield Foods, Inc. (NYSE:SFD) confirmed that the company's board of directors received a memorandum from Continental Grain Company yesterday. Smithfield's board of directors, in consultation with its financial and legal advisers, will review it in due course.

About Smithfield Foods

Smithfield Foods is a $13 billion global food company and the world's largest pork processor and hog producer. In the United States, the company is also the leader in numerous packaged meats categories with popular brands including Smithfield ®, Eckrich ®, Farmland ®, Armour ®, Cook's ®, Gwaltney ®, John Morrell ®, Kretschmar ®, Curly's ®, Carando ®, Margherita ®, and Healthy Ones ®. Smithfield Foods is committed to providing good food in a responsible way and maintains robust animal care, community involvement, employee safety, environmental, and food safety and quality programs. For more information, visit www.smithfieldfoods.com and www.smithfieldcommitments.com.

The Smithfield Foods, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7622
CONTACT: Keira Lombardo         Smithfield Foods, Inc.         (757) 365-3050         keiralombardo@smithfieldfoods.com                  Lawrence A. Rand         Kekst and Company, Inc.         (212) 521-4834         lar@kekst.com

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