PORK Premium Std Farms (MM)

KANSAS CITY, Mo., Dec. 8 /PRNewswire-FirstCall/ -- Premium Standard Farms, Inc. (NASDAQ:PORK) announced today that its Board of Directors declared a quarterly dividend of $0.06 per share, which will be paid on January 19, 2007, to all common stockholders of record as of December 22, 2006. This dividend has been declared pursuant to the Board's stated policy to pay quarterly dividends after assessing Premium Standard Farms, Inc.'s (PSF) earnings, liquidity needs, debt arrangements and other factors the Board of Directors deems relevant. PSF is one of the largest vertically integrated providers of pork products in the United States, producing consistent, high quality pork products for the retail, wholesale, foodservice, export, and further processor markets. PSF is the nation's second largest pork producer and sixth largest pork processor, with approximately 4,300 employees working at farms and processing facilities in Missouri, North Carolina, and Texas. This news release contains "forward-looking statements" within the meaning of the federal securities laws. Naturally, all forward-looking statements involve risk and uncertainty and actual results or events could be materially different. Although we believe that our expectations are based on reasonable assumptions, we can give no assurance that our goals will be achieved. Important factors that could cause actual results to differ include: economic conditions generally and in our principal markets; competitive practices and consolidation in the pork production and processing industries; the impact of current and future laws, government regulations and fiscal policies affecting our industry and operations, including environmental litigation, laws and regulations, trade embargoes and tariffs; developments relating to our pending merger with Smithfield, including the costs relating to the proposed merger and disruption from the transaction making it more difficult to maintain relationships with customers, employees or suppliers; uncertainties relating to litigation involving us; domestic and international transportation disruptions; food safety; the availability of additional capital to fund future commitments and expansion and the cost and terms of financing; the extent to which we are able to manage animal health issues; feed ingredient costs; fluctuations in live hog and wholesale pork prices; customer demands and preferences; and the occurrence of natural disasters and other occurrences beyond our control. In light of these risks, uncertainties and assumptions, the forward-looking events discussed might not occur. DATASOURCE: Premium Standard Farms, Inc. CONTACT: Steve Lightstone of Premium Standard Farms, Inc., +1-816-472-7675 Web site: http://www.psfarms.com/

Copyright