Exhibit 12.1

Smithfield Foods, Inc and Subsidiaries

Ratio of Earnings to Fixed Charges

(Dollars in millions)

	May 2, 1999		April 30, 2000		April 29, 2001		April 28, 2002		April 27, 2003
Earnings:
Income before income taxes	$	143.4	$	120.0	$	357.3	$	317.8	$	26.3
Interest expense		40.5		71.9		89.0		94.3		94.0
Interest factor of rentals		7.2		10.0		12.1		14.1		14.1
Amortization of debt costs		0.9		0.9		1.1		1.8		2.2
Earnings as Adjusted	$	192.1	$	202.8	$	459.5	$	428.0	$	136.6
Fixed Charges:
Interest expense	$	40.5	$	71.9	$	89.0	$	94.3	$	94.0
Capitalized interest		2.4		3.3		2.8		1.8		2.5
Interest factor of rentals		7.2		10.0		12.1		14.1		14.1
Amortization of debt costs		0.9		0.9		1.1		1.8		2.2
Fixed Charges	$	51.0	$	86.1	$	105.0	$	112.0	$	112.8
Ratio of Earnings to Fixed Charges		3.8x		2.4x		4.4x		3.8x		1.2x