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Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 30, 2014	May 01, 2014
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 30, 2014
Entity Registrant Name	PILGRIMS PRIDE CORP
Entity Central Index Key	0000802481
Current Fiscal Year End Date	--12-28
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2014
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		259,029,033

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 30, 2014	Dec. 29, 2013
CONDENSED CONSOLIDATED BALANCE SHEETS [Abstract]
Cash and cash equivalents	$ 514,975	$ 508,206
Investment in available-for-sale securities	37,005	96,902
Trade accounts and other receivables, less allowance for doubtful accounts	373,609	376,678
Account receivable from JBS USA, LLC	3,220	2,388
Inventories	793,516	808,832
Income taxes receivable	20,635	64,868
Current deferred tax assets	2,227	2,227
Prepaid expenses and other current assets	72,914	61,848
Assets held for sale	5,849	7,033
Total current assets	1,823,950	1,928,982
Deferred tax assets	16,049	18,921
Other long-lived assets	33,895	40,163
Identified intangible assets, net	31,089	32,525
Property, plant and equipment, net	1,165,434	1,151,811
Total assets	3,070,417	3,172,402
Current maturities of long-term debt	205,357	410,234
Accounts payable	381,745	370,360
Account payable to JBS USA, LLC	6,144	3,934
Accrued expenses and other current liabilities	275,730	283,355
Current deferred tax liabilities	15,495	15,515
Total current liabilities	884,471	1,083,398
Long-term debt, less current maturities	502,077	501,999
Deferred tax liabilities	10,452	13,944
Other long-term liabilities	87,428	80,459
Total liabilities	1,484,428	1,679,800
Common stock	2,590	2,590
Additional paid-in capital	1,654,141	1,653,119
Accumulated deficit	(22,039)	(120,156)
Accumulated other comprehensive loss	(51,557)	(45,735)
Total Pilgrims Pride Corporation stockholders' equity	1,583,135	1,489,818
Noncontrolling interest	2,854	2,784
Total stockholders' equity	1,585,989	1,492,602
Total liabilities and stockholders' equity	$ 3,070,417	$ 3,172,402

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 30, 2014	Mar. 31, 2013
CONDENSED CONSOLIDATED STATEMENTS OF INCOME [Abstract]
Net sales	$ 2,018,065	$ 2,036,929
Cost of sales	1,802,959	1,918,495
Gross profit	215,106	118,434
Selling, general and administrative expense	45,201	43,992
Administrative restructuring charges	1,713	484
Operating income	168,192	73,958
Interest expense, net of capitalized interest	19,473	24,821
Interest income	(811)	(216)
Foreign currency transaction loss (gain)	337	(7,624)
Miscellaneous, net	(1,006)	(5)
Income before income taxes	150,199	56,982
Income tax expense	52,012	2,754
Net income	98,187	54,228
Less: Net income (loss) attributable to noncontrolling interests	70	(354)
Net income attributable to Pilgrim's Pride Corporation	$ 98,117	$ 54,582
Weighted average shares of common stock outstanding:
Basic	258,923	258,823
Effect of dilutive common stock equivalents	523	130
Diluted	259,446	258,953
Net income attributable to Pilgrim's Pride Corporation per share of common stock outstanding:
Basic	$ 0.38	$ 0.21
Diluted	$ 0.38	$ 0.21

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2014	Mar. 31, 2013
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME [Abstract]
Net income	$ 98,187	$ 54,228
Other comprehensive income (loss):
Loss associated with available-for-sale securities, net of tax expense of $(17) and $0, respectively	(36)
Gain (loss) associated with pension and other postretirement benefits, net of tax benefit of $3,509 and $0, respectively	(5,786)	10,410
Total other comprehensive income (loss), net of tax	(5,822)	10,410
Comprehensive income	92,365	64,638
Less: Comprehensive income (loss) attributable to noncontrolling interests	70	(354)
Comprehensive income attributable to Pilgrim's Pride Corporation	$ 92,295	$ 64,992

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2014	Mar. 31, 2013
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME [Abstract]
Gain (loss) associated with available-for-sale securities, tax	$ (17)
Gain (loss) associated with pension and other postretirement benefits, tax	$ 3,509

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Noncontrolling Interests [Member]
Balance at Dec. 30, 2012	$ 908,997	$ 2,590	$ 1,642,003	$ (669,711)	$ (68,511)	$ 2,626
Balance, shares at Dec. 30, 2012		258,999
Net income	54,228			54,582		(354)
Net current period other comprehensive income (loss)	10,410				10,410
Share-based compensation plans:
Common stock issued under compensation plans
Common stock issued under compensation plans (in shares)		30
Requisite service period recognition	548		548
Balance at Mar. 31, 2013	974,183	$ 2,590	1,642,551	(615,129)	(58,101)	2,272
Balance, shares at Mar. 31, 2013		259,029
Balance at Dec. 29, 2013	1,492,602	$ 2,590	1,653,119	(120,156)	(45,735)	2,784
Balance, shares at Dec. 29, 2013		259,029
Net income	98,187			98,117		70
Net current period other comprehensive income (loss)	(5,822)				(5,822)
Share-based compensation plans:
Common stock issued under compensation plans
Requisite service period recognition	1,022		1,021
Balance at Mar. 30, 2014	$ 1,585,989	$ 2,590	$ 1,654,141	$ (22,039)	$ (51,557)	$ 2,854
Balance, shares at Mar. 30, 2014		259,029

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2014	Mar. 31, 2013
Cash flows from operating activities:
Net income	$ 98,187	$ 54,228
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization	38,260	37,790
Foreign currency transaction loss (gain)	941	(7,753)
Accretion of bond discount	114	114
Loss (gain) on property disposals	570	(1,139)
Gain on investment securities	(53)
Share-based compensation	1,022	548
Changes in operating assets and liabilities:
Trade accounts and other receivables	2,145	(5,183)
Inventories	14,310	(17,061)
Prepaid expenses and other current assets	(11,099)	(6,819)
Accounts payable, accrued expenses and other current liabilities	5,833	(30,629)
Income taxes	43,662	(3,381)
Long-term pension and other postretirement obligations	995	(421)
Other operating assets and liabilities	814	345
Cash provided by operating activities	195,701	20,639
Cash flows from investing activities:
Acquisitions of property, plant and equipment	(47,760)	(25,778)
Purchases of investment securities	(37,000)
Proceeds from sale or maturity of investment securities	96,950
Proceeds from property disposals	1,511	1,660
Cash provided by (used in) investing activities	13,701	(24,118)
Cash flows from financing activities:
Proceeds from revolving line of credit		288,500
Payments on revolving line of credit, long-term borrowings and capital lease obligations	(204,913)	(311,005)
Cash used in financing activities	(204,913)	(22,505)
Effect of exchange rate changes on cash and cash equivalents	2,280	1,364
Increase (decrease) in cash and cash equivalents	6,769	(24,620)
Cash and cash equivalents, beginning of period	508,206	68,180
Cash and cash equivalents, end of period	$ 514,975	$ 43,560

DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION	3 Months Ended
DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION	Mar. 30, 2014
DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION [Abstract]
DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION	1. DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION Business Pilgrim's Pride Corporation (referred to herein as "Pilgrim's," "PPC," "the Company," "we," "us," "our," or similar terms) is one of the largest chicken producers in the world, with operations in the United States ("U.S."), Mexico and Puerto Rico. Pilgrim's products are sold to foodservice, retail and frozen entrée customers. The Company's primary distribution is through retailers, foodservice distributors and restaurants throughout the United States and Puerto Rico and in the northern and central regions of Mexico. Additionally, the Company exports chicken products to approximately 100 countries. Pilgrim's fresh chicken products consist of refrigerated (nonfrozen) whole chickens, whole cut-up chickens and selected chicken parts that are either marinated or non-marinated. The Company's prepared chicken products include fully cooked, ready-to-cook and individually frozen chicken parts, strips, nuggets and patties, some of which are either breaded or non-breaded and either marinated or non-marinated. As a vertically integrated company, we control every phase of the production of our products. We operate feed mills, hatcheries, processing plants and distribution centers in 12 U.S. states, Puerto Rico and Mexico. Pilgrim's has approximately 35,700 employees and has the capacity to process more than 34 million birds per week for a total of more than 9 billion pounds of live chicken annually. Approximately 3,750 contract growers supply poultry for the Company's operations. As of March 30, 2014, JBS USA Holdings, Inc. ("JBS USA"), an indirect subsidiary of Brazil-based JBS S.A., beneficially owned 75.5% of the Company's outstanding common stock. Consolidated Financial Statements The accompanying unaudited consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the U.S. ("U.S. GAAP") for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X of the U.S. Securities and Exchange Commission ("SEC"). Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal and recurring adjustments unless otherwise disclosed) considered necessary for a fair presentation have been included. Operating results for the thirteen weeks ended March 30, 2014 are not necessarily indicative of the results that may be expected for the year ending December 28, 2014. For further information, refer to the consolidated financial statements and footnotes thereto included in the Company's Annual Report on Form 10-K for the year ended December 29, 2013. Pilgrim's operates on a 52/53-week fiscal year that ends on the Sunday falling on or before December 31. The reader should assume any reference we make to a particular year (for example, 2014) in the notes to these Condensed Consolidated Financial Statements applies to our fiscal year and not the calendar year. The Condensed Consolidated Financial Statements include the accounts of the Company and its majority-owned subsidiaries. We eliminate all significant affiliate accounts and transactions upon consolidation. The Company measures the financial statements of its Mexico subsidiaries as if the U.S. dollar were the functional currency. Accordingly, we remeasure assets and liabilities, other than non-monetary assets, of the Mexico subsidiaries at current exchange rates. We remeasure non-monetary assets using the historical exchange rate in effect on the date of each asset's acquisition. We remeasure income and expenses at average exchange rates in effect during the period. Currency exchange gains or losses are included in the line item Foreign currency transaction losses (gains) in the Condensed Consolidated Statements of Income. Reportable Segment We operate in one reportable business segment, as a producer and seller of chicken products we either produce or purchase for resale. Revenue Recognition We recognize revenue when all of the following circumstances are satisfied: (i) persuasive evidence of an arrangement exists, (ii) price is fixed or determinable, (iii) collectability is reasonably assured and (iv) delivery has occurred. Delivery occurs in the period in which the customer takes title and assumes the risks and rewards of ownership of the products specified in the customer's purchase order or sales agreement. Revenue is recorded net of estimated incentive offerings including special pricing agreements, promotions and other volume-based incentives. Revisions to these estimates are charged back to net sales in the period in which the facts that give rise to the revision become known. Book Overdraft The majority of the Company's disbursement bank accounts are zero balance accounts where cash needs are funded as checks are presented for payment by the holder. Checks issued pending clearance that result in overdraft balances for accounting purposes are classified as accounts payable and the change in the related balance is reflected in operating activities on the Condensed Consolidated Statements of Cash Flows.

FAIR VALUE MEASUREMENTS

3 Months Ended

Mar. 30, 2014

FAIR VALUE MEASUREMENTS [Abstract]

FAIR VALUE MEASUREMENTS

2. FAIR VALUE MEASUREMENTS

Fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. Assets and liabilities measured at fair value must be categorized into one of three different levels depending on the assumptions (i.e., inputs) used in the valuation:

Level 1		Unadjusted quoted prices in active markets for identical assets or liabilities;

Level 2		Quoted prices in active markets for similar assets and liabilities and inputs that are observable for the asset or liability; or

Level 3		Unobservable inputs, such as discounted cash flow models or valuations.

The determination of where assets and liabilities fall within this hierarchy is based upon the lowest level of input that is significant to the fair value measurement in its entirety.

As of March 30, 2014 and December 29, 2013, the Company held certain items that were required to be measured at fair value on a recurring basis. These included derivative assets and liabilities and deferred compensation plan assets. Derivative assets and liabilities consist of long and short positions on exchange-traded commodity futures instruments. The Company maintains nonqualified deferred compensation plans for executives and other highly compensated employees. Investments are maintained within a trust and include money market funds, mutual funds and life insurance policies. The cash surrender value of the life insurance policies is invested primarily in mutual funds. The following items were measured at fair value on a recurring basis:

	March 30, 2014
	Level 1			Level 2		Level 3		Total
	(In thousands)
Short-term investments in available-for-sale securities	$	-		$	37,005	$	-	$	37,005
Derivative assets - commodity futures instruments		1,478			-		-		1,478
Derivative assets - commodity options instruments		-			1,698		-		1,698
Deferred compensation plan assets		6,874			-		-		6,874
Derivative liabilities - commodity futures instruments		(5,427	)		-		-		(5,427	)
Derivative liabilities - foreign currency instruments		(1,212	)		-		-		(1,212	)
Long-term debt and other borrowing arrangements:
Public bonds and notes		543,512			-		-		543,512
Term notes		-			-		215,182		215,182
Capitalized lease obligations		-			-		668		668

	December 29, 2013
	Level 1			Level 2		Level 3		Total
	(In thousands)
Short-term investments in available-for-sale securities	$	-		$	96,902	$	-	$	96,902
Derivative assets - commodity futures instruments		1,494			-		-		1,494
Derivative assets - commodity options instruments		-			1,395		-		1,395
Derivative assets - foreign currency instruments		1,214			-		-		1,214
Deferred compensation plan assets		7,208			-		-		7,208
Derivative liabilities - commodity futures instruments		(1,728	)		-		-		(1,728	)

Long-term debt and other borrowing arrangements:
Public bonds and notes		552,592			-		-		552,592
Term notes		-			-		424,650		424,650
Capitalized lease obligations		-			-		704		704

	Thirteen Weeks Ended
	Term Notes and Revolver						Capitalized Lease Obligations
	March 30, 2014			March 31, 2013			March 30, 2014			March 31, 2013
Change in Value of Level 3 Liabilities:	(In thousands)
Balance, beginning of period	$	424,650		$	686,435		$	704		$	880
Borrowings		-			292,400			-			-
Payments		(204,880	)		(314,874	)		(33	)		(30	)
Change in fair value inputs		(4,588	)		(14,795	)		(3	)		(8	)
Balance, end of period	$	215,182		$	649,166		$	668		$	842

The valuation of financial assets and liabilities classified in Level 1 is determined using a market approach, taking into account current interest rates, creditworthiness, and liquidity risks in relation to current market conditions, and is based upon unadjusted quoted prices for identical assets in active markets. The valuation of financial assets and liabilities in Level 2 is determined using a market approach based upon quoted prices for similar assets and liabilities in active markets or other inputs that are observable for substantially the full term of the financial instrument. The valuation of financial assets in Level 3 is determined using an income approach based on unobservable inputs such as discounted cash flow models or valuations.

In addition to the fair value disclosure requirements related to financial instruments carried at fair value, accounting standards require interim disclosures regarding the fair value of all of the Company's financial instruments. The methods and significant assumptions used to estimate the fair value of financial instruments and any changes in methods or significant assumptions from prior periods are also required to be disclosed. The carrying amounts and estimated fair values of financial assets and liabilities recorded in the Condensed Consolidated Balance Sheets consisted of the following:

	March 30, 2014						December 29, 2013
	Carrying			Fair			Carrying			Fair			Note
	Amount			Value			Amount			Value			Reference
	(In thousands)
Short-term investments in available-for-sale securities	$	37,005		$	37,005		$	96,902		$	96,902		5
Derivative assets - commodity futures instruments		1,478			1,478			1,494			1,494		6
Derivative assets - commodity options instruments		1,698			1,698			1,395			1,395		6
Derivative assets - foreign currency instruments		-			-			1,214			1,214		6
Deferred compensation plan assets		6,874			6,874			7,208			7,208
Derivative liabilities - commodity futures instruments		(5,427	)		(5,427	)		(1,728	)		(1,728	)	6
Derivative liabilities - foreign currency instruments		(1,212	)		(1,212	)		-			-		6
Long-term debt and other borrowing arrangements		(707,434	)		(759,362	)		(912,233	)		(977,946	)	9

Derivative assets were recorded at fair value based on quoted market prices and are included in the line item Prepaid expenses and other current assets on the Condensed Consolidated Balance Sheet. Deferred compensation plan assets were recorded at fair value based on quoted market prices and are included in the line item Other assets in the Condensed Consolidated Balance Sheets. Derivative liabilities were recorded at fair value based on quoted market prices and are included in the line item Accrued expenses and other current liabilities on the Condensed Consolidated Balance Sheet. The fair values of the Company's long-term debt and other borrowing arrangements were estimated by calculating the net present value of future payments for each debt obligation or borrowing by: (i) using a risk-free rate applicable for an instrument with a life similar to the remaining life of each debt obligation or borrowing plus the current estimated credit risk spread for the Company or (ii) using the quoted market price at March 30, 2014 or December 29, 2013, as applicable.

In addition to assets and liabilities that are recorded at fair value on a recurring basis, the Company records certain assets and liabilities at fair value on a nonrecurring basis. Generally, assets are recorded at fair value on a nonrecurring basis as a result of impairment charges when required by U.S. GAAP. There were no significant fair value measurement losses recognized for such assets and liabilities in the periods reported.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

TRADE ACCOUNTS AND OTHER RECEIVABLES

3 Months Ended

Mar. 30, 2014

TRADE ACCOUNTS AND OTHER RECEIVABLES [Abstract]

TRADE ACCOUNTS AND OTHER RECEIVABLES

3. TRADE ACCOUNTS AND OTHER RECEIVABLES

Trade accounts and other receivables, less allowance for doubtful accounts, consisted of the following:

	March 30, 2014			December 29, 2013
	(In thousands)
Trade accounts receivable	$	366,283		$	369,715
Account receivable from JBS USA, LLC		3,220			2,388
Employee receivables		6			14
Other receivables		10,288			11,005
Receivables, gross		379,797			383,122
Allowance for doubtful accounts		(2,968	)		(4,056	)
Receivables, net	$	376,829		$	379,066

- Definition

The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

+ References + Details

INVENTORIES

3 Months Ended

Mar. 30, 2014

INVENTORIES [Abstract]

INVENTORIES

4. INVENTORIES

Inventories consisted of the following:

	March 30, 2014		December 29, 2013
	(In thousands)
Live chicken and hens	$	386,406	$	368,582
Feed, eggs and other		212,553		216,045
Finished chicken products		194,245		223,932
Total chicken inventories		793,204		808,559
Commercial feed and other		312		273
Total inventories	$	793,516	$	808,832

INVESTMENTS IN SECURITIES

3 Months Ended

Mar. 30, 2014

INVESTMENTS IN SECURITIES [Abstract]

INVESTMENTS IN SECURITIES

5. INVESTMENTS IN SECURITIES

We recognize investments in available-for-sale securities as cash equivalents, current investments or long-term investments depending upon each security's length to maturity. Additionally, those securities identified by management at the time of purchase for funding operations in less than one year are classified as current.

The following table summarizes our investments in available-for-sale securities:

	March 30, 2014				December 29, 2013
			Fair				Fair
	Amortized Cost		Value		Amortized Cost		Value
	(In thousands)
Cash equivalents:
Fixed income securities	$	162,290	$	162,291	$	103,121	$	103,124
Other		930		930		56		56
Short-term investments:
Fixed income securities	$	37,000	$	37,005	$	96,902	$	96,902

All of the fixed income securities classified as cash and cash equivalents above mature within 90 days and all of the fixed income securities classified as short-term investments above mature within one year. The specific identification method is used to determine the cost of each security sold and each amount reclassified out of accumulated other comprehensive loss to earnings. Gross realized gains recognized during the thirteen weeks ended March 30, 2014 related to the Company's available-for-sale securities totaled approximately $83,000. No gross realized losses were recognized during the thirteen weeks ended March 30, 2014 and no gross realized gains or losses were recognized during the thirteen weeks ended March 31, 2013. Proceeds received from the sale or maturity of available-for-sale securities during the thirteen weeks ended March 30, 2014 and March 31, 2013 are disclosed in the Condensed Consolidated Statements of Cash Flows. Net unrealized holding gains and losses on the Company's available-for-sale securities recognized during the thirteen weeks ended March 30, 2014 and March 31, 2013 that have been included in accumulated other comprehensive loss and the net amount of gains and losses reclassified out of accumulated other comprehensive loss to earnings during the thirteen weeks ended March 30, 2014 and March 31, 2013 are disclosed in "Note 12. Stockholders' Equity."

- Definition

The entire disclosure for investments in certain debt and equity securities.

+ References + Details

DERIVATIVE FINANCIAL INSTRUMENTS

3 Months Ended

Mar. 30, 2014

DERIVATIVE FINANCIAL INSTRUMENTS [Abstract]

DERIVATIVE FINANCIAL INSTRUMENTS

6. DERIVATIVE FINANCIAL INSTRUMENTS

The Company utilizes various raw materials in its operations, including corn, soybean meal, soybean oil, sorghum and energy, such as natural gas, electricity and diesel fuel, which are all considered commodities. The Company considers these raw materials generally available from a number of different sources and believes it can obtain them to meet its requirements. These commodities are subject to price fluctuations and related price risk due to factors beyond our control, such as economic and political conditions, supply and demand, weather, governmental regulation and other circumstances. Generally, the Company purchases derivative financial instruments, specifically exchange-traded futures and options, in an attempt to mitigate price risk related to its anticipated consumption of commodity inputs for approximately the next 12 months. The Company may purchase longer-term derivative financial instruments on particular commodities if deemed appropriate. The fair value of derivative assets is included in the line item Prepaid expenses and other current assets on the Condensed Consolidated Balance Sheets while the fair value of derivative liabilities is included in the line item Accrued expenses and other current liabilities on the same statements. Our counterparties require that we post cash collateral for changes in the net fair value of the derivative contracts.

We have not designated the derivative financial instruments that we have purchased to mitigate commodity purchase transaction exposures as cash flow hedges. Therefore, we recognized changes in the fair value of these derivative financial instruments immediately in earnings. Gains or losses related to these derivative financial instruments are included in the line item Cost of sales in the Condensed Consolidated Statements of Income. The Company recognized net losses of $8.0 million and net gains of $4.9 million related to changes in the fair value of its derivative financial instruments during the thirteen weeks ended March 30, 2014 and March 31, 2013, respectively. Information regarding the Company's outstanding derivative instruments and cash collateral posted with (owed to) brokers is included in the following table:

	March 30, 2014			December 29, 2013
	(Fair values in thousands)
Fair values:
Commodity derivative assets	$	3,176		$	2,889
Commodity derivative liabilities		(5,427	)		(1,728	)
Cash collateral posted with brokers		14,556			4,142
Foreign currency derivative assets		-			1,214
Foreign currency derivative liabilities		(1,212	)		-
Derivatives coverage^(a):
Corn		(3.8	)%		1.1	%
Soybean meal		(8.3	)%		(3.6	)%
Period through which stated percent of needs are covered:
Corn		September 2015			September 2015
Soybean meal		September 2014			July 2014

(a) Derivatives coverage is the percent of anticipated commodity needs covered by outstanding derivative instruments through a specified date.

- Definition

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 30
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6441202&loc=d3e80720-113993

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624171-113959

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 2
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+ Details

PROPERTY, PLANT AND EQUIPMENT

3 Months Ended

Mar. 30, 2014

PROPERTY, PLANT AND EQUIPMENT [Abstract]

PROPERTY, PLANT AND EQUIPMENT

7. PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment ("PP&E"), net consisted of the following:

	March 30, 2014			December 29, 2013
	(In thousands)
Land	$	66,209		$	66,071
Buildings		1,080,500			1,077,859
Machinery and equipment		1,513,406			1,502,968
Autos and trucks		55,788			55,779
Construction-in-progress		95,753			66,926
PP&E, gross		2,811,656			2,769,603
Accumulated depreciation		(1,646,222	)		(1,617,792	)
PP&E, net	$	1,165,434		$	1,151,811

The Company recognized depreciation expense of $33.2 million and $33.8 million during the thirteen weeks ended March 30, 2014 and March 31, 2013, respectively.

During the thirteen weeks ended March 30, 2014, we spent $47.8 million on capital projects and transferred $28.8 million of completed projects from construction-in-progress to depreciable assets. Capital expenditures were primarily incurred during the thirteen weeks ended March 30, 2014 to improve efficiencies and reduce costs in the U.S. and to expand capacity in Mexico.

During the thirteen weeks ended March 30, 2014, the Company sold certain PP&E for cash of $1.5 million and recognized net losses on these sales of $0.6 million. PP&E sold in 2014 included a warehouse and a fertilizer building with miscellaneous fixtures and equipment in Texas. During the thirteen weeks ended March 31, 2013, the Company sold certain PP&E for cash of $1.7 million and recognized net gains on these sales of $1.1 million. PP&E sold in 2013 included a vehicle maintenance center in Texas and miscellaneous equipment.

During the thirteen weeks ended March 30, 2014 and March 31, 2013, the Company also scrapped certain unused or obsolete PP&E and recognized net losses of approximately $74 thousand and $18 thousand, respectively.

Management has committed to the sale of certain properties and related assets, including, but not limited to, (i) processing plants in Pennsylvania and Louisiana, (ii) a truck shop in Texas (iii) and other miscellaneous assets, which no longer fit into the operating plans of the Company. The Company is actively marketing these properties and related assets for immediate sale and believes a sale of each property can be consummated within the next 12 months. At March 30, 2014 and December 29, 2013, the Company reported properties and related assets totaling $5.9 million and $7.0 million, respectively, in the line item Assets held for sale on its Condensed Consolidated Balance Sheets. For the thirteen weeks ended March 30, 2014 and March 31, 2013, the Company did not recognize any impairment expense.

As part of the exit or disposal activities discussed in "Note 14. Exit or Disposal Activities," the Company closed or idled various processing complexes, processing plants, hatcheries and broiler farms throughout the U.S. Neither the Board of Directors nor JBS USA has determined if it would be in the best interest of the Company to divest any of these idled assets. Management is therefore not certain that it can or will divest any of these assets within one year, is not actively marketing these assets and, accordingly, has not classified them as assets held for sale. The Company continues to depreciate these assets. At March 30, 2014, the carrying amount of these idled assets was $77.3 million based on depreciable value of $187.1 million and accumulated depreciation of $109.8 million.

The Company last tested the recoverability of its long-lived assets held and used in December 2013. At that time, the Company determined that the carrying amount of its long-lived assets held and used was recoverable over the remaining life of the primary asset in the group and that long-lived assets held and used passed the Step 1 recoverability test under ASC 360-10-35,Impairment or Disposal of Long-Lived Assets. There were no indicators present during the thirteen weeks ended March 30, 2014 that required the Company to test its long-lived assets held and used for recoverability.

CURRENT LIABILITIES

3 Months Ended

Mar. 30, 2014

CURRENT LIABILITIES [Abstract]

CURRENT LIABILITIES

8. CURRENT LIABILITIES

Current liabilities, other than income taxes and current maturities of long-term debt, consisted of the following components:

	March 30, 2014		December 29, 2013
	(In thousands)
Accounts payable:
Trade accounts	$	333,833	$	313,266
Book overdrafts		46,100		55,378
Other payables		1,812		1,716
Total accounts payable		381,745		370,360
Accounts payable to JBS USA, LLC		6,144		3,934
Accrued expenses and other current liabilities:
Compensation and benefits		88,104		100,965
Interest and debt-related fees		17,285		7,558
Insurance and self-insured claims		94,366		99,244
Derivative liabilities:
Futures		6,638		1,729
Options		-		-
Other accrued expenses		69,337		73,859
Total accrued expenses and other current liabilities		275,730		283,355
	$	663,619	$	657,649

LONG-TERM DEBT AND OTHER BORROWING ARRANGEMENTS

3 Months Ended

Mar. 30, 2014

LONG-TERM DEBT AND OTHER BORROWING ARRANGEMENTS [Abstract]

LONG-TERM DEBT AND OTHER BORROWING ARRANGEMENTS

9. LONG-TERM DEBT AND OTHER BORROWING ARRANGEMENTS

Long-term debt and other borrowing arrangements consisted of the following components:

	Maturity	March 30, 2014			December 29, 2013
		(In thousands)
Senior notes, at 7 ⅞%, net of unaccreted discount	2018	$	497,871		$	497,757
U.S. Credit Facility (defined below):
The Exit Credit Facility Term B-1 note payable at
2.4375%	2014		-			204,880
The Exit Credit Facility Term B-2 note payable at
9.00%	2014		205,219			205,219
Other	Various		4,344			4,377
Long-term debt			707,434			912,233
Less: Current maturities of long-term debt			(205,357	)		(410,234	)
Long-term debt, less current maturities		$	502,077		$	501,999

Senior and Subordinated Notes

At March 30, 2014, the Company had an aggregate principal balance of $500.0 million of 7 ⅞% Senior Notes due 2018 (the "2018 Notes") outstanding that are registered under the Securities Act of 1933. The 2018 Notes are unsecured obligations of the Company and are guaranteed by one of the Company's subsidiaries. Interest is payable on December 15 and June 15 of each year, commencing on June 15, 2011. Additionally, the Company had an aggregate principal balance of $3.6 million of 7 ⅝% senior unsecured notes due 2015 and 8 ⅜% senior subordinated unsecured notes due 2017 outstanding at March 30, 2014.

On June 23, 2011, the Company entered into a Subordinated Loan Agreement with JBS USA (the "Subordinated Loan Agreement"). Pursuant to the terms of the Subordinated Loan Agreement, the Company agreed to reimburse JBS USA up to $56.5 million for draws upon any letters of credit issued for JBS USA's account that support certain obligations of the Company or its subsidiaries. JBS USA agreed to arrange for letters of credit to be issued on its account in the amount of $56.5 million to an insurance company serving the Company in order to allow that insurance company to return cash it held as collateral against potential workers compensation, auto and general liability claims. In return for providing this letter of credit, the Company has agreed to reimburse JBS USA for the letter of credit cost the Company would otherwise incur under its U.S. Credit Facility (as defined below). In the thirteen weeks ended March 30, 2014, the Company reimbursed JBS USA $0.3 million for letter of credit costs incurred from December 2013 through February 2014. As of March 30, 2014, the Company has accrued an obligation of $0.1 million to reimburse JBS USA for letter of credit costs incurred on its behalf. There remains no other commitment to make advances by JBS USA under the Subordinated Loan Agreement.

U.S. Credit Facility

Pilgrim's and certain of its subsidiaries entered into a credit agreement (the "U.S. Credit Facility") with CoBank, ACB, as administrative agent and collateral agent, and other lenders party thereto, which was amended and restated on August 7, 2013. As of March 30, 2014, the U.S. Credit Facility provided for a $700.0 million revolving credit facility, a Term B facility of approximately $205.2 million and a delayed draw term loan commitment of up to $400 million (the "Delayed Draw Term Loans"). The Company can draw upon the Delayed Draw Term Loan commitment, in one or more advances, between May 1, 2014 and December 28, 2014. The U.S. Credit Facility also includes an accordion feature that allows us, at any time, to increase the aggregate revolving loan commitment by up to an additional $250.0 million and to increase the aggregate Delayed Draw Term Loan commitment by up to an additional $500.0 million, in each case subject to the satisfaction of certain conditions, including obtaining the lenders' agreement to participate in the increase and an aggregate limit on all commitments under the U.S. Credit Facility of $1.85 billion. The U.S. Credit Facility also provides for a $100 million sub-limit for swingline loans and a $200 million sub-limit for letters of credit. The revolving loan commitment under the U.S. Credit Facility matures on August 7, 2018. Any Delayed Draw Term Loans would be payable in quarterly installments beginning in fiscal year 2015 equal to 1.875% of the principal outstanding as of December 28, 2014, with all remaining principal and interest due at maturity on August 7, 2018.

On December 28, 2009, the Company paid loan costs totaling $50.0 million related to the U.S. Credit Facility that it recognized as an asset on its balance sheet. On August 7, 2013, the Company paid loan costs totaling $5.0 million related to the amendment and restatement to the U.S. Credit Facility that is recognized as an asset on its balance sheet. The Company amortizes these capitalized costs to interest expense over the life of the U.S. Credit Facility.

Subsequent to the end of each fiscal year, a portion of our cash flow must be used to repay outstanding principal amounts under the Term B loans. With respect to 2013, the Company paid $204.9 million of its cash flow toward the outstanding principal under the Term B-1 loans on December 30, 2013 and paid approximately $205.2 million of its cash flow toward the outstanding principal under the Term B-2 loans on April 28, 2014. Following the April 28, 2014 payment, the Company has no outstanding principal under the Term B loans. The U.S. Credit Facility also requires us to use the proceeds we receive from certain asset sales and specified debt or equity issuances and upon the occurrence of other events to repay outstanding borrowings under the U.S. Credit Facility. On March 30, 2014, a principal amount of $205.2 million under the Term B loans commitment was outstanding.

Actual borrowings by the Company under the revolving credit commitment component of the U.S. Credit Facility are subject to a borrowing base, which is a formula based on certain eligible inventory, eligible receivables and restricted cash under the control of CoBank ACB. As of March 30, 2014, the applicable borrowing base was $694.4 million. The amount available for borrowing under the revolving loan commitment was $664.8 million. The Company had letters of credit of $29.6 million and no outstanding borrowings under the revolving loan commitment as of March 30, 2014.

The U.S. Credit Facility contains financial covenants and various other covenants that may adversely affect our ability to, among other things, incur additional indebtedness, incur liens, pay dividends or make certain restricted payments, consummate certain assets sales, enter into certain transactions with JBS USA and our other affiliates, merge, consolidate and/or sell or dispose of all or substantially all of our assets. The U.S. Credit Facility requires the Company to comply with a minimum level of tangible net worth covenant. The Company is currently in compliance with this financial covenant. All other financial covenants were eliminated in connection with the August 7, 2013 amendment and restatement to the U.S. Credit Facility. The U.S. Credit Facility also provides that the Company may not incur capital expenditures in excess of $350.0 million in any fiscal year.

All obligations under the U.S. Credit Facility are unconditionally guaranteed by certain of the Company's subsidiaries and are secured by a first priority lien on (i) the accounts receivable and inventories of the Company and its non-Mexico subsidiaries, (ii) 65% of the equity interests in the Company's direct foreign subsidiaries and 100% of the equity interests in the Company's other subsidiaries, (iii) substantially all of the personal property and intangibles of the borrowers and guarantors under the U.S. Credit Facility and (iv) substantially all of the real estate and fixed assets of the Company and the guarantor subsidiaries under the U.S. Credit Facility.

Mexico Credit Facility

On October 19, 2011, Avícola Pilgrim's Pride de México, S.A. de C.V., Pilgrim's Pride S. de R.L. de C.V. and certain Mexican subsidiaries entered into an amended and restated credit agreement (the "Mexico Credit Facility") with ING Bank (México), S.A. Institución de Banca Múltiple, ING Grupo Financiero, as lender and ING Capital LLC, as administrative agent. The Mexico Credit Facility has a final maturity date of September 25, 2014. The Mexico Credit Facility is secured by substantially all of the assets of the Company's Mexico subsidiaries. As of March 30, 2014, the U.S. dollar-equivalent of the loan commitment under the Mexico Credit Facility was $42.6 million. There were no outstanding borrowings under the Mexico Credit Facility at March 30, 2014.

INCOME TAXES	3 Months Ended
INCOME TAXES	Mar. 30, 2014
INCOME TAXES [Abstract]
INCOME TAXES	10. INCOME TAXES The Company recorded income tax expense of $52.0 million, a 34.6% effective tax rate, for the thirteen weeks ended March 30, 2014, compared to income tax expense of $2.8 million, a 4.8% effective tax rate, for the thirteen weeks ended March 31, 2013. The income tax expense recognized for the thirteen weeks ended March 30, 2014 was primarily the result of the tax expense recorded on the Company's year-to-date income. The income tax expense recognized for the thirteen weeks ended March 31, 2013 was primarily the result of the tax expense recorded on the company's year-to-date income offset by a decrease in valuation allowance as a result of year-to-date earnings. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities (including the impact of available carry back and carry forward periods), projected future taxable income and tax-planning strategies in making this assessment. As of March 30, 2014, the Company does not believe it has sufficient positive evidence to conclude that realization of its federal capital loss carry forwards and a portion of its foreign net deferred tax assets are more likely than not to be realized. For the thirteen weeks ended March 30, 2014, there is tax effect of $3.5 million reflected in other comprehensive income. There was no tax effect reflected in other comprehensive income for the thirteen weeks ended March 31, 2013 because the Company had a valuation allowance. With few exceptions, the Company is no longer subject to U.S. federal, state or local income tax examinations by taxing authorities for years prior to 2008 and is no longer subject to Mexico income tax examinations by taxing authorities for years prior to 2008. The Company is pursuing the IRS' amended proof of claim relating to the tax year ended June 20, 2004 for Gold Kist Inc. ("Gold Kist"). See "Note 16. Commitments and Contingencies" for additional information.

PENSION AND OTHER POSTRETIREMENT BENEFITS

3 Months Ended

Mar. 30, 2014

PENSION AND OTHER POSTRETIREMENT BENEFITS [Abstract]

PENSION AND OTHER POSTRETIREMENT BENEFITS

11. PENSION AND OTHER POSTRETIREMENT BENEFITS

The Company sponsors programs that provide retirement benefits to most of its employees. These programs include qualified defined benefit pension plans, nonqualified defined benefit retirement plans, a defined benefit postretirement life insurance plan and defined contribution retirement savings plans. Expenses recognized under all of these retirement plans totaled $1.4 million and $1.9 million in the thirteen weeks ended March 30, 2014 and March 31, 2013, respectively.

Net defined benefit pension and other postretirement costs included the following components:

	Thirteen Weeks Ended
	March 30, 2014					March 31, 2013
	Pension Benefits			Other Benefits		Pension Benefits			Other Benefits
	(In thousands)
Service cost	$	-		$	-	$	10		$	-
Interest cost		2,026			20		1,988			20
Estimated return on plan assets		(1,593	)		-		(1,349	)		-
Amortization of net loss (gain)		14			-		250			-
Net costs	$	447		$	20	$	899		$	20

During the thirteen weeks ended March 30, 2014, the Company contributed $1.6 million to its defined benefit plans.

The Company remeasures both plan assets and obligations on a quarterly basis.

The Company and certain retirement plans that it sponsors invest in a variety of financial instruments. Certain postretirement funds in which the Company participates hold significant amounts of mortgage-backed securities. However, none of the mortgages collateralizing these securities are considered subprime.

STOCKHOLDERS' EQUITY

3 Months Ended

Mar. 30, 2014

STOCKHOLDERS' EQUITY [Abstract]

STOCKHOLDERS' EQUITY

12. STOCKHOLDERS' EQUITY

Accumulated Other Comprehensive Loss

The following tables provide information regarding the changes in accumulated other comprehensive loss during the thirteen weeks ended March 30, 2014 and March 31, 2013:

										Thirteen Weeks
										Ended
	Thirteen Weeks Ended March 30, 2014^(a)									March 31, 2013^(a)
	Losses Related to			Unrealized						Losses Related to
	Pension and Other			Holding Gains on						Pension and Other
	Postretirement			Available-for-Sale						Postretirement
	Benefits			Securities			Total			Benefits
	(In thousands)
Balance, beginning of period	$	(45,797	)	$	62		$	(45,735	)	$	(68,511	)
Other comprehensive income (loss) before
reclassifications		(5,795	)		(11	)		(5,806	)		10,160
Amounts reclassified from accumulated other
comprehensive loss to net income		9			(25	)		(16	)		250
Net current period other comprehensive income (loss)		(5,786	)		(36	)		(5,822	)		10,410
Balance, end of period	$	(51,583	)	$	26		$	(51,557	)	$	(58,101	)

(a) All amounts are net of tax. Amounts in parentheses indicate debits to accumulated other comprehensive loss.

	Amount Reclassified from Accumulated
	Other Comprehensive Loss^(a)
	Thirteen Weeks			Thirteen Weeks
Details about Accumulated Other Comprehensive	Ended March 30,			Ended March 31,			Affected Line Item in the Condensed
Loss Components	2014			2013			Consolidated Statements of Operations
(In thousands)
Realized gain on sale of securities	$	40		$	-		Selling, general and administrative expense
Amortization of defined benefit pension and
other postretirement plan actuarial losses:
Union employees pension plan^(b)(d)		-			(9	)	Cost of sales
Legacy Gold Kist plans^(c)(d)		(14	)		(241	)	Selling, general and administrative expense
Total before tax		26			(250	)
Tax benefit (expense)		(10	)		-
Total reclassification for the period	$	16			(250	)

(a)	Amounts in parentheses represent debits to results of operations.
(b)	The Company sponsors the Pilgrim's Pride Retirement Plan for Union Employees (the "Union Plan"), a qualified defined benefit pension plan covering certain locations or work groups with collective bargaining agreements.
(c)	The Company sponsors the Pilgrim's Pride Plan for Legacy Gold Kist Employees, a qualified defined benefit pension plan covering certain eligible U.S. employees who were employed at locations that the Company purchased through its acquisition of Gold Kist in 2007, the Former Gold Kist Inc. Supplemental Executive Retirement Plan, a nonqualified defined benefit retirement plan covering certain former Gold Kist executives, the Former Gold Kist Inc. Directors' Emeriti Plan, a nonqualified defined benefit retirement plan covering certain former Gold Kist directors, and the Gold Kist Inc. Retiree Life Insurance Plan, a defined benefit postretirement life insurance plan covering certain retired Gold Kist employees (collectively, the "Legacy Gold Kist Plans").
(d)	These accumulated other comprehensive income components are included in the computation of net periodic pension cost. See "Note 11. Pension and Other Postretirement Benefits" to the Condensed Consolidated Financial Statements.

Restrictions on Retained Earnings

Both The U.S. Credit Facility and the indenture governing the 2018 Notes restrict, but do not prohibit, the Company from declaring dividends.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(d),(e))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
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-Section S99
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-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
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-Name Accounting Standards Codification
-Topic 505
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-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
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-Publisher FASB
-Name Accounting Standards Codification
-Glossary Preferred Stock
-URI http://asc.fasb.org/extlink&oid=6521494

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph d
-Article 4

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 29, 30, 31
-Article 5

Reference 16: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
-Section E

Reference 17: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Article 4

Reference 18: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
-Section C

Reference 19: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Article 3

+ Details

INCENTIVE COMPENSATION

3 Months Ended

Mar. 30, 2014

INCENTIVE COMPENSATION [Abstract]

INCENTIVE COMPENSATION

13. INCENTIVE COMPENSATION

The Company sponsors a short-term incentive plan that provides the grant of either cash or share-based bonus awards payable upon achievement of specified performance goals (the "STIP"). Full-time, salaried exempt employees of the Company and its affiliates who are selected by the administering committee are eligible to participate in the STIP. The Company has accrued $2.9 million in costs related to the STIP at March 30, 2014 related to cash bonus awards that could potentially be awarded during the remainder of 2014 and 2015.

The Company also sponsors a performance-based, omnibus long-term incentive plan that provides for the grant of a broad range of long-term equity-based and cash-based awards to the Company's officers and other employees, members of the Board and any consultants (the "LTIP"). The equity-based awards that may be granted under the LTIP include "incentive stock options," within the meaning of the Internal Revenue Code, nonqualified stock options, stock appreciation rights, restricted stock awards ("RSAs") and restricted stock units ("RSUs"). At March 30, 2014, we have reserved approximately 6.6 million shares of common stock for future issuance under the LTIP.

The following awards existed during the thirteen weeks ended March 30, 2014:

Estimated

Award

Vesting

Forfeiture

Settlement

Type

Benefit Plan

Quantity

Grant Date

Condition

Vesting Date

Rate

Method

Employment

RSA

Agreement

100,000

January 14, 2011

Service

January 3, 2014

Stock

RSA

LTIP

72,675

August 27, 2012

Service

April 27, 2014

Stock

RSU

LTIP

608,561

February 4, 2013

Service

December 31, 2014

9.66

Stock

RSA

LTIP

15,000

February 25, 2013

Service

February 24, 2015

Stock

RSA

LTIP

15,000

February 25, 2013

Service

February 24, 2016

Stock

RSU

LTIP

206,933

February 26, 2013

Service

December 31, 2014

Stock

RSU

LTIP

462,518

February 19, 2014

Service

December 31, 2016

13.49

Stock

The fair value of each RSA and RSU granted represents the closing price of the Company's common stock on the respective grant date.

Compensation costs and the income tax benefit recognized for our share-based compensation arrangements are included below:

	Thirteen Weeks Ended
	March 30, 2014		March 31, 2013
	(In thousands)
Share-based compensation cost:
Cost of sales	$	19	$	57
Selling, general and administrative expense		1,003		491
Total	$	1,022	$	548

Income tax benefit	$	275	$	126

The Company's RSA and RSU activity is included below:

	Thirteen Weeks Ended March 30, 2014				Thirteen Weeks Ended March 31, 2013
			Weighted Average				Weighted Average
	Number		Grant Date Fair Value		Number		Grant Date Fair Value
	(In thousands, except weighted average fair values)
RSAs:
Outstanding at beginning of period	203		$	6.59	273		$	6.54
Granted	-			-	30			8.72
Vested	(100	)		7.10	(100	)		7.10
Outstanding at end of period	103		$	6.09	203		$	6.59

RSUs:
Outstanding at beginning of period	729		$	8.81	-		$	-
Granted	462			16.70	815			8.820
Vested	-			-	-			-
Forfeited	(24	)		8.89	-			-
Outstanding at end of period	1,167		$	11.93	815		$	8.82

The total fair value of shares vested during each of the thirteen weeks ended March 30, 2014 and March 31, 2013 was $710 thousand.

At March 30, 2014, the total unrecognized compensation cost related to all nonvested awards was $11.1 million. That cost is expected to be recognized over a weighted average period of 2.10 years.

Historically, we have issued new shares to satisfy award conversions.

EXIT OR DISPOSAL ACTIVITIES

3 Months Ended

Mar. 30, 2014

EXIT OR DISPOSAL ACTIVITIES [Abstract]

EXIT OR DISPOSAL ACTIVITIES

14. EXIT OR DISPOSAL ACTIVITIES

From time to time, the Company will incur costs to implement exit or disposal efforts for specific operations. These exit or disposal plans, each of which is approved by the Company's Board of Directors, focus on various aspects of operations, including closing and consolidating certain processing facilities, rationalizing headcount and aligning operations in the most strategic and cost-efficient structure. Specific exit or disposal efforts that were ongoing during either the thirteen weeks ended March 30, 2014 or the thirteen weeks ended March 31, 2013 included the following:

(In thousands, except positions eliminated)
Earliest implementation date	October 2008
Latest expected completion date	September 2014
Positions eliminated		3,052
Costs incurred and expected to be incurred:
Employee-related costs	$	3,016
Asset impairment costs		25,018
Inventory valuation costs		682
Live operations rationalization costs		15,207
Other exit or disposal costs		370
Total exit or disposal costs	$	44,293
Costs incurred since earliest implementation date:
Employee-related costs	$	3,016
Asset impairment costs		25,018
Inventory valuation costs		682
Live operations rationalization costs		14,723
Other exit or disposal costs		370
Total exit or disposal costs	$	43,809

	Thirteen Weeks Ended
	March 30, 2014		March 31, 2013
	(In thousands)
Employee-related costs	$	524	$	-
Inventory valuation costs		338		-
Live operations rationalization costs		481		484
Other exit or disposal costs		370		-
Total exit or disposal costs	$	1,713	$	484

The exit or disposal costs reflected above related to facility closures between 2008 and 2014. Significant facilities closed included one processing plant in 2008, two processing plants in 2009, two processing plants in the transition period, one processing plant in 2011 and one processing plant in 2014. The transition period began September 27, 2009 and ended December 27, 2009 and resulted from the Company's change in its fiscal year end from the Saturday nearest September 30 each year to the last Sunday in December of each year. These costs were classified as Administrative restructuring charges on the accompanying Condensed Consolidated Statements of Income because management believed these costs were not directly related to the Company's ongoing operations.

Accrued severance costs are included in Accrued expenses and other current liabilities and accrued inventory charges are included in Inventories on the accompanying Condensed Consolidated Balance Sheets. The following table sets forth activity that was recorded through the Company's accrued exit or disposal cost accounts during the thirteen weeks ended March 30, 2014.

	Accrued			Accrued
	Severance			Inventory Charges		Total
				(In thousands)
Balance at December 29, 2013	$	-		$	-	$	-
Accruals		524			141		665
Payment /Disposal		(243	)		-		(243	)
Adjustments		-			-		-
Balance at March 30, 2014	$	281		$	141	$	422

We continue to review and evaluate various restructuring and other alternatives to streamline our operations, improve efficiencies and reduce costs. Such initiatives may include selling assets, consolidating operations and functions and voluntary and involuntary employee separation programs. Any such actions may require us to obtain the pre-approval of our lenders under our credit facilities. In addition, such actions will subject the Company to additional short-term costs, which may include asset impairment charges, lease commitment costs, employee retention and severance costs and other costs. Certain of these activities may have a disproportionate impact on our income relative to the cost savings in a particular period.

RELATED PARTY TRANSACTIONS

3 Months Ended

Mar. 30, 2014

RELATED PARTY TRANSACTIONS

15. RELATED PARTY TRANSACTIONS

Pilgrim's has been and, in some cases, continues to be a party to certain transactions with affiliated persons and our current and former directors and executive officers. Company management has analyzed the terms of all contracts executed with related parties and believes that they are substantially similar to, and contain terms no less favorable to us than, those obtainable from unaffiliated parties.

On December 28, 2009, JBS USA became the holder of the majority of the common stock of the Company. As of March 30, 2014, JBS USA beneficially owned 75.5% of the total outstanding shares of our common stock.

Transactions with JBS USA and JBS USA, LLC (a JBS USA subsidiary) recognized in the Condensed Consolidated Statements of Income are summarized below:

	Thirteen Weeks Ended
	March 30, 2014	March 31, 2013
	(In thousands)
JBS USA:
Letter of credit fees^(a)	335	592
JBS USA, LLC:
Purchases from JBS USA, LLC^(b)	24,989	14,834
Expenditures paid by JBS USA, LLC on behalf of Pilgrim's Pride Corporation^(c)	12,458	12,919
Sales to JBS USA, LLC^(b)	15,355	16,119
Expenditures paid by Pilgrim's Pride Corporation on behalf of JBS USA, LLC^(c)	533	458

(a)		Beginning on October 26, 2011, JBS USA arranged for letters of credit to be issued on its account in the amount of $56.5 million to an insurance company on our behalf in order to allow that insurance company to return cash it held as collateral against potential liability claims. We agreed to reimburse JBS USA up to $56.5 million for potential draws upon these letters of credit. We reimburse JBS USA for the letter of credit costs we would have otherwise incurred under our credit facilities. During 2014, we have paid JBS USA $0.3 million for letter of credit costs. As of March 30, 2014, the Company has accrued an obligation of $0.1 million to reimburse JBS USA for letter of credit costs incurred on its behalf.
(b)		We routinely execute transactions to both purchase products from JBS USA, LLC and sell products to them. As of March 30, 2014 and December 29, 2013, the outstanding payable to JBS USA, LLC was $6.1 million and $3.9 million, respectively. As of March 30, 2014 and December 29, 2013, the outstanding receivable from JBS USA, LLC was $3.2 million and $2.4 million, respectively. As of March 30, 2014, approximately $0.6 million of goods from JBS USA, LLC were in transit and not reflected on our Condensed Consolidated Balance Sheet.
(c)		On January 19, 2010, the Company entered into an agreement with JBS USA, LLC in order to allocate costs associated with JBS USA, LLC's procurement of SAP licenses and maintenance services for its combined companies. Under this agreement, the fees associated with procuring SAP licenses and maintenance services are allocated between the Company and JBS USA, LLC in proportion to the percentage of licenses used by each company. The agreement expires on the date of expiration, or earlier termination, of the underlying SAP license agreement. On May 5, 2010, the Company also entered into an agreement with JBS USA, LLC in order to allocate the costs of supporting the business operations by one consolidated corporate team, which have historically been supported by their respective corporate teams. Expenditures paid by JBS USA, LLC on behalf of the Company will be reimbursed by the Company and expenditures paid by the Company on behalf of JBS USA, LLC will be reimbursed by JBS USA, LLC. This agreement expires on May 5, 2015.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References + Details

COMMITMENTS AND CONTINGENCIES	3 Months Ended
COMMITMENTS AND CONTINGENCIES	Mar. 30, 2014
COMMITMENTS AND CONTINGENCIES [Abstract]
COMMITMENTS AND CONTINGENCIES	16. COMMITMENTS AND CONTINGENCIES We are a party to many routine contracts in which we provide general indemnities in the normal course of business to third parties for various risks. Among other considerations, we have not recorded a liability for any of these indemnities as based upon the likelihood of payment, the fair value of such indemnities would not have a material impact on our financial condition, results of operations and cash flows. The Company is subject to various legal proceedings and claims which arise in the ordinary course of business. In the Company's opinion, it has made appropriate and adequate accruals for claims where necessary; however, the ultimate liability for these matters is uncertain, and if significantly different than the amounts accrued, the ultimate outcome could have a material effect on the financial condition or results of operations of the Company. For a discussion of the material legal proceedings and claims, see Part II, Item 1. "Legal Proceedings." Below is a summary of some of these material proceedings and claims. The Company believes it has substantial defenses to the claims made and intends to vigorously defend these cases. On December 1, 2008, Pilgrim's and six of its subsidiaries filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Northern District of Texas, Fort Worth Division ("Bankruptcy Court"). The cases were jointly administered under Case No. 08-45664. The Company emerged from Chapter 11 on December 28, 2009. The Company is the named defendant in several pre-petition lawsuits that, as of March 30, 2014, have not been resolved. Among the claims presently pending are claims brought against certain current and former directors, executive officers and employees of the Company, the Pilgrim's Pride Administrative Committee and the Pilgrim's Pride Pension Committee seeking unspecified damages under section 502 of the Employee Retirement Income Security Act of 1974 ("ERISA"), 29 U.S.C. § 1132. These claims were brought by individual participants in the Pilgrim's Pride Retirement Savings Plan, individually and on behalf of a putative class, alleging that the defendants breached fiduciary duties to plan participants and beneficiaries or otherwise violated ERISA. Although the Company is not a named defendant in these claims, our bylaws require us to indemnify our current and former directors and officers from any liabilities and expenses incurred by them in connection with actions they took in good faith while serving as an officer or director. In these actions the plaintiffs assert claims in excess of $35.0 million. The likelihood of an unfavorable outcome or the amount or range of any possible loss to the Company cannot be determined at this time. Other claims presently pending against the Company are claims seeking unspecified damages brought by current or former contract chicken growers who allege, along with other assertions, that the Company breached grower contracts and made false representations to induce the plaintiffs into building chicken farms and entering into chicken growing agreements with the Company. In the case styled Shelia Adams, et al. v. Pilgrim's Pride Corporation, on September 30, 2011, the trial court issued its findings of fact and conclusions of law stating that the Company violated section 192(e) of the Packers and Stockyards Act of 1921 by purportedly attempting to manipulate the price of chicken by idling the El Dorado, Arkansas complex and rejecting the El Dorado growers' contracts. The trial court awarded damages in the amount of $25.8 million. Afterward, the Company filed post-judgment motions attacking the trial court's findings of fact and conclusions of law, which, on December 28, 2011, were granted in part and resulted in a reduction of the damages award from $25.8 million to $25.6 million. On January 19, 2012, the Company appealed the findings of fact and conclusions of law and decision concerning the post-judgment motions to the United States Fifth Circuit Court of Appeals. Oral argument occurred December 3, 2012. On August 27, 2013, the Fifth Circuit reversed the judgment, and entered a judgment in favor of the Company. Plaintiffs thereafter filed a petition for rehearing en banc. Plaintiffs' petition for rehearing was denied on October 15, 2013. On January 13, 2014, Plaintiffs filed a Petition for a Writ of Certiorari requesting the Supreme Court of the United States to accept their case for review. Plaintiff's petition for a Writ of Certiorari was denied on February 24, 2014. The Fifth Circuit's decision and prior favorable trial court rulings regarding the El Dorado growers' claims suggest that the likelihood of any recovery by growers remaining in the case is too remote to maintain the previously-recorded loss accrual. Therefore, the Company reversed the accrual on September 1, 2013. As for the remaining chicken grower claims, the bench trial relating to the allegations asserted by the plaintiffs from the Farmerville, Louisiana complex began on July 16, 2012. That bench trial concluded on August 2, 2012, but the Marshall Court postponed its ruling until the appeals process regarding the allegations asserted by the El Dorado growers was exhausted. The bench trial relating to the claims asserted by the plaintiffs from the Nacogdoches, Texas complex began on September 12, 2012, but was also postponed until the appeals process regarding the allegations asserted by the El Dorado growers was exhausted. The remaining bench trial for the plaintiffs from the De Queen and Batesville, Arkansas complexes was scheduled for October 29, 2012, but that trial date was canceled. Following the denial by the Supreme Court of the United States for a Writ of Certiorari related to the claims asserted by the plaintiffs from the El Dorado, Arkansas complex, the Marshall Court has requested briefing on the allegations asserted by the plaintiffs from the Farmerville, Louisiana complex and has scheduled trial proceedings for allegations asserted by the plaintiffs from the Nacogdoches complex on August 25, 2014 and allegations asserted by the plaintiffs from the De Queen and Batesville, Arkansas complexes on October 27, 2014. The Company intends to vigorously defend against these claims. Although the likelihood of financial loss related to the remaining growers' claims is no longer considered reasonably possible, there can be no assurances that financial loss related to the remaining growers' claims may not be incurred or that other similar claims may not be brought against the Company. The United States Department of Treasury, IRS filed an amended proof of claim in the Bankruptcy Court pursuant to which the IRS asserted claims that total $74.7 million. We entered into two Stipulations with the IRS on December 12, 2012 that accounted for approximately $29.3 million of the amended proof of claim and should result in no additional tax due. In connection with the remaining claim for approximately $45.4 million included in the amended proof of claim, we filed a petition in Tax Court on May 26, 2010 in response to a Notice of Deficiency that was issued to the Company as the successor in interest to Gold Kist. The Notice of Deficiency and the Tax Court proceeding relate to a loss that Gold Kist claimed for its tax year ended June 30, 2004. On December 11, 2013, the Tax Court issued its opinion in the Tax Court Case holding the loss that Gold Kist claimed for its tax year ended June 30, 2004 is capital in nature. On January 10, 2014, PPC filed both a Motion for Reconsideration and a Motion for Full Tax Court review of both its Motion for Reconsideration and any order issued in response to such motion. On March 10, 2014, the Tax Court denied both the Motion for Reconsideration and the Motion for Full Tax Court review. On April 14, 2014, the Company appealed the findings of fact and conclusions of law and decision concerning the post-judgment motions to the United States Fifth Circuit Court of Appeals. Upon the initial filing of the Gold Kist tax return for the year ended June 30, 2004, the Company assessed the likelihood that the position related to the proceeding would be sustained upon examination and determined that it met the recognition threshold and the full amount of benefit was recognized. We continue to believe the position is more likely than not of being sustained. If adversely determined, the outcome could have a material effect on the Company's operating results and financial position.

SUPPLEMENTAL GUARANTOR FINANCIAL INFORMATION

3 Months Ended

Mar. 30, 2014

SUPPLEMENTAL GUARANTOR FINANCIAL INFORMATION [Abstract]

SUPPLEMENTAL GUARANTOR FINANCIAL INFORMATION

17. SUPPLEMENTAL GUARANTOR FINANCIAL INFORMATION

On December 15, 2010, the Company sold the 2018 Notes. The 2018 Notes are unsecured obligations of the Company and are fully and unconditionally guaranteed on a senior unsecured basis by Pilgrim's Pride Corporation of West Virginia, Inc., a wholly owned subsidiary of the Company (the "Guarantor"). In accordance with Rule 3-10 of Regulation S-X promulgated under the Securities Act of 1933, the following condensed consolidating financial statements present the financial position, results of operations and cash flows of the Company (referred to as "Parent" for the purpose of this note only) on a Parent-only basis, the Guarantor on a Guarantor-only basis, the combined non-Guarantor subsidiaries and elimination entries necessary to arrive at the information for the Parent, the Guarantor and non-Guarantor subsidiaries on a consolidated basis. Investments in subsidiaries are accounted for by the Company using the equity method for this presentation.

The tables below present the condensed consolidating balance sheets as of March 30, 2014 and December 29, 2013, as well as the condensed consolidating statements of operations, comprehensive income and cash flows for the thirteen weeks ended March 30, 2014 and March 31, 2013 based on the guarantor structure.

CONDENSED CONSOLIDATING BALANCE SHEETS
March 30, 2014

				Subsidiary		Subsidiary			Eliminations/
	Parent			Guarantor		Non-Guarantors			Adjustments			Consolidation
		(In thousands)
Cash and cash equivalents	$	373,605		$	-	$	141,370		$	-		$	514,975
Investment in available-for-sale securities		37,005			-		-			-			37,005
Trade accounts and other receivables, less allowance for
doubtful accounts		328,375			1,409		43,825			-			373,609
Account receivable from JBS USA, LLC		3,220			-		-			-			3,220
Inventories		680,895			20,912		91,709			-			793,516
Income taxes receivable		13,596			-		7,626			(587	)		20,635
Current deferred tax assets		-			9,902		506			(8,181	)		2,227
Prepaid expenses and other current assets		45,413			260		27,241			-			72,914
Assets held for sale		5,849			-		-			-			5,849
Total current assets		1,487,958			32,483		312,277			(8,768	)		1,823,950
Intercompany receivable		(86,466	)		128,609		5			(42,148	)		-
Investment in subsidiaries		501,431			-		-			(501,431	)		-
Deferred tax assets		5,995			-		16,049			(5,995	)		16,049
Other long-lived assets		33,472			-		180,423			(180,000	)		33,895
Identified intangible assets, net		22,482			-		8,607			-			31,089
Property, plant and equipment, net		1,023,140			45,038		102,024			(4,768	)		1,165,434
Total assets	$	2,988,012		$	206,130	$	619,385		$	(743,110	)	$	3,070,417
Current maturities of long-term debt	$	205,357		$	-	$	-		$	-		$	205,357
Accounts payable		320,458			16,279		45,008			-			381,745
Account payable to JBS USA, LLC		6,144			-		-			-			6,144
Accrued expenses and other current liabilities		244,954			35,356		(4,580	)		-			275,730
Income taxes payable		-			-		587			(587	)		-
Current deferred tax liabilities		7,190			-		15,495			(7,190	)		15,495
Total current liabilities		784,103			51,635		56,510			(7,777	)		884,471
Long-term debt, less current maturities		527,077			-		-			(25,000	)		502,077
Intercompany payable		-			-		42,148			(42,148	)		-
Deferred tax liabilities		12,937			4,204		297			(6,986	)		10,452
Other long-term liabilities		84,135			-		3,293			-			87,428
Total liabilities		1,408,252			55,839		102,248			(81,911	)		1,484,428
Total Pilgrim's Pride Corporation stockholders'
equity		1,579,760			150,291		514,283			(661,199	)		1,583,135
Noncontrolling interest		-			-		2,854			-			2,854
Total stockholders' equity		1,579,760			150,291		517,137			(661,199	)		1,585,989
Total liabilities and stockholders' equity	$	2,988,012		$	206,130	$	619,385		$	(743,110	)	$	3,070,417

CONDENSED CONSOLIDATING BALANCE SHEETS
December 29, 2013

				Subsidiary		Subsidiary			Eliminations/
	Parent			Guarantor		Non-Guarantors			Adjustments			Consolidation
						(In thousands)
Cash and cash equivalents	$	413,092		$	-	$	95,114		$	-		$	508,206
Investment in available-for-sale securities		96,902			-		-			-			96,902
Trade accounts and other receivables, less
allowance for doubtful accounts		327,367			1,380		47,931			-			376,678
Account receivable from JBS USA, LLC		2,388			-		-			-			2,388
Inventories		696,604			20,215		92,013			-			808,832
Income taxes receivable		52,662			-		12,793			(587	)		64,868
Current deferred tax assets		3,213			5,698		506			(7,190	)		2,227
Prepaid expenses and other current assets		34,881			270		26,697			-			61,848
Assets held for sale		6,798			-		235			-			7,033
Total current assets		1,633,907			27,563		275,289			(7,777	)		1,928,982
Intercompany receivable		(64,772	)		114,707		-			(49,935	)		-
Investment in subsidiaries		472,431			-		-			(472,431	)		-
Deferred tax assets		5,995			-		18,924			(5,998	)		18,921
Other long-lived assets		37,282			-		182,881			(180,000	)		40,163
Identified intangible assets, net		23,463			-		9,062			-			32,525
Property, plant and equipment, net		1,009,711			44,643		102,221			(4,764	)		1,151,811
Total assets	$	3,118,017		$	186,913	$	588,377		$	(720,905	)	$	3,172,402
Current maturities of long-term debt	$	410,234		$	-	$	-		$	-		$	410,234
Accounts payable		308,154			12,711		49,495			-			370,360
Account payable to JBS USA, LLC		3,934			-		-			-			3,934
Accrued expenses and other current liabilities		269,062			33,821		(19,528	)		-			283,355
Income taxes payable		-			-		587			(587	)		-
Current deferred tax liabilities		7,190			-		15,515			(7,190	)		15,515
Total current liabilities		998,574			46,532		46,069			(7,777	)		1,083,398
Long-term debt, less current maturities		526,999			-		-			(25,000	)		501,999
Intercompany payable		-			-		49,935			(49,935	)		-
Deferred tax liabilities		13,944			5,698		297			(5,995	)		13,944
Other long-term liabilities		77,228			-		3,231			-			80,459
Total liabilities		1,616,745			52,230		99,532			(88,707	)		1,679,800
Total Pilgrim's Pride Corporation stockholders'
equity		1,501,272			134,683		486,061			(632,198	)		1,489,818
Noncontrolling interest		-			-		2,784			-			2,784
Total stockholders' equity		1,501,272			134,683		488,845			(632,198	)		1,492,602
Total liabilities and stockholders' equity	$	3,118,017		$	186,913	$	588,377		$	(720,905	)	$	3,172,402

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
Thirteen Weeks Ended March 30, 2014

				Subsidiary			Subsidiary			Eliminations/
	Parent			Guarantor			Non-Guarantors			Adjustments			Consolidation
	(In thousands)
Net sales	$	1,753,068		$	112,550		$	257,995		$	(105,548	)	$	2,018,065
Cost of sales		1,597,091			98,853			212,563			(105,548	)		1,802,959
Gross profit		155,977			13,697			45,432			-			215,106
Selling, general and administrative expense		38,575			1,238			5,388			-			45,201
Administrative restructuring charges		1,713			-			-			-			1,713
Operating income		115,689			12,459			40,044			-			168,192
Interest expense, net		19,325			(14	)		162			-			19,473
Interest income		(162	)		-			(649	)		-			(811	)
Foreign currency transaction losses		3			-			334			-			337
Miscellaneous, net		(2,641	)		1,645			(78	)		68			(1,006	)
Income before income taxes		99,164			10,828			40,275			(68	)		150,199
Income tax expense (benefit)		32,806			5,764			13,442			-			52,012
Income before equity in earnings of consolidated
subsidiaries		66,358			5,064			26,833			(68	)		98,187
Equity in earnings of consolidated subsidiaries		31,759			-			-			(31,759	)		-
Net income (loss)		98,117			5,064			26,833			(31,827	)		98,187
Less: Net loss attributable to noncontrolling interest		-			-			70			-			70
Net income (loss) attributable to Pilgrim's Pride
Corporation	$	98,117		$	5,064		$	26,763		$	(31,827	)	$	98,117

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
Thirteen Weeks Ended March 31, 2013

				Subsidiary		Subsidiary			Eliminations/
	Parent			Guarantor		Non-Guarantors			Adjustments			Consolidation
	(In thousands)
Net sales	$	1,769,794		$	75,660	$	259,199		$	(67,724	)	$	2,036,929
Cost of sales		1,704,798			66,934		214,487			(67,724	)		1,918,495
Gross profit		64,996			8,726		44,712			-			118,434
Selling, general and administrative expense		37,484			1,008		5,500			-			43,992
Administrative restructuring charges		484			-		-			-			484
Operating income		27,028			7,718		39,212			-			73,958
Interest expense, net		24,683			-		138			-			24,821
Interest income		(3	)		-		(213	)		-			(216	)
Foreign currency transaction losses		(10	)		-		(7,614	)		-			(7,624	)
Miscellaneous, net		(1,715	)		1,221		530			(41	)		(5	)
Income before income taxes		4,073			6,497		46,371			41			56,982
Income tax expense (benefit)		(5,871	)		1,969		6,656			-			2,754
Income before equity in earnings of consolidated
subsidiaries		9,944			4,528		39,715			41			54,228
Equity in earnings of consolidated subsidiaries		44,638			-		-			(44,638	)		-
Net income (loss)		54,582			4,528		39,715			(44,597	)		54,228
Less: Net loss attributable to noncontrolling interest		-			-		(354	)		-			(354	)
Net income (loss) attributable to Pilgrim's Pride
Corporation	$	54,582		$	4,528	$	40,069		$	(44,597	)	$	54,582

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME
Thirteen Weeks Ended March 30, 2014

				Subsidiary		Subsidiary		Eliminations/
	Parent			Guarantor		Non-Guarantors		Adjustments			Consolidation
	(In thousands)
Net income (loss)		98,117			5,064		26,833		(31,827	)		98,187
Other comprehensive loss:
Loss associated with available-for-sale
securities, net of tax		(36	)		-		-		-			(36	)
Loss associated with pension and other
postretirement benefits, net of tax		(5,786	)		-		-		-			(5,786	)
Total other comprehensive loss, net of tax		(5,822	)		-		-		-			(5,822	)
Comprehensive income (loss)		92,295			5,064		26,833		(31,827	)		92,365
Less: Comprehensive loss attributable to
noncontrolling interests		-			-		70		-			70
Comprehensive income (loss) attributable to
Pilgrim's Pride Corporation	$	92,295		$	5,064	$	26,763	$	(31,827	)	$	92,295

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME
Thirteen Weeks Ended March 31, 2013

			Subsidiary		Subsidiary			Eliminations/
	Parent		Guarantor		Non-Guarantors			Adjustments			Consolidation
	(In thousands)
Net income (loss)	$	54,582	$	4,528	$	39,715		$	(44,597	)	$	54,228
Other comprehensive income:
Gains associated with pension and other
postretirement benefits, net of tax		10,410		-		-			-			10,410
Total other comprehensive income, net of tax		10,410		-		-			-			10,410
Comprehensive income (loss)		64,992		4,528		39,715			(44,597	)		64,638
Less: Comprehensive loss attributable to
noncontrolling interests		-		-		(354	)		-			(354	)
Comprehensive income (loss) attributable to
Pilgrim's Pride Corporation	$	64,992	$	4,528	$	40,069		$	(44,597	)	$	64,992

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
Thirteen Weeks Ended March 30, 2014

				Subsidiary			Subsidiary			Eliminations/
	Parent			Guarantor			Non-Guarantors			Adjustments			Consolidation
	(In thousands)
Cash flows provided (used in) by operating activities	$	147,553		$	1,854		$	46,362		$	(68	)	$	195,701
Cash flows from investing activities:
Acquisitions of property, plant and equipment		(43,177	)		(1,854	)		(2,729	)		-			(47,760	)
Purchases of investment securities		(37,000	)		-			-			-			(37,000	)
Proceeds from sale or maturity of investment securities		96,950			-			-			-			96,950
Proceeds from property sales and disposals		1,100			-			411			-			1,511
Cash provided by (used in) investing activities		17,873			(1,854	)		(2,318	)		-			13,701
Cash flows from financing activities:
Payments on long-term debt		(204,913	)		-			-			-			(204,913	)
Other financing activities		-			-			(68	)		68			-
Cash provided by (used in) financing activities		(204,913	)		-			(68	)		68			(204,913	)
Effect of exchange rate changes on cash and cash equivalents		-			-			2,280			-			2,280
Increase (decrease) in cash and cash equivalents		(39,487	)		-			46,256			-			6,769
Cash and cash equivalents, beginning of period		413,092			-			95,114			-			508,206
Cash and cash equivalents, end of period	$	373,605		$	-		$	141,370		$	-		$	514,975

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
Thirteen Weeks Ended March 31, 2013

				Subsidiary			Subsidiary			Eliminations/
	Parent			Guarantor			Non-Guarantors			Adjustments			Consolidation
	(In thousands)
Cash flows provided (used in) by operating activities	$	30,076		$	1,445		$	(10,923	)	$	41		$	20,639
Cash flows from investing activities:
Acquisitions of property, plant and equipment		(21,547	)		(1,445	)		(2,786	)		-			(25,778	)
Proceeds from property sales and disposals		1,054			-			606			-			1,660
Cash used in investing activities		(20,493	)		(1,445	)		(2,180	)		-			(24,118	)
Cash flows from financing activities:
Proceeds from long-term debt		288,500			-			-			-			288,500
Payments on long-term debt		(311,005	)		-			-			-			(311,005	)
Other financing activities		-			-			41			(41	)		-
Cash provided by (used in) financing activities		(22,505	)		-			41			(41	)		(22,505	)
Effect of exchange rate changes on cash and cash equivalents		-			-			1,364			-			1,364
Increase (decrease) in cash and cash equivalents		(12,922	)		-			(11,698	)		-			(24,620	)
Cash and cash equivalents, beginning of period		27,657			-			40,523			-			68,180
Cash and cash equivalents, end of period	$	14,735		$	-		$	28,825		$	-		$	43,560

DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION (Policies)	3 Months Ended
	Mar. 30, 2014
DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION [Abstract]
Consolidated Financial Statements	Consolidated Financial Statements The accompanying unaudited consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the U.S. ("U.S. GAAP") for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X of the U.S. Securities and Exchange Commission ("SEC"). Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal and recurring adjustments unless otherwise disclosed) considered necessary for a fair presentation have been included. Operating results for the thirteen weeks ended March 30, 2014 are not necessarily indicative of the results that may be expected for the year ending December 28, 2014. For further information, refer to the consolidated financial statements and footnotes thereto included in the Company's Annual Report on Form 10-K for the year ended December 29, 2013. Pilgrim's operates on a 52/53-week fiscal year that ends on the Sunday falling on or before December 31. The reader should assume any reference we make to a particular year (for example, 2014) in the notes to these Condensed Consolidated Financial Statements applies to our fiscal year and not the calendar year. The Condensed Consolidated Financial Statements include the accounts of the Company and its majority-owned subsidiaries. We eliminate all significant affiliate accounts and transactions upon consolidation. The Company measures the financial statements of its Mexico subsidiaries as if the U.S. dollar were the functional currency. Accordingly, we remeasure assets and liabilities, other than non-monetary assets, of the Mexico subsidiaries at current exchange rates. We remeasure non-monetary assets using the historical exchange rate in effect on the date of each asset's acquisition. We remeasure income and expenses at average exchange rates in effect during the period. Currency exchange gains or losses are included in the line item Foreign currency transaction losses (gains) in the Condensed Consolidated Statements of Income.
Reportable Segment	Reportable Segment We operate in one reportable business segment, as a producer and seller of chicken products we either produce or purchase for resale.
Revenue Recognition	Revenue Recognition We recognize revenue when all of the following circumstances are satisfied: (i) persuasive evidence of an arrangement exists, (ii) price is fixed or determinable, (iii) collectability is reasonably assured and (iv) delivery has occurred. Delivery occurs in the period in which the customer takes title and assumes the risks and rewards of ownership of the products specified in the customer's purchase order or sales agreement. Revenue is recorded net of estimated incentive offerings including special pricing agreements, promotions and other volume-based incentives. Revisions to these estimates are charged back to net sales in the period in which the facts that give rise to the revision become known.
Book Overdraft	Book Overdraft The majority of the Company's disbursement bank accounts are zero balance accounts where cash needs are funded as checks are presented for payment by the holder. Checks issued pending clearance that result in overdraft balances for accounting purposes are classified as accounts payable and the change in the related balance is reflected in operating activities on the Condensed Consolidated Statements of Cash Flows.

- Definition

Disclosure of accounting policy for revenue recognition. If the entity has different policies for different types of revenue transactions, the policy for each material type of transaction is generally disclosed. If a sales transaction has multiple element arrangements (for example, delivery of multiple products, services or the rights to use assets) the disclosure may indicate the accounting policy for each unit of accounting as well as how units of accounting are determined and valued. The disclosure may encompass important judgment as to appropriateness of principles related to recognition of revenue. The disclosure also may indicate the entity's treatment of any unearned or deferred revenue that arises from the transaction.

+ References + Details

FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 30, 2014

FAIR VALUE MEASUREMENTS [Abstract]

Schedule of Assets and Liabilities Measured on a Recurring Basis

	March 30, 2014
	Level 1			Level 2		Level 3		Total
	(In thousands)
Short-term investments in available-for-sale securities	$	-		$	37,005	$	-	$	37,005
Derivative assets - commodity futures instruments		1,478			-		-		1,478
Derivative assets - commodity options instruments		-			1,698		-		1,698
Deferred compensation plan assets		6,874			-		-		6,874
Derivative liabilities - commodity futures instruments		(5,427	)		-		-		(5,427	)
Derivative liabilities - foreign currency instruments		(1,212	)		-		-		(1,212	)
Long-term debt and other borrowing arrangements:
Public bonds and notes		543,512			-		-		543,512
Term notes		-			-		215,182		215,182
Capitalized lease obligations		-			-		668		668

	December 29, 2013
	Level 1			Level 2		Level 3		Total
	(In thousands)
Short-term investments in available-for-sale securities	$	-		$	96,902	$	-	$	96,902
Derivative assets - commodity futures instruments		1,494			-		-		1,494
Derivative assets - commodity options instruments		-			1,395		-		1,395
Derivative assets - foreign currency instruments		1,214			-		-		1,214
Deferred compensation plan assets		7,208			-		-		7,208
Derivative liabilities - commodity futures instruments		(1,728	)		-		-		(1,728	)

Long-term debt and other borrowing arrangements:
Public bonds and notes		552,592			-		-		552,592
Term notes		-			-		424,650		424,650
Capitalized lease obligations		-			-		704		704

Schedule of Change in Value of Level 3 Liabilities

	Thirteen Weeks Ended
	Term Notes and Revolver						Capitalized Lease Obligations
	March 30, 2014			March 31, 2013			March 30, 2014			March 31, 2013
Change in Value of Level 3 Liabilities:	(In thousands)
Balance, beginning of period	$	424,650		$	686,435		$	704		$	880
Borrowings		-			292,400			-			-
Payments		(204,880	)		(314,874	)		(33	)		(30	)
Change in fair value inputs		(4,588	)		(14,795	)		(3	)		(8	)
Balance, end of period	$	215,182		$	649,166		$	668		$	842

Schedule of Carrying Amounts and Estimated Fair Values of Financial Assets and Liabilities

	March 30, 2014						December 29, 2013
	Carrying			Fair			Carrying			Fair			Note
	Amount			Value			Amount			Value			Reference
	(In thousands)
Short-term investments in available-for-sale securities	$	37,005		$	37,005		$	96,902		$	96,902		5
Derivative assets - commodity futures instruments		1,478			1,478			1,494			1,494		6
Derivative assets - commodity options instruments		1,698			1,698			1,395			1,395		6
Derivative assets - foreign currency instruments		-			-			1,214			1,214		6
Deferred compensation plan assets		6,874			6,874			7,208			7,208
Derivative liabilities - commodity futures instruments		(5,427	)		(5,427	)		(1,728	)		(1,728	)	6
Derivative liabilities - foreign currency instruments		(1,212	)		(1,212	)		-			-		6
Long-term debt and other borrowing arrangements		(707,434	)		(759,362	)		(912,233	)		(977,946	)	9

TRADE ACCOUNTS AND OTHER RECEIVABLES (Tables)

3 Months Ended

Mar. 30, 2014

TRADE ACCOUNTS AND OTHER RECEIVABLES [Abstract]

Schedule of Trade Accounts and Other Receivables

	March 30, 2014			December 29, 2013
	(In thousands)
Trade accounts receivable	$	366,283		$	369,715
Account receivable from JBS USA, LLC		3,220			2,388
Employee receivables		6			14
Other receivables		10,288			11,005
Receivables, gross		379,797			383,122
Allowance for doubtful accounts		(2,968	)		(4,056	)
Receivables, net	$	376,829		$	379,066

INVENTORIES (Tables)

3 Months Ended

Mar. 30, 2014

INVENTORIES [Abstract]

Schedule of Inventories

	March 30, 2014		December 29, 2013
	(In thousands)
Live chicken and hens	$	386,406	$	368,582
Feed, eggs and other		212,553		216,045
Finished chicken products		194,245		223,932
Total chicken inventories		793,204		808,559
Commercial feed and other		312		273
Total inventories	$	793,516	$	808,832

INVESTMENTS IN SECURITIES (Tables)

3 Months Ended

Mar. 30, 2014

INVESTMENTS IN SECURITIES [Abstract]

Schedule of Available-For-Sale Securities

	March 30, 2014				December 29, 2013
			Fair				Fair
	Amortized Cost		Value		Amortized Cost		Value
	(In thousands)
Cash equivalents:
Fixed income securities	$	162,290	$	162,291	$	103,121	$	103,124
Other		930		930		56		56
Short-term investments:
Fixed income securities	$	37,000	$	37,005	$	96,902	$	96,902

- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

+ References + Details

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Mar. 30, 2014

DERIVATIVE FINANCIAL INSTRUMENTS [Abstract]

Schedule of Outstanding Derivative Instruments and Cash Collateral

	March 30, 2014			December 29, 2013
	(Fair values in thousands)
Fair values:
Commodity derivative assets	$	3,176		$	2,889
Commodity derivative liabilities		(5,427	)		(1,728	)
Cash collateral posted with brokers		14,556			4,142
Foreign currency derivative assets		-			1,214
Foreign currency derivative liabilities		(1,212	)		-
Derivatives coverage^(a):
Corn		(3.8	)%		1.1	%
Soybean meal		(8.3	)%		(3.6	)%
Period through which stated percent of needs are covered:
Corn		September 2015			September 2015
Soybean meal		September 2014			July 2014

(a) Derivatives coverage is the percent of anticipated commodity needs covered by outstanding derivative instruments through a specified date.

PROPERTY, PLANT AND EQUIPMENT (Tables)

3 Months Ended

Mar. 30, 2014

PROPERTY, PLANT AND EQUIPMENT [Abstract]

Schedule of Property, Plant and Equipment

	March 30, 2014			December 29, 2013
	(In thousands)
Land	$	66,209		$	66,071
Buildings		1,080,500			1,077,859
Machinery and equipment		1,513,406			1,502,968
Autos and trucks		55,788			55,779
Construction-in-progress		95,753			66,926
PP&E, gross		2,811,656			2,769,603
Accumulated depreciation		(1,646,222	)		(1,617,792	)
PP&E, net	$	1,165,434		$	1,151,811

CURRENT LIABILITIES (Tables)

3 Months Ended

Mar. 30, 2014

CURRENT LIABILITIES [Abstract]

Schedule of Current Liabilities

	March 30, 2014		December 29, 2013
	(In thousands)
Accounts payable:
Trade accounts	$	333,833	$	313,266
Book overdrafts		46,100		55,378
Other payables		1,812		1,716
Total accounts payable		381,745		370,360
Accounts payable to JBS USA, LLC		6,144		3,934
Accrued expenses and other current liabilities:
Compensation and benefits		88,104		100,965
Interest and debt-related fees		17,285		7,558
Insurance and self-insured claims		94,366		99,244
Derivative liabilities:
Futures		6,638		1,729
Options		-		-
Other accrued expenses		69,337		73,859
Total accrued expenses and other current liabilities		275,730		283,355
	$	663,619	$	657,649

LONG-TERM DEBT AND OTHER BORROWING ARRANGEMENTS (Tables)

3 Months Ended

Mar. 30, 2014

LONG-TERM DEBT AND OTHER BORROWING ARRANGEMENTS [Abstract]

Schedule of Long-term Debt and Other Borrowing Arrangments

	Maturity	March 30, 2014			December 29, 2013
		(In thousands)
Senior notes, at 7 ⅞%, net of unaccreted discount	2018	$	497,871		$	497,757
U.S. Credit Facility (defined below):
The Exit Credit Facility Term B-1 note payable at
2.4375%	2014		-			204,880
The Exit Credit Facility Term B-2 note payable at
9.00%	2014		205,219			205,219
Other	Various		4,344			4,377
Long-term debt			707,434			912,233
Less: Current maturities of long-term debt			(205,357	)		(410,234	)
Long-term debt, less current maturities		$	502,077		$	501,999

PENSION AND OTHER POSTRETIREMENT BENEFITS (Tables)

3 Months Ended

Mar. 30, 2014

PENSION AND OTHER POSTRETIREMENT BENEFITS [Abstract]

Schedule of Net Defined Benefit Pension and Other Postretirement Costs

	Thirteen Weeks Ended
	March 30, 2014					March 31, 2013
	Pension Benefits			Other Benefits		Pension Benefits			Other Benefits
	(In thousands)
Service cost	$	-		$	-	$	10		$	-
Interest cost		2,026			20		1,988			20
Estimated return on plan assets		(1,593	)		-		(1,349	)		-
Amortization of net loss (gain)		14			-		250			-
Net costs	$	447		$	20	$	899		$	20

STOCKHOLDERS' EQUITY (Tables)

3 Months Ended

Mar. 30, 2014

STOCKHOLDERS' EQUITY [Abstract]

Schedule of Changes in Unrealized Actuarial Losses

										Thirteen Weeks
										Ended
	Thirteen Weeks Ended March 30, 2014^(a)									March 31, 2013^(a)
	Losses Related to			Unrealized						Losses Related to
	Pension and Other			Holding Gains on						Pension and Other
	Postretirement			Available-for-Sale						Postretirement
	Benefits			Securities			Total			Benefits
	(In thousands)
Balance, beginning of period	$	(45,797	)	$	62		$	(45,735	)	$	(68,511	)
Other comprehensive income (loss) before
reclassifications		(5,795	)		(11	)		(5,806	)		10,160
Amounts reclassified from accumulated other
comprehensive loss to net income		9			(25	)		(16	)		250
Net current period other comprehensive income (loss)		(5,786	)		(36	)		(5,822	)		10,410
Balance, end of period	$	(51,583	)	$	26		$	(51,557	)	$	(58,101	)

(a) All amounts are net of tax. Amounts in parentheses indicate debits to accumulated other comprehensive loss.

Schedule of Reclassification from Accumulated Other Comprehensive Loss

	Amount Reclassified from Accumulated
	Other Comprehensive Loss^(a)
	Thirteen Weeks			Thirteen Weeks
Details about Accumulated Other Comprehensive	Ended March 30,			Ended March 31,			Affected Line Item in the Condensed
Loss Components	2014			2013			Consolidated Statements of Operations
(In thousands)
Realized gain on sale of securities	$	40		$	-		Selling, general and administrative expense
Amortization of defined benefit pension and
other postretirement plan actuarial losses:
Union employees pension plan^(b)(d)		-			(9	)	Cost of sales
Legacy Gold Kist plans^(c)(d)		(14	)		(241	)	Selling, general and administrative expense
Total before tax		26			(250	)
Tax benefit (expense)		(10	)		-
Total reclassification for the period	$	16			(250	)

(a)	Amounts in parentheses represent debits to results of operations.
(b)	The Company sponsors the Pilgrim's Pride Retirement Plan for Union Employees (the "Union Plan"), a qualified defined benefit pension plan covering certain locations or work groups with collective bargaining agreements.
(c)	The Company sponsors the Pilgrim's Pride Plan for Legacy Gold Kist Employees, a qualified defined benefit pension plan covering certain eligible U.S. employees who were employed at locations that the Company purchased through its acquisition of Gold Kist in 2007, the Former Gold Kist Inc. Supplemental Executive Retirement Plan, a nonqualified defined benefit retirement plan covering certain former Gold Kist executives, the Former Gold Kist Inc. Directors' Emeriti Plan, a nonqualified defined benefit retirement plan covering certain former Gold Kist directors, and the Gold Kist Inc. Retiree Life Insurance Plan, a defined benefit postretirement life insurance plan covering certain retired Gold Kist employees (collectively, the "Legacy Gold Kist Plans").
(d)	These accumulated other comprehensive income components are included in the computation of net periodic pension cost. See "Note 11. Pension and Other Postretirement Benefits" to the Condensed Consolidated Financial Statements.

INCENTIVE COMPENSATION (Tables)

3 Months Ended

Mar. 30, 2014

INCENTIVE COMPENSATION [Abstract]

Schedule of Awards

Estimated

Award

Vesting

Forfeiture

Settlement

Type

Benefit Plan

Quantity

Grant Date

Condition

Vesting Date

Rate

Method

Employment

RSA

Agreement

100,000

January 14, 2011

Service

January 3, 2014

Stock

RSA

LTIP

72,675

August 27, 2012

Service

April 27, 2014

Stock

RSU

LTIP

608,561

February 4, 2013

Service

December 31, 2014

9.66

Stock

RSA

LTIP

15,000

February 25, 2013

Service

February 24, 2015

Stock

RSA

LTIP

15,000

February 25, 2013

Service

February 24, 2016

Stock

RSU

LTIP

206,933

February 26, 2013

Service

December 31, 2014

Stock

RSU

LTIP

462,518

February 19, 2014

Service

December 31, 2016

13.49

Stock

Schedule of Compensation Cost and Income Tax Benefit

	Thirteen Weeks Ended
	March 30, 2014		March 31, 2013
	(In thousands)
Share-based compensation cost:
Cost of sales	$	19	$	57
Selling, general and administrative expense		1,003		491
Total	$	1,022	$	548

Income tax benefit	$	275	$	126

Schedule of Restricted Share and Restricted Stock Unit Activity

	Thirteen Weeks Ended March 30, 2014				Thirteen Weeks Ended March 31, 2013
			Weighted Average				Weighted Average
	Number		Grant Date Fair Value		Number		Grant Date Fair Value
	(In thousands, except weighted average fair values)
RSAs:
Outstanding at beginning of period	203		$	6.59	273		$	6.54
Granted	-			-	30			8.72
Vested	(100	)		7.10	(100	)		7.10
Outstanding at end of period	103		$	6.09	203		$	6.59

RSUs:
Outstanding at beginning of period	729		$	8.81	-		$	-
Granted	462			16.70	815			8.820
Vested	-			-	-			-
Forfeited	(24	)		8.89	-			-
Outstanding at end of period	1,167		$	11.93	815		$	8.82

EXIT OR DISPOSAL ACTIVITIES (Tables)

3 Months Ended

Mar. 30, 2014

EXIT OR DISPOSAL ACTIVITIES [Abstract]

Schedule of Exit or Disposal Efforts

(In thousands, except positions eliminated)
Earliest implementation date	October 2008
Latest expected completion date	September 2014
Positions eliminated		3,052
Costs incurred and expected to be incurred:
Employee-related costs	$	3,016
Asset impairment costs		25,018
Inventory valuation costs		682
Live operations rationalization costs		15,207
Other exit or disposal costs		370
Total exit or disposal costs	$	44,293
Costs incurred since earliest implementation date:
Employee-related costs	$	3,016
Asset impairment costs		25,018
Inventory valuation costs		682
Live operations rationalization costs		14,723
Other exit or disposal costs		370
Total exit or disposal costs	$	43,809

	Thirteen Weeks Ended
	March 30, 2014		March 31, 2013
	(In thousands)
Employee-related costs	$	524	$	-
Inventory valuation costs		338		-
Live operations rationalization costs		481		484
Other exit or disposal costs		370		-
Total exit or disposal costs	$	1,713	$	484

Schedule of Accrued Exit or Disposal Cost Accounts Activity

	Accrued			Accrued
	Severance			Inventory Charges		Total
				(In thousands)
Balance at December 29, 2013	$	-		$	-	$	-
Accruals		524			141		665
Payment /Disposal		(243	)		-		(243	)
Adjustments		-			-		-
Balance at March 30, 2014	$	281		$	141	$	422

RELATED PARTY TRANSACTIONS (Tables)

3 Months Ended

Mar. 30, 2014

Schedule of Related Party Transactions

	Thirteen Weeks Ended
	March 30, 2014	March 31, 2013
	(In thousands)
JBS USA:
Letter of credit fees^(a)	335	592
JBS USA, LLC:
Purchases from JBS USA, LLC^(b)	24,989	14,834
Expenditures paid by JBS USA, LLC on behalf of Pilgrim's Pride Corporation^(c)	12,458	12,919
Sales to JBS USA, LLC^(b)	15,355	16,119
Expenditures paid by Pilgrim's Pride Corporation on behalf of JBS USA, LLC^(c)	533	458

(a)		Beginning on October 26, 2011, JBS USA arranged for letters of credit to be issued on its account in the amount of $56.5 million to an insurance company on our behalf in order to allow that insurance company to return cash it held as collateral against potential liability claims. We agreed to reimburse JBS USA up to $56.5 million for potential draws upon these letters of credit. We reimburse JBS USA for the letter of credit costs we would have otherwise incurred under our credit facilities. During 2014, we have paid JBS USA $0.3 million for letter of credit costs. As of March 30, 2014, the Company has accrued an obligation of $0.1 million to reimburse JBS USA for letter of credit costs incurred on its behalf.
(b)		We routinely execute transactions to both purchase products from JBS USA, LLC and sell products to them. As of March 30, 2014 and December 29, 2013, the outstanding payable to JBS USA, LLC was $6.1 million and $3.9 million, respectively. As of March 30, 2014 and December 29, 2013, the outstanding receivable from JBS USA, LLC was $3.2 million and $2.4 million, respectively. As of March 30, 2014, approximately $0.6 million of goods from JBS USA, LLC were in transit and not reflected on our Condensed Consolidated Balance Sheet.
(c)		On January 19, 2010, the Company entered into an agreement with JBS USA, LLC in order to allocate costs associated with JBS USA, LLC's procurement of SAP licenses and maintenance services for its combined companies. Under this agreement, the fees associated with procuring SAP licenses and maintenance services are allocated between the Company and JBS USA, LLC in proportion to the percentage of licenses used by each company. The agreement expires on the date of expiration, or earlier termination, of the underlying SAP license agreement. On May 5, 2010, the Company also entered into an agreement with JBS USA, LLC in order to allocate the costs of supporting the business operations by one consolidated corporate team, which have historically been supported by their respective corporate teams. Expenditures paid by JBS USA, LLC on behalf of the Company will be reimbursed by the Company and expenditures paid by the Company on behalf of JBS USA, LLC will be reimbursed by JBS USA, LLC. This agreement expires on May 5, 2015.

SUPPLEMENTAL GUARANTOR FINANCIAL INFORMATION (Tables)

3 Months Ended

Mar. 30, 2014

SUPPLEMENTAL GUARANTOR FINANCIAL INFORMATION [Abstract]

Schedule of Condensed Consolidating Balance Sheet

CONDENSED CONSOLIDATING BALANCE SHEETS
March 30, 2014

				Subsidiary		Subsidiary			Eliminations/
	Parent			Guarantor		Non-Guarantors			Adjustments			Consolidation
		(In thousands)
Cash and cash equivalents	$	373,605		$	-	$	141,370		$	-		$	514,975
Investment in available-for-sale securities		37,005			-		-			-			37,005
Trade accounts and other receivables, less allowance for
doubtful accounts		328,375			1,409		43,825			-			373,609
Account receivable from JBS USA, LLC		3,220			-		-			-			3,220
Inventories		680,895			20,912		91,709			-			793,516
Income taxes receivable		13,596			-		7,626			(587	)		20,635
Current deferred tax assets		-			9,902		506			(8,181	)		2,227
Prepaid expenses and other current assets		45,413			260		27,241			-			72,914
Assets held for sale		5,849			-		-			-			5,849
Total current assets		1,487,958			32,483		312,277			(8,768	)		1,823,950
Intercompany receivable		(86,466	)		128,609		5			(42,148	)		-
Investment in subsidiaries		501,431			-		-			(501,431	)		-
Deferred tax assets		5,995			-		16,049			(5,995	)		16,049
Other long-lived assets		33,472			-		180,423			(180,000	)		33,895
Identified intangible assets, net		22,482			-		8,607			-			31,089
Property, plant and equipment, net		1,023,140			45,038		102,024			(4,768	)		1,165,434
Total assets	$	2,988,012		$	206,130	$	619,385		$	(743,110	)	$	3,070,417
Current maturities of long-term debt	$	205,357		$	-	$	-		$	-		$	205,357
Accounts payable		320,458			16,279		45,008			-			381,745
Account payable to JBS USA, LLC		6,144			-		-			-			6,144
Accrued expenses and other current liabilities		244,954			35,356		(4,580	)		-			275,730
Income taxes payable		-			-		587			(587	)		-
Current deferred tax liabilities		7,190			-		15,495			(7,190	)		15,495
Total current liabilities		784,103			51,635		56,510			(7,777	)		884,471
Long-term debt, less current maturities		527,077			-		-			(25,000	)		502,077
Intercompany payable		-			-		42,148			(42,148	)		-
Deferred tax liabilities		12,937			4,204		297			(6,986	)		10,452
Other long-term liabilities		84,135			-		3,293			-			87,428
Total liabilities		1,408,252			55,839		102,248			(81,911	)		1,484,428
Total Pilgrim's Pride Corporation stockholders'
equity		1,579,760			150,291		514,283			(661,199	)		1,583,135
Noncontrolling interest		-			-		2,854			-			2,854
Total stockholders' equity		1,579,760			150,291		517,137			(661,199	)		1,585,989
Total liabilities and stockholders' equity	$	2,988,012		$	206,130	$	619,385		$	(743,110	)	$	3,070,417

CONDENSED CONSOLIDATING BALANCE SHEETS
December 29, 2013

				Subsidiary		Subsidiary			Eliminations/
	Parent			Guarantor		Non-Guarantors			Adjustments			Consolidation
						(In thousands)
Cash and cash equivalents	$	413,092		$	-	$	95,114		$	-		$	508,206
Investment in available-for-sale securities		96,902			-		-			-			96,902
Trade accounts and other receivables, less
allowance for doubtful accounts		327,367			1,380		47,931			-			376,678
Account receivable from JBS USA, LLC		2,388			-		-			-			2,388
Inventories		696,604			20,215		92,013			-			808,832
Income taxes receivable		52,662			-		12,793			(587	)		64,868
Current deferred tax assets		3,213			5,698		506			(7,190	)		2,227
Prepaid expenses and other current assets		34,881			270		26,697			-			61,848
Assets held for sale		6,798			-		235			-			7,033
Total current assets		1,633,907			27,563		275,289			(7,777	)		1,928,982
Intercompany receivable		(64,772	)		114,707		-			(49,935	)		-
Investment in subsidiaries		472,431			-		-			(472,431	)		-
Deferred tax assets		5,995			-		18,924			(5,998	)		18,921
Other long-lived assets		37,282			-		182,881			(180,000	)		40,163
Identified intangible assets, net		23,463			-		9,062			-			32,525
Property, plant and equipment, net		1,009,711			44,643		102,221			(4,764	)		1,151,811
Total assets	$	3,118,017		$	186,913	$	588,377		$	(720,905	)	$	3,172,402
Current maturities of long-term debt	$	410,234		$	-	$	-		$	-		$	410,234
Accounts payable		308,154			12,711		49,495			-			370,360
Account payable to JBS USA, LLC		3,934			-		-			-			3,934
Accrued expenses and other current liabilities		269,062			33,821		(19,528	)		-			283,355
Income taxes payable		-			-		587			(587	)		-
Current deferred tax liabilities		7,190			-		15,515			(7,190	)		15,515
Total current liabilities		998,574			46,532		46,069			(7,777	)		1,083,398
Long-term debt, less current maturities		526,999			-		-			(25,000	)		501,999
Intercompany payable		-			-		49,935			(49,935	)		-
Deferred tax liabilities		13,944			5,698		297			(5,995	)		13,944
Other long-term liabilities		77,228			-		3,231			-			80,459
Total liabilities		1,616,745			52,230		99,532			(88,707	)		1,679,800
Total Pilgrim's Pride Corporation stockholders'
equity		1,501,272			134,683		486,061			(632,198	)		1,489,818
Noncontrolling interest		-			-		2,784			-			2,784
Total stockholders' equity		1,501,272			134,683		488,845			(632,198	)		1,492,602
Total liabilities and stockholders' equity	$	3,118,017		$	186,913	$	588,377		$	(720,905	)	$	3,172,402

Schedule of Condensed Consolidating Statements of Operations

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
Thirteen Weeks Ended March 30, 2014

				Subsidiary			Subsidiary			Eliminations/
	Parent			Guarantor			Non-Guarantors			Adjustments			Consolidation
	(In thousands)
Net sales	$	1,753,068		$	112,550		$	257,995		$	(105,548	)	$	2,018,065
Cost of sales		1,597,091			98,853			212,563			(105,548	)		1,802,959
Gross profit		155,977			13,697			45,432			-			215,106
Selling, general and administrative expense		38,575			1,238			5,388			-			45,201
Administrative restructuring charges		1,713			-			-			-			1,713
Operating income		115,689			12,459			40,044			-			168,192
Interest expense, net		19,325			(14	)		162			-			19,473
Interest income		(162	)		-			(649	)		-			(811	)
Foreign currency transaction losses		3			-			334			-			337
Miscellaneous, net		(2,641	)		1,645			(78	)		68			(1,006	)
Income before income taxes		99,164			10,828			40,275			(68	)		150,199
Income tax expense (benefit)		32,806			5,764			13,442			-			52,012
Income before equity in earnings of consolidated
subsidiaries		66,358			5,064			26,833			(68	)		98,187
Equity in earnings of consolidated subsidiaries		31,759			-			-			(31,759	)		-
Net income (loss)		98,117			5,064			26,833			(31,827	)		98,187
Less: Net loss attributable to noncontrolling interest		-			-			70			-			70
Net income (loss) attributable to Pilgrim's Pride
Corporation	$	98,117		$	5,064		$	26,763		$	(31,827	)	$	98,117

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
Thirteen Weeks Ended March 31, 2013

				Subsidiary		Subsidiary			Eliminations/
	Parent			Guarantor		Non-Guarantors			Adjustments			Consolidation
	(In thousands)
Net sales	$	1,769,794		$	75,660	$	259,199		$	(67,724	)	$	2,036,929
Cost of sales		1,704,798			66,934		214,487			(67,724	)		1,918,495
Gross profit		64,996			8,726		44,712			-			118,434
Selling, general and administrative expense		37,484			1,008		5,500			-			43,992
Administrative restructuring charges		484			-		-			-			484
Operating income		27,028			7,718		39,212			-			73,958
Interest expense, net		24,683			-		138			-			24,821
Interest income		(3	)		-		(213	)		-			(216	)
Foreign currency transaction losses		(10	)		-		(7,614	)		-			(7,624	)
Miscellaneous, net		(1,715	)		1,221		530			(41	)		(5	)
Income before income taxes		4,073			6,497		46,371			41			56,982
Income tax expense (benefit)		(5,871	)		1,969		6,656			-			2,754
Income before equity in earnings of consolidated
subsidiaries		9,944			4,528		39,715			41			54,228
Equity in earnings of consolidated subsidiaries		44,638			-		-			(44,638	)		-
Net income (loss)		54,582			4,528		39,715			(44,597	)		54,228
Less: Net loss attributable to noncontrolling interest		-			-		(354	)		-			(354	)
Net income (loss) attributable to Pilgrim's Pride
Corporation	$	54,582		$	4,528	$	40,069		$	(44,597	)	$	54,582

Schedule of Condensed Consolidating Statements of Comprehensive Income

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME
Thirteen Weeks Ended March 30, 2014

				Subsidiary		Subsidiary		Eliminations/
	Parent			Guarantor		Non-Guarantors		Adjustments			Consolidation
	(In thousands)
Net income (loss)		98,117			5,064		26,833		(31,827	)		98,187
Other comprehensive loss:
Loss associated with available-for-sale
securities, net of tax		(36	)		-		-		-			(36	)
Loss associated with pension and other
postretirement benefits, net of tax		(5,786	)		-		-		-			(5,786	)
Total other comprehensive loss, net of tax		(5,822	)		-		-		-			(5,822	)
Comprehensive income (loss)		92,295			5,064		26,833		(31,827	)		92,365
Less: Comprehensive loss attributable to
noncontrolling interests		-			-		70		-			70
Comprehensive income (loss) attributable to
Pilgrim's Pride Corporation	$	92,295		$	5,064	$	26,763	$	(31,827	)	$	92,295

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME
Thirteen Weeks Ended March 31, 2013

			Subsidiary		Subsidiary			Eliminations/
	Parent		Guarantor		Non-Guarantors			Adjustments			Consolidation
	(In thousands)
Net income (loss)	$	54,582	$	4,528	$	39,715		$	(44,597	)	$	54,228
Other comprehensive income:
Gains associated with pension and other
postretirement benefits, net of tax		10,410		-		-			-			10,410
Total other comprehensive income, net of tax		10,410		-		-			-			10,410
Comprehensive income (loss)		64,992		4,528		39,715			(44,597	)		64,638
Less: Comprehensive loss attributable to
noncontrolling interests		-		-		(354	)		-			(354	)
Comprehensive income (loss) attributable to
Pilgrim's Pride Corporation	$	64,992	$	4,528	$	40,069		$	(44,597	)	$	64,992

Schedule of Condensed Consolidating Statements of Cash Flows

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
Thirteen Weeks Ended March 30, 2014

				Subsidiary			Subsidiary			Eliminations/
	Parent			Guarantor			Non-Guarantors			Adjustments			Consolidation
	(In thousands)
Cash flows provided (used in) by operating activities	$	147,553		$	1,854		$	46,362		$	(68	)	$	195,701
Cash flows from investing activities:
Acquisitions of property, plant and equipment		(43,177	)		(1,854	)		(2,729	)		-			(47,760	)
Purchases of investment securities		(37,000	)		-			-			-			(37,000	)
Proceeds from sale or maturity of investment securities		96,950			-			-			-			96,950
Proceeds from property sales and disposals		1,100			-			411			-			1,511
Cash provided by (used in) investing activities		17,873			(1,854	)		(2,318	)		-			13,701
Cash flows from financing activities:
Payments on long-term debt		(204,913	)		-			-			-			(204,913	)
Other financing activities		-			-			(68	)		68			-
Cash provided by (used in) financing activities		(204,913	)		-			(68	)		68			(204,913	)
Effect of exchange rate changes on cash and cash equivalents		-			-			2,280			-			2,280
Increase (decrease) in cash and cash equivalents		(39,487	)		-			46,256			-			6,769
Cash and cash equivalents, beginning of period		413,092			-			95,114			-			508,206
Cash and cash equivalents, end of period	$	373,605		$	-		$	141,370		$	-		$	514,975

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
Thirteen Weeks Ended March 31, 2013

				Subsidiary			Subsidiary			Eliminations/
	Parent			Guarantor			Non-Guarantors			Adjustments			Consolidation
	(In thousands)
Cash flows provided (used in) by operating activities	$	30,076		$	1,445		$	(10,923	)	$	41		$	20,639
Cash flows from investing activities:
Acquisitions of property, plant and equipment		(21,547	)		(1,445	)		(2,786	)		-			(25,778	)
Proceeds from property sales and disposals		1,054			-			606			-			1,660
Cash used in investing activities		(20,493	)		(1,445	)		(2,180	)		-			(24,118	)
Cash flows from financing activities:
Proceeds from long-term debt		288,500			-			-			-			288,500
Payments on long-term debt		(311,005	)		-			-			-			(311,005	)
Other financing activities		-			-			41			(41	)		-
Cash provided by (used in) financing activities		(22,505	)		-			41			(41	)		(22,505	)
Effect of exchange rate changes on cash and cash equivalents		-			-			1,364			-			1,364
Increase (decrease) in cash and cash equivalents		(12,922	)		-			(11,698	)		-			(24,620	)
Cash and cash equivalents, beginning of period		27,657			-			40,523			-			68,180
Cash and cash equivalents, end of period	$	14,735		$	-		$	28,825		$	-		$	43,560

DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION (Details)	3 Months Ended
	Mar. 30, 2014
DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION [Abstract]
Number of Countries in Which Entity Exports Products	100
Number of States in which Entity Operates	12
Number Of Employees Entity	35,700
Maximum Processing Capacity Of Employees Per Week	34,000,000
Maximum Annual Processing Capacity Of Employees	9,000,000,000
Number Of Contract Growers	3,750
Percentage Of Beneficial Ownership By Holding Company	75.50%

FAIR VALUE MEASUREMENTS (Schedule of Assets and Liabilities Measured on a Recurring Basis) (Details) - USD ($) $ in Thousands	Mar. 30, 2014	Dec. 29, 2013	Mar. 31, 2013	Dec. 30, 2012
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	$ 3,176	$ 2,889
Derivative liabilities, gross	(5,427)	(1,728)
Level 3 [Member] \| Term Notes and Revolver [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt and other borrowing arrangements	215,182	424,650	$ 649,166	$ 686,435
Level 3 [Member] \| Capital Lease Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt and other borrowing arrangements	668	704	$ 842	$ 880
Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments in available-for-sale securities	37,005	96,902
Deferred compensation plan assets	6,874	7,208
Fair Value, Measurements, Recurring [Member] \| Public Bonds and Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt and other borrowing arrangements	543,512	552,592
Fair Value, Measurements, Recurring [Member] \| Term Notes and Revolver [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt and other borrowing arrangements	215,182	424,650
Fair Value, Measurements, Recurring [Member] \| Capital Lease Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt and other borrowing arrangements	668	704
Fair Value, Measurements, Recurring [Member] \| Commodity Futures Instruments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	1,478	1,494
Derivative liabilities, gross	(5,427)	(1,728)
Fair Value, Measurements, Recurring [Member] \| Commodity Options Instruments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	1,698	1,395
Fair Value, Measurements, Recurring [Member] \| Foreign Currency Futures Instruments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets		1,214
Derivative liabilities, gross	(1,212)
Fair Value, Measurements, Recurring [Member] \| Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments in available-for-sale securities
Deferred compensation plan assets	6,874	7,208
Fair Value, Measurements, Recurring [Member] \| Level 1 [Member] \| Public Bonds and Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt and other borrowing arrangements	543,512	552,592
Fair Value, Measurements, Recurring [Member] \| Level 1 [Member] \| Term Notes and Revolver [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt and other borrowing arrangements
Fair Value, Measurements, Recurring [Member] \| Level 1 [Member] \| Capital Lease Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt and other borrowing arrangements
Fair Value, Measurements, Recurring [Member] \| Level 1 [Member] \| Commodity Futures Instruments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	1,478	1,494
Derivative liabilities, gross	(5,427)	(1,728)
Fair Value, Measurements, Recurring [Member] \| Level 1 [Member] \| Commodity Options Instruments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets
Fair Value, Measurements, Recurring [Member] \| Level 1 [Member] \| Foreign Currency Futures Instruments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets		1,214
Derivative liabilities, gross	(1,212)
Fair Value, Measurements, Recurring [Member] \| Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments in available-for-sale securities	37,005	96,902
Deferred compensation plan assets
Fair Value, Measurements, Recurring [Member] \| Level 2 [Member] \| Public Bonds and Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt and other borrowing arrangements
Fair Value, Measurements, Recurring [Member] \| Level 2 [Member] \| Term Notes and Revolver [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt and other borrowing arrangements
Fair Value, Measurements, Recurring [Member] \| Level 2 [Member] \| Capital Lease Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt and other borrowing arrangements
Fair Value, Measurements, Recurring [Member] \| Level 2 [Member] \| Commodity Futures Instruments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets
Derivative liabilities, gross
Fair Value, Measurements, Recurring [Member] \| Level 2 [Member] \| Commodity Options Instruments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	1,698	1,395
Fair Value, Measurements, Recurring [Member] \| Level 2 [Member] \| Foreign Currency Futures Instruments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets
Derivative liabilities, gross
Fair Value, Measurements, Recurring [Member] \| Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments in available-for-sale securities
Deferred compensation plan assets
Fair Value, Measurements, Recurring [Member] \| Level 3 [Member] \| Public Bonds and Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt and other borrowing arrangements
Fair Value, Measurements, Recurring [Member] \| Level 3 [Member] \| Term Notes and Revolver [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt and other borrowing arrangements	215,182	424,650
Fair Value, Measurements, Recurring [Member] \| Level 3 [Member] \| Capital Lease Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt and other borrowing arrangements	668	704
Fair Value, Measurements, Recurring [Member] \| Level 3 [Member] \| Commodity Futures Instruments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets
Derivative liabilities, gross
Fair Value, Measurements, Recurring [Member] \| Level 3 [Member] \| Commodity Options Instruments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets
Fair Value, Measurements, Recurring [Member] \| Level 3 [Member] \| Foreign Currency Futures Instruments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets
Derivative liabilities, gross

FAIR VALUE MEASUREMENTS (Schedule of Change in Value of Level 3 Liabilities) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2014	Mar. 31, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Borrowings		$ 288,500
Fair Value, Inputs, Level 3 [Member] \| Term Notes and Revolver [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Balance, beginning of period	424,650	686,435
Borrowings		292,400
Payments	(204,880)	(314,874)
Change in fair value inputs	(4,588)	(14,795)
Balance, end of period	215,182	649,166
Fair Value, Inputs, Level 3 [Member] \| Capital Lease Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Balance, beginning of period	704	880
Borrowings
Payments	(33)	(30)
Change in fair value inputs	(3)	(8)
Balance, end of period	$ 668	$ 842

FAIR VALUE MEASUREMENTS (Schedule of Carrying Amounts and Estimated Fair Values of Financial Assets and Liabilities) (Details) - USD ($) $ in Thousands	Mar. 30, 2014	Dec. 29, 2013
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative assets	$ 3,176	$ 2,889
Derivative liabilities, gross	(5,427)	(1,728)
Carrying Amount [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term investments in available-for-sale securities	37,005	96,902
Deferred compensation plan assets	6,874	7,208
Long-term debt and other borrowing arrangements	(707,434)	(912,233)
Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term investments in available-for-sale securities	37,005	96,902
Deferred compensation plan assets	6,874	7,208
Long-term debt and other borrowing arrangements	(759,362)	(977,946)
Commodity Futures Instruments [Member] \| Carrying Amount [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative assets	1,478	1,494
Derivative liabilities, gross	(5,427)	(1,728)
Commodity Futures Instruments [Member] \| Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative assets	1,478	1,494
Derivative liabilities, gross	(5,427)	(1,728)
Commodity Options Instruments [Member] \| Carrying Amount [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative assets	1,698	1,395
Commodity Options Instruments [Member] \| Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative assets	1,698	1,395
Foreign Currency Futures Instruments [Member] \| Carrying Amount [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative assets		1,214
Derivative liabilities, gross	(1,212)
Foreign Currency Futures Instruments [Member] \| Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative assets		1,214
Derivative liabilities, gross	$ (1,212)

TRADE ACCOUNTS AND OTHER RECEIVABLES (Details) - USD ($) $ in Thousands	Mar. 30, 2014	Dec. 29, 2013
TRADE ACCOUNTS AND OTHER RECEIVABLES [Abstract]
Trade accounts receivable	$ 366,283	$ 369,715
Account receivable from JBS USA, LLC	3,220	2,388
Employee receivables	6	14
Other receivables	10,288	11,005
Receivables, gross	379,797	383,122
Allowance for doubtful accounts	(2,968)	(4,056)
Receivables, net	$ 376,829	$ 379,066

INVENTORIES (Details) - USD ($) $ in Thousands	Mar. 30, 2014	Dec. 29, 2013
Inventory [Line Items]
Total inventories	$ 793,516	$ 808,832
Chicken Inventories Live Chicken and Hens [Member]
Inventory [Line Items]
Total inventories	386,406	368,582
Chicken Inventories Feed Eggs and Other [Member]
Inventory [Line Items]
Total inventories	212,553	216,045
Chicken Inventories Finished Chicken Products [Member]
Inventory [Line Items]
Total inventories	194,245	223,932
Chicken Inventories [Member]
Inventory [Line Items]
Total inventories	793,204	808,559
Commercial Feed Table Eggs and Other [Member]
Inventory [Line Items]
Total inventories	$ 312	$ 273

INVESTMENTS IN SECURITIES (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2014	Dec. 29, 2013
Realized gain on sale of securities	$ 83
Available For Sale Securities Current Investments [Member]
Fixed income securities, Amortized Cost	37,000	$ 96,902
Fixed income securities, Fair Value	37,005	96,902
Cash Equivalents [Member]
Fixed income securities, Amortized Cost	162,290	103,121
Fixed income securities, Fair Value	162,291	103,124
Other [Member]
Fixed income securities, Amortized Cost	930	56
Fixed income securities, Fair Value	$ 930	$ 56

DERIVATIVE FINANCIAL INSTRUMENTS (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2014	Mar. 31, 2013
DERIVATIVE FINANCIAL INSTRUMENTS [Abstract]
Net gains (losses) on derivative financial instruments	$ (8,000)	$ 4,900

DERIVATIVE FINANCIAL INSTRUMENTS (Schedule of Outstanding Derivative Instruments and Cash Collateral) (Details) - USD ($)
$ in Thousands

3 Months Ended

12 Months Ended

Mar. 30, 2014

Dec. 29, 2013

Fair values:

Commodity derivative assets, gross

$ 3,176

$ 2,889

Derivative liabilities, gross

(5,427)

(1,728)

Cash collateral posted with brokers

14,556

4,142

Foreign currency derivative assets, gross

1,214

Foreign currency derivative liabilities, gross

$ (1,212)

Corn [Member]

Derivatives Coverage:

Derivatives Coverage

^[1]

(3.80%)

1.10%

Period through which stated percent of needs are covered:

Derivative, Maturity Date

^[1]

Sep. 30, 2015

Soybean Meal [Member]

Derivatives Coverage:

Derivatives Coverage

^[1]

(8.30%)

(3.60%)

Period through which stated percent of needs are covered:

Derivative, Maturity Date

^[1]

Sep. 30, 2014

Jul. 31, 2014

[1]	Derivatives coverage is the percent of anticipated commodity needs covered by outstanding derivative instruments through a specified date.

PROPERTY, PLANT AND EQUIPMENT (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2014	Mar. 31, 2013	Dec. 29, 2013
PROPERTY, PLANT AND EQUIPMENT [Abstract]
Acquisitions of property, plant and equipment	$ 47,760	$ 25,778
Transfer of property, plant and equipment	28,800
Depreciation	33,200	33,800
Proceeds from property disposals	1,511	1,660
Gain on property disposals	(600)	1,100
Assets held for sale	5,849		$ 7,033
Idled asset accumulated depreciation	109,800
Idled asset property, plant and equipment gross	187,100
Idled assets property, plant and equipment, net	77,300
Loss on scrapped assets	$ (74)	$ (18)

PROPERTY, PLANT AND EQUIPMENT (Schedule of Property, Plant and Equipment) (Details) - USD ($) $ in Thousands	Mar. 30, 2014	Dec. 29, 2013
Property, Plant and Equipment [Line Items]
PP&E, gross	$ 2,811,656	$ 2,769,603
Accumulated depreciation	(1,646,222)	(1,617,792)
PP&E, net	1,165,434	1,151,811
Land [Member]
Property, Plant and Equipment [Line Items]
PP&E, gross	66,209	66,071
Building [Member]
Property, Plant and Equipment [Line Items]
PP&E, gross	1,080,500	1,077,859
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
PP&E, gross	1,513,406	1,502,968
Autos and trucks [Member]
Property, Plant and Equipment [Line Items]
PP&E, gross	55,788	55,779
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
PP&E, gross	$ 95,753	$ 66,926

CURRENT LIABILITIES (Details) - USD ($) $ in Thousands	Mar. 30, 2014	Dec. 29, 2013
Accounts payable:
Trade accounts	$ 333,833	$ 313,266
Book overdrafts	46,100	55,378
Other payables	1,812	1,716
Total accounts payable	381,745	370,360
Accounts payable to JBS USA, LLC	6,144	3,934
Accrued expenses and other current liabilities:
Compensation and benefits	88,104	100,965
Interest and debt-related fees	17,285	7,558
Insurance and self-insured claims	94,366	99,244
Derivative liabilities:
Other accrued expenses	69,337	73,859
Total accrued expenses and other current liabilities	275,730	283,355
Total accounts payable, accrued expenses and other current liabilities	663,619	657,649
Commodity Futures Instruments [Member]
Derivative liabilities:
Derivative liabilities	6,638	1,729
Commodity Options Instruments [Member]
Derivative liabilities:
Derivative liabilities

LONG-TERM DEBT AND OTHER BORROWING ARRANGEMENTS (Narrative) (Details) - USD ($) $ in Thousands	1 Months Ended		3 Months Ended	12 Months Ended
	Aug. 07, 2013	Dec. 28, 2009	Mar. 30, 2014	Dec. 29, 2013	Jun. 23, 2011
Debt Instrument [Line Items]
Long-term Debt			$ 707,434	$ 912,233
US and Puerto Rico Subsidiaries [Member]
Debt Instrument [Line Items]
Percentage Of Equity Interest Guaranteed For Debt			100.00%
Foreign Subsidiaries [Member]
Debt Instrument [Line Items]
Percentage Of Equity Interest Guaranteed For Debt			65.00%
Senior Notes [Member]
Debt Instrument [Line Items]
Long-term Debt			$ 497,871	497,757
Debt Instrument, Interest Rate, Stated Percentage			7.875%
Senior Subordinated and Unsecured Notes [Member]
Debt Instrument [Line Items]
Long-term Debt			$ 3,600
Debt Instrument, Interest Rate, Stated Percentage			8.375%
Senior Unsecured Notes One [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage			7.625%
Subordinated Loan [Member] \| JBS USA [Member]
Debt Instrument [Line Items]
Agreed Repayment Of Debt					$ 56,500
Revolving Credit Facility and Term B Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity			$ 1,850,000
Maturity date			Aug. 07, 2018
Us Credit Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity			$ 700,000
Line Of Credit Facility Feature To Increase Aggregate Revolving Loan Commitment			250,000
Payment of capitalized loan costs	$ 5,000	$ 50,000
Credit Facility Capital Expenditures			350,000
Delayed Draw Term Loan, Maximum Amount			400,000
Delayed Draw Term Loan, Increase in Maximum Amount			$ 500,000
Delayed Draw Term Loan, Percentage of Principal Outstanding			1.875%
Line Of Credit Sublimit Swingline Loans [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity			$ 100,000
Us Credit Facility Revolving Loan [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity			694,400
Line of Credit Facility, Current Borrowing Capacity			664,800
Us Credit Facility Letters Of Credit [Member]
Debt Instrument [Line Items]
Long-term Debt			29,600
Line of Credit Facility, Maximum Borrowing Capacity			200,000
Letter Of Credit [Member] \| JBS USA [Member]
Debt Instrument [Line Items]
Long-term Debt			100
Repayments of Lines of Credit			300
Credit Facility Availed			56,500
Loan Commitment Under Mexico Credit Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity			$ 42,600
Maturity date			Sep. 25, 2014
Term B Loan [Member]
Debt Instrument [Line Items]
Long-term Debt			$ 205,200
Line of Credit Facility, Maximum Borrowing Capacity			205,200
Repayments of Debt				$ 204,900
Agreed Repayment Of Debt			$ 205,200
Maturity date			Dec. 28, 2014

LONG-TERM DEBT AND OTHER BORROWING ARRANGEMENTS (Schedule of Long-term Debt and Other Borrowing Arrangments) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2014	Dec. 29, 2013
Debt Instrument [Line Items]
Long-term debt	$ 707,434	$ 912,233
Less: Current maturities of long-term debt	(205,357)	(410,234)
Long-term debt, less current maturities	$ 502,077	501,999
Senior Notes [Member]
Debt Instrument [Line Items]
Maturity	2018
Long-term debt	$ 497,871	497,757
Exit Credit Facility Term Note Payable B1 [Member]
Debt Instrument [Line Items]
Maturity	2014
Long-term debt		204,880
Exit Credit Facility Term Note Payable B2 [Member]
Debt Instrument [Line Items]
Maturity	2014
Long-term debt	$ 205,219	205,219
Other Long Term Debt [Member]
Debt Instrument [Line Items]
Maturity	Various
Long-term debt	$ 4,344	$ 4,377

INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended
INCOME TAXES (Details) - USD ($) $ in Thousands	Mar. 30, 2014	Mar. 31, 2013
INCOME TAXES [Abstract]
Income tax expense	$ 52,012	$ 2,754
Effective Income Tax Rate, Continuing Operations	34.60%	4.80%
Gain (loss) associated with pension and other postretirement benefits, tax	$ 3,509

PENSION AND OTHER POSTRETIREMENT BENEFITS (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2014	Mar. 31, 2013
PENSION AND OTHER POSTRETIREMENT BENEFITS [Abstract]
Pension and Other Postretirement Benefit Expense	$ 1,500	$ 1,900
Pension and Other Postretirement Benefit Contributions	$ 1,600

PENSION AND OTHER POSTRETIREMENT BENEFITS (Schedule of Net Defined Benefit Pension and Other Postretirement Costs) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2014	Mar. 31, 2013
Pension Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost		$ 10
Interest cost	2,026	1,988
Estimated return on plan assets	(1,593)	(1,349)
Amortization of net loss (gain)	14	250
Net costs	447	899
Other Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost
Interest cost	20	20
Estimated return on plan assets
Amortization of net loss (gain)
Net costs	$ 20	$ 20

STOCKHOLDERS' EQUITY (Schedule of Changes in Unrealized Actuarial Losses) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2014	Mar. 31, 2013
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance, beginning of period	$ (45,735)
Other comprehensive income (loss) before reclassifications	(5,806)
Amounts reclassified from accumulated other comprehensive loss to net income	(16)
Net current period other comprehensive income (loss)	(5,822)	$ 10,410
Balance, end of period	(51,557)
Losses Related to Pension and Other Postretirement Benefits [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance, beginning of period	(45,797)	(68,511)
Other comprehensive income (loss) before reclassifications	(5,795)	10,160
Amounts reclassified from accumulated other comprehensive loss to net income	9	250
Net current period other comprehensive income (loss)	(5,786)	10,410
Balance, end of period	(51,583)	$ (58,101)
Unrealized Holding Gains on Available-for-Sale Securities [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance, beginning of period	62
Other comprehensive income (loss) before reclassifications	(11)
Amounts reclassified from accumulated other comprehensive loss to net income	(25)
Net current period other comprehensive income (loss)	(36)
Balance, end of period	$ 26

- Definition

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

+ References + Details

STOCKHOLDERS' EQUITY (Schedule of Reclassification from Accumulated Other Comprehensive Loss) (Details) - USD ($)
$ in Thousands

3 Months Ended

Mar. 30, 2014

Mar. 31, 2013

Amortization of defined benefit pension and other postretirement plan actuarial losses:

Total reclassification for the period

$ (16)

Amount Reclassified from Accumulated Other Comprehensive Loss [Member]

Amortization of defined benefit pension and other postretirement plan actuarial losses:

Total before tax

$ (250)

Tax benefit (expense)

(10)

Total reclassification for the period

(250)

Realized gain on sale of securities

Amount Reclassified from Accumulated Other Comprehensive Loss [Member] | Union Plan [Member]

Amortization of defined benefit pension and other postretirement plan actuarial losses:

Total before tax

^[1],[2]

(9)

Amount Reclassified from Accumulated Other Comprehensive Loss [Member] | Legacy Gold Kist Plans [Member]

Amortization of defined benefit pension and other postretirement plan actuarial losses:

Total before tax

^[2],[3]

$ (14)

$ (241)

[1]	The Company sponsors the Pilgrim's Pride Retirement Plan for Union Employees (the "Union Plan"), a qualified defined benefit pension plan covering certain locations or work groups with collective bargaining agreements.
[2]	These accumulated other comprehensive income components are included in the computation of net periodic pension cost. See "Note 11. Pension and Other Postretirement Benefits" to the Condensed Consolidated Financial Statements.
[3]	The Company sponsors the Pilgrim's Pride Plan for Legacy Gold Kist Employees, a qualified defined benefit pension plan covering certain eligible U.S. employees who were employed at locations that the Company purchased through its acquisition of Gold Kist in 2007, the Former Gold Kist Inc. Supplemental Executive Retirement Plan, a nonqualified defined benefit retirement plan covering certain former Gold Kist executives, the Former Gold Kist Inc. Directors' Emeriti Plan, a nonqualified defined benefit retirement plan covering certain former Gold Kist directors , and the Gold Kist Inc. Retiree Life Insurance Plan, a defined benefit postretirement life insurance plan covering certain retired Gold Kist employees (collectively, the "Legacy Gold Kist Plans").

INCENTIVE COMPENSATION (Narrative) (Details) $ in Thousands	3 Months Ended
INCENTIVE COMPENSATION (Narrative) (Details) $ in Thousands	Mar. 30, 2014 USD ($) shares
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total unrecognized compensation cost related to all nonvested awards	$ 11,100
Weighted average period unrecognized compensation cost is expected to be recognized	2 years 1 month 6 days
Incentive Plan [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Accrued in costs related to the STIP	$ 2,900
Reserved shares of common stock for future issuance under the LTIP \| shares	6,600,000

INCENTIVE COMPENSATION (Schedule of Awards) (Details)	3 Months Ended
INCENTIVE COMPENSATION (Schedule of Awards) (Details)	Mar. 30, 2014 shares
RSA 1 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award Quantity	100,000
Grant Date	Jan. 14, 2011
Vesting Date	Jan. 03, 2014
Estimated Forfeiture Rate	0.00%
RSA 2 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award Quantity	72,675
Grant Date	Aug. 27, 2012
Vesting Date	Apr. 27, 2014
Estimated Forfeiture Rate	0.00%
RSU 1 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award Quantity	608,561
Grant Date	Feb. 04, 2013
Vesting Date	Dec. 31, 2014
Estimated Forfeiture Rate	9.66%
RSA 3 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award Quantity	15,000
Grant Date	Feb. 25, 2013
Vesting Date	Feb. 24, 2015
Estimated Forfeiture Rate	0.00%
RSA 4 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award Quantity	15,000
Grant Date	Feb. 25, 2013
Vesting Date	Feb. 24, 2016
Estimated Forfeiture Rate	0.00%
RSU 2 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award Quantity	206,933
Grant Date	Feb. 26, 2013
Vesting Date	Dec. 31, 2014
Estimated Forfeiture Rate	0.00%
RSU 3 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award Quantity	462,518
Grant Date	Feb. 19, 2014
Vesting Date	Dec. 31, 2016
Estimated Forfeiture Rate	13.49%

INCENTIVE COMPENSATION (Schedule of Compensation Cost and Income Tax Benefit) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2014	Mar. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation costs	$ 1,022	$ 548
Income tax benefit	275	126
Cost of goods sold [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation costs	19	57
Selling, general and administrative expenses [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation costs	$ 1,003	$ 491

INCENTIVE COMPENSATION (Schedule of Restricted Share and Restricted Stock Unit Activity) (Details) - $ / shares shares in Thousands	3 Months Ended
	Mar. 30, 2014	Mar. 31, 2013
Restricted Stock Awards (RSA) [Member]
Number
Outstanding at beginning of period	203	273
Granted		30
Vested	(100)	(100)
Outstanding at end of period	103	203
Weighted-Average Exercise Price
Outstanding at beginning of period	$ 6.59	$ 6.54
Granted	0.00	8.72
Vested	7.10	7.10
Outstanding at end of period	$ 6.09	$ 6.59
Restricted Stock Units (RSU) [Member]
Number
Outstanding at beginning of period	729
Granted	462	815
Vested
Forfeited	(24)
Outstanding at end of period	1,167	815
Weighted-Average Exercise Price
Outstanding at beginning of period	$ 8.81	$ 0.00
Granted	16.70	8.82
Vested	0.00	0.00
Forfeited	8.89	0.00
Outstanding at end of period	$ 11.93	$ 8.82

EXIT OR DISPOSAL ACTIVITIES (Schedule of Exit or Disposal Efforts) (Details) $ in Thousands	3 Months Ended
	Mar. 30, 2014 USD ($)	Mar. 31, 2013 USD ($)
Restructuring Cost and Reserve [Line Items]
Earliest implementation date	Oct. 31, 2008
Latest expected completion date	Sep. 30, 2014
Positions eliminated	3,052
Costs incurred and expected to be incurred:
Employee-related costs	$ 3,016
Asset impairment costs	25,018
Inventory valuation costs	682
Live operations rationalization costs	15,207
Other exit or disposal costs	370
Total exit or disposal costs	44,293
Costs incurred since earliest implementation date:
Employee-related costs	3,016
Asset impairment costs	25,018
Inventory valuation costs	682
Live operations rationalization costs	14,723
Other exit or disposal costs	370
Total exit or disposal costs	43,809
Additional Data One [Member]
Costs incurred and expected to be incurred:
Employee-related costs	524
Inventory valuation costs	338
Live operations rationalization costs	481	484
Other exit or disposal costs	370
Total exit or disposal costs	$ 1,713	$ 484

EXIT OR DISPOSAL ACTIVITIES (Schedule of Accrued Exit or Disposal Cost Accounts Activity) (Details) $ in Thousands	3 Months Ended
	Mar. 30, 2014 USD ($)
Restructuring Cost and Reserve [Line Items]
Balance
Accruals	665
Payment/Disposal	(243)
Adjustments
Balance	422
Accrued Severance [Member]
Restructuring Cost and Reserve [Line Items]
Balance
Accruals	524
Payment/Disposal	(243)
Adjustments
Balance	281
Accrued Inventory [Member]
Restructuring Cost and Reserve [Line Items]
Balance
Accruals	141
Payment/Disposal
Adjustments
Balance	$ 141

RELATED PARTY TRANSACTIONS (Narrative) (Details) - USD ($)
$ in Thousands

3 Months Ended

Mar. 30, 2014

Mar. 31, 2013

Dec. 29, 2013

Oct. 26, 2011

Jun. 23, 2011

Percentage Of Beneficial Ownership By Holding Company

75.50%

Accounts payable to JBS USA, LLC

$ 6,144

$ 3,934

Accounts receivable from JBS USA, LLC

3,220

$ 2,388

JBS USA, LLC [Member]

Other Inventory, in Transit, Gross

600

^[1]

12,458

$ 12,919

JBS USA, LLC [Member] | Letter Of Credit [Member]

Debt Instrument, Face Amount

$ 56,500

Agreed Repayment Of Debt

$ 56,500

Accounts payable to JBS USA, LLC

100

Repayments of Lines of Credit

$ 300

JBS USA [Member] | Subordinated Loan [Member]

Agreed Repayment Of Debt

$ 56,500

[1]

On January 19, 2010, the Company entered into an agreement with JBS USA, LLC in order to allocate costs associated with JBS USA, LLC's procurement of SAP licenses and maintenance services for its combined companies. Under this agreement, the fees associated with procuring SAP licenses and maintenance services are allocated between the Company and JBS USA, LLC in proportion to the percentage of licenses used by each company. The agreement expires on the date of expiration, or earlier termination, of the underlying SAP license agreement. On May 5, 2010, the Company also entered into an agreement with JBS USA, LLC in order to allocate the costs of supporting the business operations by one consolidated corporate team, which have historically been supported by their respective corporate teams. Expenditures paid by JBS USA, LLC on behalf of the Company will be reimbursed by the Company and expenditures paid by the Company on behalf of JBS USA, LLC will be reimbursed by JBS USA, LLC. This agreement expires on May 5, 2015.

RELATED PARTY TRANSACTIONS (Schedule of Related Party Transactions) (Details) - USD ($)
$ in Thousands

3 Months Ended

Mar. 30, 2014

Mar. 31, 2013

JBS USA [Member]

Related party interest

^[1]

$ 335

$ 592

JBS USA, LLC [Member]

Purchases from related parties

^[2]

24,989

14,834

^[3]

12,458

12,919

Sales to related party

^[2]

15,355

16,119

JBS USA, LLC [Member] | Expenses Paid By Company On Behalf Of Related Party [Member]

^[3]

$ 533

$ 458

[1]	Beginning on October 26, 2011, JBS USA arranged for letters of credit to be issued on its account in the amount of $56.5 million to an insurance company on our behalf in order to allow that insurance company to return cash it held as collateral against potential liability claims. We agreed to reimburse JBS USA up to $56.5 million for potential draws upon these letters of credit. We reimburse JBS USA for the letter of credit costs we would have otherwise incurred under our credit facilities. During 2014, we have paid JBS USA $0.3 million for letter of credit costs. As of March 30, 2014, the Company has accrued an obligation of $0.1 million to reimburse JBS USA for letter of credit costs incurred on its behalf.
[2]	We routinely execute transactions to both purchase products from JBS USA, LLC and sell products to them. As of March 30, 2014 and December 29, 2013, the outstanding payable to JBS USA, LLC was $6.1 million and $3.9 million, respectively. As of March 30, 2014 and December 29, 2013, the outstanding receivable from JBS USA, LLC was $3.2 million and $2.4 million, respectively. As of March 30, 2014, approximately $0.6 million of goods from JBS USA, LLC were in transit and not reflected on our Condensed Consolidated Balance Sheet.
[3]	On January 19, 2010, the Company entered into an agreement with JBS USA, LLC in order to allocate costs associated with JBS USA, LLC's procurement of SAP licenses and maintenance services for its combined companies. Under this agreement, the fees associated with procuring SAP licenses and maintenance services are allocated between the Company and JBS USA, LLC in proportion to the percentage of licenses used by each company. The agreement expires on the date of expiration, or earlier termination, of the underlying SAP license agreement. On May 5, 2010, the Company also entered into an agreement with JBS USA, LLC in order to allocate the costs of supporting the business operations by one consolidated corporate team, which have historically been supported by their respective corporate teams. Expenditures paid by JBS USA, LLC on behalf of the Company will be reimbursed by the Company and expenditures paid by the Company on behalf of JBS USA, LLC will be reimbursed by JBS USA, LLC. This agreement expires on May 5, 2015.

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Thousands	1 Months Ended				3 Months Ended
	Dec. 12, 2012	Dec. 31, 2011	Sep. 30, 2011	May 31, 2010	Mar. 30, 2014
ERISA Litigation [Member] \| Minimum [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value					$ 35,000
Due To Internal Revenue Service [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	$ 29,300			$ 74,700
Due To Internal Revenue Service [Member] \| Proceeding Accounts [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value					$ 45,400
Due To Internal Revenue Service [Member] \| Loss Contingencies Awarded Original Value [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Awarded, Value			$ 25,800
Due To Internal Revenue Service [Member] \| Loss Contingencies Awarded Revised Value [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Awarded, Value		$ 25,600

SUPPLEMENTAL GUARANTOR FINANCIAL INFORMATION (CONDENSED CONSOLIDATING BALANCE SHEETS) (Details) - USD ($) $ in Thousands	Mar. 30, 2014	Dec. 29, 2013	Mar. 31, 2013	Dec. 30, 2012
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	$ 514,975	$ 508,206	$ 43,560	$ 68,180
Investment in available-for-sale securities	37,005	96,902
Trade accounts and other receivables, less allowance for doubtful accounts	373,609	376,678
Account receivable from JBS USA, LLC	3,220	2,388
Inventories	793,516	808,832
Income taxes receivable	20,635	64,868
Current deferred tax assets	2,227	2,227
Prepaid expenses and other current assets	72,914	61,848
Assets held for sale	5,849	7,033
Total current assets	1,823,950	1,928,982
Deferred tax assets	16,049	18,921
Other long-lived assets	33,895	40,163
Identified intangible assets, net	31,089	32,525
Property, plant and equipment, net	1,165,434	1,151,811
Total assets	3,070,417	3,172,402
Current maturities of long-term debt	205,357	410,234
Accounts payable	381,745	370,360
Accounts payable to JBS USA, LLC	6,144	3,934
Accrued expenses and other current liabilities	275,730	283,355
Current deferred tax liabilities	15,495	15,515
Total current liabilities	884,471	1,083,398
Long-term debt, less current maturities	502,077	501,999
Deferred tax liabilities	10,452	13,944
Other long-term liabilities	87,428	80,459
Total liabilities	1,484,428	1,679,800
Total Pilgrim's Pride Corporation stockholders' equity	1,583,135	1,489,818
Noncontrolling interest	2,854	2,784
Total stockholders' equity	1,585,989	1,492,602	974,183	908,997
Total liabilities and stockholders' equity	3,070,417	3,172,402
Consolidation, Eliminations [Member]
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents
Investment in available-for-sale securities
Trade accounts and other receivables, less allowance for doubtful accounts
Account receivable from JBS USA, LLC
Inventories
Income taxes receivable	(587)	(587)
Current deferred tax assets	(8,181)	(7,190)
Prepaid expenses and other current assets
Assets held for sale
Total current assets	(8,768)	(7,777)
Intercompany receivable	(42,148)	(49,935)
Investment in subsidiaries	(501,431)	(472,431)
Deferred tax assets	(5,995)	(5,998)
Other long-lived assets	(180,000)	(180,000)
Identified intangible assets, net
Property, plant and equipment, net	(4,768)	(4,764)
Total assets	(743,110)	(720,905)
Current maturities of long-term debt
Accounts payable
Accounts payable to JBS USA, LLC
Accrued expenses and other current liabilities
Income taxes payable	(587)	(587)
Current deferred tax liabilities	(7,190)	(7,190)
Total current liabilities	(7,777)	(7,777)
Long-term debt, less current maturities	(25,000)	(25,000)
Intercompany payable	(42,148)	(49,935)
Deferred tax liabilities	(6,986)	(5,995)
Other long-term liabilities
Total liabilities	(81,911)	(88,707)
Total Pilgrim's Pride Corporation stockholders' equity	(661,199)	(632,198)
Noncontrolling interest
Total stockholders' equity	(661,199)	(632,198)
Total liabilities and stockholders' equity	(743,110)	(720,905)
Parent Company [Member]
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	373,605	413,092	14,735	27,657
Investment in available-for-sale securities	37,005	96,902
Trade accounts and other receivables, less allowance for doubtful accounts	328,375	327,367
Account receivable from JBS USA, LLC	3,220	2,388
Inventories	680,895	696,604
Income taxes receivable	13,596	52,662
Current deferred tax assets		3,213
Prepaid expenses and other current assets	45,413	34,881
Assets held for sale	5,849	6,798
Total current assets	1,487,958	1,633,907
Intercompany receivable	(86,466)	(64,772)
Investment in subsidiaries	501,431	472,431
Deferred tax assets	5,995	5,995
Other long-lived assets	33,472	37,282
Identified intangible assets, net	22,482	23,463
Property, plant and equipment, net	1,023,140	1,009,711
Total assets	2,988,012	3,118,017
Current maturities of long-term debt	205,357	410,234
Accounts payable	320,458	308,154
Accounts payable to JBS USA, LLC	6,144	3,934
Accrued expenses and other current liabilities	244,954	269,062
Income taxes payable
Current deferred tax liabilities	7,190	7,190
Total current liabilities	784,103	998,574
Long-term debt, less current maturities	527,077	526,999
Intercompany payable
Deferred tax liabilities	12,937	13,944
Other long-term liabilities	84,135	77,228
Total liabilities	1,408,252	1,616,745
Total Pilgrim's Pride Corporation stockholders' equity	1,579,760	1,501,272
Noncontrolling interest
Total stockholders' equity	1,579,760	1,501,272
Total liabilities and stockholders' equity	2,988,012	3,118,017
Guarantor Subsidiaries [Member]
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents
Investment in available-for-sale securities
Trade accounts and other receivables, less allowance for doubtful accounts	1,409	1,380
Account receivable from JBS USA, LLC
Inventories	20,912	20,215
Income taxes receivable
Current deferred tax assets	9,902	5,698
Prepaid expenses and other current assets	260	270
Assets held for sale
Total current assets	32,483	27,563
Intercompany receivable	128,609	114,707
Investment in subsidiaries
Deferred tax assets
Other long-lived assets
Identified intangible assets, net
Property, plant and equipment, net	45,038	44,643
Total assets	206,130	186,913
Current maturities of long-term debt
Accounts payable	16,279	12,711
Accounts payable to JBS USA, LLC
Accrued expenses and other current liabilities	35,356	33,821
Income taxes payable
Current deferred tax liabilities
Total current liabilities	51,635	46,532
Long-term debt, less current maturities
Intercompany payable
Deferred tax liabilities	4,204	5,698
Other long-term liabilities
Total liabilities	55,839	52,230
Total Pilgrim's Pride Corporation stockholders' equity	150,291	134,683
Noncontrolling interest
Total stockholders' equity	150,291	134,683
Total liabilities and stockholders' equity	206,130	186,913
Non-Guarantor Subsidiaries [Member]
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	141,370	95,114	$ 28,825	$ 40,523
Investment in available-for-sale securities
Trade accounts and other receivables, less allowance for doubtful accounts	43,825	47,931
Account receivable from JBS USA, LLC
Inventories	91,709	92,013
Income taxes receivable	7,626	12,793
Current deferred tax assets	506	506
Prepaid expenses and other current assets	27,241	26,697
Assets held for sale		235
Total current assets	312,277	275,289
Intercompany receivable	5
Investment in subsidiaries
Deferred tax assets	16,049	18,924
Other long-lived assets	180,423	182,881
Identified intangible assets, net	8,607	9,062
Property, plant and equipment, net	102,024	102,221
Total assets	619,385	588,377
Current maturities of long-term debt
Accounts payable	45,008	49,495
Accounts payable to JBS USA, LLC
Accrued expenses and other current liabilities	(4,580)	(19,528)
Income taxes payable	587	587
Current deferred tax liabilities	15,495	15,515
Total current liabilities	56,510	46,069
Long-term debt, less current maturities
Intercompany payable	42,148	49,935
Deferred tax liabilities	297	297
Other long-term liabilities	3,293	3,231
Total liabilities	102,248	99,532
Total Pilgrim's Pride Corporation stockholders' equity	514,283	486,061
Noncontrolling interest	2,854	2,784
Total stockholders' equity	517,137	488,845
Total liabilities and stockholders' equity	$ 619,385	$ 588,377

SUPPLEMENTAL GUARANTOR FINANCIAL INFORMATION (CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2014	Mar. 31, 2013
Condensed Income Statements, Captions [Line Items]
Net sales	$ 2,018,065	$ 2,036,929
Cost of sales	1,802,959	1,918,495
Gross profit	215,106	118,434
Selling, general and administrative expense	45,201	43,992
Administrative restructuring charges	1,713	484
Operating income	168,192	73,958
Interest expense, net	19,473	24,821
Interest income	(811)	(216)
Foreign currency transaction loss (gain)	337	(7,624)
Miscellaneous, net	(1,006)	(5)
Income before income taxes	150,199	56,982
Income tax expense	52,012	2,754
Income (loss) before equity in earnings of consolidated subsidiaries	98,187	54,228
Equity in earnings of consolidated subsidiaries
Net income	98,187	54,228
Less: Net income attributable to noncontrolling interest	70	(354)
Net income attributable to Pilgrim's Pride Corporation	98,117	54,582
Consolidation, Eliminations [Member]
Condensed Income Statements, Captions [Line Items]
Net sales	(105,548)	(67,724)
Cost of sales	(105,548)	(67,724)
Gross profit
Selling, general and administrative expense
Administrative restructuring charges
Operating income
Interest expense, net
Interest income
Foreign currency transaction loss (gain)
Miscellaneous, net	68	(41)
Income before income taxes	(68)	41
Income tax expense
Income (loss) before equity in earnings of consolidated subsidiaries	(68)	41
Equity in earnings of consolidated subsidiaries	(31,759)	(44,638)
Net income	(31,827)	(44,597)
Less: Net income attributable to noncontrolling interest
Net income attributable to Pilgrim's Pride Corporation	(31,827)	(44,597)
Parent Company [Member]
Condensed Income Statements, Captions [Line Items]
Net sales	1,753,068	1,769,794
Cost of sales	1,597,091	1,704,798
Gross profit	155,977	64,996
Selling, general and administrative expense	38,575	37,484
Administrative restructuring charges	1,713	484
Operating income	115,689	27,028
Interest expense, net	19,325	24,683
Interest income	(162)	(3)
Foreign currency transaction loss (gain)	3	(10)
Miscellaneous, net	(2,641)	(1,715)
Income before income taxes	99,164	4,073
Income tax expense	32,806	(5,871)
Income (loss) before equity in earnings of consolidated subsidiaries	66,358	9,944
Equity in earnings of consolidated subsidiaries	31,759	44,638
Net income	98,117	54,582
Less: Net income attributable to noncontrolling interest
Net income attributable to Pilgrim's Pride Corporation	98,117	54,582
Guarantor Subsidiaries [Member]
Condensed Income Statements, Captions [Line Items]
Net sales	112,550	75,660
Cost of sales	98,853	66,934
Gross profit	13,697	8,726
Selling, general and administrative expense	1,238	1,008
Administrative restructuring charges
Operating income	12,459	7,718
Interest expense, net	(14)
Interest income
Foreign currency transaction loss (gain)
Miscellaneous, net	1,645	1,221
Income before income taxes	10,828	6,497
Income tax expense	5,764	1,969
Income (loss) before equity in earnings of consolidated subsidiaries	5,064	4,528
Equity in earnings of consolidated subsidiaries
Net income	5,064	4,528
Less: Net income attributable to noncontrolling interest
Net income attributable to Pilgrim's Pride Corporation	5,064	4,528
Non-Guarantor Subsidiaries [Member]
Condensed Income Statements, Captions [Line Items]
Net sales	257,995	259,199
Cost of sales	212,563	214,487
Gross profit	45,432	44,712
Selling, general and administrative expense	5,388	5,500
Administrative restructuring charges
Operating income	40,044	39,212
Interest expense, net	162	138
Interest income	(649)	(213)
Foreign currency transaction loss (gain)	334	(7,614)
Miscellaneous, net	(78)	530
Income before income taxes	40,275	46,371
Income tax expense	13,442	6,656
Income (loss) before equity in earnings of consolidated subsidiaries	26,833	39,715
Equity in earnings of consolidated subsidiaries
Net income	26,833	39,715
Less: Net income attributable to noncontrolling interest	70	(354)
Net income attributable to Pilgrim's Pride Corporation	$ 26,763	$ 40,069

SUPPLEMENTAL GUARANTOR FINANCIAL INFORMATION (CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2014	Mar. 31, 2013
Condensed Financial Statements, Captions [Line Items]
Net income	$ 98,187	$ 54,228
Other comprehensive income (loss):
Loss associated with available-for-sale securities, net of tax	(36)
Gains (loss) associated with pension and other postretirement benefits, net of tax	(5,786)	10,410
Total other comprehensive income (loss), net of tax	(5,822)	10,410
Comprehensive income	92,365	64,638
Less: Comprehensive income attributable to noncontrolling interests	70	(354)
Comprehensive income attributable to Pilgrim's Pride Corporation	92,295	64,992
Consolidation, Eliminations [Member]
Condensed Financial Statements, Captions [Line Items]
Net income	(31,827)	(44,597)
Other comprehensive income (loss):
Loss associated with available-for-sale securities, net of tax
Gains (loss) associated with pension and other postretirement benefits, net of tax
Total other comprehensive income (loss), net of tax
Comprehensive income	(31,827)	(44,597)
Less: Comprehensive income attributable to noncontrolling interests
Comprehensive income attributable to Pilgrim's Pride Corporation	(31,827)	(44,597)
Parent Company [Member]
Condensed Financial Statements, Captions [Line Items]
Net income	98,117	54,582
Other comprehensive income (loss):
Loss associated with available-for-sale securities, net of tax	(36)
Gains (loss) associated with pension and other postretirement benefits, net of tax	(5,786)	10,410
Total other comprehensive income (loss), net of tax	(5,822)	10,410
Comprehensive income	92,295	64,992
Less: Comprehensive income attributable to noncontrolling interests
Comprehensive income attributable to Pilgrim's Pride Corporation	92,295	64,992
Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Net income	5,064	4,528
Other comprehensive income (loss):
Loss associated with available-for-sale securities, net of tax
Gains (loss) associated with pension and other postretirement benefits, net of tax
Total other comprehensive income (loss), net of tax
Comprehensive income	5,064	4,528
Less: Comprehensive income attributable to noncontrolling interests
Comprehensive income attributable to Pilgrim's Pride Corporation	5,064	4,528
Non-Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Net income	26,833	39,715
Other comprehensive income (loss):
Loss associated with available-for-sale securities, net of tax
Gains (loss) associated with pension and other postretirement benefits, net of tax
Total other comprehensive income (loss), net of tax
Comprehensive income	26,833	39,715
Less: Comprehensive income attributable to noncontrolling interests	70	(354)
Comprehensive income attributable to Pilgrim's Pride Corporation	$ 26,763	$ 40,069

SUPPLEMENTAL GUARANTOR FINANCIAL INFORMATION (CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2014	Mar. 31, 2013
Condensed Cash Flow Statements, Captions [Line Items]
Cash flows provided (used in) by operating activities	$ 195,701	$ 20,639
Cash flows from investing activities:
Acquisitions of property, plant and equipment	(47,760)	(25,778)
Purchases of investment securities	(37,000)
Proceeds from sale or maturity of investment securities	96,950
Proceeds from property disposals	1,511	1,660
Cash provided by (used in) investing activities	13,701	(24,118)
Cash flows from financing activities:
Proceeds from long-term debt		288,500
Payments on revolving line of credit, long-term borrowings and capital lease obligations	(204,913)	(311,005)
Cash used in financing activities	(204,913)	(22,505)
Effect of exchange rate changes on cash and cash equivalents	2,280	1,364
Increase (decrease) in cash and cash equivalents	6,769	(24,620)
Cash and cash equivalents, beginning of period	508,206	68,180
Cash and cash equivalents, end of period	514,975	43,560
Consolidation, Eliminations [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Cash flows provided (used in) by operating activities	(68)	41
Cash flows from investing activities:
Acquisitions of property, plant and equipment
Purchases of investment securities
Proceeds from sale or maturity of investment securities
Proceeds from property disposals
Cash provided by (used in) investing activities
Cash flows from financing activities:
Proceeds from long-term debt
Payments on revolving line of credit, long-term borrowings and capital lease obligations
Other financing activities	68	(41)
Cash used in financing activities	68	(41)
Effect of exchange rate changes on cash and cash equivalents
Increase (decrease) in cash and cash equivalents
Cash and cash equivalents, beginning of period
Cash and cash equivalents, end of period
Parent Company [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Cash flows provided (used in) by operating activities	147,553	30,076
Cash flows from investing activities:
Acquisitions of property, plant and equipment	(43,177)	(21,547)
Purchases of investment securities	(37,000)
Proceeds from sale or maturity of investment securities	96,950
Proceeds from property disposals	1,100	1,054
Cash provided by (used in) investing activities	17,873	(20,493)
Cash flows from financing activities:
Proceeds from long-term debt		288,500
Payments on revolving line of credit, long-term borrowings and capital lease obligations	(204,913)	(311,005)
Other financing activities
Cash used in financing activities	(204,913)	(22,505)
Effect of exchange rate changes on cash and cash equivalents
Increase (decrease) in cash and cash equivalents	(39,487)	(12,922)
Cash and cash equivalents, beginning of period	413,092	27,657
Cash and cash equivalents, end of period	373,605	14,735
Guarantor Subsidiaries [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Cash flows provided (used in) by operating activities	1,854	1,445
Cash flows from investing activities:
Acquisitions of property, plant and equipment	(1,854)	(1,445)
Purchases of investment securities
Proceeds from sale or maturity of investment securities
Proceeds from property disposals
Cash provided by (used in) investing activities	(1,854)	(1,445)
Cash flows from financing activities:
Proceeds from long-term debt
Payments on revolving line of credit, long-term borrowings and capital lease obligations
Other financing activities
Cash used in financing activities
Effect of exchange rate changes on cash and cash equivalents
Increase (decrease) in cash and cash equivalents
Cash and cash equivalents, beginning of period
Cash and cash equivalents, end of period
Non-Guarantor Subsidiaries [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Cash flows provided (used in) by operating activities	46,362	(10,923)
Cash flows from investing activities:
Acquisitions of property, plant and equipment	(2,729)	(2,786)
Purchases of investment securities
Proceeds from sale or maturity of investment securities
Proceeds from property disposals	411	606
Cash provided by (used in) investing activities	(2,318)	(2,180)
Cash flows from financing activities:
Proceeds from long-term debt
Payments on revolving line of credit, long-term borrowings and capital lease obligations
Other financing activities	(68)	41
Cash used in financing activities	(68)	41
Effect of exchange rate changes on cash and cash equivalents	2,280	1,364
Increase (decrease) in cash and cash equivalents	46,256	(11,698)
Cash and cash equivalents, beginning of period	95,114	40,523
Cash and cash equivalents, end of period	$ 141,370	$ 28,825