Pilgrim's Pride at end of temporary credit line - WAFF-TV: News, Weather and Sports for Huntsville, AL

Pilgrim's Pride at end of temporary credit line

With its temporary financing ending on Tuesday and credit markets tight all around, Pilgrim's Pride Corp., the chicken industry's biggest producer, faces an uncertain future.

Some analysts say it could file for bankruptcy, though Pilgrim's Pride has said that option is unlikely.

Others say the company is ripe for a buyout, either in whole or in part, by competitors.

Whatever the case, analysts say Pilgrim's Pride, whose chairman has been with the company since its beginnings six decades ago, must change.

Company spokesman Gary Rhodes said Pilgrim's Pride won't be making any comments.

Earlier this month, he was widely quoted as saying that filing for bankruptcy wouldn't be in "anyone's best interest."

Pilgrim's Pride has plants and feed mills all across north Alabama.  

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