KANSAS CITY, Mo. -- Premium Standard Farms, Inc., a vertically integrated provider of pork products, announced yesterday that its board of directors has authorized the repurchase of up to $20 million of the company's common stock.

This program is in addition to Premium Standard Farms' practice of paying quarterly dividends.

Under the new program, stock repurchases may be made through open market repurchases, block trades or in private transactions at such times and in such amounts as the company deems appropriate, based on a variety of factors including price and market conditions.

Premium Standard Farms is one of the largest vertically integrated providers of pork products in the United States, producing products for the retail, wholesale, foodservice, export and further processor markets. PSF is the nation's second largest pork producer and sixth largest pork processor, with approximately 4,300 employees working at farms and processing facilities in Missouri, North Carolina and Texas.

SOURCE: Premium Standard Farms Inc. via PR Newswire.