text: The Company has not been involved in any bankruptcy, receivership or similar proceedings during its history. Substantially all of the assets of the 
  Company have been acquired in the ordinary course of business. 
  
  The Company had no significant change in the type of products produced or services rendered, nor in the markets or methods of distribution since the 
  beginning of the fiscal year. 
  
  **(b)*Industry Segment***
  
  The Company's business is reported in five segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, Specialty Foods, and All Other. 
  The contributions of each segment to net sales to unaffiliated customers and operating profit, and the presentation of certain other financial information by 
  segment are reported in Note K of the Notes to Consolidated Financial Statements and in the Management's Discussion and Analysis of the Annual 
  Stockholder's Report for the year ended October 25, 2003, incorporated herein by reference. 
  
  **(c)*Description of Business***
  
  **Products and Distribution**
  
  The Company's products primarily consist of meat and other food products. The meat products are sold fresh, frozen, cured, smoked, cooked and 
  canned. The percentages of total revenues contributed by classes of similar products for the last three fiscal years of the Company are as follows: 