Report of Independent Registered Public Accounting Firm The Board of Directors and Shareholders  Hormel Foods Corporation We have audited the accompanying consolidated statements  of financial position of Hormel Foods Corporation as of  October 26, 2014 and October 27, 2013 and the related con- solidated statements of operations, comprehensive income,  changes in shareholders’ investment, and cash flows for each  of the three years in the period ended October 26, 2014. These  financial statements are the responsibility of the Company’s  management. Our responsibility is to express an opinion on  these financial statements based on our audits. In our opinion, the financial statements referred to above  present fairly, in all material respects, the consolidated  financial position of Hormel Foods Corporation at October 26,  2014 and October 27, 2013 and the consolidated results of its  operations and its cash flows for each of the three years in the  period ended October 26, 2014, in conformity with U.S. gener- ally accepted accounting principles. We conducted our audits in accordance with the standards  of the Public Company Accounting Oversight Board (United  States). Those standards require that we plan and perform the  audit to obtain reasonable assurance about whether the finan- cial statements are free of material misstatement. An audit  includes examining, on a test basis, evidence supporting the  amounts and disclosures in the financial statements. An audit  also includes assessing the accounting principles used and  significant estimates made by management, as well as evalu- ating the overall financial statement presentation. We believe  that our audits provide a reasonable basis for our opinion. We also have audited, in accordance with the standards of  the Public Company Accounting Oversight Board (United  States), Hormel Foods Corporation’s internal control over  financial reporting as of October 26, 2014, based on cri- teria established in  Internal Control-Integrated Framework  issued by the Committee of Sponsoring Organizations of the  Treadway Commission (1992 framework) and our report dated  December 17, 2014 expressed an unqualified opinion thereon.  Minneapolis, Minnesota  December 17, 2014  33