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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000088121-03-000004.txt : 20030506
<SEC-HEADER>0000088121-03-000004.hdr.sgml : 20030506
<ACCEPTANCE-DATETIME>20030506165457
ACCESSION NUMBER:		0000088121-03-000004
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20030506
ITEM INFORMATION:		Financial statements and exhibits
ITEM INFORMATION:		Regulation FD Disclosure
FILED AS OF DATE:		20030506

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SEABOARD CORP /DE/
		CENTRAL INDEX KEY:			0000088121
		STANDARD INDUSTRIAL CLASSIFICATION:	MEAT PACKING PLANTS [2011]
		IRS NUMBER:				042260388
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-03390
		FILM NUMBER:		03684671

	BUSINESS ADDRESS:	
		STREET 1:		9000 W. 67TH STREET
		CITY:			SHAWNEE MISSION
		STATE:			KS
		ZIP:			66202
		BUSINESS PHONE:		9136768800

	MAIL ADDRESS:	
		STREET 1:		9000 W. 67TH STREET
		CITY:			SHAWNEE MISSION
		STATE:			KS
		ZIP:			66202

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SEABOARD ALLIED MILLING CORP
		DATE OF NAME CHANGE:	19820328

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HATHAWAY BAKERIES INC
		DATE OF NAME CHANGE:	19710315
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>k8_1q03.txt
<DESCRIPTION>SEABOARD CORPORATION 8-K DATED MAY 6, 2003
<TEXT>


                             UNITED STATES
                  SECURITIES AND EXCHANGE COMMISSION
                        Washington, D.C.  20549



                               FORM 8-K

                            CURRENT REPORT




PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934


     Date of Report (Date of earliest event reported) May 6, 2003




                         Seaboard Corporation
        (Exact name of registrant as specified in its charter)


        Delaware                      1-3390                04-2260388
(State or other jurisdiction of    (Commission          (I.R.S. Employer
 incorporation or organization)     File Number)       Identification No.)


9000 W. 67th Street, Shawnee Mission, Kansas                66202
(Address of principal executive offices)                 (Zip Code)



(Registrant's telephone number, including area code)    (913) 676-8800



                            Not Applicable
    (Former name or former address, if changed since last report.)


Item 7.  Financial Statements and Exhibits

(c)  Exhibits

     Registrant hereby furnishes the following exhibit pursuant to Item 12:

     99.1 Press release of Seaboard Corporation dated May 6, 2003
     announcing earnings for the first quarter ended March 29, 2003.


Item 9.  Regulation FD Disclosure

The information included in this Current Report on Form 8-K, including
the accompanying exhibit, is furnished, not filed, under "Item 12.
Disclosure of Results of Operations and Financial Condition."

On May 6, 2003, Registrant issued a press release announcing earnings
for the first quarter ended March 29, 2003.  The full text of this
press release is included as exhibit 99.1 and incorporated by
reference in this Current Report on Form 8-K.


                               SIGNATURE


Pursuant  to the requirements of the Securities Exchange Act of  1934,
the  registrant has duly caused this report to be signed on its behalf
by the undersigned thereunto duly authorized.




                           DATE:  May 6, 2003

                           Seaboard Corporation

                           by: /s/ Robert L. Steer
                               Robert L. Steer, Senior Vice President,
                               Treasurer and Chief Financial Officer

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>press03.txt
<DESCRIPTION>PRESS RELEASE OF SEABOARD CORPORATION DATED MAY 6, 2003
<TEXT>

                          PRESS RELEASE
                       REPORT OF EARNINGS



                                                      May 6, 2003
                                          Shawnee Mission, Kansas

       The  following  is  a  report  of  earnings  for  Seaboard
Corporation  (AMEX symbol; SEB) with offices at  9000  West  67th
Street,  Shawnee Mission, Kansas 66202, (the "Company"), for  the
three months ended March 29, 2003 and March 30, 2002 in thousands
of dollars except per share amounts.


                                                       Three Months Ended
                                                 March 29, 2003  March 30, 2002

Net sales                                         $  461,867      $  442,923

Earnings (loss) before cumulative
effect
 of changes in accounting principles              $     (933)     $    1,723

Cumulative effect of changes in accounting for
 asset retirement obligations and dry-dock
 accruals, net income tax expense                      3,648               -

Net earnings                                      $    2,715      $    1,723

Earnings per share before cumulative effect of
 changes in accounting principles                 $    (0.74)     $     1.16

Cumulative effect of changes in accounting for
 asset retirement obligations and dry-dock
 accruals                                               2.90               -

Net earnings per common share                     $     2.16      $     1.16

Average number of shares outstanding               1,255,054       1,487,520



Notes to Report of Earnings:

Effective  January  1,  2003, the Company  adopted  Statement  of
Financial Accounting Standard No. 143, which required the Company
to  record  a  long-lived asset and related liability  for  asset
retirement  obligation costs associated with the closure  of  the
hog  lagoons  it is legally obligated to close. Accordingly,  the
Company   recorded  the  cumulative  effect  of  the  change   in
accounting  principle  with a charge to  earnings  of  $2,195,000
($1,339,000 net of tax).

Additionally, effective January 1, 2003, the Company changed  its
method  of accounting for the scheduled dry-dock of vessels  from
the  accrue-in-advance method to the direct-expense method. As  a
result, during the three months ended March 29, 2003, the Company
reversed  the  balance  of  the accrued  liability  for  dry-dock
maintenance as of December 31, 2002, resulting in an increase  in
earnings of $6,393,000 ($4,987,000 net of related tax expense).


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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