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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000088121-04-000010.txt : 20040227
<SEC-HEADER>0000088121-04-000010.hdr.sgml : 20040227
<ACCEPTANCE-DATETIME>20040227162929
ACCESSION NUMBER:		0000088121-04-000010
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20040227
ITEM INFORMATION:		
ITEM INFORMATION:		Financial statements and exhibits
FILED AS OF DATE:		20040227

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:		04635695

	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>k803ye.txt
<DESCRIPTION>SEABOARD CORPORATION 8-K DATED FEBRUARY 27, 2004
<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) February 27, 2004




                         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.)

<PAGE>

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 February 27, 2004
     announcing earnings for the quarter and year ended December 31, 2003.

Item 12.  Results of Operations and Financial Condition

On February 27, 2004, Registrant issued a press release announcing earnings
for the quarter and year ended December 31, 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.

<PAGE>



                                 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:  February 27, 2004

                           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>ex991ye.txt
<DESCRIPTION>PRESS RELEASE OF SEABOARD CORPORATION
<TEXT>
                                                               Exhibit 99.1

                               PRESS RELEASE
                            REPORT OF EARNINGS

                                                          February 27, 2004
                                                    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 and twelve months ended December  31,
2003 and 2002, in thousands of dollars except per share amounts.


                              Three Months Ended            Years Ended
                           December 31, December 31,  December 31, December 31,
                               2003         2002           2003         2002

Net  sales                  $  548,173   $  479,480     $1,981,340   $1,829,307

Earnings before cumulative
effect  of changes in
accounting principles           30,985        2,359         28,974       13,507

Cumulative effect of changes
in accounting for asset
retirement obligations,
dry-dock accruals,and variable
interest entities net of
income tax expense of $(498)
and $52, respectively             (780)           -          2,868            -

Net earnings                $   30,205   $    2,359     $   31,842   $   13,507

Earnings per share before
cumulative effect of changes
in accounting principles    $    24.69   $     1.81     $    23.08   $     9.38

Cumulative effect of changes
in accounting for asset
retirement obligations,
dry-dock accruals, and variable
interest entities                (0.62)           -           2.29            -

Net earnings per common
share                       $    24.07   $     1.81     $    25.37   $     9.38

Average  number of shares
outstanding                  1,255,054    1,302,042      1,255,054    1,439,753

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) or $1.07 per common share.

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 first quarter
of 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 tax) or $3.97 per common share.

During  the  fourth quarter of 2003, Seaboard adopted Financial  Accounting
Standards   Board   Interpretation   No.   46,   revised   December   2003,
"Consolidation  of Variable Interest Entities," and recorded  a  cumulative
effect  of a change in accounting principles with a  charge  to earnings of
$1,278,000 ($780,000 net of tax), or $0.62  per common share.

During  the fourth quarter of 2003, Seaboard sold its equity investment  in
Fjord  Seafood  ASA  (Fjord), an integrated salmon producer  and  processor
headquartered in Norway, recognizing a gain of $18,036,000.  The  gain  was
not  subject  to tax.  During 2003, Seaboard recorded its share  of  losses
related   to  its  investment  in  Fjord  totaling  $15,546,000,  including
$12,421,000  for  asset impairment charges in the third  quarter  of  2003.
Seaboard's share of losses from Fjord during 2002 totaled $10,158,000.

During  2002,  Seaboard completed a series of transactions related  to  its
Argentine   sugar  business,  resulting  in  a  one-time  tax  benefit   of
$14,303,000.

During  2002,  the  Company effectively repurchased  232,414.85  shares  of
common stock from its parent company.

<PAGE>

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