<DOCUMENT>
<TYPE>10-K
<SEQUENCE>1
<FILENAME>k-102004.txt
<DESCRIPTION>SEABOARD CORPORATION 2004 10-K
<TEXT>

                          UNITED STATES
               SECURITIES AND EXCHANGE COMMISSION
                     Washington, D.C.  20549
                            FORM 10-K

(Mark One)
[ X ]  ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
       SECURITIES EXCHANGE ACT OF 1934
       For the fiscal year ended December 31, 2004

                               OR

[   ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
       THE SECURITIES EXCHANGE ACT OF 1934
       For the transition period from _______________ to ________________

                 Commission file number: 1-3390

                       SEABOARD CORPORATION
     (Exact name of registrant as specified in its charter)

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

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

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

   SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT:

          Title of each className of each exchange on which registered
      Common Stock $1.00 Par Value    American Stock Exchange

   SECURITIES REGISTERED PURSUANT TO SECTION 12(g) OF THE ACT:

                               None
                        (Title of class)

Indicate  by check mark whether the registrant (1) has filed  all
reports  required  to be filed by Section  13  or  15(d)  of  the
Securities  Exchange Act of 1934 during the preceding  12  months
(or  for such shorter period that the registrant was required  to
file  such  reports),  and (2) has been subject  to  such  filing
requirements for the past 90 days.  Yes [ X ]  No [   ]

Indicate  by  check  mark  if  disclosure  of  delinquent  filers
pursuant  to Item 405 of Regulation S-K is not contained  herein,
and will not be contained, to the best of registrant's knowledge,
in  definitive  proxy or information statements  incorporated  by
reference in Part III of this Form 10-K or any amendment to  this
Form 10-K.  [ X ]

Indicate by check mark whether the registrant is an accelerated
filer (as defined in Rule 12b-2 of the Act).  Yes [ X ]  No [  ]

The  aggregate market value of 354,380 shares of Seaboard  voting
stock held by nonaffiliates was approximately $175,453,538, based
on  the  closing price of $495.10 per share on July 2, 2004,  the
end    of    Seaboard's   second   fiscal   quarter.     As    of
February  18,  2005,  the  number  of  shares  of  common   stock
outstanding was 1,255,053.90.

               DOCUMENTS INCORPORATED BY REFERENCE

Part  I,  item  1(b), a part of item 1(c)(1)  and  the  financial
information required by item 1(d) and Part II, items 6, 7, 7A and
8  are incorporated herein by reference to Seaboard Corporation's
Annual   Report  to  Stockholders  furnished  to  the  Commission
pursuant to Rule 14a-3(b).

Part  II, a part of item 5, and Part III, a part of item  10  and
items  11,  12  and 13 are incorporated herein  by  reference  to
Seaboard  Corporation's definitive proxy statement filed pursuant
to Regulation 14A for the 2005 annual meeting of stockholders.

<PAGE>

Forward-Looking Statements

This  report,  including information included or incorporated  by
reference   in  this  report,  contains  certain  forward-looking
statements  with respect to the financial condition,  results  of
operations, plans, objectives, future performance and business of
Seaboard  Corporation and its subsidiaries (Seaboard).   Forward-
looking statements generally may be identified as:

     statements that are not historical in nature, and

     statements  preceded  by, followed by  or  that  include  the
     words   "believes,"  "expects,"  "may,"  "will,"   "should,"
     "could,"  "anticipates," "estimates," "intends"  or  similar
     expressions

In  more  specific  terms, forward-looking  statements,  include,
without limitation:

     statements  concerning  projection  of  revenues,  income  or
     loss,  capital  expenditures,  capital  structure  or  other
     financial items,

     statements  regarding the plans and objectives of  management
     for future operations,

     statements of future economic performance,

     statements   regarding   the  intent,   belief   or   current
     expectations of Seaboard and its management with respect to:

     (i)    the  cost  and  timing  of the  completion  of  new  or
            expanded facilities,

     (ii)   Seaboard's  ability to obtain adequate  financing
            and liquidity,

     (iii)  the price of feed stocks and other materials used
            by Seaboard,

     (iv)   the  sale  price  for  pork  products  from  such
            operations,

     (v)    the price for other products and services,

     (vi)   the charter hire rates and fuel prices for vessels,

     (vii)  the  demand for power, related spot market prices
            and  collectibility  of receivables  in  the  Dominican
            Republic,

     (viii) the  effect of the fluctuation in exchange  rates
            for the Dominican Republic peso,

     (ix)   the effect of the Venezuelan economy on the Marine
            segment,

     (x)    the potential effect of Seaboard's investment in a wine
            business on the consolidated financial statements,

     (xi)   the  potential impact of various environmental  actions
            pending or threatened against Seaboard,

     (xii)  the potential impact of the American Jobs Creation
            Act, or

     (xiii) other   trends  affecting  Seaboard's  financial
            condition or results of operations, and

     statements of the assumptions underlying or relating  to  any
     of the foregoing statements.

Forward-looking   statements  are  not   guarantees   of   future
performance  or  results.  They involve risks, uncertainties  and
assumptions.   Actual  results may differ materially  from  those
contemplated by the forward-looking statements due to  a  variety
of  factors.  The information contained in this Form 10-K and  in
other  filings  Seaboard  makes with  the  Commission,  including
without   limitation,   the   information   under   the   heading
"Management's Discussion and Analysis of Financial Condition  and
Results  of  Operations" in this Form 10-K, identifies  important
factors      which     could     cause     such      differences.

<PAGE> 2

                             PART I

Item 1.  Business

(a)  General Development of Business

Seaboard  Corporation,  a  Delaware  corporation,  the  successor
corporation  to  a  company  first  incorporated  in  1928,   and
subsidiaries    (Seaboard)   is   a   diversified   international
agribusiness  and  transportation  company  which  is   primarily
engaged domestically in pork production and processing, and cargo
shipping.   Overseas, Seaboard is primarily engaged in  commodity
merchandising,  flour  and feed milling,  sugar  production,  and
electric  power  generation.  See Item 1(c) (1) (ii)  "Status  of
Product  or  Segment" below for a discussion of  developments  in
specific segments.

Seaboard  Flour LLC, a Delaware limited liability  company,  owns
approximately  70.7 percent of the outstanding  common  stock  of
Seaboard.   Mr.  H. Harry Bresky, President and  Chief  Executive
Officer  of  Seaboard, and other members of  the  Bresky  family,
including  trusts  created for their benefit,  own  approximately
99.5  percent  of the common units of Seaboard Flour  LLC.   Such
Bresky  family  members also own additional shares,  representing
approximately  2.7  percent of the outstanding  common  stock  of
Seaboard.

(b)  Financial Information about Industry Segments

The  information required by Item 1(b) of Form 10-K  relating  to
Industry Segments is incorporated herein by reference to Note  13
of  the  Consolidated Financial Statements appearing on pages  54
through   58  of  the  Seaboard  Corporation  Annual  Report   to
Stockholders  furnished to the Commission pursuant to  Rule  14a-
3(b) and attached as Exhibit 13 to this Report.

(c)  Narrative Description of Business

  (1)  Business Done and Intended to be Done by the Registrant

     (i)  Principal Products and Services

     Pork  Division - Seaboard, through its subsidiary,  Seaboard
     Farms, Inc., engages in the businesses of hog production and
     pork   processing  in  the  United  States.   Through  these
     operations,  Seaboard produces and sells  fresh  and  frozen
     pork  to  further  processors, foodservice outlets,  grocery
     stores  and  other  retail outlets, and  other  distributors
     throughout the United States, and to Japan and other foreign
     markets.   Further processing companies purchase  Seaboard's
     pork  products  in  bulk  and  produce  products,  such   as
     lunchmeat, hams, bacon, and sausages.  Fresh pork,  such  as
     loins,  tenderloins  and ribs are sold to  distributors  and
     grocery  stores.   Seaboard also sells  a  small  amount  of
     packaged,  further  processed and marinated  pork  products.
     Seaboard  sells  some of its products under the  brand  name
     Prairie  Fresh.   Seaboard's hog processing plant is located
     in Guymon, Oklahoma, and operates at double shift capacity.

     Seaboard's hog production operations consist of the breeding
     and  raising  of approximately 3.5 million hogs annually  at
     facilities  it either owns or leases or at facilities  owned
     and  operated  by  third parties with  whom  it  has  grower
     contracts.  The hog production operations are located in the
     States  of Oklahoma, Kansas, Texas and Colorado.  As a  part
     of   the   hog  production  operations,  Seaboard   produces
     specially  formulated feed for the hogs at  six  owned  feed
     mills.   The  remaining hogs processed  are  purchased  from
     third  party  hog producers, primarily pursuant to  purchase
     contracts.

     Commodity   Trading  and  Milling  Division   -   Seaboard's
     Commodity   Trading  and  Milling  Division,   through   its
     subsidiaries, Seaboard Overseas Limited located in  Bermuda,
     Seaboard  Overseas Trading and Shipping (PTY), Ltd.  located
     in  Durban,  South  Africa,  and other  locations  in  Peru,
     Ecuador  and  Zambia, internationally markets  wheat,  corn,
     soybean  meal and other commodities in bulk to  third  party
     customers  and affiliated companies.  These commodities  are
     purchased  worldwide, with primary destinations  to  Africa,
     South America, the Caribbean, and the Eastern Mediterranean.
     The    division   originates,   transports    and    markets
     approximately 4.8 million tons of grains and proteins on  an
     annual basis.  Seaboard integrates the service of delivering
     commodities  to its customers through the use  of  chartered
     bulk vessels and its seven owned bulk carriers.

     This  division  also  operates  milling  businesses  in   13
     countries,  which  are  primarily supplied  by  the  trading
     locations  discussed above.  The grain processing businesses
     are  operated  through  five  consolidated  and  eight  non-
     consolidated affiliates in Africa, the Caribbean  and  South
     America, with flour, feed and maize milling businesses which
     produce  approximately 1.5 million metric tons  of  finished
     products  per  year.  Most of the products produced  by  the
     milling  operations are sold in the countries in  which  the
     products are produced.

<PAGE> 3

     Marine Division - Seaboard, through its subsidiary, Seaboard
     Marine Limited, and various foreign affiliated companies and
     third  party  agents, provides containerized cargo  shipping
     service  to  over twenty-five countries between  the  United
     States,  the Caribbean Basin, and Central and South America.
     Seaboard uses a network of offices and agents throughout the
     United States, Canada, Latin America and the Caribbean Basin
     to  book  both  northbound  and southbound  cargo.   Through
     intermodal arrangements, Seaboard can transport cargo to and
     from  numerous  U.S. mainland locations by either  truck  or
     rail to and from one of its U.S. port locations, where it is
     staged  for export via sea or received as import cargo  from
     abroad.

     Seaboard's  primary  marine  operations  located  in   Miami
     include   a   135,000  square  foot  warehouse   for   cargo
     consolidation and temporary storage, and a 70 acre  terminal
     at  the  Port  of  Miami.  At the Port of Houston,  Seaboard
     operates  a  62  acre cargo terminal facility that  includes
     over  690,000  square  feet of on-dock warehouse  space  for
     temporary  storage  of  bagged  grains,  resins  and   other
     cargoes.  Seaboard also makes scheduled vessel calls in  New
     Orleans,   Louisiana,   Fernandina   Beach,   Florida    and
     Philadelphia,  Pennsylvania.  Seaboard's fleet  consists  of
     seven   owned   and  approximately  23  chartered   vessels,
     thousands  of  dry, refrigerated and specialized  containers
     and   related  equipment.   Seaboard  also  provides   cargo
     transportation service from its domestic ports  of  call  to
     and  from multiple foreign destinations where Seaboard  does
     not  make vessel calls through connecting carrier agreements
     with third party regional and global carriers.

     Sugar   and   Citrus  Division  -  Seaboard,   through   its
     subsidiary,  Ingenio y Refineria San Martin del Tabacal  and
     other Argentine non-consolidated affiliates, is involved  in
     the production and refining of sugar cane and the production
     and  processing of citrus in Argentina.  This division  also
     purchases sugar and citrus in bulk from third parties within
     Argentina  for  subsequent resale.  The sugar  products  are
     primarily  sold  in Argentina, primarily to retailers,  soft
     drink  manufacturers,  and  food  manufacturers,  with  some
     exports to the United States, South America and Europe while
     the  citrus  products are primarily exported to  the  global
     market.  Seaboard grows a large portion of the sugar cane on
     approximately  46,000  acres of land  it  owns  in  northern
     Argentina.  The cane is processed at an owned mill,  with  a
     current processing capacity of approximately 180,000  metric
     tons  of  sugar  per  year.  During 2005 Seaboard  plans  to
     increase this capacity to approximately 200,000 metric tons.
     The  sugar mill is one of the largest in Argentina.  Another
     3,000 acres of land is planted with oranges.

     Power   Division   -  Seaboard,  through   its   subsidiary,
     Transcontinental Capital Corp. (Bermuda) Ltd.,  operates  as
     an  independent  power producer in the  Dominican  Republic.
     This  operation  is  exempt from U.S. regulation  under  the
     Public Utility Holding Company Act of 1938, as amended.  The
     business  operates  two floating barges  with  a  system  of
     diesel  engines  capable  of  generating  a  combined  rated
     capacity  of  approximately  112 megawatts  of  electricity.
     Seaboard  generates  electricity into  the  local  Dominican
     Republic power grid, but is not involved in the transmission
     or  distribution of the electricity.  The barges are secured
     on  the  Ozama  River in Santo Domingo, Dominican  Republic.
     The  electricity  is sold at contracted pricing  to  certain
     large  commercial users with contract terms  extending  from
     one  to  four years.  Seaboard also sells power under short-
     term  contracts  with certain government-owned  distribution
     companies.  The remaining electricity is sold in  the  "spot
     market"  at  prevailing market prices,  primarily  to  three
     wholly  or  partially government-owned electric distribution
     companies.

     Other Businesses - Seaboard purchases and processes jalapeno
     peppers  at  its  owned  plant in Honduras.   The  processed
     peppers  are  primarily  sold to a customer  in  the  United
     States,  and  are shipped by Seaboard's Marine Division  and
     distributed  from  Seaboard's Port  of  Miami  cold  storage
     warehouse.

     Seaboard  has a truck transportation business which arranges
     truck freight services for third parties as a broker and  as
     a  carrier.   This  business  also  provides  logistics  and
     transportation  services to other Seaboard companies,  using
     its owner-operator program and extensive carrier network.

     Seaboard  also  has an equity investment in a wine  business
     that  produces wine in Bulgaria for distribution,  primarily
     throughout Europe.

<PAGE> 4

     The information required by Item 1 of Form 10-K with respect
     to  the amount or percentage of total revenue contributed by
     any  class of similar products or services which account for
     10  percent  or more of consolidated revenue in any  of  the
     last  three  fiscal  years  is  set  forth  in  Note  13  of
     Seaboard's  Consolidated Financial Statements, appearing  on
     pages  54  through  58 of the Seaboard's  Annual  Report  to
     Stockholders,  furnished  to  the  Commission  pursuant   to
     rule  14a-3(b)  and attached as Exhibit 13 to  this  report,
     which information is incorporated herein by reference.

     (ii) Status of Product or Segment

     In  early  2004, Seaboard entered into a marketing agreement
     with  Triumph Foods LLC (Triumph) to market all of the  pork
     products processed at Triumph's pork processing plant to  be
     constructed in St. Joseph, Missouri.  The plant is scheduled
     to  begin  operations in late 2005.  This  plant  will  have
     capacity  similar to Seaboard's Guymon, Oklahoma plant  with
     the  business  based  upon  the  same  integrated  model  as
     Seaboard's.  The Triumph plant is not expected to reach full
     double shift operating capacity until 2007.

     In  early  2002, Seaboard announced plans to build a  second
     pork  processing plant in northern Texas along with  related
     plans  to  expand its vertically integrated  hog  production
     facilities.  However, with the planned construction  of  the
     Triumph pork processing plant discussed above, Seaboard does
     not  intend  to proceed with the expansion project  at  this
     time.

     From  time to time bills have been introduced in the  United
     States  Senate  and House of Representatives which  included
     provisions to prohibit meat packers, such as Seaboard,  from
     owning  or  controlling  livestock intended  for  slaughter.
     Such  bills  could have prohibited Seaboard from  owning  or
     controlling  hogs, and thus would have required  divestiture
     of  our  operations,  or otherwise a  restructuring  of  its
     ownership and operation.  Currently, no such bill is  active
     nor  have  any been passed into law, and Seaboard  does  not
     expect any such actions to be passed in 2005.

     The  economic environment in the Dominican Republic (DR) has
     been  in  turmoil for the last two years.  During 2003,  the
     exchange  rate for the Dominican peso devalued significantly
     before  strengthening somewhat during  2004.   In  addition,
     since  the last half of 2003, the power industry in  the  DR
     has  suffered from a cash flow imbalance that began when the
     government did not allow retail electricity rates charged by
     the distribution companies to increase sufficiently to cover
     the   significant   peso  devaluation   and   increases   in
     dollar-denominated fuel costs.  The government has not fully
     funded this cash shortfall.

     As  a result of the weakened economic environment in the DR,
     the  generating  companies  have experienced  difficulty  in
     obtaining timely collections of trade receivables  from  the
     government-owned distribution companies or  other  companies
     that  must also collect from the government in order to make
     payments  on their accounts.  As a result, similar to  other
     independent  power  producers, Seaboard  has  curtailed  its
     level  of  power  generation in 2004 based  on  management's
     belief  about collectibility of receivables from spot sales.
     While  multilateral  credit agencies may eventually  provide
     funding  support  to  this  country  to  improve  liquidity,
     management can not predict if adequate funding will occur to
     fully resolve this situation during the next year.  With the
     exception   of   those   government  or   government-reliant
     customers,  all commercial contract customers generally  pay
     their   accounts  timely.   Seaboard  continues  to   pursue
     additional commercial contract customers which would  reduce
     dependency  on the government for liquidity.   In  addition,
     Seaboard is pursuing additional investment opportunities  in
     the DR power industry.

     Seaboard  has  an  equity investment in a wine  business  in
     Bulgaria.  In February 2005, the Board of Directors and  the
     majority of owners, including Seaboard, agreed to pursue the
     sale  of  the  entire business or all  of  its  assets.   No
     assurance  can  be given as to whether any  such  sale  will
     occur.

     (iii) Sources and Availability of Raw Materials

     None  of  Seaboard's businesses utilize material amounts  of
     raw  materials  that  are dependent on  purchases  from  one
     supplier or a small group of dominant suppliers.

     (iv) Patents, Trademarks, Licenses, Franchises and Concessions

     Seaboard uses the registered trademark of Seaboard.

<PAGE> 5

     The Pork Division uses registered trademarks relating to its
     products, including  Seaboard Farms, Inc.,  Seaboard  Farms,
     PrairieFresh,   and  A   Taste  Like  No  Other.    Seaboard
     considers  the  use  of these trademarks  important  to  the
     marketing and promotion of its pork products.

     The  Marine  Division uses the trade name  Seaboard   Marine
     which  is  also  a registered trademark.  Seaboard  believes
     there  is  significant recognition of the  Seaboard   Marine
     trademark in the industry and by many of its customers.

     Part  of the sales within the Sugar and Citrus Division  are
     made  under  the  Chango   brand in  Argentina,  where  this
     division  operates.  Local sales prices benefit  from  sugar
     import  duties  imposed by the Argentine  government,  which
     affects the volume of sugar imported to that market.

     Seaboard's  Power  Division  benefits  from  a  tax   exempt
     concession  granted  by  the Dominican  Republic  government
     through 2012.

     Patents,  trademarks, franchises, licenses  and  concessions
     are not material to any of Seaboard's other divisions.

     (v) Seasonal Business

     Profits from processed pork are generally higher in the fall
     months.   Sugar  prices  in Argentina  are  generally  lower
     during the typical sugarcane harvest period between June and
     November.   Seaboard's other divisions  are  not  seasonally
     dependent to any material extent.

     (vi) Practices Relating to Working Capital Items

     There  are  no  unusual industry practices or  practices  of
     Seaboard relating to working capital items.

     (vii) Depending on a Single Customer or Few Customers

     Seaboard  does not have sales to any one customer  equal  to
     10%  or  more  of consolidated revenues.  The Pork  division
     derives approximately ten percent of its revenues from three
     customers  in  Japan through one agent.  The Power  division
     sells power in the Dominican Republic to a limited number of
     contract customers and on the spot market accessed primarily
     by  three  wholly or partially government-owned distribution
     companies.

     Seaboard's  Produce  Division  sells  nearly  all   of   its
     processed jalapeno peppers to one customer under a  contract
     expiring  in  2006.   We do not believe  the  loss  of  this
     customer  would have a material adverse effect on Seaboard's
     consolidated  financial position or results  of  operations.
     No  other  division has sales to a few customers  which,  if
     lost,  would  have  a material adverse effect  on  any  such
     segment or on Seaboard taken as a whole.

     (viii) Backlog

     Backlog is not material to Seaboard businesses.

     (ix) Government Contracts

     No material portion of Seaboard business involves government
     contracts.

     (x) Competitive Conditions

     Competition in Seaboard's Pork Division comes from a variety
     of   national,  international  and  regional  producers  and
     processors  and  is  based  primarily  on  product  quality,
     customer  service and price.  According to recent issues  of
     Successful   Farming  and  Feedstuffs,  trade  publications,
     Seaboard  ranks  as  one  of  the  nation's  top  five  pork
     producers  (based on sows in production) and  top  ten  pork
     processors (based on daily processing capacity).

     Seaboard's  ocean  liner service for  containerized  cargoes
     faces  competition  based  on price  and  customer  service.
     Seaboard  believes  it is among the top five  ranking  ocean
     liner  services for containerized cargoes in  the  Caribbean
     Basin based on cargo volume.

     Seaboard's  sugar  business owns one of  the  largest  sugar
     mills  in  Argentina and faces significant  competition  for
     sugar sales in the local Argentine market.  Sugar prices  in
     Argentina  are  higher  than world markets  due  to  current
     Argentine government price protection policies.

     Seaboard's  Power  Division  is  located  in  the  Dominican
     Republic.   Power generated by this segment is sold  on  the
     spot  market  or  to contract customers at prices  primarily
     based on market conditions rather than cost-based rates.

<PAGE> 6

     (xi) Research and Development Activities

     Seaboard   does   not  engage  in  material   research   and
     development activities.

     (xii) Environmental Compliance

     Seaboard  is  subject to numerous Federal, state  and  local
     provisions  relating to the environment  which  require  the
     expenditure  of  funds in the ordinary course  of  business.
     Seaboard  does not anticipate making expenditures for  these
     purposes,  including expenditures with respect to the  items
     disclosed  in  Item  3,  Legal Proceedings,  which,  in  the
     aggregate  would  have a material or significant  effect  on
     Seaboard's financial condition or results of operations.

     (xiii) Number of Persons Employed by Registrant

     As   of   December   31,  2004,  Seaboard,  excluding   non-
     consolidated  foreign affiliates, had  9,532  employees,  of
     whom   5,383   were   employed   in   the   United   States.
     Approximately  2,000 employees in Seaboard's  Pork  Division
     and   approximately  10  employees  in  Seaboard's   Produce
     Division  are  covered by collective bargaining  agreements.
     Seaboard   considers   its   employee   relations   to    be
     satisfactory.

(d)  Financial Information about Geographic Areas

The  financial  information required by Item 1(d)  of  Form  10-K
relating  to export sales is incorporated herein by reference  to
Note 13 of Seaboard's Consolidated Financial Statements appearing
on   pages   54  through  58  of  Seaboard's  Annual  Report   to
Stockholders  furnished to the Commission pursuant to  Rule  14a-
3(b) and attached as Exhibit 13 to this report.

Seaboard  considers  its relations with the  governments  of  the
countries  in  which its foreign subsidiaries and affiliates  are
located  to  be  satisfactory, but these foreign  operations  are
subject  to risks of doing business in lesser-developed countries
which  are  subject  to  potential civil unrests  and  government
instabilities,    increasing   the    exposure    to    potential
expropriation, confiscation, war, insurrection, civil strife  and
revolution,   currency  inconvertibility  and  devaluation,   and
currency exchange controls.  To minimize certain of these  risks,
Seaboard  has insured certain investments in its affiliate  flour
mills  in  Angola, Haiti, Lesotho, Mozambique, Republic of  Congo
and  Zambia,  to  the  extent available  and  deemed  appropriate
against   certain  of  these  risks  with  the  Overseas  Private
Investment   Corporation,  an  agency  of   the   United   States
Government.    At the date of this report, Seaboard is not  aware
of  any  situations referred to above which could have a material
effect on Seaboard's business.

(e)  Available Information

Seaboard electronically files with the Commission annual  reports
on  Form 10-K, quarterly reports on Form 10-Q, current reports on
Form  8-K  and  amendments to those reports pursuant  to  Section
13(a) or 15(d) of the Exchange Act.  The public may read and copy
any materials filed with the Commission at their public reference
room   located  at  Judiciary  Plaza,  450  Fifth  Street,  N.W.,
Washington,   D.C.   20549.   The  public  may   obtain   further
information  concerning  the  public  reference  room   and   any
applicable  copy  charges, as well as the  process  of  obtaining
copies of filed documents by calling the Commission at 1-800-SEC-
0330.

The  Commission maintains an Internet site that contains reports,
proxy and information statements, and other information regarding
electronic  filers at www.sec.gov.  Seaboard provides  access  to
its  most  recent  Form  10-K, 10-Q  and  8-K  reports,  and  any
amendments   to   these   reports,  on  its   Internet   website,
www.seaboardcorp.com,  free  of charge,  as  soon  as  reasonably
practicable after those reports are electronically filed with the
Commission.

Please  note that any internet addresses provided in this  report
are  for  information purposes only and are not  intended  to  be
hyperlinks.   Accordingly,  no  information  provided   at   such
Internet  addresses  is  intended or deemed  to  be  incorporated
herein by reference.

<PAGE> 7

Item 2.  Properties

(1)   Pork - Seaboard's Pork Division owns a hog processing plant
in Guymon, Oklahoma, which opened in 1995.  It has a daily double
shift capacity to process approximately 16,000 hogs and generally
operates at capacity with additional weekend shifts depending  on
market  conditions.   The  plant is  utilized  at  near  capacity
throughout   the  year.   Seaboard's  hog  production  operations
consist  of the breeding and raising of approximately 3.5 million
hogs  annually  at  facilities it either owns or  leases,  or  at
facilities owned and operated by third parties with whom  it  has
grower  contracts.  This business owns and operates six centrally
located  feed  mills  which have a combined capacity  to  produce
approximately  1,700,000 tons of formulated  feed  annually  used
primarily to support Seaboard's existing hog production, and  has
the  capability  of supporting additional hog production  in  the
future.  These facilities are located in Oklahoma, Texas,  Kansas
and Colorado.

(2)  Commodity Trading and Milling - Seaboard's Commodity Trading
and  Milling Division owns, in whole or in part, grain-processing
operations in 13 countries which have the capacity to  mill  over
6,000  metric  tons  of wheat and maize per  day.   In  addition,
Seaboard  has feed mill capacity of in excess of 112 metric  tons
per  hour to produce formula animal feed.  The milling operations
located in Angola, Democratic Republic of Congo, Ecuador, Guyana,
Haiti,  Kenya, Lesotho, Mozambique, Nigeria, Republic  of  Congo,
Sierra  Leone, Uganda and Zambia own their facilities; in  Kenya,
Lesotho, Mozambique, Nigeria, Republic of Congo and Sierra  Leone
the  land  the  mills  are located on is leased  under  long-term
agreements.   Certain foreign milling operations may  operate  at
less  than  full  capacity  due to low  demand  related  to  poor
consumer purchasing power and European-subsidized wheat and flour
exports.   Seaboard  also owns seven 9,000 metric-ton  deadweight
dry  bulk carriers and "time charters" (the charter of a  vessel,
whereby  the  vessel owner is responsible to provide the  captain
and  crew  necessary  to  operate the vessel),  under  short-term
agreements,  between seven and twenty-three  bulk  carrier  ocean
vessels  with  deadweights ranging from 8,000  to  60,000  metric
tons.

(3)   Marine - Seaboard's Marine Division leases a 135,000 square
foot  warehouse and 70 acres of port terminal land and facilities
in  Miami,  Florida  which  are used in its  containerized  cargo
operations.  Seaboard also leases an approximately 62 acre  cargo
handling  and terminal facility in Houston, Texas, which includes
several on-dock warehouses totaling over 690,000 square feet  for
cargo  storage.   Seaboard owns seven ocean  cargo  vessels  with
deadweights  ranging from 2,813 to 14,545 metric  tons  and  time
charters  under  long-term contracts ranging from  one  to  three
years,  and  short-term agreements, between  fifteen  and  twenty
containerized ocean cargo vessels with deadweights  ranging  from
2,600  to  19,456 metric-tons.  In addition, this  business  also
"bareboat  charters"  (the  charter  of  a  vessel,  whereby  the
charterer  is  responsible for providing  the  captain  and  crew
necessary   to   operate  the  vessel),  under  long-term   lease
agreements,   three  containerized  ocean  cargo   vessels   with
deadweights ranging from 12,169 to 12,648 metric tons.   Seaboard
owns   or  leases  an  aggregate  of  approximately  35,000  dry,
refrigerated and specialized containers and related equipment.

(4)   Sugar  and Citrus - Seaboard's Argentine Sugar  and  Citrus
Division owns approximately 46,000 acres of planted sugarcane and
approximately  3,000 acres of orange trees.  Depending  on  local
harvest and market conditions, this business also purchases third
party  sugar  and citrus for resale.  In addition, this  division
owns   a   sugar  mill  with  a  current  capacity   to   process
approximately 180,000 metric tons of sugar per year with plans to
increase  capacity to approximately 200,000 metric tons  for  the
2005 harvest.  This capacity is sufficient to process all of  the
cane harvested by this division and certain additional quantities
harvested  on  behalf of the third party farmers in  the  region.
The  sugarcane fields and processing mill are located in northern
Argentina  in  the  Salta  Province, which  experiences  seasonal
rainfalls  that may limit the harvest season, which then  affects
the duration of mill operations and quantities of sugar produced.
This  division also owns a juice processing plant and fresh fruit
packaging plant with capacity to produce approximately 3,500 tons
of  concentrated juice and package approximately 300,000 boxes of
fresh fruit annually.

(5)  Power - Seaboard's Power Division owns two floating electric
power  generating  facilities, consisting of a system  of  diesel
engines  mounted onto barge-type vessels, with a  combined  rated
capacity  of  approximately 112 megawatts, both  located  on  the
Ozama  River  in Santo Domingo, Dominican Republic.   The  barges
historically generated power at near capacity throughout the year
as  the  demand  for  power  in  the Dominican  Republic  exceeds
reliable  power  supply.  However, Seaboard curtailed  production
from  time to time throughout 2004 due to non-payment by  certain
customers.   Seaboard operates as an independent  power  producer
and   is  not  involved  in  the  transmission  and  distribution
facilities that deliver the power to the end users.

<PAGE> 8

(6)  Other - Seaboard owns a jalapeno pepper processing plant and
warehouse  in  Honduras,  and  leases  40,000  square   feet   of
refrigerated  space and 70,000 square feet of dry  space  in  the
Port of Miami for warehousing produce products.

Management  believes  that  Seaboard's  present  facilities   are
adequate and suitable for its current purposes.

Item 3.  Legal Proceedings

Sierra Club Settlement

In  order to settle threatened additional litigation with  Sierra
Club, Seaboard agreed to conduct an investigation to determine if
corrective action is required at three farms purchased  from  PIC
located in Kingfisher and Major Counties in Oklahoma according to
an  agreed upon process.  Based on the investigation, it has been
determined  that two farms do not require any corrective  action.
The  investigation is ongoing at the remaining farm,  and  it  is
unknown  if  any  remediation will be  required.   The  costs  of
conducting the monitoring and the investigation are not material.

Environmental  Protection  Agency (EPA)  and  State  of  Oklahoma
Claims Concerning Farms in Major and Kingfisher County, Oklahoma

On June 29, 2001, the EPA filed a Unilateral Administrative Order
(the  "RCRA  Order")  pursuant to Section 7003  of  the  Resource
Conservation  and Recovery Act, as amended, 42 U.S.C.  Sec.  6973
("RCRA"),  against  Seaboard  Farms,  Inc.  ("Seaboard   Farms"),
Shawnee Funding, Limited Partnership and PIC International Group,
Inc.  ("PIC")  (collectively,  "Respondents").   The  RCRA  Order
alleges  that  five  swine  farms located  in  Major  County  and
Kingfisher  County, Oklahoma purchased from PIC  are  causing  or
could  cause  contamination of the groundwater.  The  RCRA  Order
alleges  that,  as a result, Respondents have contributed  to  an
"imminent  and  substantial endangerment" within the  meaning  of
RCRA  from  the  leaking of solid waste in the lagoons  or  other
infrastructure at the farms.  The RCRA Order requires Respondents
to  develop and undertake a study to determine if there has  been
any  contamination from farm infrastructure, and if contamination
has  occurred, to develop and undertake a remedial plan.  In  the
event the Respondents fail to comply with the RCRA Order, the EPA
may commence a civil action and can seek a civil penalty of up to
$5,500 per day, per violation.

On  July  23, 2002, Seaboard Farms received a Notice of Violation
from  the  State  of Oklahoma, alleging that Seaboard  Farms  has
violated  various  provisions  of state  law  and  the  operating
permits  related to these same farms based on the same conditions
which gave rise to the RCRA Order.  In the event the State brings
an  enforcement  action, they have threatened  to  do  so  as  an
administrative  action  in  which they  can  seek  administrative
penalties  of not more than $10,000 per day of noncompliance  and
can seek to assess violation points which could prohibit Seaboard
Farms from continuing to operate one or more of these farms.

On  April 15, 2003, EPA sent a formal Notice of Violation  letter
to  the Respondents, alleging that the Respondents have failed to
comply  with  the RCRA Order because they have not undertaken  an
investigation  of  land on which Seaboard Farms spreads  effluent
originating  from  the five facilities.  The Respondents  believe
that the Notice of Violation letter has no merit because the RCRA
Order, by its terms, does not cover these areas, and EPA does not
have  jurisdiction to impose the RCRA Order with respect to  land
application activities.

Seaboard  Farms  disputes  the  RCRA  Order  and  the  State   of
Oklahoma's contentions on legal and factual grounds, and  advised
the  EPA  that it won't comply with the RCRA Order,  as  written.
Notwithstanding,  Seaboard  Farms  has  undertaken  an  extensive
investigation  under  the  RCRA Order, and  has  had  significant
discussions with the EPA and the State of Oklahoma, proposing  to
take a number of corrective actions with respect to the farms  in
order to attempt to settle the RCRA Order and the Oklahoma Notice
of  Violation. As a part of those discussions, the  EPA  and  the
State  of  Oklahoma, advised Seaboard Farms that  one  additional
farm  in  Kingfisher County must be included in  any  settlement,
although neither agency has filed any formal claims with  respect
to that farm.    The EPA recently advised Seaboard Farms that any
such   settlement  must  include  a  civil  fine  of  $1,200,000.
Seaboard Farms believes that the EPA has no authority to impose a
civil  fine,  but is attempting to negotiate a settlement.     If
the  matter is not settled, the EPA could bring an action against
Seaboard Farms to enforce the RCRA Order, although Seaboard Farms
believes it has meritorious defenses to any such action,  or  the
EPA  could  determine  to take no further action.    A  tentative
verbal  settlement  has been reached with the State  of  Oklahoma
which would require Seaboard Farms to pay a fine of $100,000  and
to undertake agreed upon supplemental environmental projects at a
cost of $80,000.  The settlement is subject to the final terms of
the  settlement being agreed to and the approval of the  Oklahoma
Board  of  Agriculture.  Irrespective of the settlement, Seaboard
intends  to  proceed  with its proposed corrective  actions  with
respect to the farms.

<PAGE> 9

The  farms  at  issue were previously owned by  PIC  and  PIC  is
indemnifying  Seaboard  Farms with  respect  to  the  RCRA  Order
(reserving  its  right  to  contest the  obligation  to  do  so),
pursuant  to an indemnification agreement which has a $5  million
limit.  If the tentative settlement with the State of Oklahoma is
agreed  to, the estimated cumulative costs which will be expended
pursuant to the settlement will total approximately $6.2 million,
not  including the additional legal costs required  to  negotiate
the settlement and not including any fines which are required  by
EPA or the fine tentatively agreed to with the State of Oklahoma.
If  the  measures  taken  pursuant  to  the  settlement  are  not
effective  or  if certain additional issues arise  at  the  farms
after the settlement, other measures with additional costs may be
required.  PIC  has  advised  Seaboard  Farms  that  it  is   not
responsible  for  the  costs in excess of $5  million.   Seaboard
Farms disputes PIC's determination of the costs to be included in
the  calculation.  Seaboard Farms believes that the costs  to  be
considered are less than $5 million, such that PIC is responsible
for  all  such  costs  and  penalties, except  for  approximately
$180,000 of estimated costs that would be incurred over  5  years
subsequent  to  the settlement for certain testing and  sampling.
Seaboard Farms has agreed to conduct such testing and sampling as
a  part  of  the  sampling it conducts in the  normal  course  of
operations  and believes that the incremental costs  incurred  to
conduct  such  testing and sampling will be less  than  $180,000.
Seaboard  Farms  also  believes that  a  more  general  indemnity
agreement would require indemnification of liability in excess of
$5 million (excluding the estimated $180,000 cost for testing and
sampling), although PIC disputes this.

Potential Additional EPA Claims

EPA  has  been  conducting  a  broad-reaching  investigation   of
Seaboard  Farms,  seeking information as to compliance  with  the
Clean  Water  Act  (CWA),  Comprehensive Environmental  Response,
Compensation  &  Liability Act (CERCLA) and the  Clean  Air  Act.
Through  Information Requests and farm inspections, EPA  obtained
information  that  may  be  related to  whether  Seaboard  Farms'
operations  are  discharging pollutants to waters of  the  United
States  in  violation  of  the  CWA, whether  National  Pollutant
Discharge  Elimination  System storm water  construction  permits
were  obtained, where required, whether there has  been  unlawful
filling of or discharge to "wetlands" within the jurisdiction  of
the  CWA,  whether Seaboard Farms has properly reported emissions
of  hazardous substances into the air under CERCLA,  and  whether
some  of  its  farms  may be emitting air  pollutants  at  levels
subject to Clean Air Act permitting requirements.  As a result of
the  investigation, EPA requested that Seaboard Farms  engage  in
settlement discussions to avoid further EPA investigative efforts
and  potential  formal  claims being filed.   EPA  has  presented
settlement demands, and Seaboard Farms has responded.  Management
believes  it  has  meritorious legal  and  factual  defenses  and
objections  to  EPA's  demands, but will continue  to  engage  in
settlement  discussions.  Such settlement discussions could  lead
to an enforceable settlement agreement.

On  April  2,  2002,  the United States Environmental  Protection
Agency  ("EPA") sent to Seaboard Farms a letter pursuant  to  the
Clean  Air Act ("CAA") demanding Seaboard Farms monitor emissions
at certain hog confinement facilities for purposes of determining
whether these operations are in compliance with the CAA.  The EPA
also  requested  that Seaboard Farms agree that these  facilities
are  comparable to all other facilities operated,  and  that  the
monitoring results can be reasonably extrapolated to estimate the
emissions for all other farms operated by Seaboard Farms.  If any
of  the  specified farms are not comparable, the letter  demanded
that  Seaboard  Farms  conduct monitoring at  those  farms.   The
letter  also  required  that Seaboard Farms  submit  a  plan  and
protocol  for  testing  for  emissions  of  particulate   matter,
volatile organic compounds and hydrogen sulfide.

Although  management  believes that EPA's demand  is  beyond  the
Agency's  authority pursuant to the CAA and that  Seaboard  Farms
cannot  be  required  to undertake the air  monitoring,  Seaboard
Farms is engaging in discussions with EPA to attempt to reach  an
agreement  that will be satisfactory to EPA.  Seaboard Farms  has
proposed   to  conduct  certain  studies  to  resolve   the   CAA
allegations,  which  studies are estimated to cost  approximately
$30,000.  No final settlement has been reached with EPA.

If  no  agreement is reached with EPA, EPA could bring a suit  to
enforce  the  provisions of the letter, and if a  court  were  to
determine  that  EPA  is within its authority,  the  court  could
impose   a   civil  penalty  of  up  to  $27,500   per   day   of
non-compliance, and could order injunctive relief requiring  that
Seaboard  Farms conduct the monitoring.  Seaboard Farms  believes
the emissions from its hog operations do not require CAA permits.

On  February  20,  2003,  Seaboard Farms received  an  additional
Information Request from EPA seeking information as to compliance
with  the CWA by Seaboard Farms with respect to virtually all  of
its confined animal feeding operations.   Management has complied
with  the  Information Request.  At present, no relief  has  been
sought by the EPA.

<PAGE> 10

On   March  24,  2003,  Seaboard  Farms  received  an  additional
Information Request seeking information as to a hog  farm  and  a
feed  mill,  each located in Colorado.  The Company has  complied
with  the  Information Request.  At present, no relief  has  been
sought by the EPA.

The  costs  incurred  to  comply  with  the  various  Information
Requests from EPA are not material.

Other

On January 26, 2004, the U.S. Department of Justice sent Seaboard
Marine,  Ltd. a letter stating that it was investigating possible
violations of 49 U.S.C. sections 5104-5124 and 49 C.F.R. sections
171-173 relating to the transportation, storage and discharge  of
hazardous materials.  On September 21, 2004, Seaboard Marine pled
guilty to the violations.  In conjunction with this guilty  plea,
Seaboard Marine entered into a Plea Agreement agreeing  to pay  a
fine,   restitution   and  other  costs  totaling   approximately
$300,000, to implement a compliance plan, and to conduct training
of employees.   At the sentencing, the US attorney will recommend
that  the  judge  impose  the sentence  set  forth  in  the  Plea
Agreement, although the judge has discretion to impose a fine  of
up to $500,000.

Item 4.  Submission of Matters to a Vote of Security Holders

No  matter was submitted to a vote of security holders during the
last quarter of the fiscal year covered by this report.

Executive Officers of Registrant

The  following  table  lists the executive officers  and  certain
significant  employees  of Seaboard.  Generally,  each  executive
officer  is  elected  at  the annual  meeting  of  the  Board  of
Directors following the Annual Meeting of Stockholders and  holds
his  office  until  the  next such annual meeting  or  until  his
successor   is   duly  chosen  and  qualified.   There   are   no
arrangements  or understandings pursuant to which  any  executive
officer was elected.

Name  (Age)               Positions and Offices with Registrant and
                          Affiliates

H. Harry Bresky (79)      Chairman of the Board, President and Chief
                          Executive Officer of Seaboard;
                          Manager of Seaboard Flour LLC

Steven J. Bresky (51)     Senior Vice President, International
                          Operations

Robert L. Steer (45)      Senior Vice President,  Treasurer  and
                          Chief Financial Officer

David M. Becker (43)      Vice President, General  Counsel  and
                          Secretary

Barry E. Gum (38)         Vice President, Finance

James L. Gutsch (51)      Vice President, Engineering

Ralph L. Moss (59)        Vice President, Governmental Affairs

David S. Oswalt (37)      Vice President, Taxation and  Business
                          Development

John A. Virgo (44)        Vice President, Corporate Controller and
                          Chief Accounting Officer

Rodney K. Brenneman (40)  President, Seaboard Farms, Inc.

Edward A. Gonzalez (39)   President, Seaboard Marine Ltd.

Mr.  H.  Harry Bresky has served as President and Chief Executive
Officer  of  Seaboard  since  February  2001  and  previously  as
President  of  Seaboard  from 1967 to 2001.   He  has  served  as
Manager  of  Seaboard  Flour,  LLC  (previously  Seaboard   Flour
Corporation)  since 2002.  Previously he served as  President  of
Seaboard  Flour  Corporation  from  1987  through  2002,  and  as
Treasurer  of Seaboard Flour Corporation from 1973 through  2002.
Mr. Bresky is the father of Steven J. Bresky.

Mr.  Steven  J.  Bresky  has  served as  Senior  Vice  President,
International  Operations of Seaboard  since  February  2001  and
previously as Vice President of Seaboard from 1989 to 2001.

Mr.  Steer  has  served as Senior Vice President,  Treasurer  and
Chief  Financial  Officer  of Seaboard since  February  2001  and
previously as Vice President, Chief Financial Officer of Seaboard
from 1998 to 2001.

<PAGE> 11

Mr.  Becker  has  served as Vice President, General  Counsel  and
Secretary of Seaboard since December 2003, and previously as Vice
President, General Counsel and Assistant Secretary from  2001  to
2003.   He  served as General Counsel and Assistant Secretary  of
Seaboard from 1998 to 2001.

Mr.  Gum has served as Vice President, Finance of Seaboard  since
December  2003, previously as Director of Finance  from  2000  to
2003 and prior to that as Finance Manager from 1999 to 2000.

Mr.  Gutsch has served as Vice President, Engineering of Seaboard
since December 1998.

Mr.  Moss  has served as Vice President, Governmental Affairs  of
Seaboard   since  December  2003  and  previously  as   Director,
Government Affairs from 1993 to 2003.

Mr.  Oswalt  has served as Vice President, Taxation and  Business
Development  of  Seaboard since December 2003 and  previously  as
Director of Tax from 1995 to 2003.

Mr.  Virgo has served as Vice President, Corporate Controller and
Chief  Accounting  Officer of Seaboard since  December  2003  and
previously as Corporate Controller from 1996 to 2003.

Mr.  Brenneman  has served as President of Seaboard  Farms,  Inc.
since  June  2001 and previously served as Senior Vice  President
and Chief Financial Officer of Seaboard Farms, Inc. from 1997  to
2001.

Mr.  Gonzalez  has served as President of Seaboard  Marine,  Ltd.
since  January  2005 and previously served as Vice  President  of
Terminal Operations of Seaboard Marine Ltd. from 2000 to 2005 and
Director of Terminal Operations from 1998 to 2000.


                             PART II

Item  5.   Market  for  Registrant's Common  Equity  and  Related
           Stockholder Matters

Seaboard's Board of Directors intends that Seaboard will continue
to  pay  quarterly  dividends, with  the  actual  amount  of  any
dividends   being  dependant  upon  such  factors  as  Seaboard's
financial  condition,  results  of  operations  and  current  and
anticipated  cash  needs,  including  capital  requirements.   As
discussed  in  Note  8  of the consolidated financial  statements
appearing  on  pages  43 through 44 of the  Seaboard  Corporation
Annual   Report  to  Stockholders  furnished  to  the  Commission
pursuant  to  Rule 14a-3(b) and attached as Exhibit  13  to  this
Report,  Seaboard's  ability  to declare  and  pay  dividends  is
subject to limitations imposed by the note agreements referred to
there.

Seaboard  has  not established any equity compensation  plans  or
individual  agreements  for its employees  under  which  Seaboard
common  stock,  or options, rights or warrants  with  respect  to
Seaboard common stock, may be granted.

Seaboard  did  not sell any equity securities during  the  fiscal
year  covered by this report that were not registered  under  the
Securities Act of 1933.

There  were no purchases made by or on behalf of Seaboard or  any
"affiliated  purchaser" (as defined by applicable  rules  of  the
Commission)  of  shares  of Seaboard's common  stock  during  the
fourth quarter of the fiscal year covered by this report.

In  addition  to the information provided above, the  information
required  by  Item  5  of  Form 10-K is  incorporated  herein  by
reference to (a) the information under "Stockholder Information -
Stock Listing" and (b) the dividends per common share information
and  market  price  range  per  common  share  information  under
"Quarterly  Financial  Data"  appearing  on  pages  59   and   8,
respectively,   of  Seaboard's  Annual  Report  to   Stockholders
furnished  to  the  Commission  pursuant  to  Rule  14a-3(b)  and
attached as Exhibit 13 to this report.

Item 6.  Selected Financial Data

The  information required by Item 6 of Form 10-K is  incorporated
herein  by reference to the "Summary of Selected Financial  Data"
appearing  on  page 7 of Seaboard's Annual Report to Stockholders
furnished  to  the  Commission  pursuant  to  Rule  14a-3(b)  and
attached as Exhibit 13 of this Report.

<PAGE> 12

Item  7.   Management's  Discussion  and  Analysis  of  Financial
           Condition and Results of Operations

The  information required by Item 7 of Form 10-K is  incorporated
herein  by reference to "Management's Discussion and Analysis  of
Financial Condition and Results of Operations" appearing on pages
9   through  24  of  Seaboard's  Annual  Report  to  Stockholders
furnished  to  the  Commission  pursuant  to  Rule  14a-3(b)  and
attached as Exhibit 13 to this Report.

Item  7A.  Quantitative and Qualitative Disclosures About  Market
           Risk

The  information required by Item 7A of Form 10-K is incorporated
herein  by  reference  to  (a) the material  under  the  captions
"Derivative Instruments and Hedging Activities" within Note 1  of
Seaboard's Consolidated Financial Statements appearing  on  pages
34  and 35, and (b) to the material under the caption "Derivative
Information"  within  "Management's Discussion  and  Analysis  of
Financial Condition and Results of Operations" appearing on pages
22  through  24  of  Seaboard's  Annual  Report  to  Stockholders
furnished  to  the  Commission  pursuant  to  Rule  14a-3(b)  and
attached as Exhibit 13 to this Report.

Item 8.  Financial Statements and Supplementary Data

The  information required by Item 8 of Form 10-K is  incorporated
herein  by  reference to Seaboard's "Quarterly  Financial  Data,"
"Report  of  Independent  Registered  Public  Accounting   Firm,"
"Consolidated   Balance  Sheets,"  "Consolidated  Statements   of
Earnings,"  "Consolidated  Statements  of  Changes  in   Equity,"
"Consolidated   Statements  of  Cash   Flows"   and   "Notes   to
Consolidated Financial Statements" appearing on page 8 and  pages
26  through  58  of  Seaboard's  Annual  Report  to  Stockholders
furnished  to  the  Commission  pursuant  to  Rule  14a-3(b)  and
attached as Exhibit 13 to this Report.

Item  9.   Changes  in  and  Disagreements  with  Accountants  on
           Accounting and Financial Disclosure

Not applicable.

Item 9A.  Controls and Procedures

Evaluation of Disclosure Controls and Procedures - As of December
31,   2004,  Seaboard's  management  has  evaluated,  under   the
direction  of  our chief executive and chief financial  officers,
the   effectiveness   of  Seaboard's  disclosure   controls   and
procedures, as defined in Exchange Act 15(d) - 15(e).  Based upon
and as of the date of that evaluation, Seaboard's chief executive
and chief financial officers concluded that Seaboard's disclosure
controls and procedures were effective to ensure that information
required  to  be  disclosed in the reports it files  and  submits
under the Securities Exchange Act of 1934 is recorded, processed,
summarized and reported as and when required.  It should be noted
that  any  system of disclosure controls and procedures,  however
well designed and operated, can provide only reasonable, and  not
absolute,  assurance that the objectives of the system  are  met.
In  addition, the design of any system of disclosure controls and
procedures is based in part upon assumptions about the likelihood
of   future   events.   Because  of  these  and  other   inherent
limitations  of  any such system, there can be no assurance  that
any  design  will  always succeed in achieving its  stated  goals
under all potential future conditions, regardless of how remote.

Management's Report on Internal Control Over Financial  Reporting
-  Information required by Item 9A pursuant to rules 13a-15(f) is
incorporated  herein  by  reference to  Seaboard's  "Management's
Report on Internal Control over Financial Reporting" appearing on
page 25 of Seaboard's Annual Report to Stockholders furnished  to
the  commission pursuant to Rule 14a-3(b) and attached as Exhibit
13 to this report.

Change  in  Internal  Controls - There  has  been  no  change  in
Seaboard's   internal  control  over  financial  reporting   that
occurred  during the fiscal quarter ended December 31, 2004  that
has  materially affected, or is reasonably likely  to  materially
affect, Seaboard's internal control over financial reporting.

Item 9B.  Other Information

As  discussed in Note 13 to the Consolidated Financial Statements
appearing  on page 55 of Seaboard's Annual Report to Stockholders
furnished  to  the  Commission  pursuant  to  Rule  14a-3(b)  and
attached as Exhibit 13 to this Report, during the fourth  quarter
of  2004  Seaboard recorded an impairment in value of its  equity
investment in a wine business.

On  March  4,  2005  Seaboard adopted  the  Seaboard  Corporation
Retiree Medical Benefit Plan, included as Exhibit 10.10.

On   March 4, 2005,  Seaboard   filed  the  Seaboard  Corporation
Executive Officers' Bonus Policy, included as Exhibit 10.11.

On  March  4, 2005, Seaboard amended it Code of Ethics Policy  as
discussed in Item 10 below.

<PAGE> 13

                            PART III

Item 10.  Directors and Executive Officers of the Registrant

We  refer  you  to  the information under the caption  "Executive
Officers  of  Registrant"  appearing  immediately  following  the
disclosure in Item 4 of Part I of this report.

Seaboard  has  adopted  a Code of Ethics Policy  (the  Code)  for
directors, officers (including our chief executive officer, chief
financial  officer,  chief  accounting  officer,  controller  and
persons  performing similar functions) and employees, which  Code
was amended and restated effective March 4, 2005.  A copy of this
Code, as amended, is attached as Exhibit 14 to this Report.   The
amendment  clarified that subsidiaries of Seaboard must  adopt  a
similar  policy and made certain other clarifications.   Seaboard
has    posted    the    Code    on    its    internet    website,
www.seaboardcorp.com, and intends to disclose any future  changes
and  waivers  to  the  Code by posting such information  on  that
website.

In  addition  to the information provided above, the  information
required  by  Item  10  of  Form 10-K is incorporated  herein  by
reference to (a) the disclosure relating to directors under "Item
1:   Election of Directors" appearing on page 5 of the 2005 Proxy
statement,  (b)  the  disclosure  relating  to  Seaboard's  audit
committee and "audit committee financial expert" and its director
nomination  procedures under "Meetings of the Board of  Directors
and  Committees -- Committees of the Board" appearing on pages  6
and 7 of Seaboard's definitive proxy statement filed pursuant  to
Regulation 14A for the 2005 annual meeting of Stockholders ("2005
Proxy  Statement"),  and  (c)  the disclosure  relating  to  late
filings of reports required under Section 16(a) of the Securities
Exchange  Act  of 1934 under "Section 16(a) Beneficial  Ownership
Reporting  Compliance" appearing on page 22  of  the  2005  Proxy
Statement.

Item 11.  Executive Compensation

The  information required by Item 11 of Form 10-K is incorporated
herein   by   reference  to  (a)  the  disclosure   relating   to
compensation  of  directors  under  "Meetings  of  the  Board  of
Directors and Committees -- Committees of the Board" appearing on
pages 6 and 7 of the 2005 Proxy statement, and (b) the disclosure
relating  to compensation of executive officers under  "Executive
Compensation  and  Other  Information,"  "Retirement  Plans"  and
"Compensation  Committee  Interlocks and  Insider  Participation"
appearing on pages 8 through 13 and pages 17 and 18 of  the  2005
Proxy Statement.

Item  12.   Security Ownership of Certain Beneficial  Owners  and
            Management

Seaboard  has  not established any equity compensation  plans  or
individual  agreements  for its employees  under  which  Seaboard
common  stock,  or options, rights or warrants  with  respect  to
Seaboard common stock may be granted.

In  addition  to the information provided above, the  information
required  by  Item  12  of  Form 10-K is incorporated  herein  by
reference  to  the disclosure under "Principal Stockholders"  and
"Share Ownership of Management and Directors" appearing on  pages
3 and 4 of the 2005 Proxy Statement.

Item 13.  Certain Relationships and Related Transactions

The  information required by Item 13 of Form 10-K is incorporated
herein  by  reference to "Compensation Committee  Interlocks  and
Insider  Participation" appearing on pages 17 and 18 of the  2005
Proxy Statement.

Item 14.  Principal Accounting Fees and Services

The  information required by Item 14 of Form 10-K is incorporated
herein   by  reference  to  "Item  2   Selection  of  Independent
Auditors"  appearing on pages 18 through 20  of  the  2005  Proxy
Statement.

                             PART IV

Item 15.  Exhibits, Financial Statement Schedules

(a)  The following documents are filed as part of this report:

     1. Consolidated financial statements.

        See Index to Consolidated Financial Statements on page F-1.

     2. Consolidated financial statement schedules.

        See Index to Consolidated Financial Statements on page F-1.

<PAGE> 14

     3.Exhibits.

       3.1    Seaboard's Certificate of Incorporation, as amended.
              Incorporated herein by reference to Exhibit 3.1 of
              Seaboard's Annual Report on Form 10-K for the fiscal
              year ended December 31, 1992.

       3.2    Seaboard's By-laws, as amended.  Incorporated herein by
              reference to Exhibit 3.2 of Seaboard's Annual Report on
              Form 10-K for the fiscal year ended December 31, 2001.

       4.1    Note Purchase Agreement dated December 1, 1993 between
              Seaboard and various purchasers as listed in the
              exhibit.  Incorporated herein by reference to Exhibit
              4.1 of Seaboard's Annual Report on Form 10-K for the
              fiscal year ended December 31, 1993.  The Annexes and
              Exhibits to the Note Purchase Agreement have been
              omitted from the filing, but will be provided
              supplementally upon request of the Commission.

       4.2    Seaboard Corporation 6.49% Senior Note Due
              December 1, 2005 issued pursuant to the Note Purchase
              Agreement described above.  Incorporated herein by
              reference to Exhibit 4.2 of Seaboard's Annual Report on
              Form 10-K for the fiscal year ended December 31, 1993.

       4.3    Note Purchase Agreement dated June 1, 1995 between
              Seaboard and various purchasers as listed in the
              exhibit.  Incorporated herein by reference to Exhibit
              4.3 of Seaboard's Form 10-Q for the quarter ended
              September 9, 1995.  The Annexes and Exhibits to the
              Note Purchase Agreement have been omitted from the
              filing, but will be provided supplementally upon
              request of the Commission.

       4.4    Seaboard Corporation 7.88% Senior Note Due June 1, 2007
              issued pursuant to the Note Purchase Agreement
              described above.  Incorporated herein by reference to
              Exhibit 4.4 of Seaboard's Form 10-Q for the quarter
              ended September 9, 1995.

       4.5    Seaboard Corporation Note Agreement dated as of
              December 1, 1993 ($100,000,000 Senior Notes due
              December 1, 2005).  First Amendment to Note Agreement.
              Incorporated herein by reference to Exhibit 4.7 of
              Seaboard's Form 10-Q for the quarter ended
              March 23, 1996.

       4.6    Seaboard Corporation Note Agreement dated as of
              June 1, 1995 ($125,000,000 Senior Notes due
              June 1, 2007).  First Amendment to Note Agreement.
              Incorporated herein by reference to Exhibit 4.8 of
              Seaboard's Form 10-Q for the quarter ended
              March 23, 1996.

       4.7    Second Amendment to the Note Purchase Agreements dated
              as of December 1, 1993 ($100,000,000 Senior Notes due
              December 1, 2005).  Incorporated herein by reference to
              Exhibit 4.1 of Seaboard's Form 10-Q for the quarter
              ended September 28, 2002.

       4.8    Second Amendment to the Note Purchase Agreements dated
              as of June 1, 1995 ($125,000,000 Senior Notes due June
              1, 2007).  Incorporated herein by reference to Exhibit
              4.2 of Seaboard's Form 10-Q for the quarter ended
              September 28, 2002.

       4.9    Seaboard Corporation Note Purchase Agreement dated as
              of September 30, 2002 between Seaboard and various
              purchasers as listed in the exhibit.  Incorporated
              herein by reference to Exhibit 4.3 of Seaboard's Form
              10-Q for the quarter ended September 28, 2002.  The
              Annexes and Exhibits to the Note Purchase Agreement
              have been omitted from the filing, but will be provided
              supplementally upon request of the Commission.

       4.10   Seaboard Corporation $32,500,000 5.8% Senior Note,
              Series A, due September 30, 2009  issued pursuant to
              the Note Purchase Agreement described above.
              Incorporated herein by reference to Exhibit 4.4 of
              Seaboard's Form 10-Q for the quarter ended
              September 28, 2002.

       4.11   Seaboard Corporation $38,000,000 6.21% Senior Note,
              Series B, due September 30, 2009  issued pursuant to
              the Note Purchase Agreement described above.
              Incorporated herein by reference to Exhibit 4.5 of
              Seaboard's Form 10-Q for the quarter ended
              September 28, 2002.

       4.12   Seaboard Corporation $7,500,000 6.21% Senior Note,
              Series C, due September 30, 2012  issued pursuant to
              the Note Purchase Agreement described above.
              Incorporated herein by reference to Exhibit 4.6 of
              Seaboard's Form 10-Q for the quarter ended
              September 28, 2002.

<PAGE> 15

       4.13   Seaboard Corporation $31,000,000 6.92% Senior Note,
              Series D, due September 30, 2012  issued pursuant to
              the Note Purchase Agreement described above.
              Incorporated herein by reference to Exhibit 4.7 of
              Seaboard's Form 10-Q for the quarter ended
              September 28, 2002.

       4.14   Seaboard Corporation Credit Agreement dated as of
              December 3, 2004 ($200,000,000 revolving credit
              facility expiring on December 2, 2009).  The schedules
              and exhibits to the Credit Agreement have been omitted
              from this filing, but will be provided supplementally
              upon request of the Commission.

       10.1*  Seaboard Corporation Executive Retirement Plan
              dated November 5, 2004, amending and restating the
              Seaboard Corporation Executive Retirement Plan dated
              January 1, 1997 as amended and restated February 28,
              2001.  The addendums to the Executive Retirement Plan
              have been omitted from the filing, but will be provided
              supplementally upon request of the Commission.
              Incorporated herein by reference to Exhibit 10.1 of
              Seaboard's Form 10-Q for the quarter ended October 2,
              2004.

       10.2*  Seaboard Corporation Supplemental Executive
              Benefit Plan as Amended and Restated.  Incorporated
              herein by reference to Exhibit 10.2 of Seaboard's Form
              10-K for fiscal year ended December 31, 2000.

       10.3*  Seaboard Corporation Supplemental Executive
              Retirement Plan for H. Harry Bresky dated
              March 21, 1995.  Incorporated herein by reference to
              Exhibit 10.3 of Seaboard's Annual Report on Form 10-K
              for the fiscal year ended December 31, 1995.

       10.4*  Seaboard Corporation Executive Deferred
              Compensation Plan dated January 1, 1999.  Incorporated
              herein by reference to Exhibit 10.1 of Seaboard's Form
              10-Q for the quarter ended March 31, 1999.

       10.5*  Seaboard Corporation Executive Retirement Plan
              Trust dated November 5, 2004 between Seaboard
              Corporation and Robert L. Steer as trustee.
              Incorporated herein by reference to Exhibit 10.2 of
              Seaboard's Form 10-Q for the quarter ended October 2,
              2004.

       10.6*  Seaboard Corporation Investment Option Plan dated
              December 18, 2000.  Incorporated herein by reference to
              Exhibit 10.7 of Seaboard's Form 10-K for fiscal year
              ended December 31, 2000.

       10.7   Reorganization Agreement by and between Seaboard
              Corporation and Seaboard Flour Corporation as of
              October 18, 2002.  Incorporated herein by reference to
              Exhibit 10.1 of the Form 8-K dated October 18, 2002.

       10.8   Purchase and Sale Agreement dated October 18, 2002 by
              and between Flour Holdings LLC and Seaboard Flour
              Corporation with respect to which the "Earnout
              Payments" thereunder have been assigned to Seaboard
              Corporation.  Incorporated herein by reference to
              Exhibit 10.2 of Seaboard's Form 10-Q for the quarter
              ended September 28, 2002.

       10.9   Marketing Agreement dated February 2, 2004 by and among
              Seaboard Corporation, Seaboard Farms, Inc., Triumph
              Foods LLC, and for certain limited purposes only, the
              members of Triumph Foods LLC.  Incorporated herein by
              reference to Exhibit 10.2 of Seaboard's Form 8-K dated
              February 3, 2004.

       10.10* Seaboard Corporation Retiree Medical Benefit Plan
              dated March 4, 2005.  The exhibit to the Retiree
              Medical Benefit Plan has   been omitted from this
              filing, but will be provided supplementally upon
              request of the Commission.

       10.11* Seaboard Corporation Executive Officers' Bonus
              Policy.

       13     Sections of Annual Report to security holders
              specifically incorporated herein by reference herein.

       14     Code of Ethics Policy as amended as of March 4, 2005.

       21     List of subsidiaries.

       31.1   Certification of the Chief Executive Officer Pursuant
              to Exchange Act Rules 13a-14(a)/15d-14(a), as Adopted
              Pursuant to Section 302 of the Sarbanes-Oxley Act of
              2002.

<PAGE> 16

       31.2   Certification of the Chief Financial Officer Pursuant
              to Exchange Act Rules 13a-14(a)/15d-14(a), as Adopted
              Pursuant to Section 302 of the Sarbanes-Oxley Act of
              2002.

       32.1   Certification of the Chief Executive Officer Pursuant
              to 18 U.S.C. Section 1350, as Adopted Pursuant to
              Section 906 of the Sarbanes-Oxley Act of 2002.

       32.2   Certification of the Chief Financial Officer Pursuant
              to 18 U.S.C. Section 1350, as Adopted Pursuant to
              Section 906 of the Sarbanes-Oxley Act of 2002.

     *  Management contract or compensatory plan or arrangement.

(b)  Exhibits.

See exhibits identified above under Item 15(a)3.

(c)  Financial Statement Schedules.

See financial statement schedules identified above under Item
15(a)2.

<PAGE> 17

                           SIGNATURES

Pursuant  to  the  requirements of Section 13  or  15(d)  of  the
Securities  Exchange Act of 1934, Seaboard has duly  caused  this
report  to  be signed on its behalf by the undersigned, thereunto
duly authorized.

                      SEABOARD CORPORATION

By    /s/H. H. Bresky                      By    /s/Robert L. Steer
      H. H. Bresky, President and Chief          Robert L. Steer, Senior Vice
      Executive Officer                          President, Treasurer and
      (principal executive officer)              Chief Financial Officer
                                                 (principal financial officer)

Date: March 4, 2005                        Date: March 4, 2005



By    /s/John A. Virgo
      John A. Virgo, Vice President,
      Corporate Controller and Chief
      Accounting Officer
      (principal accounting officer)

Date: March 4, 2005



Pursuant  to the requirements of the Securities Exchange  Act  of
1934,  this report has been signed below by the following persons
on  behalf  of Registrant and in the capacities and on the  dates
indicated.

By    /s/H. H. Bresky                      By    /s/Kevin M. Kennedy
      H. H. Bresky, Director and Chairman        Kevin M. Kennedy, Director
      of the Board

Date: March 4, 2005                        Date: March 4, 2005



By    /s/David A. Adamsen                  By    /s/Joseph E. Rodrigues
      David A. Adamsen, Director                 Joseph E. Rodrigues, Director

Date: March 4, 2005                        Date: March 4, 2005



By    /s/Douglas W. Baena
      Douglas W. Baena, Director

Date: March 4, 2005

<PAGE> 18



              SEABOARD CORPORATION AND SUBSIDIARIES

     Index to Consolidated Financial Statements and Schedule

                      Financial Statements


                                                               Stockholders'
                                                            Annual Report Page

Report of Independent Registered Public Accounting Firm             26

Consolidated Balance Sheets as of December 31, 2004
 and December 31, 2003                                              28

Consolidated Statements of Earnings for the years
 ended December 31, 2004, December 31, 2003 and
 December 31, 2002                                                  29

Consolidated Statements of Changes in Equity for the
 years ended December 31, 2004, December 31, 2003 and
 December 31, 2002                                                  30

Consolidated Statements of Cash Flows for the years
 ended December 31, 2004, December 31, 2003 and
 December 31, 2002                                                  31

Notes to Consolidated Financial Statements                          32

The foregoing are incorporated herein by reference.

The   individual  financial  statements  of  the  nonconsolidated
foreign  affiliates, which would be required if each such foreign
affiliate  were a Registrant, are omitted because (a)  Seaboard's
and  its other subsidiaries' investments in and advances to  such
foreign affiliates do not exceed 20% of the total assets as shown
by  the most recent consolidated balance sheet and (b) Seaboard's
and  its other subsidiaries' equity in the earnings before income
taxes and extraordinary items of the foreign affiliates does  not
exceed   20%   of  such  income  of  Seaboard  and   consolidated
subsidiaries  compared to the average income for  the  last  five
fiscal years.

Combined   condensed   financial  information   as   to   assets,
liabilities  and  results of operations have been  presented  for
nonconsolidated  foreign affiliates in Note 5 of  "Notes  to  the
Consolidated Financial Statements."

II - Valuation and Qualifying Accounts for the years ended
     December 31, 2004, 2003 and 2002                              F-3

All  other  schedules are omitted as the required information  is
inapplicable  or the information is presented in the consolidated
financial statements or related consolidated notes.

<PAGE> F-1

     REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

The Board of Directors and Stockholders
Seaboard Corporation:

Under  date  of  March 4, 2005, we reported on  the  consolidated
balance  sheets  of  Seaboard Corporation and  subsidiaries  (the
Company)  as  of  December 31, 2004 and  2003,  and  the  related
consolidated statements of earnings, changes in equity  and  cash
flows  for  each  of  the  years in the three-year  period  ended
December  31, 2004, as contained in the December 31, 2004  annual
report  to stockholders.  These consolidated financial statements
and  our  report  thereon are incorporated by  reference  in  the
annual report on Form 10-K for the year ended December 31,  2004.
In  connection with our audits of the aforementioned consolidated
financial  statements, we also audited the  related  consolidated
financial statement schedule as listed in the accompanying index.
This  financial statement schedule is the responsibility  of  the
Company's  management.   Our  responsibility  is  to  express  an
opinion on this financial statement schedule based on our audits.

In   our   opinion,  such  financial  statement  schedule,   when
considered  in  relation  to  the  basic  consolidated  financial
statements  taken as a whole, presents fairly,  in  all  material
respects, the information set forth therein.

Our  report dated March 4, 2005 contains an explanatory paragraph
that  states  that  the  Company adopted Statement  of  Financial
Standards No. 143, "Accounting for Asset Retirement Obligations,"
and  FASB  Interpretation  No.  46,  "Consolidation  of  Variable
Interest  Entities,"  and changed its method  of  accounting  for
costs   expected  to  be  incurred  during  regularly   scheduled
drydocking  of  vessels from the accrual method  to  the  direct-
expense method in 2003.



                                   KPMG LLP

Kansas City, Missouri
March 4, 2005

<PAGE> F-2

<TABLE>
<CAPTION>
                                                      Schedule II
              SEABOARD CORPORATION AND SUBSIDIARIES
                Valuation and Qualifying Accounts
                         (In Thousands)



                                      Balance at        Provision   Net deductions   Accounting    Balance at
                                   beginning of year       (1)           (2)         changes (3)  end of year
<S>                                    <C>                <C>          <C>             <C>          <C>
Year ended December 31, 2004:

  Allowance for doubtful accounts      $23,359            2,463        (11,298)             -       $14,524

Year ended December 31, 2003:

  Allowance for doubtful accounts      $16,178            8,473         (1,292)             -       $23,359

  Drydock accrual                      $ 6,393                -              -         (6,393)      $     -

Year ended December 31, 2002:

  Allowance for doubtful accounts      $20,571               62         (4,455)             -       $16,178

  Drydock accrual                      $ 6,052            3,709         (3,368)             -       $ 6,393


<FN>
(1)  The allowance for doubtful accounts provision is charged  to
selling,  general and administrative expenses.  Through  December
31, 2002, the provision for drydock was charged to cost of sales.

(2)  Includes   write-offs  net  of  recoveries  and   currency
translation adjustments.

(3)  Effective January 1, 2003, Seaboard changed its  method  of
accounting  for  drydock maintenance costs  from  the  accrue-in-
advance  method  to  the direct-expense  method.   As  a  result,
Seaboard  reversed  its  allowance  for  drydock  accrual  as   a
cumulative effect of a change in accounting principle.
</TABLE>

<PAGE> F-3
</TEXT>
</DOCUMENT>
