Seaboard (SEB) 10-Q 5 Aug 14 2014 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Jun. 28, 2014	Jul. 23, 2014
Document and Entity Information	'	'
Entity Registrant Name	'SEABOARD CORP /DE/	'
Entity Central Index Key	'0000088121	'
Document Type	'10-Q	'
Document Period End Date	28-Jun-14	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--12-31	'
Entity Current Reporting Status	'Yes	'
Entity Filer Category	'Large Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	1,170,550
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q2	'

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Comprehensive Income (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Share data, unless otherwise specified	Jun. 28, 2014	Jun. 29, 2013	Jun. 28, 2014	Jun. 29, 2013
Net sales:	'	'	'	'
Products (includes sales to affiliates of $179,031, $164,548, $375,017 and $347,083)	$1,417,116	$1,371,142	$2,630,871	$2,634,415
Service revenues	224,127	237,948	436,160	483,960
Other	53,348	74,949	107,196	147,960
Total net sales	1,694,591	1,684,039	3,174,227	3,266,335
Cost of sales and operating expenses:	'	'	'	'
Products	1,249,249	1,294,124	2,354,832	2,465,826
Services	202,482	216,097	396,989	441,092
Other	45,433	58,408	99,391	117,101
Total cost of sales and operating expenses	1,497,164	1,568,629	2,851,212	3,024,019
Gross income	197,427	115,410	323,015	242,316
Selling, general and administrative expenses	63,088	61,861	123,473	125,309
Operating income	134,339	53,549	199,542	117,007
Other income (expense):	'	'	'	'
Interest expense	-3,856	-2,370	-8,676	-4,762
Interest income	1,724	4,269	8,804	8,358
Interest income from affiliates	6,880	5,370	13,236	11,525
Income (loss) from affiliates	7,803	-4,547	14,447	-7,397
Other investment income (loss), net	2,787	-1,932	3,360	254
Foreign currency losses, net	-2,994	-135	-8,687	-1,280
Miscellaneous, net	-2,393	3,870	-2,253	4,692
Total other income, net	9,951	4,525	20,231	11,390
Earnings before income taxes	144,290	58,074	219,773	128,397
Income tax expense	-49,851	-18,048	-76,885	-30,614
Net earnings	94,439	40,026	142,888	97,783
Less: Net income attributable to noncontrolling interests	-762	-479	-1,045	-782
Net earnings attributable to Seaboard	93,677	39,547	141,843	97,001
Earnings per common share (in dollars per share)	$79.01	$33.07	$119.53	$81.06
Other comprehensive income (loss), net of income tax benefit of $725, $2,939, $10,388 and $5,540:	'	'	'	'
Foreign currency translation adjustment	-2,790	-6,699	-29,565	-12,821
Unrealized gain (loss) on investments	498	-2,137	1,024	-1,708
Unrealized gain (loss) on cash flow hedges	-275	'	86	'
Unrecognized pension cost	320	2,545	640	3,737
Other comprehensive loss, net of tax	-2,247	-6,291	-27,815	-10,792
Comprehensive income	92,192	33,735	115,073	86,991
Less: Comprehensive income attributable to noncontrolling interests	-765	-522	-1,044	-819
Comprehensive income attributable to Seaboard	$91,427	$33,213	$114,029	$86,172
Average number of shares outstanding (in shares)	1,185,633	1,195,815	1,186,640	1,196,656

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Comprehensive Income (Parenthetical) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 28, 2014	Jun. 29, 2013	Jun. 28, 2014	Jun. 29, 2013
Condensed Consolidated Statements of Comprehensive Income	'	'	'	'
Products, sales to affiliates	$179,031	$164,548	$375,017	$347,083
Other comprehensive income (loss), income tax benefit	$725	$2,939	$10,388	$5,540

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Jun. 28, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Current assets:	'	'
Cash and cash equivalents	$73,654	$55,055
Short-term investments	325,134	290,649
Receivables, net of allowance	582,520	651,404
Inventories	724,636	698,998
Deferred income taxes	25,170	23,449
Other current assets	125,947	134,394
Total current assets	1,857,061	1,853,949
Net property, plant and equipment	862,673	863,573
Investments in and advances to affiliates	417,652	406,900
Notes receivable from affiliates	189,856	180,386
Goodwill	43,218	43,218
Other intangible assets, net	18,872	18,997
Other assets	46,551	51,025
Total assets	3,435,883	3,418,048
Current liabilities:	'	'
Notes payable to banks	37,998	67,699
Current maturities of long-term debt	85,500	11,697
Accounts payable	193,658	200,242
Deferred revenue	61,658	46,192
Other current liabilities	262,832	289,497
Total current liabilities	641,646	615,327
Long-term debt, less current maturities	628	80,480
Deferred income taxes	78,893	73,336
Other liabilities and deferred credits	173,473	168,935
Total non-current liabilities	252,994	322,751
Commitments and contingent liabilities	'	'
Stockholders' equity:	'	'
Common stock of $1 par value, Authorized 1,250,000 shares; issued and outstanding 1,170,550 and 1,188,955 shares	1,171	1,189
Accumulated other comprehensive loss	-209,612	-181,797
Retained earnings	2,743,937	2,655,857
Total Seaboard stockholders' equity	2,535,496	2,475,249
Noncontrolling interests	5,747	4,721
Total equity	2,541,243	2,479,970
Total liabilities and stockholders' equity	$3,435,883	$3,418,048

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Jun. 28, 2014	Dec. 31, 2013
Condensed Consolidated Balance Sheets	'	'
Common stock, par value (in dollars per share)	$1	$1
Common stock, Authorized shares	1,250,000	1,250,000
Common stock, issued shares	1,170,550	1,188,955
Common stock, outstanding shares	1,170,550	1,188,955

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements of Cash Flows (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 28, 2014	Jun. 29, 2013
Cash flows from operating activities:	'	'
Net earnings	$142,888	$97,783
Adjustments to reconcile net earnings to cash from operating activities:	'	'
Depreciation and amortization	46,057	46,513
Gain from sale of fixed assets	-1,887	-6,393
Deferred income taxes	13,362	2,278
Pay-in-kind interest and accretion on notes receivable from affiliates	-7,535	-6,431
Loss (income) from affiliates	-14,447	7,397
Dividends received from affiliates	1,823	11,129
Other investment income, net	-3,360	-254
Other, net	626	-109
Changes in assets and liabilities:	'	'
Receivables, net of allowance	69,297	-26,429
Inventories	-51,365	-3,186
Other current assets	6,042	-8,598
Current liabilities, exclusive of debt	-5,728	-70,405
Other, net	7,140	3,119
Net cash from operating activities	202,913	46,414
Cash flows from investing activities:	'	'
Purchase of short-term investments	-567,264	-391,782
Proceeds from the sale of short-term investments	530,709	338,843
Proceeds from the maturity of short-term investments	3,338	3,644
Capital expenditures	-68,213	-82,136
Proceeds from the sale of fixed assets	2,252	9,890
Investments in and advances to affiliates, net	-1,786	-11,913
Principal payments received on long-term notes receivable from affiliates	'	81,272
Purchase of long-term investments	-2,333	-3,079
Other, net	-70	7,382
Net cash from investing activities	-103,367	-47,879
Cash flows from financing activities:	'	'
Notes payable to banks, net	-23,943	36,820
Principal payments of long-term debt	-5,903	-29,767
Repurchase of common stock	-53,781	-13,693
Other, net	-18	-644
Net cash from financing activities	-83,645	-7,284
Effect of exchange rate change on cash	2,698	109
Net change in cash and cash equivalents	18,599	-8,640
Cash and cash equivalents at beginning of year	55,055	47,651
Cash and cash equivalents at end of period	$73,654	$39,011

Accounting_Policies_and_Basis_

Accounting Policies and Basis of Presentation	6 Months Ended
	Jun. 28, 2014
Accounting Policies and Basis of Presentation	'
Accounting Policies and Basis of Presentation	'
	Note 1 –Accounting Policies and Basis of Presentation
	The Condensed Consolidated Financial Statements include the accounts of Seaboard Corporation and its domestic and foreign subsidiaries (“Seaboard”).  All significant intercompany balances and transactions have been eliminated in consolidation.  Seaboard’s investments in non-consolidated affiliates are accounted for by the equity method.  The unaudited Condensed Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements of Seaboard for the year ended December 31, 2013 as filed in its Annual Report on Form 10-K.  Seaboard’s first three quarterly periods include approximately 13 weekly periods ending on the Saturday closest to the end of March, June and September.  Seaboard’s year-end is December 31.
	The accompanying unaudited Condensed Consolidated Financial Statements include all adjustments (consisting only of normal recurring accruals) which, in the opinion of management, are necessary for a fair presentation of financial position, results of operations and cash flows.  Results of operations for interim periods are not necessarily indicative of results to be expected for a full year.  As Seaboard conducts its commodity trading business with third parties, consolidated subsidiaries and non-consolidated affiliates on an interrelated basis, gross margin on non-consolidated affiliates cannot be clearly distinguished without making numerous assumptions primarily with respect to mark-to-market accounting for commodity derivatives.
	Use of Estimates
	The preparation of the Condensed Consolidated Financial Statements in conformity with U.S. generally accepted accounting principles (GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the Condensed Consolidated Financial Statements, and the reported amounts of revenues and expenses during the reporting period. Significant items subject to such estimates and assumptions include those related to allowance for doubtful accounts, valuation of inventories, impairment of long-lived assets, goodwill and other intangible assets, income taxes and accrued pension liability.  Actual results could differ from those estimates.
	Supplemental Non-Cash Transactions
	Seaboard has notes receivable from affiliates which accrue pay-in-kind interest income, primarily from one affiliate as discussed in Note 9. Seaboard recognized $3,907,000 and $7,535,000, respectively, of non-cash, pay-in-kind interest income and accretion of discount for the three and six months ended June 28, 2014 and $3,320,000 and $6,431,000, respectively, for the three and six months ended June 29, 2013, respectively, related to these notes receivable.
	Recently Issued Accounting Standards Not Yet Adopted
	In May 2014, the Financial Accounting Standards Board issued guidance to develop a single, comprehensive revenue recognition model for all contracts with customers. This guidance requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. This guidance will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. Seaboard is currently evaluating the impact this new guidance will have on its consolidated financial statements and related disclosures.  Seaboard will be required to adopt this guidance on January 1, 2017 and it is currently anticipated that Seaboard will apply this guidance using the cumulative effect transition method.

Investments

Investments	6 Months Ended
	Jun. 28, 2014
Investments	'
Investments	'
	Note 2 – Investments
	Seaboard’s short-term investments are treated as either available-for-sale securities or trading securities.  All of Seaboard’s available-for-sale and trading securities are classified as current assets as they are readily available to support Seaboard’s current operating needs.  Available-for-sale securities are recorded at their estimated fair value with unrealized gains and losses reported, net of tax, as a separate component of accumulated other comprehensive loss.  Trading securities are recorded at their estimated fair value with unrealized gains and losses reflected in other investment income (loss), net.  At June 28, 2014 and December 31, 2013, amortized cost and estimated fair value were not materially different for these investments. At June 28, 2014, money market funds included $6,848,000 denominated in Euros and $5,549,000 denominated in Canadian dollars.
	The following is a summary of the amortized cost and estimated fair value of short-term investments for both available-for-sale and trading securities at June 28, 2014 and December 31, 2013.
		2014				2013
		Amortized		Fair		Amortized		Fair
	(Thousands of dollars)	Cost		Value		Cost		Value
	Money market funds	$	66,993	$	66,993	$	88,430	$	88,430
	Corporate bonds	49,306		49,921		69,591		70,258
	U.S. Government agency securities	43,615		43,629		27,299		27,147
	Asset backed debt securities	10,791		10,791		8,446		8,477
	Collateralized mortgage obligations	5,575		5,584		7,597		7,600
	U.S. Treasury securities	5,039		5,035		5,258		5,223
	Emerging markets debt mutual fund	-		-		17,693		16,941
	Total available-for-sale short-term investments	181,319		181,953		224,314		224,076
	High yield trading debt securities	101,802		103,163		49,352		50,428
	Equity mutual fund	25,087		25,017		-		-
	Money market funds held in trading accounts	5,728		5,728		11,033		11,033
	Domestic equity ETF	4,853		5,107		-		-
	Emerging markets trading debt mutual fund	3,282		2,988		3,202		2,858
	Emerging markets trading debt securities	605		621		1,300		1,336
	Other trading investments	505		557		841		918
	Total available-for-sale and trading short-term investments	$	323,181	$	325,134	$	290,042	$	290,649
	The following table summarizes the estimated fair value of fixed rate securities designated as available-for-sale classified by the contractual maturity date of the security as of June 28, 2014.
	(Thousands of dollars)	2014
	Due within one year	$	1,963
	Due after one year through three years	45,889
	Due after three years	49,675
	Total fixed rate securities	$	97,527
	In addition to its short-term investments, Seaboard also has trading securities related to Seaboard’s deferred compensation plans classified in other current assets on the Condensed Consolidated Balance Sheets.  See Note 5 to the Condensed Consolidated Financial Statements for information on the types of trading securities held related to the deferred compensation plans.

Inventories

Inventories	6 Months Ended
	Jun. 28, 2014
Inventories	'
Inventories	'
	Note 3 – Inventories
	The following is a summary of inventories at June 28, 2014 and December 31, 2013:
		June 28,			December 31,
	(Thousands of dollars)	2014			2013
	At lower of LIFO cost or market:
	Live hogs and materials	$	209,734		$	207,310
	Fresh pork and materials	22,513			33,485
		232,247			240,795
	LIFO adjustment	(49,140		)	(62,236		)
	Total inventories at lower of LIFO cost or market	183,107			178,559
	At lower of FIFO cost or market:
	Grains, oilseeds and other commodities	350,720			299,229
	Sugar produced and in process	41,351			53,325
	Other	71,558			74,289
	Total inventories at lower of FIFO cost or market	463,629			426,843
	Grain, flour and feed at lower of weighted average cost or market	77,900			93,596
	Total inventories	$	724,636		$	698,998

Income_Taxes

Income Taxes	6 Months Ended
	Jun. 28, 2014
Income Taxes	'
Income Taxes	'
	Note 4 – Income Taxes
	Seaboard’s tax returns are regularly audited by federal, state and foreign tax authorities, which may result in material adjustments.  Seaboard’s U.S. federal income tax years’ are closed through 2009. The Internal Revenue Service (IRS) has completed its examination of Seaboard’s 2010 U.S. income tax return.  The examination report will be subject to review by the Joint Committee on Taxation.  There have not been any material changes in unrecognized income tax benefits since December 31, 2013.  Interest related to unrecognized tax benefits and penalties was not material for the six months ended June 28, 2014.
	On January 2, 2013, the American Taxpayer Relief Act of 2012 (the Tax Act) was signed into law.  The Tax Act extended many expired corporate income tax provisions that impact current and deferred taxes for financial reporting purposes.  In accordance with U.S. GAAP, the determination of current and deferred taxes is based on the provisions of the enacted law as of the balance sheet date; the effects of future changes in tax law are not anticipated.  The effects of changes in tax laws, including retroactive changes, are recognized in the financial statements in the period that the changes are enacted.  Accordingly, as the Tax Act was signed into law in 2013, the effects of the retroactive provisions in the new law on current and deferred tax assets and liabilities for Seaboard were recorded in the first quarter of 2013.  The total impact was a one-time tax benefit of $7,945,000 recorded in the first quarter of 2013 related to certain 2012 income tax credits.  In addition to this amount is a one-time credit of approximately $11,260,000 for 2012 Federal blender’s credits that was recognized as revenues in the first quarter of 2013.  See Note 9 for further discussion of this Federal blender’s credit.

Derivatives_and_Fair_Value_of_

Derivatives and Fair Value of Financial Instruments	6 Months Ended
	Jun. 28, 2014
Derivatives and Fair Value of Financial Instruments	'
Derivatives and Fair Value of Financial Instruments	'
	Note 5 – Derivatives and Fair Value of Financial Instruments
	U.S. GAAP discusses valuation techniques, such as the market approach (prices and other relevant information generated by market conditions involving identical or comparable assets or liabilities), the income approach (techniques to convert future amounts to single present amounts based on market expectations including present value techniques and option-pricing), and the cost approach (amount that would be required to replace the service capacity of an asset which is often referred to as replacement cost).  U.S. GAAP utilizes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels.  The following is a brief description of those three levels:
	Level 1:   Observable inputs such as unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date.
	Level 2:   Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly.  These include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active.
	Level 3:    Unobservable inputs that reflect the reporting entity’s own assumptions.
	The following table shows assets and liabilities measured at fair value on a recurring basis as of June 28, 2014 and also the level within the fair value hierarchy used to measure each category of assets.  Seaboard uses the end of the reporting period to determine if there were any transfers between levels.  There were no transfers between levels that occurred in the first six months of 2014.  The trading securities classified as other current assets below are assets held for Seaboard’s deferred compensation plans.
		Balance
		June 28,
	(Thousands of dollars)	2014			Level 1			Level 2			Level 3
	Assets:
	Available-for-sale securities - short-term investments:
	Money market funds	$	66,993		$	66,993		$	-		$	-
	Corporate bonds	49,921			-			49,921			-
	U.S. Government agency securities	43,629			-			43,629			-
	Asset backed debt securities	10,791			-			10,791			-
	Collateralized mortgage obligations	5,584			-			5,584			-
	U.S. Treasury securities	5,035			-			5,035			-
	Trading securities - short-term investments:
	High yield debt securities	103,163			-			103,163			-
	Equity mutual fund	25,017			25,017			-			-
	Money market funds held in trading accounts	5,728			5,728			-			-
	Domestic equity ETF	5,107			5,107			-			-
	Emerging markets trading debt mutual fund	2,988			2,988			-			-
	Emerging markets trading debt securities	621			-			621			-
	Other trading investments	557			-			557			-
	Trading securities - other current assets:
	Domestic equity securities	30,869			30,869			-			-
	Foreign equity securities	8,450			7,049			1,401			-
	Fixed income mutual funds	4,945			4,945			-			-
	Money market funds	2,273			2,273			-			-
	Other	2,083			177			1,906			-
	Derivatives:
	Commodities(1)	9,560			9,560			-			-
	Interest rate swaps	-			-			-			-
	Foreign currencies	2,101			-			2,101			-
	Total Assets	$	385,415		$	160,706		$	224,709		$	-
	Liabilities:
	Derivatives:
	Commodities(1)	$	38,166		$	38,014		$	152		$	-
	Interest rate swaps	6,901			-			6,901			-
	Foreign currencies	378			-			378			-
	Total Liabilities	$	45,445		$	38,014		$	7,431		$	-
	(1) Seaboard’s commodities derivative assets and liabilities are presented in the Condensed Consolidated Balance Sheets on a net basis, including netting the derivatives with the related margin accounts.  As of June 28, 2014, the commodity derivatives had a margin account balance of $44,039,000 resulting in a net other current asset on the Condensed Consolidated Balance Sheets of $15,585,000 and an other current liability of $152,000.
	The following table shows assets and liabilities measured at fair value on a recurring basis as of December 31, 2013 and also the level within the fair value hierarchy used to measure each category of assets.
		Balance
		December 31,
	(Thousands of dollars)	2013			Level 1			Level 2			Level 3
	Assets:
	Available-for-sale securities - short-term investments:
	Money market funds	$	88,430		$	88,430		$	-		$	-
	Corporate bonds	70,258			-			70,258			-
	U.S. Government agency securities	27,147			-			27,147			-
	Emerging markets debt mutual fund	16,941			16,941			-			-
	Asset backed debt securities	8,477			-			8,477			-
	Collateralized mortgage obligations	7,600			-			7,600			-
	U.S. Treasury securities	5,223			-			5,223			-
	Trading securities - short term investments:
	High yield debt securities	50,428			-			50,428			-
	Money market funds held in trading accounts	11,033			11,033			-			-
	Emerging markets trading debt mutual fund	2,858			2,858			-			-
	Emerging markets trading debt securities	1,336			-			1,336			-
	Other trading investments	918			-			918			-
	Trading securities - other current assets:
Domestic equity securities	26,672			26,672			-			-
Foreign equity securities	9,570			7,317			2,253			-
Fixed income mutual funds	3,974			3,974			-			-
Money market funds	1,931			1,931			-			-
Other	3,203			1,628			1,575			-
Derivatives:
Commodities(1)	2,331			2,331			-			-
Foreign currencies	2,763			-			2,763			-
Total Assets	$	341,093		$	163,115		$	177,978		$	-
Liabilities:
Derivatives:
Commodities(1)	$	16,014		$	15,422		$	592		$	-
Interest rate swaps	4,103			-			4,103			-
Foreign currencies	101			-			101			-
Total Liabilities	$	20,218		$	15,422		$	4,796		$	-
(1) Seaboard’s commodities derivative assets and liabilities are presented in the Condensed Consolidated Balance Sheets on a net basis, including netting the derivatives with the related margin accounts.  As of December 31, 2013, the commodity derivatives had a margin account balance of $29,822,000 resulting in a net other current asset on the Condensed Consolidated Balance Sheets of $16,731,000 and an other current liability of $592,000.
Financial instruments consisting of cash and cash equivalents, net receivables, notes payable, and accounts payable are carried at cost, which approximates fair value, as a result of the short-term nature of the instruments.
The fair value of long-term debt is estimated by comparing interest rates for debt with similar terms and maturities. If Seaboard’s debt was measured at fair value on its Condensed Consolidated Balance Sheets, it would have been classified as level 2 in the fair value hierarchy. The amortized cost and estimated fair values of investments and long-term debt at June 28, 2014 and December 31, 2013 are presented below.
	2014						2013
(Thousands of dollars)	Amortized Cost			Fair Value			Amortized Cost			Fair Value
Short-term investments, available-for-sale	$	181,319		$	181,953		$	224,314		$	224,076
Short-term investments, trading debt securities	141,862			143,181			65,728			66,573
Long-term debt	86,128			88,220			92,177			94,578
While management believes its derivatives are primarily economic hedges of its firm purchase and sales contracts or anticipated sales contracts, Seaboard does not perform the extensive record-keeping required to account for these types of transactions as hedges for accounting purposes.  Since these derivatives and interest rate exchange agreements discussed below are not accounted for as hedges, fluctuations in the related commodity prices, currency exchange rates and interest rates could have a material impact on earnings in any given period.  Seaboard also enters into speculative derivative transactions not directly related to its raw material requirements.  The nature of Seaboard’s market risk exposure has not changed materially since December 31, 2013.
Commodity Instruments
Seaboard uses various derivative futures and options to manage its risk to price fluctuations for raw materials and other inventories, finished product sales and firm sales commitments.  At June 28, 2014, Seaboard had open net derivative contracts to purchase 17,760,000 pounds of hogs, 220,000 pounds of milk powder, 80,000 pounds of cheese and 44,000 pounds of dry whey powder and open net derivative contracts to sell 3,759,000 pounds of sugar, 720,000 bushels of grain, 420,000 gallons of heating oil and 178,000 tons of soybean meal.  At December 31, 2013, Seaboard had open net derivative contracts to purchase 51,184,000 pounds of sugar, 32,440,000 pounds of hogs, 6,540,000 bushels of grain, 440,000 pounds of cheese and 308,000 pounds of dry whey powder and open net derivative contracts to sell 12,125,000 pounds of palm oil and 76,000 tons of soybean meal.  Commodity derivatives are recorded at fair value with any changes in fair value being marked to market as a component of cost of sales on the Condensed Consolidated Statements of Comprehensive Income.
Foreign Currency Exchange Agreements
Seaboard enters into foreign currency exchange agreements to manage the foreign currency exchange rate risk with respect to certain transactions denominated in foreign currencies.  Foreign currency exchange agreements that were primarily related to an underlying commodity transaction were recorded at fair value with changes in value marked to market as a component of cost of sales on the Condensed Consolidated Statements of Comprehensive Income.  Foreign exchange agreements that were not related to an underlying commodity transaction were recorded at fair value with changes in value marked to market as a component of foreign currency losses, net on the Condensed Consolidated Statements of Comprehensive Income.
At June 28, 2014 and December 31, 2013, Seaboard had trading foreign currency exchange agreements to cover its firm sales and purchase commitments and related trade receivables and payables with net notional amounts of $88,271,000 and $127,389,000, respectively, primarily related to the South African Rand.
Interest Rate Exchange Agreements
In March and April 2014, Seaboard entered into four approximately eight-year interest rate exchange agreements with mandatory early termination dates in the second half of 2014 for three of the agreements and early 2015 for one of the agreements. These four exchange agreements involve the exchange of fixed-rate and variable-rate interest payments without the exchange of the underlying notional amounts to mitigate the potential effects of fluctuations in interest rates on the anticipated dry bulk vessel leases in the last half of 2014 and early 2015. Seaboard pays a fixed rate and receives a variable rate of interest on these four notional amounts of $22,000,000 each. In 2010, Seaboard entered into three ten-year interest rate exchange agreements which involve the exchange of fixed-rate and variable-rate interest payments over the life of the agreements without the exchange of the underlying notional amounts to mitigate the effects of fluctuations in interest rates on variable rate debt.  Seaboard pays a fixed rate and receives a variable rate of interest on these three notional amounts of $25,000,000 each. All seven of these interest rate exchange agreements do not qualify as hedges for accounting purposes. Accordingly, the changes in fair value of these agreements are recorded in miscellaneous, net in the Condensed Consolidated Statements of Comprehensive Income. At June 28, 2014 and December 31, 2013, Seaboard had seven and three interest rate exchange agreements outstanding, respectively, with a total notional value of $163,000,000 and $75,000,000, respectively.
Counterparty Credit Risk
From time to time Seaboard is subject to counterparty credit risk related to its foreign currency exchange agreements and interest rate swaps, should the counterparties fail to perform according to the terms of the contracts.  As of June 28, 2014, Seaboard’s foreign currency exchange agreements have a maximum amount of loss due to credit risk in the amount of $2,101,000 with six counterparties and no such exposures related to the interest rate swaps.  Seaboard does not hold any collateral related to these agreements.
The following table provides the amount of gain or (loss) recognized in income for each type of derivative and where it was recognized in the Condensed Consolidated Statements of Comprehensive Income for the three and six months ended June 28, 2014 and June 29, 2013.
(Thousands of dollars)
			Three Months Ended							Six Months Ended
			June 28,				June 29,			June 28,			June 29,
			2014				2013			2014			2013
Commodities	Cost of sales		$	9,962			$	5,867		$	3,378		$	1,059
Foreign currencies	Cost of sales		2,328				1,993			2,813			13,499
Foreign currencies	Foreign currency		(1,185		)		1,820			(420		)	5,887
Interest rate	Miscellaneous, net		(3,293		)		2,962			(3,895		)	3,434
The following table provides the fair value of each type of derivative held as of June 28, 2014 and December 31, 2013 and where each derivative is included on the Condensed Consolidated Balance Sheets.
(Thousands of dollars)			Asset Derivatives								Liability Derivatives
			June 28,			December 31,					June 28,		December 31,
			2014			2013					2014		2013
Commodities	Other current assets		$	9,560 (1)		$	2,331		Other current liabilities		$	38,166 (1)	$	16,014
Foreign currencies	Other current assets		2,101			2,763			Other current liabilities		378		101
Interest rate	Other current assets		-			-			Other current liabilities		6,901		4,103
(1)   Seaboard’s commodities derivative assets and liabilities are presented in the Condensed Consolidated Balance Sheets on a net basis, including netting the derivatives with the related margin accounts.  As of June 28, 2014 and December 31, 2013, the commodity derivatives had a margin account balance of $44,039,000 and $29,822,000, respectively, resulting in a net other current asset on the Condensed Consolidated Balance Sheets of $15,585,000 and $16,731,000, respectively and other current liabilities of $152,000 and $592,000, respectively.

Employee_Benefits

Employee Benefits	6 Months Ended
	Jun. 28, 2014
Employee Benefits	'
Employee Benefits	'
	Note 6 – Employee Benefits
	Seaboard maintains two defined benefit pension plans for its domestic salaried and clerical employees.  At this time, no contributions are expected to be made to these plans for the remainder of 2014.  Seaboard also sponsors non-qualified, unfunded supplemental executive plans, and has certain individual, non-qualified, unfunded supplemental retirement agreements for certain retired employees.  Management has no plans to provide funding for these supplemental plans in advance of when the benefits are paid.
	The net periodic benefit cost for all of these plans was as follows:
		Three Months Ended						Six Months Ended
		June 28,			June 29,			June 28,			June 29,
	(Thousands of dollars)	2014			2013			2014			2013
	Components of net periodic benefit cost:
	Service cost	$	2,004		$	2,263		$	3,860		$	4,684
	Interest cost	2,418			2,035			4,821			4,103
	Expected return on plan assets	(2,179		)	(1,614		)	(4,364		)	(3,226		)
	Amortization and other	581			1,543			1,051			3,179
	Agreement termination gain	-			(3,204		)	-			(3,204		)
	Net periodic benefit cost	$	2,824		$	1,023		$	5,368		$	5,536
	In late April 2013, Mr. Joseph E. Rodrigues, Seaboard’s board member and retired former Executive Vice President and Treasurer of Seaboard Corporation, passed away.  During retirement, Mr. Rodrigues received retirement payments under an individual, non-qualified, unfunded supplemental retirement agreement.  Upon his death, this agreement terminated which eliminated the remaining accrued pension liability. This resulted in a one-time agreement termination gain of $3,204,000, or $1,954,000 net of tax, which was recognized in net earnings in addition to a gain of $2,148,000, or $1,310,000 net of tax, from the elimination of unrecognized pension cost in other comprehensive income during the second quarter of 2013.

LongTerm_Debt_Commitments_and_

Long-Term Debt, Commitments and Contingencies	6 Months Ended
	Jun. 28, 2014
Long-Term Debt, Commitments and Contingencies	'
Long-Term Debt, Commitments and Contingencies	'
	Note 7 –Long-Term Debt, Commitments and Contingencies
	In July 2014, Seaboard provided notice of optional prepayment to its lenders related to a credit agreement with an original maturity date of 2021.  As a result, $74,100,000 was reclassified from long-term debt to current maturities of long-term debt as of June 28, 2014.  The total principal payment of $85,500,000 is anticipated to be made on August 29, 2014.  At that time, Seaboard will also be required to pay an approximately $3,760,000 fee for early payment that will be expensed in the third quarter of 2014.
	Contingencies
	On September 19, 2012, the United States Immigration and Customs Enforcement (“ICE”) executed three search warrants authorizing the seizure of certain records from Seaboard’s offices in Merriam, Kansas and at the Seaboard Foods employment office and the human resources department in Guymon, Oklahoma.  The warrants generally called for the seizure of employment-related files, certain e-mails and other electronic records relating to Medicaid and Medicaid recipients, certain health care providers in the Guymon area, and Seaboard’s health plan and certain personnel issues.  The United States Attorney’s Office for the Western District of Oklahoma (“USAO”), which has been leading the investigation, recently advised Seaboard that it intends to close its investigation and that no charges would be brought against Seaboard, although the possibility of proceedings by ICE and/or the Oklahoma Attorney General’s office remains.  No proceedings have been filed or brought as of this time.  It is not possible at this time to determine whether Seaboard will incur any material fines, penalties or liabilities in connection with this matter.
	Seaboard is subject to various administrative and judicial proceedings and other legal matters related to the normal conduct of its business.  In the opinion of management, the ultimate resolutions of these items are not expected to have a material adverse effect on the Condensed Consolidated Financial Statements of Seaboard.
	Contingent Obligations
	Certain of the non-consolidated affiliates and third party contractors who perform services for Seaboard have bank debt supporting their underlying operations.  From time to time, Seaboard will provide guarantees of that debt in order to further Seaboard’s business objectives.  Seaboard does not issue guarantees of third parties for compensation.  As of June 28, 2014, guarantees outstanding to third parties were not material. Seaboard has not accrued a liability for any of the third party or affiliate guarantees as management considers the likelihood of loss to be remote.
	As of June 28, 2014, Seaboard’s borrowing capacity under its uncommitted lines was reduced by letters of credit totaling $3,653,000.  The notes payable to banks under the committed and uncommitted credit lines are unsecured.  These lines of credit do not require compensating balances.

Stockholders_Equity_and_Accumu

Stockholders' Equity and Accumulated Other Comprehensive Loss	6 Months Ended
	Jun. 28, 2014
Stockholders' Equity and Accumulated Other Comprehensive Loss	'
Stockholders' Equity and Accumulated Other Comprehensive Loss	'
	Note 8 – Stockholders’ Equity and Accumulated Other Comprehensive Loss
	Seaboard has a share repurchase program in place which was initially approved by its Board of Directors in November 2009, and is in effect through October 31, 2015.  In May 2014, the Board of Directors increased the dollar amount of Seaboard common stock authorized to be repurchased under the share repurchase program by $20,000,000, and Seaboard commenced a tender offer to repurchase shares.  On June 19, 2014, Seaboard completed the tender offer, pursuant to which it repurchased 16,738 shares of common stock at a price per share of $2,950, for a total cost of $49,377,000. As of June 28, 2014, $50,846,000 remained available for repurchases under the share repurchase program.  For the six months ended June 28, 2014, Seaboard repurchased 18,405 shares of common stock at a total cost of $53,781,000.  Under this share repurchase program, Seaboard is authorized to repurchase its common stock from time to time in open market or privately negotiated purchases, which may be above or below the traded market price.  During the period that the share repurchase program remains in effect, from time to time Seaboard may enter into a 10b5-1 plan authorizing a third party to make such purchases on behalf of Seaboard.  The stock repurchases are being funded by cash on hand, and shares repurchased are being retired and resume the status of authorized and unissued shares.  All stock repurchases are being made in compliance with applicable legal requirements and the timing of the repurchases and the number of shares repurchased at any given time depend upon market conditions, compliance with Securities and Exchange Commission regulations and other factors.  The Board of Directors stock repurchase authorization does not obligate Seaboard to acquire a specific amount of common stock and the stock repurchase program may be suspended at any time at Seaboard’s discretion.
	In December 2012, Seaboard declared and paid a dividend of $12.00 per share on the common stock.  The increased amount of the dividend (which has historically been $0.75 per share on a quarterly basis or $3.00 per share on an annual basis) represented a prepayment of the annual 2013, 2014, 2015 and 2016 dividends ($3.00 per share per year).  Seaboard did not declare or pay a dividend in 2013. Seaboard does not currently intend to declare any further dividends for the years 2014-2016.
	The changes in the components of other comprehensive loss (OCL), net of related taxes, are as follows:
		Three Months Ended								Six Months Ended
		June 28,				June 29,				June 28,				June 29,
	(Thousands of dollars)	2014				2013				2014				2013
	Foreign currency translation adjustment	$	(2,790	)		$	(6,699	)		$	(29,565	)		$	(12,821	)
	Investments:
	Unrealized gain (loss)	553				(1,948		)		568				(1,309		)
	Amounts reclassified from OCL to net earnings	(55		)	-1	(189		)	-1	456			-1	(399		)	-1
	Unrealized gain (loss) on investments	498				(2,137		)		1,024				(1,708		)
	Unrealized gain (loss) on cash flow hedges	(275		)		-				86				-
	Pension cost:
	Unrealized gain	-				1,310				-				1,310
	Amounts reclassified from OCL to net earnings	320			-2	1,235			-2	640			-2	2,427			-2
	Unrecognized pension cost	320				2,545				640				3,737
	Other Comprehensive Loss, Net of Tax	$	(2,247	)		$	(6,291	)		$	(27,815	)		$	(10,792	)
	(1)                    This represents realized gains on the sale of available-for-sale securities and was recorded in other investment income (loss), net.
	(2)                    This primarily represents the amortization of actuarial losses that were included in net periodic pension cost and was recorded in operating income.  See Note 6 for further discussion.
	As discussed in Note 6 to the Condensed Consolidated Financial Statements, Seaboard recognized a one-time retirement agreement termination gain of $1,310,000 net of tax, in unrecognized pension cost in other comprehensive income during the second quarter of 2013.
	The components of accumulated other comprehensive loss, net of related taxes, are as follows:
		June 28,				December 31,
	(Thousands of dollars)	2014				2013
	Cumulative Foreign Currency Translation Adjustment:	$	(184,978	)		$	(155,413	)
	Unrealized Gain on Investments:	1,505				481
	Unrealized Loss on Cash Flow Hedges:	(27		)		(113		)
	Unrecognized Pension Cost:	(26,112		)		(26,752		)
	Total Accumulated Other Comprehensive Loss	$	(209,612	)		$	(181,797	)
	The foreign currency translation adjustment primarily represents the effect of the Argentine peso currency exchange fluctuation on the net assets of the Sugar segment.  At June 28, 2014, the Sugar segment had $124,511,000 in net assets denominated in Argentine pesos and $1,396,000 in net assets denominated in U.S. dollars.  Management anticipates that the Argentine peso may continue to weaken against the U.S. dollar and thus it is anticipated that Seaboard could incur additional foreign currency translation adjustment losses in other comprehensive loss during the remainder of 2014.
	At June 28, 2014 and June 29, 2013, income taxes for cumulative foreign currency translation adjustments were recorded using a 35% effective tax rate except for $50,353,000 and $4,988,000, respectively, related to certain subsidiaries for which no tax benefit was recorded. At June 28, 2014 and June 29, 2013, income taxes for all other components of accumulated other comprehensive loss were recorded using a 39% effective rate except for unrecognized pension cost of $8,498,000 and $20,346,000, respectively, related to employees at certain subsidiaries for which no tax benefit has been recorded.

Segment_Information

Segment Information	6 Months Ended
	Jun. 28, 2014
Segment Information	'
Segment Information	'
	Note 9 –Segment Information
	The Tax Act signed into law in January 2013 as discussed in Note 4, renewed and extended the Federal blender’s credits that Seaboard was entitled to receive for biodiesel it blends which had previously expired on December 31, 2011 and renewed retroactively to January 1, 2012 with an expiration of December 31, 2013.  As a result, in the first quarter of 2013 the Pork segment recognized a one-time credit of approximately $11,260,000 as revenues related to this Federal blender’s tax incentive for gallons produced and sold in fiscal 2012. The Federal blender’s credits have not been renewed for 2014.
	The Commodity Trading and Milling segment has a 50% non-controlling interest in a bakery located in the Democratic Republic of Congo which began start-up operations in the fourth quarter of 2012.  As part of its investment in this bakery, Seaboard has an interest bearing long-term note receivable from this bakery which has a decreasing balance with the first payment due in June 2015 and a final maturity date of December 2020.  Repayment of this note is dependent upon this business improving existing operations to generate adequate future cash flows to make scheduled payments when due.  As of June 28, 2014, the recorded balance of this Note Receivable from Affiliates was $34,144,000.
	The Power segment has been operating a floating power generating facility (72 megawatts) in the Dominican Republic under a short-term lease agreement.  On April 1, 2014, Seaboard provided notice to cancel the lease.  Seaboard will operate the leased facility until September 30, 2014.  Seaboard had previously sold this facility to the current owner in 2011.  As part of the original sale in 2011, Seaboard and the purchaser agreed to defer the sale of inventory to the purchaser related to the leased facility until the end of the lease term.  In addition, $1,500,000 of the original sale price for this facility remained in escrow and currently provides security for the lease until the end of the lease term.  Finalization of the transfer of the leased facility to the owner and related settlement of all items noted above is anticipated to occur during the fourth quarter of 2014.  At that time, Seaboard anticipates recognizing a gain related to these items of an amount estimated to be approximately $4,500,000.
	The Turkey segment, accounted for using the equity method, represents Seaboard’s investment in Butterball, LLC (Butterball).  Butterball had total net sales for the three and six months ended June 28, 2014 of $375,668,000 $731,431,000, respectively, compared to total net sales for the three and six months ended June 29, 2013 of $353,944,000 and $724,514,000, respectively. Butterball had operating income for the three and six months ended June 28, 2014 of $28,682,000 and $49,430,000, respectively, compared to operating loss for the three and six months ended June 29, 2013 of $(2,417,000) and $(4,520,000), respectively.  In the first quarter of 2013, Butterball incurred additional charges for impairment of fixed assets related to the planned sale of its Longmont, Colorado facility of which Seaboard’s proportionate share of these charges represented $(2,704,000) recognized in loss from affiliates.  This facility was sold in the second quarter of 2014 for approximately the remaining net book value. As of June 28, 2014 and December 31, 2013, the Turkey segment had total assets of $1,035,666,000 and $907,004,000, respectively.
	On December 31, 2012, Seaboard provided a loan of $81,231,000 to Butterball, which was included in Notes Receivable from Affiliates.  This loan was made to fund Butterball’s purchase of assets from Gusto Packing Company, Inc., a pork and turkey further processor located in Montgomery, Illinois. In late March 2013, Butterball renegotiated its third party financing and on March 28, 2013 repaid in full this loan from Seaboard.
	In conjunction with Seaboard’s initial investment in Butterball in December 2010, Seaboard has a long-term note receivable from Butterball which had a balance of $133,294,000 as of June 28, 2014.  Part of the interest earned on this note is pay-in-kind interest, which accumulates and is paid at maturity in December 2017.
	The following tables set forth specific financial information about each segment as reviewed by Seaboard’s management. Operating income for segment reporting is prepared on the same basis as that used for consolidated operating income.  Operating income, along with income or losses from affiliates for the Commodity Trading and Milling segment, is used as the measure of evaluating segment performance because management does not consider interest, other investment income and income tax expense on a segment basis.
	Sales to External Customers:
		Three Months Ended						Six Months Ended
		June 28,			June 29,			June 28,			June 29,
	(Thousands of dollars)	2014			2013			2014			2013
	Pork	$	466,735		$	416,850		$	848,825		$	826,102
	Commodity Trading and Milling	914,114			894,762			1,703,504			1,695,516
	Marine	210,960			226,725			411,424			456,881
	Sugar	46,986			67,890			97,342			134,054
	Power	53,033			74,812			106,881			147,779
	All Other	2,763			3,000			6,251			6,003
	Segment/Consolidated Totals	$	1,694,591		$	1,684,039		$	3,174,227		$	3,266,335
	Operating Income (Loss):
		Three Months Ended						Six Months Ended
		June 28,			June 29,			June 28,			June 29,
	(Thousands of dollars)	2014			2013			2014			2013
	Pork	$	110,213		$	23,634		$	170,690		$	55,898
	Commodity Trading and Milling	18,263			8,610			30,193			20,938
	Marine	(3,057		)	(4,114		)	(10,449		)	(7,380		)
	Sugar	9,654			11,578			16,415			28,119
	Power	6,129			15,037			4,445			27,976
	All Other	(8		)	18			329			138
	Segment Totals	141,194			54,763			211,623			125,689
	Corporate Items	(6,855		)	(1,214		)	(12,081		)	(8,682		)
	Consolidated Totals	$	134,339		$	53,549		$	199,542		$	117,007
	Income (Loss) from Affiliates:
		Three Months Ended						Six Months Ended
		June 28,			June 29,			June 28,			June 29,
	(Thousands of dollars)	2014			2013			2014			2013
	Commodity Trading and Milling	$	(2,170	)	$	(2,278	)	$	(2,205	)	$	(188	)
	Sugar	443			24			748			117
	Turkey	9,530			(2,293		)	15,904			(7,326		)
	Segment/Consolidated Totals	$	7,803		$	(4,547	)	$	14,447		$	(7,397	)
	Total Assets:
		June 28,			December 31,
	(Thousands of dollars)	2014			2013
	Pork	$	793,538		$	773,641
	Commodity Trading and Milling	1,114,690			1,056,930
	Marine	263,238			271,012
	Sugar	179,876			226,245
	Power	244,382			267,431
	Turkey	365,199			342,083
	All Other	7,531			6,428
	Segment Totals	2,968,454			2,943,770
	Corporate Items	467,429			474,278
	Consolidated Totals	$	3,435,883		$	3,418,048
	Investments in and Advances to Affiliates:
		June 28,			December 31,
	(Thousands of dollars)	2014			2013
	Commodity Trading and Milling	$	191,799		$	197,036
	Sugar	2,853			2,768
	Turkey	223,000			207,096
	Segment/Consolidated Totals	$	417,652		$	406,900
	Administrative services provided by the corporate office allocated to the individual segments represent corporate services rendered to and costs incurred for each specific segment with no allocation to individual segments of general corporate management oversight costs.  Corporate assets include short-term investments, other current assets related to deferred compensation plans, fixed assets, deferred tax amounts and other miscellaneous items.  Corporate operating losses represent certain operating costs not specifically allocated to individual segments and include costs related to Seaboard’s deferred compensation programs (which are offset by the effect of the mark-to-market investments recorded in Other Investment Income (Loss), Net).

Accounting_Policies_and_Basis_1

Accounting Policies and Basis of Presentation (Policies)	6 Months Ended
	Jun. 28, 2014
Accounting Policies and Basis of Presentation	'
Use of Estimates	'
	Use of Estimates
	The preparation of the Condensed Consolidated Financial Statements in conformity with U.S. generally accepted accounting principles (GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the Condensed Consolidated Financial Statements, and the reported amounts of revenues and expenses during the reporting period. Significant items subject to such estimates and assumptions include those related to allowance for doubtful accounts, valuation of inventories, impairment of long-lived assets, goodwill and other intangible assets, income taxes and accrued pension liability.  Actual results could differ from those estimates.
Supplemental Non-Cash Transactions	'
	Supplemental Non-Cash Transactions
	Seaboard has notes receivable from affiliates which accrue pay-in-kind interest income, primarily from one affiliate as discussed in Note 9. Seaboard recognized $3,907,000 and $7,535,000, respectively, of non-cash, pay-in-kind interest income and accretion of discount for the three and six months ended June 28, 2014 and $3,320,000 and $6,431,000, respectively, for the three and six months ended June 29, 2013, respectively, related to these notes receivable.
Recently Issued Accounting Standards Not Yet Adopted	'
	Recently Issued Accounting Standards Not Yet Adopted
	In May 2014, the Financial Accounting Standards Board issued guidance to develop a single, comprehensive revenue recognition model for all contracts with customers. This guidance requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. This guidance will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. Seaboard is currently evaluating the impact this new guidance will have on its consolidated financial statements and related disclosures.  Seaboard will be required to adopt this guidance on January 1, 2017 and it is currently anticipated that Seaboard will apply this guidance using the cumulative effect transition method.

Investments_Tables

Investments (Tables)	6 Months Ended
	Jun. 28, 2014
Investments	'
Summary of the amortized cost and estimated fair value of short-term investments for both available-for-sale and trading securities	'
	The following is a summary of the amortized cost and estimated fair value of short-term investments for both available-for-sale and trading securities at June 28, 2014 and December 31, 2013.
		2014				2013
		Amortized		Fair		Amortized		Fair
	(Thousands of dollars)	Cost		Value		Cost		Value
	Money market funds	$	66,993	$	66,993	$	88,430	$	88,430
	Corporate bonds	49,306		49,921		69,591		70,258
	U.S. Government agency securities	43,615		43,629		27,299		27,147
	Asset backed debt securities	10,791		10,791		8,446		8,477
	Collateralized mortgage obligations	5,575		5,584		7,597		7,600
	U.S. Treasury securities	5,039		5,035		5,258		5,223
	Emerging markets debt mutual fund	-		-		17,693		16,941
	Total available-for-sale short-term investments	181,319		181,953		224,314		224,076
	High yield trading debt securities	101,802		103,163		49,352		50,428
	Equity mutual fund	25,087		25,017		-		-
	Money market funds held in trading accounts	5,728		5,728		11,033		11,033
	Domestic equity ETF	4,853		5,107		-		-
	Emerging markets trading debt mutual fund	3,282		2,988		3,202		2,858
	Emerging markets trading debt securities	605		621		1,300		1,336
	Other trading investments	505		557		841		918
	Total available-for-sale and trading short-term investments	$	323,181	$	325,134	$	290,042	$	290,649
Summary of estimated fair value of fixed rate securities designated as available-for-sale, classified by the contractual maturity date of the security	'
	The following table summarizes the estimated fair value of fixed rate securities designated as available-for-sale classified by the contractual maturity date of the security as of June 28, 2014.
	(Thousands of dollars)	2014
	Due within one year	$	1,963
	Due after one year through three years	45,889
	Due after three years	49,675
	Total fixed rate securities	$	97,527

Inventories_Tables

Inventories (Tables)	6 Months Ended
	Jun. 28, 2014
Inventories	'
Summary of inventories	'
		June 28,			December 31,
	(Thousands of dollars)	2014			2013
	At lower of LIFO cost or market:
	Live hogs and materials	$	209,734		$	207,310
	Fresh pork and materials	22,513			33,485
		232,247			240,795
	LIFO adjustment	(49,140		)	(62,236		)
	Total inventories at lower of LIFO cost or market	183,107			178,559
	At lower of FIFO cost or market:
	Grains, oilseeds and other commodities	350,720			299,229
	Sugar produced and in process	41,351			53,325
	Other	71,558			74,289
	Total inventories at lower of FIFO cost or market	463,629			426,843
	Grain, flour and feed at lower of weighted average cost or market	77,900			93,596
	Total inventories	$	724,636		$	698,998

Derivatives_and_Fair_Value_of_1

Derivatives and Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 28, 2014
Derivatives and Fair Value of Financial Instruments	'
Schedule of assets and liabilities measured at fair value on a recurring basis	'
		Balance
		June 28,
	(Thousands of dollars)	2014			Level 1			Level 2			Level 3
	Assets:
	Available-for-sale securities - short-term investments:
	Money market funds	$	66,993		$	66,993		$	-		$	-
	Corporate bonds	49,921			-			49,921			-
	U.S. Government agency securities	43,629			-			43,629			-
	Asset backed debt securities	10,791			-			10,791			-
	Collateralized mortgage obligations	5,584			-			5,584			-
	U.S. Treasury securities	5,035			-			5,035			-
	Trading securities - short-term investments:
	High yield debt securities	103,163			-			103,163			-
	Equity mutual fund	25,017			25,017			-			-
	Money market funds held in trading accounts	5,728			5,728			-			-
	Domestic equity ETF	5,107			5,107			-			-
	Emerging markets trading debt mutual fund	2,988			2,988			-			-
	Emerging markets trading debt securities	621			-			621			-
	Other trading investments	557			-			557			-
	Trading securities - other current assets:
	Domestic equity securities	30,869			30,869			-			-
	Foreign equity securities	8,450			7,049			1,401			-
	Fixed income mutual funds	4,945			4,945			-			-
	Money market funds	2,273			2,273			-			-
	Other	2,083			177			1,906			-
	Derivatives:
	Commodities(1)	9,560			9,560			-			-
	Interest rate swaps	-			-			-			-
	Foreign currencies	2,101			-			2,101			-
	Total Assets	$	385,415		$	160,706		$	224,709		$	-
	Liabilities:
	Derivatives:
	Commodities(1)	$	38,166		$	38,014		$	152		$	-
	Interest rate swaps	6,901			-			6,901			-
	Foreign currencies	378			-			378			-
	Total Liabilities	$	45,445		$	38,014		$	7,431		$	-
	(1) Seaboard’s commodities derivative assets and liabilities are presented in the Condensed Consolidated Balance Sheets on a net basis, including netting the derivatives with the related margin accounts.  As of June 28, 2014, the commodity derivatives had a margin account balance of $44,039,000 resulting in a net other current asset on the Condensed Consolidated Balance Sheets of $15,585,000 and an other current liability of $152,000.
		Balance
		December 31,
	(Thousands of dollars)	2013			Level 1			Level 2			Level 3
	Assets:
	Available-for-sale securities - short-term investments:
	Money market funds	$	88,430		$	88,430		$	-		$	-
	Corporate bonds	70,258			-			70,258			-
	U.S. Government agency securities	27,147			-			27,147			-
	Emerging markets debt mutual fund	16,941			16,941			-			-
	Asset backed debt securities	8,477			-			8,477			-
	Collateralized mortgage obligations	7,600			-			7,600			-
	U.S. Treasury securities	5,223			-			5,223			-
	Trading securities - short term investments:
	High yield debt securities	50,428			-			50,428			-
	Money market funds held in trading accounts	11,033			11,033			-			-
	Emerging markets trading debt mutual fund	2,858			2,858			-			-
	Emerging markets trading debt securities	1,336			-			1,336			-
	Other trading investments	918			-			918			-
	Trading securities - other current assets:
	Domestic equity securities	26,672			26,672			-			-
	Foreign equity securities	9,570			7,317			2,253			-
	Fixed income mutual funds	3,974			3,974			-			-
	Money market funds	1,931			1,931			-			-
	Other	3,203			1,628			1,575			-
	Derivatives:
	Commodities(1)	2,331			2,331			-			-
Foreign currencies	2,763			-			2,763			-
Total Assets	$	341,093		$	163,115		$	177,978		$	-
Liabilities:
Derivatives:
Commodities(1)	$	16,014		$	15,422		$	592		$	-
Interest rate swaps	4,103			-			4,103			-
Foreign currencies	101			-			101			-
Total Liabilities	$	20,218		$	15,422		$	4,796		$	-
(1) Seaboard’s commodities derivative assets and liabilities are presented in the Condensed Consolidated Balance Sheets on a net basis, including netting the derivatives with the related margin accounts.  As of December 31, 2013, the commodity derivatives had a margin account balance of $29,822,000 resulting in a net other current asset on the Condensed Consolidated Balance Sheets of $16,731,000 and an other current liability of $592,000.
Schedule of amortized cost and estimated fair values of investments and long term debt	'
	The amortized cost and estimated fair values of investments and long-term debt at June 28, 2014 and December 31, 2013 are presented below.
		2014						2013
	(Thousands of dollars)	Amortized Cost			Fair Value			Amortized Cost			Fair Value
	Short-term investments, available-for-sale	$	181,319		$	181,953		$	224,314		$	224,076
	Short-term investments, trading debt securities	141,862			143,181			65,728			66,573
	Long-term debt	86,128			88,220			92,177			94,578
Schedule of gain or (loss) recognized for each type of derivative and its location in the Consolidated Statements of Comprehensive Income	'
	(Thousands of dollars)
				Three Months Ended							Six Months Ended
				June 28,				June 29,			June 28,			June 29,
				2014				2013			2014			2013
	Commodities	Cost of sales		$	9,962			$	5,867		$	3,378		$	1,059
	Foreign currencies	Cost of sales		2,328				1,993			2,813			13,499
	Foreign currencies	Foreign currency		(1,185		)		1,820			(420		)	5,887
	Interest rate	Miscellaneous, net		(3,293		)		2,962			(3,895		)	3,434
Schedule of fair value of each type of derivative and its location in the Consolidated Balance Sheets	'
	(Thousands of dollars)			Asset Derivatives								Liability Derivatives
				June 28,			December 31,					June 28,		December 31,
				2014			2013					2014		2013
	Commodities	Other current assets		$	9,560 (1)		$	2,331		Other current liabilities		$	38,166 (1)	$	16,014
	Foreign currencies	Other current assets		2,101			2,763			Other current liabilities		378		101
	Interest rate	Other current assets		-			-			Other current liabilities		6,901		4,103
	(1)   Seaboard’s commodities derivative assets and liabilities are presented in the Condensed Consolidated Balance Sheets on a net basis, including netting the derivatives with the related margin accounts.  As of June 28, 2014 and December 31, 2013, the commodity derivatives had a margin account balance of $44,039,000 and $29,822,000, respectively, resulting in a net other current asset on the Condensed Consolidated Balance Sheets of $15,585,000 and $16,731,000, respectively and other current liabilities of $152,000 and $592,000, respectively.

Employee_Benefits_Tables

Employee Benefits (Tables)	6 Months Ended
	Jun. 28, 2014
Employee Benefits	'
Schedule of net periodic benefit cost of plans	'
		Three Months Ended						Six Months Ended
		June 28,			June 29,			June 28,			June 29,
	(Thousands of dollars)	2014			2013			2014			2013
	Components of net periodic benefit cost:
	Service cost	$	2,004		$	2,263		$	3,860		$	4,684
	Interest cost	2,418			2,035			4,821			4,103
	Expected return on plan assets	(2,179		)	(1,614		)	(4,364		)	(3,226		)
	Amortization and other	581			1,543			1,051			3,179
	Agreement termination gain	-			(3,204		)	-			(3,204		)
	Net periodic benefit cost	$	2,824		$	1,023		$	5,368		$	5,536

Stockholders_Equity_and_Accumu1

Stockholders' Equity and Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jun. 28, 2014
Stockholders' Equity and Accumulated Other Comprehensive Loss	'
Schedule of changes in the components of other comprehensive loss (OCL), net of related taxes	'
		Three Months Ended								Six Months Ended
		June 28,				June 29,				June 28,				June 29,
	(Thousands of dollars)	2014				2013				2014				2013
	Foreign currency translation adjustment	$	(2,790	)		$	(6,699	)		$	(29,565	)		$	(12,821	)
	Investments:
	Unrealized gain (loss)	553				(1,948		)		568				(1,309		)
	Amounts reclassified from OCL to net earnings	(55		)	-1	(189		)	-1	456			-1	(399		)	-1
	Unrealized gain (loss) on investments	498				(2,137		)		1,024				(1,708		)
	Unrealized gain (loss) on cash flow hedges	(275		)		-				86				-
	Pension cost:
	Unrealized gain	-				1,310				-				1,310
	Amounts reclassified from OCL to net earnings	320			-2	1,235			-2	640			-2	2,427			-2
	Unrecognized pension cost	320				2,545				640				3,737
	Other Comprehensive Loss, Net of Tax	$	(2,247	)		$	(6,291	)		$	(27,815	)		$	(10,792	)
	(1)                    This represents realized gains on the sale of available-for-sale securities and was recorded in other investment income (loss), net.
	(2)                    This primarily represents the amortization of actuarial losses that were included in net periodic pension cost and was recorded in operating income.  See Note 6 for further discussion.
Schedule of components of accumulated other comprehensive loss, net of related taxes	'
		June 28,				December 31,
	(Thousands of dollars)	2014				2013
	Cumulative Foreign Currency Translation Adjustment:	$	(184,978	)		$	(155,413	)
	Unrealized Gain on Investments:	1,505				481
	Unrealized Loss on Cash Flow Hedges:	(27		)		(113		)
	Unrecognized Pension Cost:	(26,112		)		(26,752		)
	Total Accumulated Other Comprehensive Loss	$	(209,612	)		$	(181,797	)

Segment_Information_Tables

Segment Information (Tables)	6 Months Ended
	Jun. 28, 2014
Segment Information	'
Summary of specific financial information related to sales to external customers	'
		Three Months Ended						Six Months Ended
		June 28,			June 29,			June 28,			June 29,
	(Thousands of dollars)	2014			2013			2014			2013
	Pork	$	466,735		$	416,850		$	848,825		$	826,102
	Commodity Trading and Milling	914,114			894,762			1,703,504			1,695,516
	Marine	210,960			226,725			411,424			456,881
	Sugar	46,986			67,890			97,342			134,054
	Power	53,033			74,812			106,881			147,779
	All Other	2,763			3,000			6,251			6,003
	Segment/Consolidated Totals	$	1,694,591		$	1,684,039		$	3,174,227		$	3,266,335
Summary of specific financial information related to operating income (loss)	'
		Three Months Ended						Six Months Ended
		June 28,			June 29,			June 28,			June 29,
	(Thousands of dollars)	2014			2013			2014			2013
	Pork	$	110,213		$	23,634		$	170,690		$	55,898
	Commodity Trading and Milling	18,263			8,610			30,193			20,938
	Marine	(3,057		)	(4,114		)	(10,449		)	(7,380		)
	Sugar	9,654			11,578			16,415			28,119
	Power	6,129			15,037			4,445			27,976
	All Other	(8		)	18			329			138
	Segment Totals	141,194			54,763			211,623			125,689
	Corporate Items	(6,855		)	(1,214		)	(12,081		)	(8,682		)
	Consolidated Totals	$	134,339		$	53,549		$	199,542		$	117,007
Summary of specific financial information related to income (loss) from affiliates	'
		Three Months Ended						Six Months Ended
		June 28,			June 29,			June 28,			June 29,
	(Thousands of dollars)	2014			2013			2014			2013
	Commodity Trading and Milling	$	(2,170	)	$	(2,278	)	$	(2,205	)	$	(188	)
	Sugar	443			24			748			117
	Turkey	9,530			(2,293		)	15,904			(7,326		)
	Segment/Consolidated Totals	$	7,803		$	(4,547	)	$	14,447		$	(7,397	)
Summary of specific financial information related to total assets	'
		June 28,			December 31,
	(Thousands of dollars)	2014			2013
	Pork	$	793,538		$	773,641
	Commodity Trading and Milling	1,114,690			1,056,930
	Marine	263,238			271,012
	Sugar	179,876			226,245
	Power	244,382			267,431
	Turkey	365,199			342,083
	All Other	7,531			6,428
	Segment Totals	2,968,454			2,943,770
	Corporate Items	467,429			474,278
	Consolidated Totals	$	3,435,883		$	3,418,048
Summary of specific financial information related to investments in and advances to affiliates	'
		June 28,			December 31,
	(Thousands of dollars)	2014			2013
	Commodity Trading and Milling	$	191,799		$	197,036
	Sugar	2,853			2,768
	Turkey	223,000			207,096
	Segment/Consolidated Totals	$	417,652		$	406,900

Accounting_Policies_and_Basis_2

Accounting Policies and Basis of Presentation (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 28, 2014	Jun. 29, 2013	Jun. 28, 2014	Jun. 29, 2013
			affiliate
Supplemental Non-Cash Transactions	'	'	'	'
Number of affiliates	'	'	1	'
Non-cash, pay-in-kind interest income and accretion of discount recognized on a note receivable from an affiliate	$3,907	$3,320	$7,535	$6,431

Investments_Details

Investments (Details) (USD $)	Jun. 28, 2014	Dec. 31, 2013
Investments	'	'
Total available-for-sale and trading short term investments, amortized cost	$323,181,000	$290,042,000
Total available-for-sale and trading short term investments, fair value	325,134,000	290,649,000
Estimated fair value of fixed rate securities designated as available-for-sale, classified by the contractual maturity date of the security	'	'
Due within one year	1,963,000	'
Due after one year through three years	45,889,000	'
Due after three years	49,675,000	'
Total fixed rate securities	97,527,000	'
Available-for-sale securities	'	'
Investments	'	'
Amortized Cost	181,319,000	224,314,000
Fair Value	181,953,000	224,076,000
Money market funds	'	'
Investments	'	'
Amortized Cost	66,993,000	88,430,000
Fair Value	66,993,000	88,430,000
Money market funds | Denominated in Euros	'	'
Investments	'	'
Fair Value	6,848,000	'
Money market funds | Denominated in Canadian dollars	'	'
Investments	'	'
Fair Value	5,549,000	'
Corporate bonds	'	'
Investments	'	'
Amortized Cost	49,306,000	69,591,000
Fair Value	49,921,000	70,258,000
U.S. Government agency securities	'	'
Investments	'	'
Amortized Cost	43,615,000	27,299,000
Fair Value	43,629,000	27,147,000
Asset backed debt securities	'	'
Investments	'	'
Amortized Cost	10,791,000	8,446,000
Fair Value	10,791,000	8,477,000
Collateralized mortgage obligations	'	'
Investments	'	'
Amortized Cost	5,575,000	7,597,000
Fair Value	5,584,000	7,600,000
U.S. Treasury securities	'	'
Investments	'	'
Amortized Cost	5,039,000	5,258,000
Fair Value	5,035,000	5,223,000
Emerging markets debt mutual fund	'	'
Investments	'	'
Amortized Cost	'	17,693,000
Fair Value	'	16,941,000
High yield trading debt securities	'	'
Investments	'	'
Amortized Cost	101,802,000	49,352,000
Fair Value	103,163,000	50,428,000
Equity mutual fund	'	'
Investments	'	'
Amortized Cost	25,087,000	'
Fair Value	25,017,000	'
Money market funds held in trading accounts	'	'
Investments	'	'
Amortized Cost	5,728,000	11,033,000
Fair Value	5,728,000	11,033,000
Domestic equity ETF	'	'
Investments	'	'
Amortized Cost	4,853,000	'
Fair Value	5,107,000	'
Emerging markets trading debt mutual fund	'	'
Investments	'	'
Amortized Cost	3,282,000	3,202,000
Fair Value	2,988,000	2,858,000
Emerging markets trading debt securities	'	'
Investments	'	'
Amortized Cost	605,000	1,300,000
Fair Value	621,000	1,336,000
Other trading investments	'	'
Investments	'	'
Amortized Cost	505,000	841,000
Fair Value	$557,000	$918,000

Inventories_Details

Inventories (Details) (USD $)	Jun. 28, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
At lower of LIFO cost or market:	'	'
Live hogs and materials	$209,734	$207,310
Fresh pork and materials	22,513	33,485
Inventories at lower of LIFO cost or market, Gross	232,247	240,795
LIFO adjustment	-49,140	-62,236
Total inventories at lower of LIFO cost or market	183,107	178,559
At lower of FIFO cost or market:	'	'
Grains, oilseeds and other commodities	350,720	299,229
Sugar produced and in process	41,351	53,325
Other	71,558	74,289
Total inventories at lower of FIFO cost or market	463,629	426,843
Grain, flour and feed at lower of weighted average cost or market	77,900	93,596
Total inventories	$724,636	$698,998

Income_Taxes_Details

Income Taxes (Details) (USD $)	Mar. 30, 2013
Income Taxes	'
One-time tax benefit on enactment of law	$7,945,000
One-time Federal blender's credits recognized as revenue	$11,260,000

Derivatives_and_Fair_Value_of_2

Derivatives and Fair Value of Financial Instruments (Details) (USD $)

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Commodities

Money market funds

Money market funds

Corporate bonds

Corporate bonds

U.S. Government agency securities

U.S. Government agency securities

Asset backed debt securities

Asset backed debt securities

Collateralized mortgage obligations

Collateralized mortgage obligations

U.S. Treasury securities

U.S. Treasury securities

Emerging markets debt mutual fund

High yield debt securities

High yield debt securities

Equity mutual fund

Money market funds held in trading accounts

Money market funds held in trading accounts

Domestic equity ETF

Emerging markets trading debt mutual fund

Emerging markets trading debt mutual fund

Emerging markets trading debt securities

Emerging markets trading debt securities

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Balance at period end

Balance at period end

Balance at period end

Balance at period end

Balance at period end

Balance at period end

Balance at period end

Balance at period end

Balance at period end

Balance at period end

Balance at period end

Balance at period end

Balance at period end

Balance at period end

Balance at period end

Balance at period end

Balance at period end

Balance at period end

Balance at period end

Balance at period end

Balance at period end

Balance at period end

Balance at period end

Balance at period end

Balance at period end

Balance at period end

Balance at period end

Balance at period end

Balance at period end

Balance at period end

Balance at period end

Balance at period end

Balance at period end

Balance at period end

Balance at period end

Balance at period end

Balance at period end

Balance at period end

Balance at period end

Balance at period end

Balance at period end

Balance at period end

Level 1

Level 1

Level 1

Level 1

Level 1

Level 1

Level 1

Level 1

Level 1

Level 1

Level 1

Level 1

Level 1

Level 1

Level 1

Level 1

Level 1

Level 1

Level 1

Level 1

Level 1

Level 1

Level 1

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Commodities

Commodities

Interest rate swaps

Interest rate swaps

Foreign currencies

Foreign currencies

Other current assets

Other current assets

Money market funds

Money market funds

Money market funds

Money market funds

Corporate bonds

Corporate bonds

U.S. Government agency securities

U.S. Government agency securities

Asset backed debt securities

Asset backed debt securities

Collateralized mortgage obligations

Collateralized mortgage obligations

U.S. Treasury securities

U.S. Treasury securities

Emerging markets debt mutual fund

High yield debt securities

High yield debt securities

Equity mutual fund

Money market funds held in trading accounts

Money market funds held in trading accounts

Domestic equity ETF

Emerging markets trading debt mutual fund

Emerging markets trading debt mutual fund

Emerging markets trading debt securities

Emerging markets trading debt securities

Other trading investments

Other trading investments

Domestic equity securities

Domestic equity securities

Foreign equity securities

Foreign equity securities

Fixed income mutual funds

Fixed income mutual funds

Other

Other

Commodities

Commodities

Money market funds

Money market funds

Money market funds

Money market funds

Emerging markets debt mutual fund

Equity mutual fund

Money market funds held in trading accounts

Money market funds held in trading accounts

Domestic equity ETF

Emerging markets trading debt mutual fund

Emerging markets trading debt mutual fund

Domestic equity securities

Domestic equity securities

Foreign equity securities

Foreign equity securities

Fixed income mutual funds

Fixed income mutual funds

Other

Other

Commodities

Commodities

Interest rate swaps

Interest rate swaps

Foreign currencies

Foreign currencies

Corporate bonds

Corporate bonds

U.S. Government agency securities

U.S. Government agency securities

Asset backed debt securities

Asset backed debt securities

Collateralized mortgage obligations

Collateralized mortgage obligations

U.S. Treasury securities

U.S. Treasury securities

High yield debt securities

High yield debt securities

Emerging markets trading debt securities

Emerging markets trading debt securities

Other trading investments

Other trading investments

Foreign equity securities

Foreign equity securities

Other

Other

Commodities

Commodities

Short-term investments

Short-term investments

Other current assets

Other current assets

Short-term investments

Short-term investments

Short-term investments

Short-term investments

Short-term investments

Short-term investments

Short-term investments

Short-term investments

Short-term investments

Short-term investments

Short-term investments

Short-term investments

Short-term investments

Short-term investments

Short-term investments

Short-term investments

Short-term investments

Short-term investments

Short-term investments

Short-term investments

Short-term investments

Short-term investments

Short-term investments

Other current assets

Other current assets

Other current assets

Other current assets

Other current assets

Other current assets

Other current assets

Other current assets

Short-term investments

Short-term investments

Other current assets

Other current assets

Short-term investments

Short-term investments

Short-term investments

Short-term investments

Short-term investments

Short-term investments

Short-term investments

Other current assets

Other current assets

Other current assets

Other current assets

Other current assets

Other current assets

Other current assets

Other current assets

Short-term investments

Short-term investments

Short-term investments

Short-term investments

Short-term investments

Short-term investments

Short-term investments

Short-term investments

Short-term investments

Short-term investments

Short-term investments

Short-term investments

Short-term investments

Short-term investments

Short-term investments

Short-term investments

Other current assets

Other current assets

Other current assets

Other current assets

Derivatives and Fair Value of Financial Instruments

'

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'

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'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Transfers that occurred into or out of level 1

$0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

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'

'

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'

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'

'

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'

'

'

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'

'

'

'

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'

'

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'

'

'

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'

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'

'

'

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'

'

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'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Transfers that occurred into or out of level 2

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Transfers that occurred into or out of level 3

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Assets:

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Available-for-sale securities

'

'

'

66,993,000

88,430,000

49,921,000

70,258,000

43,629,000

27,147,000

10,791,000

8,477,000

5,584,000

7,600,000

5,035,000

5,223,000

16,941,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

66,993,000

88,430,000

'

'

49,921,000

70,258,000

43,629,000

27,147,000

10,791,000

8,477,000

5,584,000

7,600,000

5,035,000

5,223,000

16,941,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

66,993,000

88,430,000

'

'

16,941,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

49,921,000

70,258,000

43,629,000

27,147,000

10,791,000

8,477,000

5,584,000

7,600,000

5,035,000

5,223,000

'

'

'

'

'

'

'

'

'

'

Trading securities

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

103,163,000

50,428,000

25,017,000

5,728,000

11,033,000

5,107,000

2,988,000

2,858,000

621,000

1,336,000

'

'

'

'

'

'

'

'

'

'

'

'

2,273,000

1,931,000

'

'

'

'

'

'

'

'

'

'

'

103,163,000

50,428,000

25,017,000

5,728,000

11,033,000

5,107,000

2,988,000

2,858,000

621,000

1,336,000

557,000

918,000

30,869,000

26,672,000

8,450,000

9,570,000

4,945,000

3,974,000

2,083,000

3,203,000

'

'

'

'

'

'

2,273,000

1,931,000

'

25,017,000

5,728,000

11,033,000

5,107,000

2,988,000

2,858,000

30,869,000

26,672,000

7,049,000

7,317,000

4,945,000

3,974,000

177,000

1,628,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

103,163,000

50,428,000

621,000

1,336,000

557,000

918,000

1,401,000

2,253,000

1,906,000

1,575,000

Derivatives

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

9,560,000

2,331,000

'

'

2,101,000

2,763,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

9,560,000

2,331,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2,101,000

2,763,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total Assets

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

385,415,000

341,093,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

160,706,000

163,115,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

224,709,000

177,978,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Margin account

'

44,039,000

29,822,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

44,039,000

29,822,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Derivative assets and liabilities, net basis

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

15,585,000

16,731,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Liabilities:

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Derivatives

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

38,166,000

16,014,000

6,901,000

4,103,000

378,000

101,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

38,014,000

15,422,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

152,000

592,000

6,901,000

4,103,000

378,000

101,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total Liabilities

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$45,445,000

$20,218,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$38,014,000

$15,422,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$7,431,000

$4,796,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Derivatives_and_Fair_Value_of_3

Derivatives and Fair Value of Financial Instruments (Details 2) (USD $)	Jun. 28, 2014	Dec. 31, 2013
Amortized Cost	'	'
Schedule of amortized cost and estimated fair values of investments and long term debt	'	'
Short-term investments, available-for-sale	$181,319,000	$224,314,000
Short-term investments, trading debt securities	141,862,000	65,728,000
Long-term debt	86,128,000	92,177,000
Fair Value	'	'
Schedule of amortized cost and estimated fair values of investments and long term debt	'	'
Short-term investments, available-for-sale	181,953,000	224,076,000
Short-term investments, trading debt securities	143,181,000	66,573,000
Long-term debt	$88,220,000	$94,578,000

Derivatives_and_Fair_Value_of_4

Derivatives and Fair Value of Financial Instruments (Details 3) (USD $)

Jun. 28, 2014

Dec. 31, 2013

Jun. 28, 2014

Jun. 28, 2014

Dec. 31, 2013

Jun. 28, 2014

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Jun. 28, 2014

Jun. 28, 2014

Jun. 28, 2014

Dec. 31, 2013

Jun. 28, 2014

Dec. 31, 2013

Jun. 28, 2014

Dec. 31, 2013

Dec. 31, 2010

Jun. 28, 2014

Dec. 31, 2013

Apr. 26, 2014

Apr. 26, 2014

Apr. 26, 2014

Net commodity purchase contracts

Net commodity purchase contracts

Net commodity purchase contracts

Net commodity purchase contracts

Net commodity purchase contracts

Net commodity purchase contracts

Net commodity purchase contracts

Net commodity purchase contracts

Net commodity purchase contracts

Net commodity sale contracts

Net commodity sale contracts

Net commodity sale contracts

Net commodity sale contracts

Net commodity sale contracts

Net commodity sale contracts

Foreign currency exchange agreements

Foreign currency exchange agreements

Interest rate exchange agreements

Interest rate exchange agreements

Interest rate exchange agreements

Interest rate exchange agreements

Interest rate exchange agreements

Eight-year interest rate exchange agreements

Hogs

Hogs

Milk powder

Cheese

Cheese

Dry whey powder

Dry whey powder

Sugar

Grain

Sugar

Grain

Heating oil

Palm oil

Soybean meal

Soybean meal

agreement

agreement

agreement

Termination date in the second half of 2014

Termination date in early 2015

agreement

lb

lb

lb

lb

lb

lb

lb

lb

bu

lb

bu

gal

lb

T

T

agreement

agreement

Derivative commodity instruments

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Nonmonetary notional amount

17,760,000

32,440,000

220,000

80,000

440,000

44,000

308,000

51,184,000

6,540,000

3,759,000

720,000

420,000

12,125,000

178,000

76,000

'

'

'

'

'

'

'

'

Notional amounts

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$88,271,000

$127,389,000

$25,000,000

$163,000,000

$75,000,000

'

'

$22,000,000

Number of derivative agreements entered into

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3

7

3

3

1

4

Term of derivative contract

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'10 years

'

'

'

'

'8 years

Derivatives_and_Fair_Value_of_5

Derivatives and Fair Value of Financial Instruments (Details 4) (USD $)

3 Months Ended

6 Months Ended

0 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

Jun. 28, 2014

Jun. 29, 2013

Jun. 28, 2014

Jun. 29, 2013

Jun. 28, 2014

Jun. 28, 2014

Jun. 29, 2013

Jun. 28, 2014

Jun. 29, 2013

Jun. 28, 2014

Jun. 29, 2013

Jun. 28, 2014

Jun. 29, 2013

Jun. 28, 2014

Jun. 29, 2013

Jun. 28, 2014

Jun. 29, 2013

Commodities

Commodities

Commodities

Commodities

Foreign currencies

Foreign currencies

Foreign currencies

Foreign currencies

Foreign currencies

Foreign currencies

Foreign currencies

Foreign currencies

Foreign currencies

Interest rate swaps

Interest rate swaps

Interest rate swaps

Interest rate swaps

Cost of sales

Cost of sales

Cost of sales

Cost of sales

counterparty

Cost of sales

Cost of sales

Cost of sales

Cost of sales

Foreign currency

Foreign currency

Foreign currency

Foreign currency

Miscellaneous, net

Miscellaneous, net

Miscellaneous, net

Miscellaneous, net

Amount of gain or (loss) recognized for each type of derivative and its location in the Consolidated Statements of Comprehensive Income

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Loss due to credit risk associated with derivative contracts

'

'

'

'

$2,101,000

'

'

'

'

'

'

'

'

'

'

'

'

Number of counterparties

'

'

'

'

6

'

'

'

'

'

'

'

'

'

'

'

'

Amount of Gain or (Loss) Recognized in Income on Derivatives

$9,962,000

$5,867,000

$3,378,000

$1,059,000

'

$2,328,000

$1,993,000

$2,813,000

$13,499,000

($1,185,000)

$1,820,000

($420,000)

$5,887,000

($3,293,000)

$2,962,000

($3,895,000)

$3,434,000

Derivatives_and_Fair_Value_of_6

Derivatives and Fair Value of Financial Instruments (Details 5) (USD $)	Jun. 28, 2014	Dec. 31, 2013
Commodities	'	'
Fair value of each type of derivative and its location in the Consolidated Balance Sheets	'	'
Margin account	$44,039,000	$29,822,000
Commodities | Other current assets	'	'
Fair value of each type of derivative and its location in the Consolidated Balance Sheets	'	'
Asset Derivatives	9,560,000	2,331,000
Derivative assets and liabilities, net basis	15,585,000	16,731,000
Commodities | Other current liabilities	'	'
Fair value of each type of derivative and its location in the Consolidated Balance Sheets	'	'
Liability Derivatives	38,166,000	16,014,000
Derivative assets and liabilities, net basis	152,000	592,000
Foreign currencies | Other current assets	'	'
Fair value of each type of derivative and its location in the Consolidated Balance Sheets	'	'
Asset Derivatives	2,101,000	2,763,000
Foreign currencies | Other current liabilities	'	'
Fair value of each type of derivative and its location in the Consolidated Balance Sheets	'	'
Liability Derivatives	378,000	101,000
Interest rate swaps | Other current liabilities	'	'
Fair value of each type of derivative and its location in the Consolidated Balance Sheets	'	'
Liability Derivatives	$6,901,000	$4,103,000

Employee_Benefits_Details

Employee Benefits (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 28, 2014	Jun. 29, 2013	Jun. 28, 2014	Jun. 29, 2013
Components of net periodic benefit cost:	'	'	'	'
Service cost	$2,004,000	$2,263,000	$3,860,000	$4,684,000
Interest cost	2,418,000	2,035,000	4,821,000	4,103,000
Expected return on plan assets	-2,179,000	-1,614,000	-4,364,000	-3,226,000
Amortization and other	581,000	1,543,000	1,051,000	3,179,000
Agreement termination gain	'	-3,204,000	'	-3,204,000
Net periodic benefit cost	2,824,000	1,023,000	5,368,000	5,536,000
Agreement termination gain, net of tax	'	1,954,000	'	'
Agreement termination gain unrecognized in other comprehensive income, before tax	'	2,148,000	'	'
Agreement termination gain unrecognized in other comprehensive income, net of tax	'	1,310,000	'	1,310,000
Defined benefit pension plan	'	'	'	'
Target allocation and pension plan asset allocation	'	'	'	'
Number of defined benefit plans	2	'	2	'
Contributions expected to be made to defined benefit pension plans	'	'	$0	'

LongTerm_Debt_Commitments_and_1

Long-Term Debt, Commitments and Contingencies (Details) (USD $)	6 Months Ended				0 Months Ended
	Jun. 28, 2014	Jun. 29, 2013	Jun. 28, 2014	Jun. 28, 2014	Aug. 29, 2014
			Uncommitted bank lines	Credit Agreement	Subsequent event
					Credit Agreement
					Anticipated
Debt Instrument	'	'	'	'	'
Amount reclassified from long-term debt to current maturities of long-term debt	'	'	'	$74,100,000	'
Principal payments of long-term debt	5,903,000	29,767,000	'	'	85,500,000
Fee for early payment	'	'	'	'	3,760,000
Letters of credit outstanding	'	'	$3,653,000	'	'

Stockholders_Equity_and_Accumu2

Stockholders' Equity and Accumulated Other Comprehensive Loss (Details) (USD $)	0 Months Ended	1 Months Ended		3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 19, 2014	24-May-14	Dec. 31, 2012	Jun. 28, 2014	Jun. 29, 2013	Jun. 28, 2014	Jun. 29, 2013	Dec. 31, 2012	Dec. 31, 2013
Stockholders' Equity and Accumulated Other Comprehensive Loss	'	'	'	'	'	'	'	'	'
Increase in the amount of the share repurchase program	'	$20,000,000	'	'	'	'	'	'	'
Common stock repurchased (in shares)	16,738	'	'	'	'	18,405	'	'	'
Share price of common stock under repurchase program (in dollars per share)	$2,950	'	'	'	'	'	'	'	'
Repurchase of common stock	49,377,000	'	'	'	'	53,781,000	'	'	'
Remaining authorized repurchase amount under November 2009 share repurchase program	'	'	'	50,846,000	'	50,846,000	'	'	'
Common stock dividend declared and paid (in dollars per share)	'	'	$12	'	'	'	'	'	'
Common stock dividend historical amount on a quarterly basis (in dollars per share)	'	'	'	'	'	'	'	$0.75	'
Common stock dividend historical amount on annual basis (in dollars per share)	'	'	'	'	'	'	'	$3	'
Portion of dividend serving as prepayment for next succeeding year (in dollars per share)	'	'	$3	'	'	'	'	'	'
Portion of dividend serving as prepayment for second succeeding year (in dollars per share)	'	'	$3	'	'	'	'	'	'
Portion of dividend serving as prepayment for third succeeding year (in dollars per share)	'	'	$3	'	'	'	'	'	'
Portion of dividend serving as prepayment for fourth succeeding year (in dollars per share)	'	'	$3	'	'	'	'	'	'
Changes in the components of other comprehensive loss (OCL), net of related taxes	'	'	'	'	'	'	'	'	'
Foreign currency translation adjustment	'	'	'	-2,790,000	-6,699,000	-29,565,000	-12,821,000	'	'
Investments:	'	'	'	'	'	'	'	'	'
Unrealized gain (loss)	'	'	'	553,000	-1,948,000	568,000	-1,309,000	'	'
Amount reclassified from OCL to net earnings	'	'	'	-55,000	-189,000	456,000	-399,000	'	'
Unrealized gain (loss) on investments	'	'	'	498,000	-2,137,000	1,024,000	-1,708,000	'	'
Unrealized gain (loss) on cash flow hedges	'	'	'	-275,000	'	86,000	'	'	'
Pension Cost:	'	'	'	'	'	'	'	'	'
Unrealized gain	'	'	'	'	1,310,000	'	1,310,000	'	'
Amount reclassified from OCL to net earnings	'	'	'	320,000	1,235,000	640,000	2,427,000	'	'
Unrecognized pension cost	'	'	'	320,000	2,545,000	640,000	3,737,000	'	'
Other comprehensive loss, net of tax	'	'	'	-2,247,000	-6,291,000	-27,815,000	-10,792,000	'	'
Components of accumulated other comprehensive loss, net of related taxes	'	'	'	'	'	'	'	'	'
Accumulated other comprehensive loss	'	'	'	-209,612,000	'	-209,612,000	'	'	-181,797,000
Income tax rate for foreign currency translation gains and losses (as a percent)	'	'	'	'	'	35.00%	35.00%	'	'
Cumulative foreign currency translation adjustment, net of related taxes	'	'	'	50,353,000	4,988,000	50,353,000	4,988,000	'	'
Tax benefit recorded on unrecognized pension cost	'	'	'	'	'	0	0	'	'
Effective income tax rate for components of accumulated other comprehensive loss (as a percent)	'	'	'	'	'	39.00%	39.00%	'	'
Unrecognized pension cost related to employees at certain subsidiaries	'	'	'	8,498,000	20,346,000	8,498,000	20,346,000	'	'
Argentine pesos | Sugar segment	'	'	'	'	'	'	'	'	'
Components of accumulated other comprehensive loss, net of related taxes	'	'	'	'	'	'	'	'	'
Net assets of Sugar segment	'	'	'	124,511,000	'	124,511,000	'	'	'
U.S. dollars | Sugar segment	'	'	'	'	'	'	'	'	'
Components of accumulated other comprehensive loss, net of related taxes	'	'	'	'	'	'	'	'	'
Net assets of Sugar segment	'	'	'	1,396,000	'	1,396,000	'	'	'
Cumulative Foreign Currency Translation Adjustment:	'	'	'	'	'	'	'	'	'
Components of accumulated other comprehensive loss, net of related taxes	'	'	'	'	'	'	'	'	'
Accumulated other comprehensive loss	'	'	'	-184,978,000	'	-184,978,000	'	'	-155,413,000
Unrealized Gain on Investments:	'	'	'	'	'	'	'	'	'
Components of accumulated other comprehensive loss, net of related taxes	'	'	'	'	'	'	'	'	'
Accumulated other comprehensive loss	'	'	'	1,505,000	'	1,505,000	'	'	481,000
Unrealized Loss on Cash Flow Hedges:	'	'	'	'	'	'	'	'	'
Components of accumulated other comprehensive loss, net of related taxes	'	'	'	'	'	'	'	'	'
Accumulated other comprehensive loss	'	'	'	-27,000	'	-27,000	'	'	-113,000
Unrecognized Pension Cost:	'	'	'	'	'	'	'	'	'
Components of accumulated other comprehensive loss, net of related taxes	'	'	'	'	'	'	'	'	'
Accumulated other comprehensive loss	'	'	'	($26,112,000)	'	($26,112,000)	'	'	($26,752,000)

Segment_Information_Details

Segment Information (Details) (USD $)

Jun. 28, 2014

Dec. 31, 2013

Mar. 30, 2013

Jun. 28, 2014

Dec. 31, 2012

Mar. 30, 2013

Jun. 28, 2014

Dec. 31, 2012

Jun. 28, 2014

Jun. 28, 2014

Jun. 29, 2013

Mar. 30, 2013

Jun. 28, 2014

Jun. 29, 2013

Dec. 31, 2013

Butterball, LLC

Butterball, LLC

Pork

Commodity Trading and Milling

Commodity Trading and Milling

Power

Turkey

Turkey

Turkey

Turkey

Turkey

Turkey

Long-term note receivable

Long-term note receivable

Bakery business

Bakery business

item

Butterball, LLC

Butterball, LLC

Butterball, LLC

Butterball, LLC

Butterball, LLC

Butterball, LLC

Democratic Republic of Congo

Democratic Republic of Congo

Segment Information

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

One-time Federal blender's credits recognized as revenue

'

'

$11,260,000

'

'

$11,260,000

'

'

'

'

'

'

'

'

'

Percentage of ownership

'

'

'

'

'

'

'

50.00%

'

'

'

'

'

'

'

Note Receivable from Affiliates

'

'

'

'

'

'

34,144,000

'

'

'

'

'

'

'

'

Capacity of power facility leased (in megawatts)

'

'

'

'

'

'

'

'

72

'

'

'

'

'

'

Portion of sales price remaining in escrow

'

'

'

'

'

'

'

'

1,500,000

'

'

'

'

'

'

Estimated future gain on sale of assets

'

'

'

'

'

'

'

'

4,500,000

'

'

'

'

'

'

Net sales

'

'

'

'

'

'

'

'

'

375,668,000

353,944,000

'

731,431,000

724,514,000

'

Operating income (loss)

'

'

'

'

'

'

'

'

'

28,682,000

-2,417,000

'

49,430,000

-4,520,000

'

Proportionate share of impairment charges of fixed assets recognized in loss from affiliate

'

'

'

'

'

'

'

'

'

'

'

-2,704,000

'

'

'

Total assets

'

'

'

'

'

'

'

'

'

1,035,666,000

'

'

1,035,666,000

'

907,004,000

Notes receivable from affiliates

$189,856,000

$180,386,000

'

$133,294,000

$81,231,000

'

'

'

'

'

'

'

'

'

'

Segment_Information_Details_2

Segment Information (Details 2) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 28, 2014	Jun. 29, 2013	Jun. 28, 2014	Jun. 29, 2013	Dec. 31, 2013
Segment Information	'	'	'	'	'
Sales to External Customers:	$1,694,591	$1,684,039	$3,174,227	$3,266,335	'
Operating Income (Loss):	134,339	53,549	199,542	117,007	'
Income (Loss) from Affiliates:	7,803	-4,547	14,447	-7,397	'
Total Assets:	3,435,883	'	3,435,883	'	3,418,048
Investment in and Advances to Affiliates:	417,652	'	417,652	'	406,900
Allocation to individual segments of general corporate management oversight costs	'	'	0	'	'
Pork	'	'	'	'	'
Segment Information	'	'	'	'	'
Sales to External Customers:	466,735	416,850	848,825	826,102	'
Operating Income (Loss):	110,213	23,634	170,690	55,898	'
Total Assets:	793,538	'	793,538	'	773,641
Commodity Trading and Milling	'	'	'	'	'
Segment Information	'	'	'	'	'
Sales to External Customers:	914,114	894,762	1,703,504	1,695,516	'
Operating Income (Loss):	18,263	8,610	30,193	20,938	'
Income (Loss) from Affiliates:	-2,170	-2,278	-2,205	-188	'
Total Assets:	1,114,690	'	1,114,690	'	1,056,930
Investment in and Advances to Affiliates:	191,799	'	191,799	'	197,036
Marine	'	'	'	'	'
Segment Information	'	'	'	'	'
Sales to External Customers:	210,960	226,725	411,424	456,881	'
Operating Income (Loss):	-3,057	-4,114	-10,449	-7,380	'
Total Assets:	263,238	'	263,238	'	271,012
Sugar	'	'	'	'	'
Segment Information	'	'	'	'	'
Sales to External Customers:	46,986	67,890	97,342	134,054	'
Operating Income (Loss):	9,654	11,578	16,415	28,119	'
Income (Loss) from Affiliates:	443	24	748	117	'
Total Assets:	179,876	'	179,876	'	226,245
Investment in and Advances to Affiliates:	2,853	'	2,853	'	2,768
Power	'	'	'	'	'
Segment Information	'	'	'	'	'
Sales to External Customers:	53,033	74,812	106,881	147,779	'
Operating Income (Loss):	6,129	15,037	4,445	27,976	'
Total Assets:	244,382	'	244,382	'	267,431
Turkey	'	'	'	'	'
Segment Information	'	'	'	'	'
Income (Loss) from Affiliates:	9,530	-2,293	15,904	-7,326	'
Total Assets:	365,199	'	365,199	'	342,083
Investment in and Advances to Affiliates:	223,000	'	223,000	'	207,096
All Other	'	'	'	'	'
Segment Information	'	'	'	'	'
Sales to External Customers:	2,763	3,000	6,251	6,003	'
Operating Income (Loss):	-8	18	329	138	'
Total Assets:	7,531	'	7,531	'	6,428
Segment Totals	'	'	'	'	'
Segment Information	'	'	'	'	'
Operating Income (Loss):	141,194	54,763	211,623	125,689	'
Total Assets:	2,968,454	'	2,968,454	'	2,943,770
Corporate Items	'	'	'	'	'
Segment Information	'	'	'	'	'
Operating Income (Loss):	-6,855	-1,214	-12,081	-8,682	'
Total Assets:	$467,429	'	$467,429	'	$474,278