Exhibit 99.1

                              PRESS RELEASE
                            REPORT OF EARNINGS



                                                           November 4, 2003
                                                    Shawnee Mission, Kansas

      The  following is a report of earnings for Seaboard Corporation (AMEX
symbol; SEB) with offices at 9000 West 67th Street, Shawnee Mission, Kansas
66202,  (the "Company"), for the three and nine months ended September  27,
2003  and  September  28,  2002 in thousands of dollars  except  per  share
amounts.

                          Three Months Ended             Nine Months Ended
                      September 27, September 28,   September 27, September 28,
                          2003          2002            2003          2002


Net sales               $  485,417    $  429,800      $1,433,167    $1,349,827
Earnings (loss) before
cumulative effect of
changes in accounting
principles              $    1,838    $   (5,673)     $   (2,011)   $   11,148

Cumulative effect of
changes in accounting
for asset retirement
obligations and dry-dock
accruals, net of income
tax expense of $550              -             -           3,648             -

Net earnings (loss)     $    1,838    $   (5,673)     $    1,637    $   11,148

Earnings (loss) per
share before cumulative
effect of changes in
accounting principles   $     1.46    $    (3.81)     $    (1.60)   $     7.49

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

Net earnings (loss) per
common share            $     1.46    $    (3.81)     $     1.30    $     7.49

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



Notes to Report of Earnings:

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

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

Third  quarter earnings include the Company's share of impairment  charges,
$12,421,000, related to its 20%-owned affiliate, Fjord Seafood  ASA.   Fjord
recognized  asset  impairment charges primarily related  to  certain inventory,
fixed assets and licenses as a result of sustained low world-wide salmon
prices and an unfavorable U.S. court ruling restricting the use of certain
salmon genetic material and requiring extended fallowing of sites for its U.S.
operations.