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



                               FORM 8-K

                            CURRENT REPORT




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


   Date of Report (Date of earliest event reported) October 18, 2002




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


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


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



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



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


Item 5.  Other Events

On  October  18, 2002, Seaboard Corporation (Seaboard)  consummated  a
transaction with its parent company, Seaboard Flour, pursuant to which
Seaboard effectively repurchased 232,414.85 shares of its common stock
owned   by  Seaboard  Flour  for  $203.26  per  share.  Of  the  total
consideration of $47.24 million, Seaboard Flour was required under the
terms of the transaction immediately to pay $11.26 million to Seaboard
to repay in full all inter-company indebtedness owed by Seaboard Flour
to  Seaboard, and to use the balance of the consideration to pay  bank
indebtedness of Seaboard Flour and transaction expenses.

The  transaction was approved by the Board of Directors  of  Seaboard,
after  receiving the recommendation in favor of the transaction  by  a
special committee of independent directors.  The special committee was
advised  by  independent  legal counsel and an independent  investment
banking  firm.   As  a  result  of the transaction,  Seaboard  Flour's
ownership  interest in Seaboard dropped from approximately 75  percent
to  approximately  71  percent  of the  outstanding  common  stock  of
Seaboard.

As  a  part  of  the transaction, Seaboard Flour also  transferred  to
Seaboard  rights  to  receive possible future  cash  payments  from  a
subsidiary  of Seaboard Flour, based primarily on the future  sale  of
real estate owned by that subsidiary.  To the extent Seaboard receives
cash  payments in the future as a result of those transferred  rights,
Seaboard will issue to Seaboard Flour, at the ten day rolling  average
closing  price, determined as of the twentieth day prior to the  issue
date,  new  shares  of Seaboard common stock.  The maximum  number  of
shares of Seaboard common stock which may be issued to Seaboard  Flour
under  this  transaction is capped and cannot  exceed  the  number  of
shares which were purchased today from Seaboard Flour.


Item 7.  Financial Statements and Exhibits

The following exhibits are included herein.

10.1 Reorganization Agreement by and between Seaboard Corporation  and
     Seaboard Flour Corporation as of October 18, 2002.  The Exhibits and
     Schedules to the Reorganization Agreement have been omitted from the
     filing, but will be provided supplementally upon request  of  the
     Commission.
99.1 Fairness Opinion rendered by independent investment banking firm.


SIGNATURES


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




                           DATE:  October 18, 2002

                           Seaboard Corporation


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