Exhibit 99.1

                               PRESS RELEASE
                            REPORT OF EARNINGS

                                                           November 5, 2004
                                                    Shawnee Mission, Kansas

The  following  is  a  report  of earnings for Seaboard  Corporation  (AMEX
symbol: SEB) with offices at 9000 West 67th Street, Shawnee Mission, Kansas
66202, (the "Company"), for the three and nine months ended October 2, 2004
and September 27, 2003, in thousands of dollars except per share amounts.

                                 Three Months Ended       Nine Months Ended
                              October 2, September 27, October 2, September 27,
                                 2004        2003         2004        2003

Net  sales                    $  667,462 $  485,417    $1,995,444  $1,433,167

Earnings (loss) before
 cumulative effect of changes
 in accounting principles         46,548      1,838       108,181      (2,011)
Cumulative effect of changes
 in accounting for asset
 retirement obligations and
 drydock accruals, net of
 income tax expense of $550            -          -             -       3,648

Net earnings                  $   46,548 $    1,838    $  108,181  $    1,637

Earnings (loss) per share
 before cumulative effect of
 changes in accounting
 principles                   $    37.09 $     1.46    $    86.20  $    (1.60)
Cumulative effect of changes
 in accounting for asset
 retirement obligations and
 drydock accruals                      -          -             -        2.90
Net earnings per common share $    37.09 $     1.46    $    86.20  $     1.30

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


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, during the first quarter of 2003, the Company recorded
the  cumulative effect of the change in accounting principle with a  charge
to  earnings  of  $2,195,000 ($1,339,000 net of tax) or  $1.07  per  common
share.

Additionally, effective January 1, 2003, the Company changed its method  of
accounting  for the scheduled drydock 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
drydock  maintenance as of December 31, 2002, resulting in an  increase  in
earnings of $6,393,000 ($4,987,000 net of tax) or $3.97 per common share.

During  the  three  and  nine  months ended September  27,  2003,  Seaboard
recorded its share of losses from its 20%-owned equity investment in  Fjord
Seafood  ASA totaling $13,420,000 and $16,256,000, respectively,  including
third   quarter  charges  totaling  $12,421,000  reflecting  Fjord's  asset
impairment  charges  to write down licenses, inventory  and  fixed  assets.
This investment was sold during the fourth quarter of 2003.