Exhibit 99.1

                               PRESS RELEASE

                                                               May 20, 2005
                                                            Merriam, Kansas

Seaboard  Corporation  (AMEX: SEB) announced  today  that  its  subsidiary,
Seaboard Farms,  Inc., has entered into an agreement  to  acquire  Daily's,
a  bacon  processor    located  in    the    western   United  States,  for
$45 million  in  cash,  subject  to  final  adjustments  related to working
capital, and a 4.74% equity interest in Seaboard Farms.

The acquisition will include Daily's two bacon processing plants located in
Salt  Lake  City,  Utah  and Missoula, Montana.  Daily's  produces  premium
sliced and pre-cooked bacon primarily for food service.   This  acquisition
will  continue  Seaboard  Farms'  expansion of its  integrated  pork  model
into value-added products.  The  acquisition is expected to be completed by
early July.

Seaboard  Corporation  is  a  diversified  international  agribusiness  and
transportation  company, primarily engaged in domestic pork production  and
processing and cargo shipping.  Overseas, Seaboard is primarily engaged  in
commodity  merchandising, flour and feed milling,  produce  farming,  sugar
production and electric power generation.