Exhibit 99.1

                               PRESS RELEASE
                REPORT OF EARNINGS AND DIVIDEND DECLARATION

                                                              March 5, 2007
                                                    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 twelve months ended December  31,
2006 and 2005, in thousands of dollars except per share amounts.


                                      Three Months Ended   Twelve Months Ended
                                          December 31,          December 31,
                                        2006       2005       2006       2005

Net  sales                          $  704,505 $  601,826 $2,707,397 $2,688,894


Net earnings                        $   76,770 $   82,811 $  258,689 $  266,662

Earnings per common share

 Basic                              $    60.86 $    65.65 $   205.09 $   212.20

 Diluted                            $    60.86 $    65.65 $   205.09 $   211.94

Weighted average shares outstanding

 Basic                               1,261,367  1,261,367  1,261,367  1,256,645

 Diluted                             1,261,367  1,261,367  1,261,367  1,258,202


Notes to Report of Earnings:

Seaboard  Corporation today filed its Annual Report on Form 10-K  with  the
United  States Securities and Exchange Commission.  Seaboard  has  provided
access   to   the   Annual  Report  on  Form  10-K  on   its   website   at
www.seaboardcorp.com/news .

The  Company today announced that the Board of Directors of the Company has
declared  a dividend of seventy-five cents ($0.75) per share on the  common
stock  of  the Company payable March 30, 2007 to stockholders of record  at
the close of business on March 20, 2007.