Exhibit 99.1

                               PRESS RELEASE
                REPORT OF EARNINGS AND DIVIDEND DECLARATION

                                                          February 28, 2008
                                                    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,
2007  and  December  31,  2006, in thousands of dollars  except  per  share
amounts.
                                     Three Months Ended    Twelve Months Ended
                                        December 31,           December 31,
                                        2007       2006       2007       2006

Net sales                           $  940,606 $  704,505 $3,213,301 $2,707,397

Net earnings                        $   36,748 $   76,770 $  181,332 $  258,689


Net earnings per common share       $    29.40 $    60.86 $   144.15 $   205.09

Average number of shares outstanding 1,249,991  1,261,367  1,257,901  1,261,367


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
http://www.seaboardcorp.com/investors/Annual.aspx.

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 31, 2008 to stockholders  of  record  at
the close of business on March 21, 2008.