UNITED STATES
               SECURITIES AND EXCHANGE COMMISSION
                     Washington, D.C.  20549
                            FORM 10-K

(Mark One)
[ X ]  ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
       SECURITIES EXCHANGE ACT OF 1934
       For the fiscal year ended December 31, 2007

                               OR

[   ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
       THE SECURITIES EXCHANGE ACT OF 1934
       For the transition period from _______________ to ________________
                     Commission file number: 1-3390

                            SEABOARD CORPORATION
          (Exact name of registrant as specified in its charter)

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

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

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

   SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT:

          Title of each class         Name of each exchange on which registered
      Common Stock $1.00 Par Value            American Stock Exchange

   SECURITIES REGISTERED PURSUANT TO SECTION 12(g) OF THE ACT:

                               None
                        (Title of class)

Indicate by check mark if the registrant is a well-known seasoned
issuer, as defined in Rule 405 of the Securities Act. Yes [   ] No [ X ]

Indicate by check mark if the registrant is not required to file
reports pursuant to Section 13 or 15(d) of the Act. Yes [   ]  No [ X ]

Indicate  by check mark whether the registrant (1) has filed  all
reports  required  to be filed by Section  13  or  15(d)  of  the
Securities  Exchange Act of 1934 during the preceding  12  months
(or  for such shorter period that the registrant was required  to
file  such  reports),  and (2) has been subject  to  such  filing
requirements for the past 90 days.  Yes [ X ]  No [   ]

Indicate  by  check  mark  if  disclosure  of  delinquent  filers
pursuant  to Item 405 of Regulation S-K is not contained  herein,
and will not be contained, to the best of registrant's knowledge,
in  definitive  proxy or information statements  incorporated  by
reference in Part III of this Form 10-K or any amendment to  this
Form 10-K.  [ X ]

Indicate by check mark whether the registrant is a large
accelerated filer, an accelerated filer, a non-accelerated filer,
or a smaller reporting company.  See the definitions of "larger
accelerated filer," "accelerated filer" and "smaller reporting
company" in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer [ X ]         Accelerated filer [    ]

Non-accelerated filer [   ] (Do not check if a smaller reporting company)

Smaller reporting company [   ]

Indicate by check mark whether the registrant is a shell company
(as defined in Rule 12b-2 of the Act). Yes [  ]  No [X ]

The  aggregate  market value of the 354,625  shares  of  Seaboard
voting    stock   held   by   nonaffiliates   was   approximately
$831,595,625, based on the closing price of $2,345.00  per  share
on  June  29, 2007, the end of Seaboard's second fiscal  quarter.
As  of  February 08, 2008, the number of shares of  common  stock
outstanding was 1,244,278.24.

               DOCUMENTS INCORPORATED BY REFERENCE

Portions of the following documents are incorporated by reference
into   the   indicated  parts  of  this  report:   (1)   Seaboard
Corporation's  Annual  Report to Stockholders  furnished  to  the
Commission  pursuant to Rule 14a-3(b) - Parts I and II;  and  (2)
Seaboard  Corporation's definitive proxy statement filed pursuant
to  Regulation 14A for the 2008 annual meeting of stockholders  -
Part III.



Forward-Looking Statements

This  report,  including information included or incorporated  by
reference   in  this  report,  contains  certain  forward-looking
statements  with respect to the financial condition,  results  of
operations, plans, objectives, future performance and business of
Seaboard  Corporation and its subsidiaries (Seaboard).   Forward-
looking statements generally may be identified as:

-   statements that are not historical in nature, and

-   statements  preceded  by, followed by  or  that  include  the
    words   "believes,"  "expects,"  "may,"  "will,"   "should,"
    "could,"  "anticipates," "estimates," "intends"  or  similar
    expressions.

In  more  specific  terms,  forward-looking  statements  include,
without limitation:

-   statements  concerning  projection  of  revenues,  income  or
    loss,  capital  expenditures,  capital  structure  or  other
    financial items,

-   statements  regarding the plans and objectives of  management
    for future operations,

-   statements of future economic performance,

-   statements   regarding   the  intent,   belief   or   current
    expectations of Seaboard and its management with respect to:

    (i)    Seaboard's  ability to obtain adequate  financing  and
           liquidity,

    (ii)   the price of feed stocks and other materials  used  by
           Seaboard,

    (iii)  the sale price or market conditions for pork, grains,
           sugar and other products and services,

    (iv)   statements concerning management's expectations of recorded
           tax effects under certain circumstances,

    (v)    the ability of the Commodity Trading and Milling segment to
           successfully compete in the markets it serves and the volume of
           business and working capital requirements associated with the
           competitive trading environment,

    (vi)   the charter hire rates and fuel prices for vessels,

    (vii)  the stability of the Dominican Republic's economy, fuel
           cost and related spot market prices and collections  of
           receivables in the Dominican Republic,

    (viii) the effect of the fluctuation in foreign currency
           exchange rates,

    (ix)   statements concerning profitability or sales volume of any
           of Seaboard's segments,

    (x)    the  anticipated  costs  and completion  timetable  for
           Seaboard's scheduled capital improvements, or

    (xi)   other trends affecting Seaboard's financial condition or
           results of operations, and statements of the assumptions
           underlying or relating to any of the foregoing statements.

This   list  of  forward-looking  statements  is  not  exclusive.
Seaboard  undertakes no obligation to publicly update  or  revise
any  forward-looking  statement,  whether  as  a  result  of  new
information, future events, changes in assumptions or  otherwise.
Forward-looking   statements  are  not   guarantees   of   future
performance  or  results.  They involve risks, uncertainties  and
assumptions.   Actual  results may differ materially  from  those
contemplated by the forward-looking statements due to  a  variety
of  factors.  The information contained in this Form 10-K and  in
other  filings  Seaboard  makes with  the  Commission,  including
without  limitation,  the information under  the  headings  "Risk
Factors"  and  "Management's Discussion and Analysis of Financial
Condition   and  Results  of  Operations"  in  this  Form   10-K,
identifies important factors which could cause such differences.

 2

                              PART I

Item 1.  Business

(a)  General Development of Business

Seaboard   Corporation,  a  Delaware  corporation,  the   successor
corporation   to  a  company  first  incorporated  in   1928,   and
subsidiaries (Seaboard) is a diversified international agribusiness
and  transportation  company.  In the United  States,  Seaboard  is
primarily  engaged  in  pork production and processing,  and  ocean
transportation.   Overseas,  Seaboard  is  primarily   engaged   in
commodity  merchandising, grain processing, sugar  production,  and
electric  power  generation.  See Item 1(c)  (1)  (ii)  "Status  of
Product  or  Segment"  below for a discussion  of  developments  in
specific segments.

Seaboard  Flour  LLC,  a Delaware limited liability  company,  owns
approximately  71.8  percent  of the outstanding  common  stock  of
Seaboard.   Mr.  Steven J. Bresky, President  and  Chief  Executive
Officer  of  Seaboard,  and other members  of  the  Bresky  family,
including trusts created for their benefit, own the common units of
Seaboard Flour LLC.

(b)  Financial Information about Industry Segments

The financial information relating to Industry Segments required by
Item 1 of Form 10-K is incorporated herein by reference to Note  13
of  the  Consolidated Financial Statements appearing  on  pages  56
through   59   of  the  Seaboard  Corporation  Annual   Report   to
Stockholders furnished to the Commission pursuant to Rule  14a-3(b)
and attached as Exhibit 13 to this Report.

(c)  Narrative Description of Business

  (1) Business Done and Intended to be Done by the Registrant

     (i) Principal Products and Services

     Pork  Division  -  Seaboard, through its  subsidiary  Seaboard
     Foods  LP,  previously Seaboard Farms, Inc.,  engages  in  the
     businesses of hog production and pork processing in the United
     States.  Through these operations, Seaboard produces and sells
     fresh   and   frozen  pork  products  to  further  processors,
     foodservice operators, grocery stores, distributors and retail
     outlets   throughout  the  United  States.    Internationally,
     Seaboard  sells  to distributors in Japan,  Mexico  and  other
     foreign  markets.   Other  further processing  companies  also
     purchase Seaboard's fresh and frozen pork products in bulk and
     produce  products, such as lunchmeat, ham, bacon, and sausage.
     Fresh  pork, such as loins, tenderloins and ribs are  sold  to
     distributors and grocery stores.  Seaboard also sells  further
     processed  pork products consisting primarily of raw and  pre-
     cooked  bacon  from  its two bacon further processing  plants.
     Seaboard sells some of its fresh products under the brand name
     Prairie  Freshr  and  its  bacon and other  further  processed
     products  under  the  Daily'sr  brand  name.   Seaboard's  hog
     processing plant is located in Guymon, Oklahoma, and  operates
     at double shift capacity.  Seaboard's bacon plants are located
     in  Salt Lake City, Utah and Missoula, Montana.  Seaboard also
     earns a commission, based on the number of head processed,  to
     market  all of the products produced by Triumph Foods  LLC  at
     their pork processing plant located in St. Joseph, Missouri.

     Seaboard's  hog production operations consist of the  breeding
     and  raising  of  approximately 4.0 million hogs  annually  at
     facilities primarily owned or at facilities owned and operated
     by  third parties with whom it has grower contracts.  The  hog
     production  operations are located in the States of  Oklahoma,
     Kansas,  Texas and Colorado.  As a part of the hog  production
     operations,  Seaboard produces specially formulated  feed  for
     the  hogs  at  six  owned  feed  mills.   The  remaining  hogs
     processed  are  purchased  from  third  party  hog  producers,
     primarily pursuant to purchase contracts.

     Beginning in 2008, Seaboard will begin production of biodiesel
     at  a new facility being constructed in Guymon, Oklahoma.  The
     biodiesel  will be sold to a third party and will be  produced
     from  third  party animal fat, vegetable oil and/or  pork  fat
     from Seaboard's Guymon pork processing plant.

     Commodity  Trading and Milling Division - Seaboard's Commodity
     Trading   and   Milling   Division,  primarily   through   its
     subsidiaries, Seaboard Overseas Limited based in Bermuda,  and
     Seaboard Overseas Trading and Shipping (PTY), Ltd. located  in
     South  Africa,  markets wheat, corn, soybean  meal  and  other
     similar  commodities  in  bulk to third  party  customers  and
     affiliated  companies.  These commodities are  purchased  from
     most  growing  regions  worldwide, with  primary  destinations
     being  Africa, South America, and the Caribbean.  The division
     sources, transports and markets approximately 3.5 million tons
     of   grains  and  proteins  on  an  annual  basis.    Seaboard
     integrates  the  service  of  delivering  commodities  to  its
     customers  through the use of chartered bulk vessels  and  its
     eight owned bulk carriers.

 3

     This  division  also  operates milling and related  businesses
     with  26  locations  in  14  countries,  which  are  primarily
     supplied by the trading locations discussed above.  The  grain
     processing  businesses are operated through  six  consolidated
     and eight non-consolidated affiliates in Africa, the Caribbean
     and  South  America.  These are flour, feed and maize  milling
     businesses which produce approximately one and a half  million
     metric  tons  of  finished products per  year.   Most  of  the
     products  produced by the milling operations are sold  in  the
     countries in which the products are produced or into  adjacent
     countries.

     Marine  Division - Seaboard, through its subsidiary,  Seaboard
     Marine  Limited, and various foreign affiliated companies  and
     third  party  agents,  provides containerized  cargo  shipping
     service  to  25  countries  between  the  United  States,  the
     Caribbean Basin, and Central and South America.  Seaboard uses
     a  network of offices and agents throughout the United States,
     Canada,  Latin America and the Caribbean Basin  to  book  both
     northbound and southbound cargo to and from the United  States
     and  between the countries it serves.  Through agreements with
     a network of connecting carriers, Seaboard can transport cargo
     to and from numerous U.S. locations by either truck or rail to
     and  from  one of its U.S. port locations, where it is  staged
     for export via vessel or received as import cargo from abroad.

     Seaboard's  primary marine operation is located in  Miami  and
     includes a 70 acre terminal located at the Port of Miami and a
     135,000  square  foot  warehouse for cargo  consolidation  and
     temporary  storage.  Seaboard also operates a  62  acre  cargo
     terminal  facility  at  the  Port  of  Houston  that  includes
     approximately  690,000 square feet of on-dock warehouse  space
     for  temporary  storage  of bagged grains,  resins  and  other
     cargoes.   Seaboard  also  makes  scheduled  vessel  calls  in
     Philadelphia,  Pennsylvania, Fernandina  Beach,  Florida,  New
     Orleans,  Louisiana  and 40 foreign ports.   At  December  31,
     2007,  Seaboard's fleet consists of 12 owned and approximately
     27  chartered  vessels,  thousands of  dry,  refrigerated  and
     specialized   containers  and  units  of  related   equipment.
     Seaboard  also provides cargo transportation service from  its
     domestic   ports   of  call  to  and  from  multiple   foreign
     destinations where Seaboard does not make vessel calls through
     connecting  carrier agreements with third party  regional  and
     global carriers.

     Sugar  and Citrus Division - Seaboard, through its subsidiary,
     Ingenio y Refineria San Martin del Tabacal and other Argentine
     non-consolidated affiliates, is involved in the production and
     refining  of  sugar cane and the production and processing  of
     citrus  in Argentina.  This division also purchases sugar  and
     citrus  in  bulk  from  third  parties  within  Argentina  for
     subsequent resale.  The sugar products are primarily  sold  in
     Argentina,  primarily to retailers, soft drink  manufacturers,
     and  food  manufacturers,  with some  exports  to  the  United
     States, South America and Europe while the citrus products are
     primarily  exported to the global market.   Seaboard  grows  a
     large  portion of the sugar cane on more than 60,000 acres  of
     land  it owns in northern Argentina. The cane is processed  at
     an   owned  mill,  with  a  current  processing  capacity   of
     approximately  230,000 metric tons of sugar and  approximately
     four  million gallons of alcohol per year.  The sugar mill  is
     one  of  the  largest  in  Argentina.   During  2008,  it   is
     anticipated  that  construction  on  the  alcohol   distillery
     operation will be completed to increase the alcohol production
     capacity  to  approximately 13 million gallons per  year.   In
     addition,  approximately 3,000 acres  of  Seaboard's  land  in
     northern Argentina is planted with orange trees.

     Power   Division   -   Seaboard,   through   its   subsidiary,
     Transcontinental Capital Corp. (Bermuda) Ltd., operates as  an
     independent  power producer in the Dominican  Republic.   This
     operation  is  exempt from U.S. regulation  under  the  Public
     Utility Holding Company Act of 1938, as amended.  The business
     operates  two floating barges with a system of diesel  engines
     capable   of   generating  a  combined   rated   capacity   of
     approximately   112   megawatts  of   electricity.    Seaboard
     generates electricity into the local Dominican Republic  power
     grid.   Seaboard is not directly involved in the  transmission
     or  distribution of the electricity but does have contracts to
     sell directly to third party users.  The barges are secured on
     the  Ozama  River in Santo Domingo, Dominican  Republic.   The
     electricity  is  sold at contracted pricing to  certain  large
     commercial  users with contract terms extending  from  one  to
     four  years.   Seaboard also sells power  under  a  short-term
     contract  to  a  government-owned distribution  company.   The
     remaining  electricity  is  sold  in  the  "spot  market"   at
     prevailing  market  prices,  primarily  to  three  wholly   or
     partially government-owned electric distribution companies  or
     other power producers who lack sufficient power production  to
     service their customers.

     Other  Businesses - Seaboard purchases and processes  jalapeno
     peppers at its owned plant in Honduras.  The processed peppers
     are primarily sold to a customer in the United States, and are
     shipped to the United States by Seaboard's Marine Division and
     distributed from Seaboard's port facilities.

 4

     The  information required by Item 1 of Form 10-K with  respect
     to  the  amount or percentage of total revenue contributed  by
     any  class  of similar products or services which account  for
     10  percent or more of consolidated revenue in any of the last
     three  fiscal  years  is set forth in Note  13  of  Seaboard's
     Consolidated  Financial  Statements,  appearing  on  pages  56
     through  59  of  the Seaboard's Annual Report to Stockholders,
     furnished  to  the  Commission pursuant to rule  14a-3(b)  and
     attached  as  Exhibit 13 to this report, which information  is
     incorporated herein by reference.

     (ii) Status of Product or Segment

     The Pork segment is constructing a processing plant in Guymon,
     Oklahoma  to  produce biodiesel to be sold to a  third  party,
     which  will be produced from third party animal fat, vegetable
     oil  and/or  pork  fat from Seaboard's Guymon pork  processing
     plant.  Construction is expected to be completed in the  first
     quarter  of  2008.   In addition, the Pork segment  previously
     announced plans to expand its processed meats capabilities  by
     constructing  a  separate further processing plant,  primarily
     for  bacon.  Construction of this facility was anticipated  to
     begin  in the second half of 2007; however the timing of  this
     facility  has  been  delayed.   Also,  other  alternatives  to
     construction may be considered for this project including  the
     acquisition of an existing facility.

     During  2007,  the  Pork  segment constructed  additional  hog
     finishing  space to allow hogs more time to reach the  desired
     weight  for  processing at the Guymon plant.   Additional  hog
     finishing  space  is  currently  under  construction  and   is
     expected  to  be  completed  in  2008.   During  2008,  it  is
     anticipated  that  modifications will be made  to  the  Guymon
     plant   that  will  increase  daily  double  shift  processing
     capacity from approximately 16,800 to 18,500 hogs.

     In   January  2007,  Seaboard  repurchased  the  4.74%  equity
     interest in its subsidiary, Seaboard Foods LP, from the former
     owners  of Daily's.  The former owners of Daily's had acquired
     this  equity interest as part of  Seaboard's  2005 acquisition
     of  Daily's,  a bacon processor located in the western  United
     States.

     During  2006, Triumph Foods began production at its  new  pork
     processing plant located in St. Joseph, Missouri, and Seaboard
     began  marketing the related pork products for a fee primarily
     based on the number of head processed by Triumph Foods.   This
     plant has similar capacity to Seaboard's Guymon plant with the
     business  based upon a similar integrated model as Seaboard's.
     Triumph  Foods  reached full double shift  operating  capacity
     during  2007.   Seaboard's sales prices for its pork  products
     are  primarily  based on an average sales  price  and  mix  of
     products  sold  from  both Seaboard's and Triumph  Food's  hog
     processing plant.

     In late September 2007, Seaboard acquired a 40% non-controlling
     interest in a flour mill business located in Colombia for  $8.5
     million, including cash contributed into the business.   During
     the  fourth quarter of 2007, Seaboard acquired for $6.6 million
     a  50% non-controlling interest in a grain trading business  in
     Peru.   Both of these investments are accounted for  using  the
     equity method.

     Seaboard  is  a  minority owner in a flour milling  operation,
     located  in  Angola,  which  closed  in  2005.   Seaboard   is
     exploring   various  alternatives  to  reopen  or   sell   the
     operation.

     During  2007, Seaboard launched a plan to expand the  Sugar  &
     Citrus  business.   As part of this plan,  Seaboard  purchased
     land, planted an additional 15,000 acres of sugar cane and  is
     in the process of expanding the alcohol distillery operations.
     This  expansion has raised sugar production from approximately
     200,000  metric tons per year to approximately 230,000  metric
     tons   per  year  and,  is  anticipated  to  increase  alcohol
     production  capacity from approximately four  million  gallons
     per  year to approximately 13 million gallons per year.    The
     alcohol  distillery expansion is expected to be  completed  in
     2008.

     The Sugar and Citrus segment is in the process of developing a
     40  megawatt cogeneration plant.  This plant is expected to be
     completed in 2009.

     At  times  during  early 2007 and throughout 2006,  Seaboard's
     power  production was restricted by the regulatory authorities
     in  the  Dominican  Republic.  The regulatory  body  schedules
     production based on the amount of funds available to  pay  for
     the  power  produced  and  the relative  costs  of  the  power
     produced.    In  addition,  Seaboard  is  pursuing  additional
     investment opportunities in the power industry.

     (iii) Sources and Availability of Raw Materials

     None of Seaboard's businesses utilize material amounts of  raw
     materials that are dependent on purchases from one supplier or
     a small group of dominant suppliers.

 5

     (iv) Patents, Trademarks, Licenses, Franchises and Concessions

     Seaboard uses the registered trademark of Seaboard.

     The  Pork Division uses registered trademarks relating to  its
     products, including  Seaboard Farms,  Prairie Fresh,  A  Taste
     Like  No Other,  Daily's, Daily's  Premium  Meats Since  1893,
     High  Plains Bioenergy,  Prairie Fresh Prime,  Seaboard Foods,
     Buffet   Brand and  Seaboard Farms, Inc.   Seaboard  considers
     the  use  of  these trademarks important to the marketing  and
     promotion of its pork products.

     The Marine Division uses the trade name Seaboard Marine  which
     is  also  a registered trademark.  Seaboard believes there  is
     significant  recognition of the Seaboard Mariner trademark  in
     the industry and by many of its customers.

     Part  of  the  sales within the Sugar and Citrus Division  are
     made under the Chango  brand in Argentina, where this division
     operates.   Local  sales prices are affected by  sugar  import
     duties imposed by the Argentine government, which affects  the
     volume of sugar imported to and exported from that market.

     Seaboard's   Power  Division  benefits  from  a   tax   exempt
     concession   granted  by  the  Dominican  Republic  government
     through 2012.

     Patents, trademarks, franchises, licenses and concessions  are
     not material to any of Seaboard's other divisions.

     (v) Seasonal Business

     Profits  from processed pork are generally higher in the  fall
     months.  Sugar prices in Argentina are generally lower  during
     the   typical  sugarcane  harvest  period  between  June   and
     November.   Seaboard's  other  divisions  are  not  seasonally
     dependent to any material extent.

     (vi) Practices Relating to Working Capital Items

     There  are  no  unusual  industry practices  or  practices  of
     Seaboard relating to working capital items.

     (vii) Depending on a Single Customer or Few Customers

     Seaboard does not have sales to any one customer equal to  ten
     percent  or more of consolidated revenues.  The Pork  division
     derives  approximately 13 percent of its revenues from  a  few
     customers  in  Japan  through one agent.  The  Power  division
     sells  power in the Dominican Republic to a limited number  of
     contract  customers and on the spot market accessed  primarily
     by  three  wholly  or partially government-owned  distribution
     companies.

     Seaboard's Produce Division sells nearly all of its  processed
     jalapeno peppers to one customer under a contract expiring  in
     2009.  We do not believe the loss of this customer would  have
     a material adverse effect on Seaboard's consolidated financial
     position  or  results of operations.  No  other  division  has
     sales to a few customers which, if lost, would have a material
     adverse effect on any such segment or on Seaboard taken  as  a
     whole.

     (viii) Backlog

     Backlog is not material to Seaboard businesses.

     (ix) Government Contracts

     No  material portion of Seaboard business involves  government
     contracts.

     (x) Competitive Conditions

     Competition in Seaboard's Pork Division comes from  a  variety
     of   national,   international  and  regional  producers   and
     processors and is based primarily on product quality, customer
     service  and  price.   According  to  recent  publications  by
     Successful  Farming and Informa Economics, trade publications,
     Seaboard  ranks as one of the nation's top five pork producers
     (based  on  sows  in production) and top ten  pork  processors
     (based on daily processing capacity).

     Seaboard's ocean liner service for containerized cargoes faces
     competition  based  on price and customer  service.   Seaboard
     believes it is among the top five ranking ocean liner services
     for  containerized  cargoes in the Caribbean  Basin  based  on
     cargo volume.

     Seaboard's sugar business owns one of the largest sugar  mills
     in Argentina and faces significant competition for sugar sales
     in  the local Argentine market.  Sugar prices in Argentina can
     fluctuate  compared to world markets due to current  Argentine
     government price protection policies.

 6

     Seaboard's   Power  Division  is  located  in  the   Dominican
     Republic.  Power generated by this segment is sold on the spot
     market  or to contract customers at prices primarily based  on
     market conditions rather than cost-based rates.

     (xi) Research and Development Activities

     Seaboard conducts research and development activities  focused
     on  various  aspects of Seaboard's vertically integrated  pork
     processing   system,  including  improving  product   quality,
     production     processes,    animal    genetics,     nutrition
     and health.  Incremental costs incurred to perform these tests
     are  expensed  as incurred and are not material  to  operating
     results.

     (xii) Environmental Compliance

     Seaboard  is  subject  to numerous Federal,  state  and  local
     provisions  relating  to  the environment  which  require  the
     expenditure  of  funds  in the ordinary  course  of  business.
     Seaboard  does  not anticipate making expenditures  for  these
     purposes,  including  expenditures with respect  to  the  item
     disclosed  in  Item  3,  Legal  Proceedings,  which,  in   the
     aggregate  would  have  a material or  significant  effect  on
     Seaboard's financial condition or results of operations.

     (xiii) Number of Persons Employed by Registrant

     As  of December 31, 2007, Seaboard, excluding non-consolidated
     foreign  affiliates, had 10,663 employees, of whom 5,622  were
     employed  in the United States.  Approximately 2,000 employees
     in   Seaboard's  Pork  Division  were  covered  by  collective
     bargaining  agreements  as  of December  31,  2007.   Seaboard
     considers its employee relations to be satisfactory.

(d)  Financial Information about Geographic Areas

In  addition  to  the  narrative  disclosure  provided  below,  the
financial information relating to export sales required by  Item  1
of  Form  10-K is incorporated herein by reference to  Note  13  of
Seaboard's Consolidated Financial Statements appearing on pages  56
through 59 of Seaboard's Annual Report to Stockholders furnished to
the Commission pursuant to Rule 14a-3(b) and attached as Exhibit 13
to this report.

Seaboard  considers  its  relations with  the  governments  of  the
countries  in  which  its foreign subsidiaries and  affiliates  are
located  to  be  satisfactory,  but these  foreign  operations  are
subject  to  risks of doing business in lesser-developed  countries
which  are  subject  to  potential  civil  unrests  and  government
instabilities,  increasing the exposure to potential expropriation,
confiscation, war, insurrection, civil strife and revolution, sales
price  controls,  currency inconvertibility  and  devaluation,  and
currency  exchange controls.  To minimize certain of  these  risks,
Seaboard  has  insured certain investments in its  affiliate  flour
mills  in  Angola,  Democratic Republic of Congo,  Haiti,  Lesotho,
Mozambique,  Republic of Congo and Zambia, to the extent  available
and  deemed  appropriate against certain of these  risks  with  the
Overseas  Private Investment Corporation, an agency of  the  United
States Government.    As a result of recent presidential elections,
Kenya  is  presently experiencing an increase in civil  strife  and
unrest in certain parts of the country where Seaboard operates but,
to  date, this has not had any negative effect on Seaboard's  flour
and  feed  operations in that country.  Currently, these situations
are  not  expected to have any material effect on  Seaboard's  cash
flows  or  results  of  operations.  At the date  of  this  report,
Seaboard  is  not aware of any other situations referred  to  above
which could have a material effect on Seaboard's business.

(e)  Available Information

Seaboard electronically files with the Commission annual reports on
Form  10-K, quarterly reports on Form 10-Q, current reports on Form
8-K  and  amendments to those reports pursuant to Section 13(a)  or
15(d)  of  the  Exchange Act.  The public may  read  and  copy  any
materials filed with the Commission at their public reference  room
located  at 100 F Street N.E., Washington, D.C. 20549.  The  public
may obtain further information concerning the public reference room
and  any  applicable  copy  charges, as  well  as  the  process  of
obtaining copies of filed documents by calling the Commission at 1-
800-SEC-0330.

The Commission maintains an internet website that contains reports,
proxy  and  information statements, and other information regarding
electronic filers at www.sec.gov.  Seaboard provides access to  its
most recent Form 10-K, 10-Q and 8-K reports, and any amendments  to
these reports, on its internet website, www.seaboardcorp.com,  free
of  charge,  as soon as reasonably practicable after those  reports
are electronically filed with the Commission.

Please note that any internet addresses provided in this report are
for   information  purposes  only  and  are  not  intended  to   be
hyperlinks.  Accordingly, no information provided at such  Internet
addresses  is  intended  or  deemed to be  incorporated  herein  by
reference.

 7

Item 1A.  Risk Factors

Seaboard  has  identified important risks  and  uncertainties  that
could  affect  the  results of operations, financial  condition  or
business  and  that  could  cause them to  differ  materially  from
Seaboard's historical results of operations, financial condition or
business, or those contemplated by forward-looking statements  made
herein  or elsewhere, by, or on behalf of, Seaboard.  Factors  that
could cause or contribute to such differences include, but are  not
limited to, those factors described below.

(a) General

  (1)  Seaboard's  Operations  are  Subject  to the General Risks of the
       Food Industry.  The segments of the business that are in the food
       products manufacturing industry are subject to the risks posed by:
       -   food spoilage or food contamination;
       -   evolving consumer preferences and nutritional and health-
           related concerns;
       -   federal, state and local food processing controls;
       -   consumer product liability claims;
       -   product tampering;
       -   the  possible unavailability and/or expense of liability
           insurance.

       If  one or more of these risks were to materialize, Seaboard's
       revenues  could  decrease,  costs  of  doing  business   could
       increase,  and Seaboard's operating results could be adversely
       affected.

  (2)  Foreign Political and Economic Conditions Have a Significant
       Impact on Seaboard's Business.  Seaboard is a diverse  agribusiness
       and  transportation  company  with  global  operations  in  several
       industries.  Most of the sales and costs of Seaboard's segments are
       significantly influenced by  worldwide  fluctuations  in  commodity
       prices or changes in foreign  political  and  economic  conditions.
       Accordingly, sales, operating income and cash  flows can  fluctuate
       significantly  from   year   to  year.   In   addition,  Seaboard's
       international  activities  pose  risks  not faced by companies that
       limit themselves to United States markets. These risks include:
       -   changes in foreign currency exchange rates;
       -   foreign currency exchange controls;
       -   changes in a specific country's or region's political or
           economic conditions, particularly in emerging markets;
       -   hyperinflation;
       -   heightened customer credit risk;
       -   tariffs, other trade protection measures and import or export
           licensing requirements;
       -   potentially negative consequences from changes in tax laws;
       -   different legal and regulatory structures and unexpected
           changes in legal and regulatory requirements; and
       -   negative perception within a foreign country of a United
           States company doing business in that foreign country.

       Seaboard  cannot  assure you that it  will  be  successful  in
       competing effectively in international markets.

  (3)  Seaboard's Common Stock is Thinly Traded  and  Subject  to  Daily
       Price Fluctuations.  The common stock of Seaboard is closely held
       (71.8%) and thinly traded on a daily basis  on the American Stock
       Exchange.  Accordingly, the price of a share  of common stock can
       fluctuate more significantly from day-to-day  than  a widely held
       stock that is actively traded on a daily basis.

(b) Pork Division

  (1)  Fluctuations  in  Commodity  Pork  Prices  Could  Adversely  Affect
       Seaboard's  Results of Operations.  Sale prices for Seaboard's pork
       products  are  directly  affected  by  both domestic and world wide
       supply and demand for pork products  and  other  proteins,  all  of
       which are determined by constantly changing market forces of supply
       and demand as  well as other factors over which Seaboard has little
       or no control.  Commodity pork prices demonstrate a cyclical nature
       over periods  of  years, reflecting changes  in the supply of fresh
       pork and competing  proteins  on  the  market, especially  beef and
       chicken.  In  addition, there could be weakness in the sales prices
       for Seaboard's pork products due to marketing the increased volumes
       of pork  products produced by Triumph Foods.  Seaboard's results of
       operations  could  be  adversely  affected  by fluctuations in pork
       commodity prices.

 8

  (2)  Increases in the  Costs  of  Seaboard's  Feed  Components  and  Hog
       Purchases Could Adversely Affect Seaboard's   Costs  and  Operating
       Margins.  Feed costs are the most significant single  component  of
       the  cost  of  raising hogs and  can  be  materially  affected   by
       commodity  price fluctuations  for  corn  and  soybean  meal.   The
       results of Seaboard's pork  division  business  can  be  negatively
       affected by increased costs  of  Seaboard's  feed  components.  The
       recent increase in construction of ethanol plants has elevated this
       risk as it has increased the competing demand for feed ingredients,
       primarily  corn.  Similarly,  accounting  for  approximately 20% of
       Seaboard's total hogs slaughtered, the  cost of  third  party  hogs
       purchased fluctuates with market conditions  and can have an impact
       on Seaboard's total costs.  The cost and supply  of feed components
       and  the  third party hogs  that  we  purchase  are  determined  by
       constantly changing  market  forces of supply and demand, which are
       driven by matters over which we have no control, including weather,
       current  and  projected  worldwide  grain  stocks and prices, grain
       export prices and supports and governmental  agricultural policies.
       Seaboard attempts to manage certain of these  risks through the use
       of financial instruments, however this may  also  limit its ability
       to participate in  gains  from  favorable  commodity  fluctuations.
       Unless wholesale pork prices correspondingly increase, increases in
       the prices of  Seaboard's  feed  components or in the cost of third
       party hogs purchased would  adversely  affect  Seaboard's operating
       margins.

  (3)  Seaboard's   Ability   to   Obtain  Appropriate Personnel at Remote
       Locations  is   Important  to   Seaboard's  Business.   The  remote
       locations of the pork processing plant and live hog operations, the
       lack of immigration reform could negatively affect the availability
       and  cost  of  labor.  Seaboard is  dependent  on having sufficient
       properly trained operations  personnel.  Attracting  and  retaining
       qualified   personnel  is  important  to  Seaboard's success.   The
       inability to acquire and retain  the  services  of  such  personnel
       could have a material  adverse  effect  on  Seaboard's  operations.

  (4)  The  Loss  of  Seaboard's  Sole  Hog   Processing  Facility   Would
       Adversely Affect Seaboard's Business.  Seaboard's Pork  segment  is
       largely  dependant on the  continued  operation  of  a  single  hog
       processing facility.  The  loss  of  or damage to this facility for
       any reason - including fire, tornado,  governmental action or other
       reason  - would  adversely  affect  Seaboard  and  Seaboard's  pork
       products business.

  (5)  Environmental  Regulation  and  Related  Litigation  Could  Have  a
       Material  Adverse  Effect  on  Seaboard.  Seaboard's operations and
       properties are subject to extensive and increasingly stringent laws
       and regulations pertaining to, among other things, the discharge of
       materials into the environment  and the handling and disposition of
       wastes (including solid and hazardous wastes) or otherwise relating
       to  protection  of  the  environment.  Failure to comply with these
       laws  and  regulations and any future changes to them may result in
       significant  consequences to Seaboard, including civil and criminal
       penalties,  liability  for  damages  and  negative publicity.  Some
       requirements applicable to Seaboard may also be enforced by citizen
       groups.   Seaboard  has  incurred,  and  will  continue  to  incur,
       significant capital and operating expenditures to comply with these
       laws and regulations.

  (6)  Health  Risk  to  Livestock  Could  Adversely  Affect   Production,
       the Supply of Raw Materials and  Seaboard's  Business.  Seaboard is
       subject to risks relating to its  ability to maintain animal health
       and  control diseases.  The general  health  of  the  hogs  and the
       reproductive performance of the sows can have an adverse  impact on
       production and production costs,  the  supply  of  raw  material to
       Seaboard's pork processing operations  and consumer confidence.  If
       Seaboard's hogs are affected by disease,  Seaboard  may be required
       to  destroy   infected  livestock,  which  could  adversely  affect
       Seaboard's production  or  ability  to sell or export its products.
       Moreover, the herd health of third party  suppliers could adversely
       affect  the supply and cost  of  hogs  available  for  purchase  by
       Seaboard.  Adverse  publicity  concerning  any  disease  or  health
       concern could also cause customers to lose confidence in the safety
       and quality of Seaboard's food products.

  (7)  If  Seaboard's  Pork  Products  Become  Contaminated,  We  May   be
       Subject to Product Liability  Claims  and  Product  Recalls.   Pork
       products  may be subject  to  contamination  by  disease  producing
       organisms.  These organisms are generally found in the  environment
       and  as  a  result,  regardless  of  the  manufacturing   practices
       employed, there is a  risk that they as a result of food processing
       could  be present  in  Seaboard's  processed  pork  products.  Once
       contaminated  products  have been shipped for distribution, illness
       and death may result if  the  organisms  are  not eliminated at the
       further   processing,  foodservice  or  consumer   level.  Even  an
       inadvertent shipment of contaminated products is a violation of law
       and may lead  to  increased  risk  of exposure to product liability
       claims, product recalls and increased scrutiny by federal and state
       regulatory agencies and  may  have a  material  adverse  effect  on
       Seaboard's business, reputation,  prospects,  results of operations
       and financial condition.

  (8)  Corporate Farming  Legislation  Could  Result  in  the  Divestiture
       or Restructuring of Seaboard's Pork Operations.  The development of
       large  corporate  farming  operations  and  concentration   of  hog
       production in larger-scale  facilities  has  engendered  opposition
       from  residents of states in  which   Seaboard  conducts  its  pork
       processing and live hog operations.  In response, corporate farming
       legislation periodically has been introduced in  the  United States
       Senate

 9

       and   House   of   Representatives,   as   well as in several state
       legislatures.  These  proposed  anti-corporate  farming  bills have
       included provisions  to  prohibit or restrict meat packers, such as
       Seaboard,  from owning  or  controlling  livestock   intended   for
       slaughter, which would  require  divestiture  or  restructuring  of
       Seaboard's operations.

  (9)  International  Trade  Barriers  Could  Adversely  Affect Seaboard's
       Pork Operations.  This segment realizes  a  significant  portion of
       its   revenues  from  international  markets,  particularly  Japan.
       International  sales  are  subject  to  risks  related  to  general
       economic conditions,  imposition of tariffs, quotas, trade barriers
       and  other  restrictions,  enforcement  of  remedies   in   foreign
       jurisdictions and compliance  with  applicable  foreign  laws,  and
       other economic and political  uncertainties.  These and other risks
       could  result in  border  closings  or  other  international  trade
       barriers having an adverse effect on Seaboard's earnings.

 (10)  Discontinuation    of    Tax    Credits    for    Biodiesel   Could
       Adversely  Affect  Seaboard's  Results  of  Operations.    Seaboard
       will obtain Federal  and  State  tax  credits  for the biodiesel it
       produces  and  sells.  The  Federal  tax credit  is  scheduled   to
       be discontinued  after  2008,  and  if not  renewed could adversely
       affect Seaboard's results of operations.

(c) Commodity Trading & Milling Division

  (1)  Seaboard's    Commodity    &  Milling   Division   is  Particularly
       Subject to Risks Associated with Foreign Operations.  This  segment
       principally operates in Africa,  Bermuda,  South  America  and  the
       Caribbean and, in most cases, in  what are generally regarded to be
       lesser developed countries.  Many  of  these foreign operations are
       subject to risks of doing  business in  lesser-developed  countries
       which  are   subject  to potential  civil  unrests  and  government
       instabilities,  increasing the exposure to potential expropriation,
       confiscation,  war,  insurrection,  civil  strife  and  revolution,
       currency inconvertibility and devaluation,  and  currency  exchange
       controls, in addition to the risks of overseas operations mentioned
       in clause (a)(2) above.

  (2)  Fluctuations  in  Commodity  Grain  Prices  Could  Adversely Affect
       the Business  of  Seaboard's  Commodity &  Milling  Division.  This
       segment's sales are significantly affected by fluctuating worldwide
       prices for various  commodities,  such as wheat, corn and soybeans.
       These prices are determined by constantly changing market forces of
       supply and demand as well as other factors  over which Seaboard has
       little or no control.  North American and European subsidized wheat
       and flour exports, including donated  food  aid, and world-wide and
       local crop production can contribute  to  these  fluctuating market
       conditions and can have a  significant  impact  on  the trading and
       milling businesses' sales,  value  of commodities held in inventory
       and operating income.  Seaboard's  results  of  operations could be
       adversely affected by fluctuations in commodity prices.

  (3)  Seaboard's  Commodity  & Milling  Division  Largely  Depends on the
       Availability of Chartered Ships.  Most  of  Seaboard's  third party
       trading is transported with  chartered  ships.  Charter hire rates,
       influenced by available  charter  capacity and demand for worldwide
       trade in bulk cargoes, and related  fuel  costs can impact business
       volumes and margins.

  (4)  This  Segment  Uses  a  Material  Amount  of Derivative Products to
       Manage Certain Market Risks.  The commodity  trading portion of the
       business   enters   into  various  commodity  derivatives,  foreign
       exchange  derivatives  and  freight  derivatives  to   create  what
       management believes is an economic hedge  for  commodity  trades it
       executes or intends  to execute with  its  customers.  From time to
       time,  this portion of the  business  may  enter  into  speculative
       derivative transactions related  to  its  market risks.  Failure to
       execute or improper execution of a  derivative position or a firmly
       committed sale or purchase contract, a speculative transaction that
       closes without the desired result or exposure to counter party risk
       could  have  an  adverse  impact  on the results of operations  and
       liquidity.

  (5)  This    Segment   is  Subject  to  Higher  than  Normal  Risks  for
       Attracting and Retaining Key Personnel.  In the  commodity  trading
       environment, a loss of a key employee such as  a  commodity  trader
       can have a negative impact resulting from the  loss  of revenues as
       personal customer relationships  can  be  vital  to  obtaining  and
       retaining business with various  foreign customers.  In the milling
       portion  of   this   segment,  employing  and  retaining  qualified
       expatriate   personnel  is  a  key  element of  success  given  the
       difficult living conditions, the unique  operating environments and
       the reliance on a relatively small number of  executives  to manage
       each individual location.

(d) Marine Division

  (1)  The  Demand    for  Seaboard's   Marine  Division's   Services  Are
       Affected by International  Trade  and  Fluctuating  Freight  Rates.
       This   segment   provides  containerized  cargo  shipping  services
       primarily from the  United  States  to  over  twenty-five different
       countries in the  Caribbean  Basin,  and Central and South America.
       In addition to the risks of overseas operations mentioned in clause
       (a)(2)  above,  fluctuations  in  economic  conditions, unstable or
       hostile  local political

 10

       situations  in the countries in  which Seaboard operates can affect
       import/export trade  volumes  and the  price  of  container freight
       rates and adversely affect Seaboard's results of operations.

  (2)  Chartered  Ships  Are  Subject  to  Fluctuating Rates.  The largest
       expense for this division  is  time  charter  cost.  Certain of the
       ships are under charters longer than one year while others are less
       than one year.  These  costs  can  vary  greatly due to a number of
       factors including the worldwide supply and demand for shipping.  It
       is not possible to determine in advance  whether a charter contract
       for more or less than one year  will  be  favorable  to  Seaboard's
       business.   Accordingly,  entering  into  long-term  charter   hire
       contracts during periods of decreasing charter hire costs or  short
       term charter hire contracts during periods  of  increasing  charter
       hire costs could have an adverse effect on Seaboard's results of
       operation.

  (3)  Increasing   Fuel   Prices   Can   Adversely    Affect   Seaboard's
       Business.  Ship  fuel  expenses  are  one of  the segment's largest
       expenses.  These costs can vary greatly from year-to-year depending
       on world fuel prices. Also,  but  to  a  lesser  extent, fuel price
       increases can impact the cost of inland transportation costs.

  (4)  Marine    Transportation   is   an   Inherently   Risky   Business.
       Seaboard's vessels and their cargoes are at risk of  being  damaged
       or lost because of events such as:
       -   marine disasters;
       -   bad weather;
       -   mechanical failures;
       -   grounding, fire, explosions and collisions;
       -   human error; and
       -   war and terrorism.

       All  of  these  hazards  can  result in death or injury to persons,
       loss  of property,  environmental  damages,  delays  or  rerouting.
       If one  of  Seaboard's  vessels  were involved  in an accident, the
       resulting media coverage could  have a   material  adverse   effect
       on  Seaboard's  business,  financial   condition  and   results  of
       operations.   Moreover,   Seaboard's    port   operations   can  be
       subject  to   disruption   due   to    hurricanes,  especially   at
       Seaboard's  major port  of  operations   in  Miami, Florida,  which
       could have an adverse effect on our results of operations.

  (5)  Seaboard  is  Subject  to  Complex  Laws  and  Regulations that Can
       Adversely Affect the Cost, Manner or Feasibility of Doing Business.
       Increasingly stringent federal, state and local  laws  and domestic
       and international regulations governing worker  health  and safety,
       environmental  protection,  port  and  terminal  security, and  the
       operation  of  vessels  significantly affect Seaboard's operations.
       Many  aspects of the marine  industry  are  subject  to   extensive
       governmental regulation by  the  Federal  Maritime  Commission, the
       U.S. Coast Guard,  and  U.S. Customs  and Border Protection, and to
       regulation  by  private  industry  organizations.  Compliance  with
       applicable laws, regulations and standards may require installation
       of costly equipment or operational changes, while  the  failure  to
       comply may result in administrative and  civil  penalties, criminal
       sanctions or the suspension or termination of Seaboard's operations
       or detention of its vessels.

(e) Sugar and Citrus Division

  (1)  The  Success  of  this  Segment  Depends  on  the  Condition of the
       Argentinean Economy and Political Climate.  This segment operates a
       sugar mill and alcohol production facility  in  Argentina,  locally
       growing a substantial portion of the  sugar  cane  processed at the
       mill.  In addition, this segment also grows  oranges  in Argentina.
       The majority of the sales  are  within  Argentina.  Fluctuations in
       economic conditions or  changes  in the Argentine political climate
       can have an impact on the costs of  operations,  the  sale price of
       products and  export  opportunities.  In  this  regard,  local sale
       prices are affected by sugar import duties imposed by the Argentine
       government,  which  affects  the  volume  of sugar imported to  and
       exported from that  market.  If  import  duties  are  changed, this
       could have a negative impact on Seaboard's sale price of sugar.  In
       addition, the  Argentine  government  attempts to control inflation
       through price controls on commodities, including sugar, which could
       adversely impact the local sales price  of sugar and the results of
       operations for this segment.

  (2)  This  Segment  is  Subject  to  the  Risks that Are Inherent in any
       Agricultural Business.  Seaboard's  results  of operations for this
       segment may be adversely affected by numerous factors over which we
       have little or no control and that are inherent in any agricultural
       business, including reductions in the  market prices for Seaboard's
       products, adverse weather and growing  conditions, pest and disease
       problems, and new government regulations regarding agriculture

 11

       and the marketing of agricultural products. Of these risks, weather
       particularly  can  adversely  affect  the amount and quality of the
       sugar cane produced by Seaboard and  Seaboard's competitors located
       in other regions of Argentina.

  (3)  The   Loss   of   Seaboard's   Sole   Processing   Facility   Would
       Adversely Affect the Business  of  This  Segment.  Seaboard's Sugar
       and Citrus segment is  largely dependant on the continued operation
       of a single processing  facility.  The  loss  of  or damage to this
       facility for any reason -  including  fire,  tornado,  governmental
       action  or  other  reason - would  adversely affect the business of
       this segment.

(f) Power Division

  (1)  This   Segment  is  Subject  to  Risks  of  Doing Business  in  the
       Dominican  Republic.  This  segment  operates  in   the   Dominican
       Republic (DR).  In  addition  to  significant currency fluctuations
       and the other  risks  of  overseas  operations  mentioned in clause
       (a)(2) above,  this  segment can experience difficulty in obtaining
       timely  collections of  trade  receivables  from   the   government
       partially-owned distribution companies or other companies that must
       also collect from the government in order to make payments on their
       accounts.  Currently, the DR does not allow a free market to enable
       prices to rise with demand  which  would limit our profitability in
       this  business.  The government  has  the  ability  to  arbitrarily
       decide which power units will be  able to operate, which could have
       adverse effects on results of operations.

  (2)  Increases  in   Fuel  Costs  Could  Adversely   Affect   Seaboard's
       Operating Margins.  Fuel is the  largest  cost  component  of  this
       segment's  business  and,  therefore,  margins   may  be  adversely
       affected by fluctuations in fuel if such increases can not be fully
       passed to customers.

Item 1B.  Unresolved Staff Comments

None

Item 2.  Properties

(1)  Pork - Seaboard's Pork Division owns a hog processing plant in
Guymon,  Oklahoma,  which opened in 1995.  It has  a  daily  double
shift  capacity to process approximately 16,800 hogs and  generally
operates  at  capacity with additional weekend shifts depending  on
market   conditions.  The  plant  is  utilized  at  near   capacity
throughout  the year.  The Pork segment is making modifications  to
this  facility that will increase daily double shift capacity  from
approximately  16,800 hogs to 18,500 hogs in 2008.  Seaboard's  hog
production  operations  consist of  the  breeding  and  raising  of
approximately 4.0 million hogs annually at facilities it  primarily
owns or at facilities owned and operated by third parties with whom
it  has  grower  contracts.  This business owns  and  operates  six
centrally  located  feed mills which have a  combined  capacity  to
produce  approximately 1,700,000 tons of formulated  feed  annually
used  primarily to support Seaboard's existing hog production,  and
has  the capability of supporting additional hog production in  the
future.   These  facilities are located in Oklahoma, Texas,  Kansas
and  Colorado.  The Pork segment is constructing a processing plant
in  Guymon,  Oklahoma  with the capacity to  produce  30.0  million
gallons  of  biodiesel annually, which will be produced from  third
party  animal  fat, vegetable oil and/or pork fat  from  Seaboard's
Guymon  pork  processing plant.  Construction  is  expected  to  be
completed in the first quarter of 2008.

Seaboard's  Pork  Division also owns two bacon  further  processing
plants  located  in  Salt  Lake City, Utah and  Missoula,  Montana.
These  plants are utilized at or near capacity throughout the year,
which is a combined daily smoking capacity of approximately 300,000
pounds of raw pork bellies.

(2)  Commodity  Trading and Milling - Seaboard's Commodity  Trading
and  Milling  Division owns, in whole or in part,  grain-processing
and  related agribusiness operations in 14 countries which have the
capacity to mill approximately 7,700 metric tons of wheat and maize
per day.  In addition, Seaboard has feed mill capacity of in excess
of  128  metric tons per hour to produce formula animal feed.   The
milling  operations  located in Colombia,  Democratic  Republic  of
Congo, Ecuador, Guyana, Haiti, Kenya, Lesotho, Mozambique, Nigeria,
Republic  of  Congo,  Sierra Leone, Uganda  and  Zambia  own  their
facilities;  in  Kenya, Lesotho, Mozambique, Nigeria,  Republic  of
Congo  and Sierra Leone the land on which the mills are located  on
is  leased  under  long-term agreements;  and,  in  Madagascar  the
milling  facilities are leased.  Certain foreign milling operations
may operate at less than full capacity due to low demand related to
poor  consumer purchasing power, excess milling capacity  in  their
competitive  environment and European-subsidized  wheat  and  flour
exports.  Seaboard also owns seven 9,000 metric-ton deadweight  dry
bulk  carriers, one 23,400 metric ton deadweight dry bulk  carrier,
and  "time  charters" (the charter of a vessel, whereby the  vessel
owner  is responsible to provide the captain and crew necessary  to
operate  the vessel) under short-term agreements, between four  and
27  bulk carrier ocean vessels with deadweights ranging  from 4,000
to 64,000 metric tons.

 12

(3)  Marine - Seaboard's  Marine  Division leases a 135,000  square
foot warehouse and 70 acres of port terminal land and facilities in
Miami,   Florida   which  are  used  in  its  containerized   cargo
operations.   Seaboard also leases an approximately 62  acre  cargo
handling  and  terminal facility in Houston, Texas, which  includes
several  on-dock warehouses totaling approximately  690,000  square
feet  for  cargo storage.  At December 31, 2007, Seaboard owned  12
ocean  cargo vessels with deadweights ranging from 2,600 to  19,500
metric tons and time chartered under contracts ranging from one  to
three  years,  approximately 26 containerized ocean  cargo  vessels
with  deadweights  ranging from 3,400 to 21,800  metric  tons.   In
addition, Seaboard has one vessel with a deadweight of 4,800 metric
tons under contract with a term under one year.  Seaboard also owns
or  leases  an  aggregate of approximately 48,000 dry, refrigerated
and specialized containers and units of related equipment.

(4)  Sugar  and  Citrus - Seaboard's  Argentine  Sugar  and  Citrus
Division  owns  more  than 60,000 acres of  planted  sugarcane  and
approximately  3,000  acres of orange trees.   Depending  on  local
harvest  and market conditions, this business also purchases  third
party sugar and citrus for resale.  In addition, this division owns
a  sugar  mill  with  a  current capacity to process  approximately
230,000 metric tons of sugar and approximately four million gallons
of alcohol per year.  This capacity is sufficient to process all of
the   cane  harvested  by  this  division  and  certain  additional
quantities  harvested on behalf of the third party farmers  in  the
region.   The sugarcane fields and processing mill are  located  in
northern   Argentina  in  the  Salta  Province,  which  experiences
seasonal  rainfalls that may limit the harvest season,  which  then
affects  the  duration of mill operations and quantities  of  sugar
produced.   During  2008, it is anticipated  construction  will  be
completed  on  the  alcohol distillery operation  to  increase  the
alcohol production capacity to approximately 13 million gallons per
year.   This division also owns a juice processing plant and  fresh
fruit  packaging plant with capacity to produce approximately 5,000
tons  of concentrated juice and package approximately 400,000 boxes
of fresh fruit annually.

(5)  Power - Seaboard's  Power Division owns two floating  electric
power  generating  facilities, consisting of  a  system  of  diesel
engines  mounted  onto barge-type vessels, with  a  combined  rated
capacity of approximately 112 megawatts, both located on the  Ozama
River  in Santo Domingo, Dominican Republic.  At times during early
2007   and   throughout  2006,  Seaboard's  power  production   was
restricted by the regulatory authorities in the Dominican Republic.
The  regulatory body schedules production based on  the  amount  of
funds  available  to pay for the power produced  and  the  relative
costs  of  the power produced.  Seaboard operates as an independent
power   producer.   Seaboard  is  not  directly  involved  in   the
transmission and distribution facilities that deliver the power  to
the  end  users but does have contracts to sell directly  to  third
party users.

(6)  Other - Seaboard  owns a jalapeno pepper processing plant  and
warehouse in Honduras.

Management believes that Seaboard's present facilities are adequate
and suitable for its current purposes.

Item 3.  Legal Proceedings

The  information  required by Item 3 of Form 10-K  is  incorporated
herein by reference to Note 11 of Seaboard's Consolidated Financial
Statements  appearing  on page 53 of Seaboard's  Annual  Report  to
Stockholders furnished to the Commission pursuant to Rule  14a-3(b)
and attached as Exhibit 13 to this Report.

Item 4.  Submission of Matters to a Vote of Security Holders

No  matter  was submitted to a vote of security holders during  the
last quarter of the fiscal year covered by this report.

Executive Officers of Registrant

The  following  table  lists  the executive  officers  and  certain
significant  employees of Seaboard.  Generally, executive  officers
are  elected  at  the  annual meeting of  the  Board  of  Directors
following the Annual Meeting of Stockholders and hold office  until
the  next  such annual meeting or until their respective successors
are  duly  chosen  and  qualified.  There are  no  arrangements  or
understandings pursuant to which any executive officer was elected.


 13

Name (Age)                 Positions and Offices with Registrant and Affiliates

Steven J. Bresky (54)      President and Chief Executive Officer

Robert  L.  Steer (48)     Senior Vice President, Chief  Financial Officer

David  M.  Becker (46)     Vice President,  General  Counsel  and Secretary

Barry E. Gum (41)          Vice President, Finance and Treasurer

James L. Gutsch (54)       Vice President, Engineering

Ralph L. Moss (62)         Vice President, Governmental Affairs

David  S.  Oswalt (40)     Vice President, Taxation  and  Business Development

John  A. Virgo (47)        Vice President, Corporate Controller and
                           Chief Accounting Officer

Rodney K. Brenneman (43)   President, Seaboard Foods, LP

David  M. Dannov (46)      President, Seaboard Overseas and  Trading Group

Edward A. Gonzalez (42)    President, Seaboard Marine Ltd.

Mr.  Steven  J. Bresky has served as President and Chief  Executive
Officer  since  July 2006 and previously as Senior Vice  President,
International  Operations of Seaboard from February  2001  to  July
2006.

Mr.  Steer  has  served as Senior Vice President,  Chief  Financial
Officer  of Seaboard since December 2006 and previously  as  Senior
Vice  President, Treasurer and Chief Financial Officer  from  2001-
2006.

Mr.  Becker  has  served  as Vice President,  General  Counsel  and
Secretary of Seaboard since December 2003, and previously  as  Vice
President,  General Counsel and Assistant Secretary  from  2001  to
2003.

Mr.  Gum  has  served as Vice President, Finance and  Treasurer  of
Seaboard since December 2006, previously as Vice President, Finance
from 2003-2006 and Director of Finance from 2000 to 2003.

Mr.  Gutsch  has served as Vice President, Engineering of  Seaboard
since December 1998.

Mr.  Moss  has  served as Vice President, Governmental  Affairs  of
Seaboard since December 2003 and previously as Director, Government
Affairs from 1993 to 2003.

Mr.  Oswalt  has  served as Vice President, Taxation  and  Business
Development  of  Seaboard since December  2003  and  previously  as
Director of Tax from 1995 to 2003.

Mr.  Virgo  has served as Vice President, Corporate Controller  and
Chief  Accounting  Officer  of Seaboard  since  December  2003  and
previously as Corporate Controller from 1996 to 2003.

Mr.  Brenneman  has  served  as President  of  Seaboard  Foods,  LP
(previously Seaboard Farms Inc.) since June 2001.

Mr. Dannov has served as President of Seaboard Overseas and Trading
Group since August 2006 and previously as Vice President, Treasurer
of Seaboard Overseas and Trading Group from 1996 to 2006.

Mr. Gonzalez has served as President of Seaboard Marine, Ltd. since
January   2005  and  previously  as  Vice  President  of   Terminal
Operations of Seaboard Marine Ltd. from 2000 to 2005.


                                 PART II

Item 5.  Market for Registrant's Common Equity, Related Stockholder
Matters and Issuer Purchases of Equity Securities

Seaboard's  Board of Directors intends that Seaboard will  continue
to pay quarterly dividends, with the actual amount of any dividends
being   dependant   upon  such  factors  as  Seaboard's   financial
condition,  results of operations and current and anticipated  cash
needs, including capital requirements.  As discussed in Note  8  of
the consolidated financial statements appearing on pages 47 and  48
of the Seaboard Corporation Annual Report to Stockholders furnished
to the Commission

 14

pursuant to Rule 14a-3(b) and attached as Exhibit 13 to this Report
(which discussion is incorporated herein by reference),  Seaboard's
ability to declare  and  pay  dividends  is subject  to limitations
imposed by the note agreements referred  to there.

Seaboard  has  not  established  any equity  compensation  plans  or
individual agreements for its employees under which  Seaboard common
stock,  or  options,  rights or warrants with  respect  to  Seaboard
common stock, may be granted.

The following table sets forth information concerning any purchases
made by or on behalf of Seaboard or any "affiliated purchaser"  (as
defined  by  applicable  rules  of the  Commission)  of  shares  of
Seaboard's  common stock during the fourth quarter  of  the  fiscal
year covered by this report.

Purchases  of  Equity  Securities  by  the  Issuer  and  Affiliated
Purchasers

                  Issuer Purchases of Equity Securities



                                                        Total       Approximate
                                                        Number      Dollar
                                                        of Shares   Value of
                                                        Purchased   Shares
                                                        as Part     that May
                                                        of          Yet Be
                                 Total       Average    Publicly    Purchased
                                 Number of   Price      Announced   Under the
                                 Shares      Paid per   Plans or    Plans or
Period                           Purchased   Share      Programs    Programs

September 30 to October 31, 2007        -       n/a          n/a    $32,159,314
November 1 to November 30, 2007     3,344    $1,480.92      3,344   $27,207,127
December 1 to December 31, 2007     5,102    $1,508.42      5,102   $19,511,158
Total                               8,446    $1,497.53      8,446   $19,511,158

All purchases during the quarter were made under the authorization
from  our  Board  of  Directors announced on  August  8,  2007  to
purchase up to $50 million of shares of Seaboard common stock.  An
expiration  date  of August 31, 2009 has been specified  for  this
authorization.   All  purchases  were  made  through   open-market
purchases and all the repurchased shares have been retired.

In  addition  to  the  information provided above,  the  information
required  by Item 5 of Form 10-K is incorporated herein by reference
to  (a)  the  information  under "Stockholder  Information  -  Stock
Listing," (b) the dividends per common share information and  market
price  range per common share information under "Quarterly Financial
Data"  and  (c)  the  information under "Company Performance  Graph"
appearing  on pages 60, 9 and 8, respectively, of Seaboard's  Annual
Report to Stockholders furnished to the Commission pursuant to  Rule
14a-3(b) and attached as Exhibit 13 to this report.

Item 6.  Selected Financial Data

The  information  required by Item 6 of Form 10-K  is  incorporated
herein  by  reference to the "Summary of Selected  Financial  Data"
appearing  on  page 7 of Seaboard's Annual Report  to  Stockholders
furnished to the Commission pursuant to Rule 14a-3(b) and  attached
as Exhibit 13 of this Report.

Item   7.    Management's  Discussion  and  Analysis  of  Financial
Condition and Results of Operations

The  information  required by Item 7 of Form 10-K  is  incorporated
herein  by  reference to "Management's Discussion and  Analysis  of
Financial Condition and Results of Operations" appearing  on  pages
10 through 26 of Seaboard's Annual Report to Stockholders furnished
to the Commission pursuant to Rule 14a-3(b) and attached as Exhibit
13 to this Report.

 15

Item  7A.   Quantitative and Qualitative Disclosures  About  Market
Risk

The  information  required by Item 7A of Form 10-K is  incorporated
herein  by  reference  to  (a)  the  material  under  the  captions
"Derivative Instruments and Hedging Activities" within  Note  1  of
Seaboard's Consolidated Financial Statements appearing on pages  37
and 38 of Seaboard's Annual Report to Stockholders furnished to the
Commission pursuant to Rule 14a-3(b) and attached as Exhibit 13  to
this  Report,  and  (b) the material under the caption  "Derivative
Information"  within  "Management's  Discussion  and  Analysis   of
Financial Condition and Results of Operations" appearing  on  pages
24 through 26 of Seaboard's Annual Report to Stockholders furnished
to the Commission pursuant to Rule 14a-3(b) and attached as Exhibit
13 to this Report.

Item 8.  Financial Statements and Supplementary Data

The  information  required by Item 8 of Form 10-K  is  incorporated
herein  by  reference  to  Seaboard's "Quarterly  Financial  Data,"
"Report   of   Independent  Registered  Public  Accounting   Firm,"
"Consolidated   Statements  of  Earnings,"  "Consolidated   Balance
Sheets,"  "Consolidated  Statements of Cash  Flows,"  "Consolidated
Statements  of  Changes  in  Equity"  and  "Notes  to  Consolidated
Financial  Statements" appearing on page 9 and pages 28 through  59
of  Seaboard's  Annual  Report  to Stockholders  furnished  to  the
Commission pursuant to Rule 14a-3(b) and attached as Exhibit 13  to
this Report.

Item   9.   Changes  in  and  Disagreements  with  Accountants   on
Accounting and Financial Disclosure

Not applicable.

Item 9A.  Controls and Procedures

Evaluation  of Disclosure Controls and Procedures - As of  December
31,  2007, Seaboard's management has evaluated, under the direction
of   our   chief  executive  and  chief  financial  officers,   the
effectiveness of Seaboard's disclosure controls and procedures,  as
defined in Exchange Act rule 13a - 15(e).  Based upon and as of the
date  of  that  evaluation, Seaboard's chief  executive  and  chief
financial  officers  concluded that Seaboard's disclosure  controls
and  procedures were effective to ensure that information  required
to  be  disclosed  in the reports it files and  submits  under  the
Securities  Exchange Act of 1934 is recorded, processed, summarized
and  reported  as and when required.  It should be noted  that  any
system of disclosure controls and procedures, however well designed
and  operated,  can  provide  only reasonable,  and  not  absolute,
assurance  that the objectives of the system are met.  In addition,
the  design of any system of disclosure controls and procedures  is
based  in  part  upon  assumptions about the likelihood  of  future
events.   Due to these and other inherent limitations of  any  such
system,  there  can  be no assurance that any  design  will  always
succeed  in  achieving its stated goals under all potential  future
conditions.

Management's Report on Internal Control Over Financial Reporting  -
Information   required   by  Item  9A  of  Form   10-K   concerning
management's  report on Seaboard's internal control over  financial
reporting,   as   defined  in  Exchange  Act  rule   13a-15(f)   is
incorporated herein by reference to Seaboard's "Management's Report
on  Internal Control over Financial Reporting" appearing on page 27
of  Seaboard's  Annual  Report  to Stockholders  furnished  to  the
commission pursuant to Rule 14a-3(b) and attached as Exhibit 13  to
this report.

Registered   Public   Accounting  Firm's   Attestation   Report   -
Information  required by Item 9A of Form 10-K with respect  to  the
registered   public   accounting  firm's  attestation   report   on
Seaboard's   internal   controls  over   financial   reporting   is
incorporated   herein  by  reference  to  "Report  of   Independent
Registered  Public  Accounting  Firm"  appearing  on  page  29   of
Seaboard's   Annual  Report  to  Stockholders  furnished   to   the
commission pursuant to Rule 14-3(b) and attached as Exhibit  13  to
this report.

Change  in  Internal  Controls  -  There  has  been  no  change  in
Seaboard's internal control over financial reporting that  occurred
during  the  fiscal  quarter  ended  December  31,  2007  that  has
materially affected, or is reasonably likely to materially  affect,
Seaboard's internal control over financial reporting.

Item 9B.  Other Information

Not Applicable.

 16

                             PART III

Item  10.   Directors,  Executive Officers of  the  Registrant  and
Corporate Governance

We  refer  you  to  the  information under the  caption  "Executive
Officers   of  Registrant"  appearing  immediately  following   the
disclosure in Item 4 of Part I of this report.

Seaboard  has  a  Code of Ethics Policy (the Code)  for  directors,
officers  (including our chief executive officer,  chief  financial
officer,   chief   accounting  officer,  controller   and   persons
performing  similar functions) and employees.  Seaboard has  posted
the Code on its internet website, www.seaboardcorp.com, and intends
to  disclose any future changes and waivers to the Code by  posting
such information on that website.

In  addition  to  the information provided above,  the  information
required  by  Item  10  of  Form 10-K  is  incorporated  herein  by
reference  to (a) the disclosure relating to directors under  "Item
1:   Election  of  Directors" appearing on  page  5  of  Seaboard's
definitive proxy statement filed pursuant to Regulation 14A for the
2007  annual meeting of Stockholders ("2008 Proxy Statement"),  (b)
the  disclosure relating to Seaboard's audit committee  and  "audit
committee  financial expert" and its director nomination procedures
under "Board of Directors Information -- Committees of the Board --
Audit  Committee" and "Board of  Directors Information --  Director
Nominations"  appearing  on  pages  6  and  7  of  the  2008  Proxy
Statement,  and  (c)  the disclosure relating to  late  filings  of
reports required under Section 16(a) of the Securities Exchange Act
of   1934  under  "Section  16(a)  Beneficial  Ownership  Reporting
Compliance" appearing on  page 25 of the 2008 Proxy Statement.

Item 11.  Executive Compensation

The  information  required by Item 11 of Form 10-K is  incorporated
herein  by reference to (a) the disclosure relating to compensation
of  directors under "Board of Directors Information -- Compensation
of  Directors"  and "Employment Arrangements with  Named  Executive
Officers" appearing on page 7 and pages 10 and 11 of the 2008 Proxy
Statement,  and  (b)  the disclosure relating  to  compensation  of
executive   officers  under  "Executive  Compensation   and   Other
Information,"   "Benefit   Plans"   and   "Compensation   Committee
Interlocks  and  Insider  Participation,"  "Compensation  Committee
Report"  and  "Compensation Discussion and Analysis"  appearing  on
pages 8 and 9, and pages 11 through 22 of the 2008 Proxy Statement.

Item  12.   Security  Ownership of Certain  Beneficial  Owners  and
Management and Related Stockholder Matters

Seaboard  has  not  established any equity  compensation  plans  or
individual agreements for its employees under which Seaboard common
stock,  or  options,  rights or warrants with respect  to  Seaboard
common stock may be granted.

In  addition  to  the information provided above,  the  information
required  by  Item  12  of   Form 10-K is  incorporated  herein  by
reference  to  the  disclosure under "Principal  Stockholders"  and
"Share  Ownership of Management and Directors" appearing on page  4
of the 2008 Proxy Statement.

Item  13.   Certain  Relationships and  Related  Transactions,  and
Director Independence

The  information  required by Item 13 of Form 10-K is  incorporated
herein by reference to the disclosure under "Compensation Committee
Interlocks and Insider Participation" appearing on pages 21 and  22
of  the  2008 Proxy Statement, and the disclosure under  "Board  of
Directors  Information  -  Controlled Corporation"  and  "Board  of
Directors Information - Committees of the Board" appearing on  page
6 of the 2008 Proxy Statement.

Item 14.  Principal Accounting Fees and Services

The  information  required by Item 14 of Form 10-K is  incorporated
herein  by reference to the disclosure under "Item 2  Selection  of
Independent Auditors" appearing on pages 22 through 24 of the  2008
Proxy Statement.

 17



                              PART IV

Item 15.  Exhibits, Financial Statement Schedules

(a)  The following documents are filed as part of this report:

  1. Consolidated financial statements.
     See Index to Consolidated Financial Statements on page F-1.

  2. Consolidated financial statement schedules.
     See Index to Consolidated Financial Statements on page F-1.

  3. Exhibits.

     3.1    Seaboard's    Restated   Certificate   of   Incorporation.
            Incorporated  herein  by  reference  to  Exhibit  3.1   of
            Seaboard's Form 10-Q for the quarter ended April 1, 2006.

     3.2    Seaboard's  By-laws, as amended.  Incorporated  herein  by
            reference  to  Exhibit  3.2 of Seaboard's  Form  10-K  for
            fiscal year ended December 31, 2006.

     4.1    Seaboard Corporation Note Purchase Agreement dated  as  of
            September 30, 2002 between Seaboard and various purchasers
            as   listed  in  the  exhibit.   Incorporated  herein   by
            reference to Exhibit 4.3 of Seaboard's Form 10-Q  for  the
            quarter ended September 28, 2002.

     4.2    Seaboard Corporation $32,500,000 5.8% Senior Note,  Series
            A,  due  September 30, 2009  issued pursuant to  the  Note
            Purchase  Agreement described above.  Incorporated  herein
            by  reference to Exhibit 4.4 of Seaboard's Form  10-Q  for
            the quarter ended September 28, 2002.

     4.3    Seaboard Corporation $38,000,000 6.21% Senior Note, Series
            B,  due  September 30, 2009  issued pursuant to  the  Note
            Purchase  Agreement described above.  Incorporated  herein
            by  reference to Exhibit 4.5 of Seaboard's Form  10-Q  for
            the quarter ended September 28, 2002.

     4.4    Seaboard Corporation $7,500,000 6.21% Senior Note,  Series
            C,  due  September 30, 2012  issued pursuant to  the  Note
            Purchase  Agreement described above.  Incorporated  herein
            by  reference to Exhibit 4.6 of Seaboard's Form  10-Q  for
            the quarter ended September 28, 2002.

     4.5    Seaboard Corporation $31,000,000 6.92% Senior Note, Series
            D,  due  September 30, 2012  issued pursuant to  the  Note
            Purchase  Agreement described above.  Incorporated  herein
            by  reference to Exhibit 4.7 of Seaboard's Form  10-Q  for
            the quarter ended September 28, 2002.

     4.6    Seaboard Corporation Credit Agreement dated as of December
            3,  2004  ($200,000,000 revolving credit facility expiring
            on December 2, 2009).  Incorporated herein by reference to
            Exhibit 4.14 of Seaboard's Form 10-K for fiscal year ended
            December 31, 2004.

     4.7    Amendment  No.  1    to    Seaboard   Corporation   Credit
            Agreement   dated  December  3,  2004        ($200,000,000
            revolving  credit facility expiring on December 2,  2009).
            Incorporated  herein  by  reference  to  Exhibit  4.1   of
            Seaboard's Form 10-Q for the quarter ended July 2, 2005

     4.8    Notice   of  Reduction  of  Aggregate  Commitments   (from
            $200,000,000 to $100,000,000) under Credit Agreement dated
            as of December 3, 2004 among Seaboard Corporation, Bank of
            America,  N.A.,  Scotia Capital, Inc.,  Harris  Trust  and
            Savings Bank and SunTrust Bank and the Other Lenders Party
            Hereto  Incorporated herein by reference to Exhibit 4.1 of
            Seaboard's Form 10-Q for the quarter ended October 1, 2005

     10.1*  Seaboard   Corporation   Executive   Retirement Plan, 2005
            Amendment  and  Restatement dated March 6, 2006,  amending
            and   restating   the   Seaboard   Corporation   Executive
            Retirement  Plan  dated  November 5,  2004.   Incorporated
            herein by reference to Exhibit 10.1 of Seaboard's Form 10-
            K for fiscal year ended December 31, 2006.

 18

     10.2*  Seaboard   Corporation   Executive  Deferred  Compensation
            Plan  dated December 29, 2005, amending and restating  the
            Seaboard Corporation Executive Deferred Compensation  Plan
            dated  January 1, 1999.  Incorporated herein by  reference
            to  Exhibit  10.3 of Seaboard's Form 10-K for fiscal  year
            ended December 31, 2006.

     10.3*  Seaboard   Corporation   Executive  Retirement  Plan Trust
            dated  November  5, 2004 between Seaboard Corporation  and
            Robert  L.  Steer  as  trustee.   Incorporated  herein  by
            reference to Exhibit 10.2 of Seaboard's Form 10-Q for  the
            quarter ended October 2, 2004.

     10.4*  Seaboard    Corporation   Investment  Option   Plan  dated
            December  18,  2000.  Incorporated herein by reference  to
            Exhibit 10.7 of Seaboard's Form 10-K for fiscal year ended
            December 31, 2000.

     10.5   Marketing  Agreement dated February 2, 2004 by  and  among
            Seaboard Corporation, Seaboard Farms, Inc., Triumph  Foods
            LLC, and for certain limited purposes only, the members of
            Triumph  Foods LLC.  Incorporated herein by  reference  to
            Exhibit  10.2  of  Seaboard's Form 8-K dated  February  3,
            2004.

     10.6*  Seaboard    Corporation  Retiree  Medical   Benefit   Plan
            dated March 4, 2005.  Incorporated herein by reference  to
            Exhibit  10.10  of Seaboard's Form 10-K  for  fiscal  year
            ended December 31, 2004.

     10.7*  Seaboard    Corporation    Executive    Officers'    Bonus
            Policy.  Incorporated herein by reference to Exhibit 10.10
            of Seaboard's Form 10-K for fiscal year ended December 31,
            2006.

     10.8*  Employment  Agreement  between  Seaboard  Corporation  and
            Steven  J. Bresky dated July 1, 2005.  Incorporated herein
            by  reference to Exhibit 10.1 of Seaboard's Form 10-Q  for
            the quarter ended July 2, 2005.

     10.9*  Employment  Agreement  between  Seaboard  Corporation  and
            Robert  L. Steer dated July 1, 2005.  Incorporated  herein
            by  reference to Exhibit 10.2 of Seaboard's Form 10-Q  for
            the quarter ended July 2, 2005.

     10.10* Employment   Agreement   between  Seaboard Farms, Inc. and
            Rodney  K.  Brenneman  dated July 1,  2005.   Incorporated
            herein by reference to Exhibit 10.3 of Seaboard's Form 10-
            Q for the quarter ended July 2, 2005.

     10.11* Employment    Agreement   between  Seaboard Corporation and
            Edward  A.   Gonzalez  dated July  1,  2005.   Incorporated
            herein by reference to Exhibit 10.14 of Seaboard's Form 10-
            K for fiscal year ended December 31, 2006.

     10.12* Seaboard        Corporation      Nonqualified      Deferred
            Compensation   Plan dated December 29, 2005.   Incorporated
            herein by reference to Exhibit 10.15 of Seaboard's Form 10-
            K for fiscal year ended December 31, 2006.

     10.13* Amendment  to   Employment   Agreement  between    Seaboard
            Corporation and Edward A. Gonzalez dated  August  8,  2006.
            Incorporated  herein  by  reference  to   Exhibit  10.1  of
            Seaboard's Form 10-Q for the quarter ended July 1, 2006.

     10.14* Employment   Agreement  between  Seaboard  Corporation  and
            David  M. Dannov dated July 1, 2006.  Incorporated   herein
            by  reference to Exhibit 10.17 of Seaboard's Form  10-K for
            fiscal year ended December 31, 2006.

     10.15* Second    Amendment   to   Employment   Agreement   between
            Seaboard Corporation and Edward A. Gonzalez  dated  January
            17,  2007.   Incorporated herein by  reference  to  Exhibit
            10.18  of  Seaboard's  Form 10-K   for  fiscal  year  ended
            December 31, 2006.

     13     Sections of Annual  Report to security holders specifically
            incorporated herein by reference herein.

     21     List of subsidiaries.

     31.1   Certification of the  Chief Executive Officer  Pursuant  to
            Exchange   Act   Rules  13a-14(a)/15d-14(a),   as   Adopted
            Pursuant to  Section 302 of the Sarbanes-Oxley Act of 2002.

 19

     31.2   Certification of the Chief Financial Officer  Pursuant   to
            Exchange   Act  Rules  13a-14(a)/15d-14(a),   as    Adopted
            Pursuant to Section 302 of the Sarbanes-Oxley Act of  2002.

     32.1   Certification of the Chief Executive  Officer  Pursuant  to
            18 U.S.C. Section 1350, as Adopted  Pursuant to Section 906
            of the Sarbanes-Oxley Act of 2002.

     32.2   Certification of the Chief Financial  Officer  Pursuant  to
            18 U.S.C. Section 1350, as Adopted  Pursuant to Section 906
            of the Sarbanes-Oxley Act of 2002.

  *  Management contract or compensatory plan or arrangement.

(b)  Exhibits.

See exhibits identified above under Item 15(a)3.


(c)  Financial Statement Schedules.

See  financial  statement  schedules identified  above  under  Item
15(a)2.


 20

                           SIGNATURES

Pursuant  to  the  requirements of Section 13  or  15(d)  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.

                      SEABOARD CORPORATION

By    /s/Steven J. Bresky               By    /s/Robert L. Steer
      Steven J. Bresky, President and         Robert L. Steer,
      Chief Executive Officer                 Senior Vice President,
      (principal executive officer)           Chief Financial Officer
                                              (principal financial officer)

Date: February 28, 2008                 Date: February 28, 2008



By    /s/John A. Virgo
      John A. Virgo, Vice President, Corporate
      Controller and Chief Accounting Officer
      (principal accounting officer)

Date: February 28, 2008



Pursuant  to the requirements of the Securities Exchange  Act  of
1934,  this report has been signed below by the following persons
on  behalf  of registrant and in the capacities and on the  dates
indicated.

By    /s/Steven J. Bresky               By    /s/Kevin M. Kennedy
      Steven J. Bresky, Director and          Kevin M. Kennedy, Director
      Chairman of the Board

Date: February 28, 2008                 Date: February 28, 2008



By    /s/David A. Adamsen               By    /s/Joseph E. Rodrigues
      David A. Adamsen, Director              Joseph E. Rodrigues, Director

Date: February 28, 2008                 Date: February 28, 2008



By    /s/Douglas W. Baena
      Douglas W. Baena, Director

Date: February 28, 2008


 21


 SEABOARD CORPORATION AND SUBSIDIARIES
     Index to Consolidated Financial Statements and Schedule
                      Financial Statements


                                                               Stockholders'
                                                            Annual Report Page

Report of Independent Registered Public Accounting Firm             28

Consolidated Statement of Earnings for the years
 ended December 31, 2007, December 31, 2006 and
 December 31, 2005                                                  30

Consolidated Balance Sheets as of December 31, 2007
 and December 31, 2006                                              31

Consolidated Statement of Cash Flows for the years
 ended December 31, 2007, December 31, 2006 and
 December 31, 2005                                                  32

Consolidated Statement of Changes in Equity for the
 years ended December 31, 2007, December 31, 2006 and
 December 31, 2005                                                  33

Notes to Consolidated Financial Statements                          34

The foregoing is incorporated herein by reference.

The   individual  financial  statements  of  the  nonconsolidated
foreign  affiliates, which would be required if each such foreign
affiliate  were a Registrant, are omitted because (a)  Seaboard's
and  its other subsidiaries' investments in and advances to  such
foreign affiliates do not exceed 20% of the total assets as shown
by  the most recent consolidated balance sheet and (b) Seaboard's
and  its other subsidiaries' equity in the earnings before income
taxes and extraordinary items of the foreign affiliates does  not
exceed   20%   of  such  income  of  Seaboard  and   consolidated
subsidiaries  compared to the average income for  the  last  five
fiscal years.

Combined   condensed   financial  information   as   to   assets,
liabilities  and  results of operations have been  presented  for
nonconsolidated  foreign affiliates in Note 5 of  "Notes  to  the
Consolidated Financial Statements."


II - Valuation and Qualifying Accounts for the years ended
     December 31, 2007, 2006 and 2005                              F-3

All  other  schedules are omitted as the required information  is
inapplicable  or the information is presented in the consolidated
financial statements or related consolidated notes.

 F-1

     REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

The Board of Directors and Stockholders
Seaboard Corporation:

Under  date of February 28, 2008, we reported on the consolidated
balance  sheets  of  Seaboard Corporation and  subsidiaries  (the
Company)  as  of  December 31, 2007 and  2006,  and  the  related
consolidated statements of earnings, changes in equity  and  cash
flows  for  each  of  the  years in the three-year  period  ended
December  31, 2007, as contained in the December 31, 2007  annual
report  to stockholders.  These consolidated financial statements
and  our  report  thereon are incorporated by  reference  in  the
annual report on Form 10-K for the year ended December 31,  2007.
In  connection with our audits of the aforementioned consolidated
financial  statements, we also audited the  related  consolidated
financial statement schedule as listed in the accompanying index.
This  financial statement schedule is the responsibility  of  the
Company's  management.   Our  responsibility  is  to  express  an
opinion on this financial statement schedule based on our audits.

In   our   opinion,  such  financial  statement  schedule,   when
considered  in  relation  to  the  basic  consolidated  financial
statements  taken as a whole, presents fairly,  in  all  material
respects, the information set forth therein.

Our  report  dated  February  28, 2008  contains  an  explanatory
paragraph  that states the Company adopted Statement of Financial
Accounting  Standards No. 158, Employers' Accounting for  Defined
Benefit Pension and Other Postretirement Plans, in 2006.

                                   KPMG LLP

Kansas City, Missouri
February 28, 2008

 F-2




                                                      Schedule II
              SEABOARD CORPORATION AND SUBSIDIARIES
                Valuation and Qualifying Accounts
                         (In Thousands)



                                   Balance at      Provision   Net deductions    Balance at
                                beginning of year     (1)           (2)          end of year
                                                                       
Year ended December 31, 2007:

  Allowance for doubtful accounts   $14,638          1,401         (7,979)         $ 8,060

Year ended December 31, 2006:

  Allowance for doubtful accounts   $16,155          2,479         (3,996)         $14,638

Year ended December 31, 2005:

  Allowance for doubtful accounts   $14,524          3,987         (2,356)         $16,155



(1)  The allowance for doubtful accounts provision is charged  to
selling, general and administrative expenses.

(2)    Includes   write-offs  net  of  recoveries  and   currency
translation adjustments.



 F-3