UNITED STATES
                   SECURITIES AND EXCHANGE COMMISSION
                         Washington, D.C.  20549

                                FORM 10-Q

  (Mark One)

  { X }  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
         SECURITIES EXCHANGE ACT OF 1934

              For the quarterly period ended March 29, 2008

                                   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)

                           Not Applicable
     (Former name, former address and former fiscal year, if changed
                           since last report.)

       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 whether the registrant is a large accelerated
  filer, an accelerated filer, a non-accelerated filer or a smaller
  reporting company. See the definitions of "large 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 Exchange Act).  Yes    .   No  X .

     There were 1,243,909 shares of common stock, $1.00 par value per
   share, outstanding on April 21, 2008.

                                      Total pages in filing - 19 pages

 1


 PART I - FINANCIAL INFORMATION
 Item 1.  Financial Statements


                      SEABOARD CORPORATION AND SUBSIDIARIES
                  Condensed Consolidated Statements of Earnings
                 (Thousands of dollars except per share amounts)
                                 (Unaudited)

                                                        Three Months Ended
                                                      March 29,    March 31,
                                                        2008         2007

Net sales:
   Products                                         $  745,900   $  512,951
   Services                                            218,849      197,814
   Other                                                28,919       18,383
Total net sales                                        993,668      729,148

Cost of sales and operating expenses:
   Products                                            681,241      461,168
   Services                                            185,942      150,270
   Other                                                25,335       16,640
Total cost of sales and operating expenses             892,518      628,078

Gross income                                           101,150      101,070

Selling, general and administrative expenses            41,768       44,252

Operating income                                        59,382       56,818

Other income (expense):
   Interest expense                                     (2,826)      (3,542)
   Interest income                                       4,272        4,641
   Income from foreign affiliates                        3,948        1,416
   Minority and other noncontrolling interests             (26)         (77)
   Foreign currency loss, net                           (1,733)      (3,304)
   Miscellaneous, net                                    3,446          586
Total other income (expense), net                        7,081         (280)

Earnings before income taxes                            66,463       56,538

Income tax benefit (expense)                             3,564       (7,183)

Net earnings                                        $   70,027   $   49,355

Earnings per common share                           $    56.28   $    39.13

Dividends declared per common share                 $     0.75   $     0.75

Average number of shares outstanding                 1,244,205    1,261,367

    See accompanying notes to condensed consolidated financial statements.

 2

                       SEABOARD CORPORATION AND SUBSIDIARIES
                       Condensed Consolidated Balance Sheets
                               (Thousands of dollars)
                                    (Unaudited)

                                                      March 29,   December 31,
                                                        2008          2007

                            Assets

Current assets:

   Cash and cash equivalents                       $   40,261    $   47,346

   Short-term investments                             293,474       286,660

   Receivables, net                                   392,772       359,313

   Inventories                                        437,195       392,946

   Deferred income taxes                               19,920        19,558

   Other current assets                                87,046        77,710

Total current assets                                1,270,668     1,183,533

Investments in and advances to foreign affiliates      65,256        60,706

Net property, plant and equipment                     755,093       730,395

Goodwill                                               40,628        40,628

Intangible assets, net                                 30,493        30,895

Other assets                                           51,239        47,542

Total assets                                       $2,213,377    $2,093,699

           Liabilities and Stockholders' Equity

Current liabilities:

   Notes payable to banks                          $  159,836    $   85,088

   Current maturities of long-term debt                11,077        11,912

   Accounts payable                                   118,175       135,398

   Other current liabilities                          187,148       190,530

Total current liabilities                             476,236       422,928

Long-term debt, less current maturities               125,400       125,532

Deferred income taxes                                 100,905       105,697

Other liabilities                                      86,123        84,343

Total non-current and deferred liabilities            312,428       315,572

Minority and other noncontrolling interests               971           971

Stockholders' equity:

   Common stock of $1 par value,
     Authorized 4,000,000 shares;
     issued and outstanding 1,243,909 and 1,244,278
      shares                                            1,244         1,244

   Accumulated other comprehensive loss               (77,695)      (78,651)

   Retained earnings                                1,500,193     1,431,635

Total stockholders' equity                          1,423,742     1,354,228

Total liabilities and stockholders' equity         $2,213,377    $2,093,699

   See accompanying notes to condensed consolidated financial statements.

 3

                         SEABOARD CORPORATION AND SUBSIDIARIES
                    Condensed Consolidated Statements of Cash Flows
                                 (Thousands of dollars)
                                      (Unaudited)

                                                           Three Months Ended
                                                           March 29,  March 31,
                                                             2008       2007

Cash flows from operating activities:
   Net earnings                                            $ 70,027  $  49,355
   Adjustments to reconcile net earnings to cash
     from operating activities:
       Depreciation and amortization                         21,283     18,783
       Income from foreign affiliates                        (3,948)    (1,416)
       Other investment income, net                          (1,520)      (420)
       Foreign currency exchange losses                       7,975          -
       Minority and noncontrolling interest                      26         77
       Deferred income taxes                                 (5,364)      (822)
       Gain from sale of fixed assets                          (461)      (515)
   Changes in current assets and liabilities:
        Receivables, net of allowance                       (32,152)    36,618
        Inventories                                         (44,504)   (14,760)
        Other current assets                                 (9,858)    (5,130)
        Current liabilities, exclusive of debt              (20,537)   (39,005)
   Other, net                                                 3,807      7,456
Net cash from operating activities                          (15,226)    50,221

Cash flows from investing activities:
   Purchase of short-term investments                       (63,658)  (752,131)
   Proceeds from the sale of short-term investments          49,896    767,495
   Proceeds from the maturity of short-term investments       5,459      2,432
   Investments in and advances to foreign affiliates, net        42      1,978
   Capital expenditures                                     (47,663)   (39,019)
   Repurchase of minority interest in a controlled
    subsidiary                                                    -    (30,000)
   Proceeds from the sale of fixed assets                       727        639
   Other, net                                                (1,185)    (1,219)
Net cash from investing activities                          (56,382)   (49,825)

Cash flows from financing activities:
   Notes payable to banks, net                               67,034        853
   Principal payments of long-term debt                        (989)    (1,990)
   Repurchase of common stock                                  (536)         -
   Dividends paid                                              (933)      (946)
   Other, net                                                   (26)       (40)
Net cash from financing activities                           64,550     (2,123)

Effect of exchange rate change on cash                          (27)       390

Net change in cash and cash equivalents                      (7,085)    (1,337)

Cash and cash equivalents at beginning of year               47,346     31,369

Cash and cash equivalents at end of period                 $ 40,261  $  30,032

     See accompanying notes to condensed consolidated financial statements.

 4


SEABOARD CORPORATION AND SUBSIDIARIES
Notes to Condensed Consolidated Financial Statements (Unaudited)

Note 1 - Accounting Policies and Basis of Presentation

The  condensed consolidated financial statements include the accounts  of
Seaboard   Corporation   and  its  domestic  and   foreign   subsidiaries
("Seaboard").   All  significant intercompany balances  and  transactions
have  been eliminated in consolidation.  Seaboard's investments  in  non-
controlled  affiliates  are  accounted for by  the  equity  method.   The
unaudited condensed consolidated financial statements should be  read  in
conjunction  with the consolidated financial statements of  Seaboard  for
the  year  ended  December  31, 2007 as filed in  its  Annual  Report  on
Form   10-K.    Seaboard's   first  three   quarterly   periods   include
approximately 13 weekly periods ending on the Saturday closest to the end
of March, June and September.  Seaboard's year-end is December 31.

The  accompanying  unaudited condensed consolidated financial  statements
include  all  adjustments (consisting only of normal recurring  accruals)
which,   in  the  opinion  of  management,  are  necessary  for  a   fair
presentation of financial position, results of operations and cash flows.
Results  of operations for interim periods are not necessarily indicative
of results to be expected for a full year.

Use of Estimates

The  preparation of the consolidated financial statements  in  conformity
with U.S. generally accepted accounting principles requires management to
make estimates and assumptions that affect the reported amounts of assets
and  liabilities, the disclosure of contingent assets and liabilities  at
the  date  of  the  consolidated financial statements, and  the  reported
amounts  of  revenues and expenses during the reporting  period.   Actual
results could differ from those estimates.

New Accounting Standards

In  December 2007, the Financial Accounting Standards Board (FASB) issued
Statement  of  Financial  Accounting Standards No.  141(R)  (SFAS  141R),
"Business  Combinations."  This statement defines  the  acquirer  as  the
entity  that  obtains control of one or more businesses in  the  business
combination,  establishes  the acquisition date  as  the  date  that  the
acquirer  achieves  control and requires the acquirer  to  recognize  the
assets  acquired, liabilities assumed and any noncontrolling interest  at
their  fair  values  as  of the acquisition date.   This  statement  also
requires  that  acquisition-related costs of the acquirer  be  recognized
separately  from the business combination and will generally be  expensed
as  incurred.   Seaboard will be required to adopt this statement  as  of
January 1, 2009.  The impact of adopting SFAS 141R will be limited to any
future  business combinations for which the acquisition  date  is  on  or
after January 1, 2009.

In  December  2007,  the  FASB issued Statement of  Financial  Accounting
Standards  No. 160 (SFAS 160), "Noncontrolling Interests in  Consolidated
Financial  Statements-an amendment of ARB No. 51."  This  statement  will
change the accounting and reporting for minority interests, which will be
recharacterized as noncontrolling interests and classified as a component
of  equity.   Seaboard  will be required to adopt this  statement  as  of
January  1,  2009.   The adoption of SFAS 160 will not  have  a  material
impact on Seaboard's financial position or net earnings.

In  February 2008, the FASB issued FASB Staff Position 157-2 which defers
the  effective date of SFAS 157 for nonfinancial assets and  nonfinancial
liabilities,  except for items that are recognized or disclosed  at  fair
value  in an entity's financial statements on a recurring basis (at least
annually).   Seaboard  will  be required to  adopt  SFAS  157  for  these
nonfinancial assets and nonfinancial liabilities as of January  1,  2009.
Management believes the adoption of SFAS 157 deferral provisions will not
have a material impact on Seaboard's financial position or net earnings.

In  March  2008,  the  FASB  issued  Statement  of  Financial  Accounting
Standards  No. 161 (SFAS 161), "Disclosures about Derivative  Instruments
and  Hedging  Activities-an amendment of FASB Statement No.  133."   This
statement   will  change  the  disclosure  requirements  for   derivative
instruments  and  hedging activities. Entities are  required  to  provide
enhanced  disclosures  about  how  and  why  an  entity  uses  derivative
instruments,  how  derivative instruments and related  hedged  items  are
accounted  for  under Statement 133 and its related interpretations,  and
how  derivative instruments and related hedged items affect  an  entity's
financial  position,  net  earnings, and cash flows.   Seaboard  will  be
required to adopt this statement as of January 1, 2009.  The adoption  of
SFAS 161 will not have a material impact on Seaboard's financial position
or net earnings.

Note 2 - Repurchase of Minority Interest

On  December  27,  2006,  Seaboard entered into a Purchase  Agreement  to
repurchase the 4.74% equity interest in Seaboard Foods LP from the former
owners  of  Daily's effective January 1, 2007.  As part of  the  Purchase
Agreement,  on January 2, 2007 Seaboard paid $30,000,000 of the  purchase
price  for  the  4.74% equity interest to the former

 5

owners of Daily's.  Based on the formula of operating results and certain
net  cash  flows  through  June 30, 2007, the  final  purchase  price was
determined  to  be  $61,260,000, including  transaction costs of $53,000.
Seaboard paid the balance of the purchase price owed to the former owners
of Daily's of $31,207,000 in August 2007.

Note 3 - Inventories

The   following  is  a  summary  of  inventories  at  March  29,  2008  and
December 31, 2007:

                                                         March 29, December 31,
(Thousands of dollars)                                     2008       2007

At lower of LIFO cost or market:
      Live hogs and materials                             $201,373  $181,019
      Fresh pork and materials                              24,800    18,550
                                                           226,173   199,569
      LIFO adjustment                                      (30,653)  (23,509)
         Total inventories at lower of LIFO cost or market 195,520   176,060

At lower of FIFO cost or market:
      Grain, primarily wheat and corn, and soybean meal    128,836   100,082
      Sugar produced and in process                         34,807    35,180
      Other                                                 38,366    33,782
         Total inventories at lower of FIFO cost or market 202,009   169,044

Grain, flour and feed at lower of weighted average cost or
  market                                                    39,666    47,842
         Total inventories                                $437,195  $392,946

Note 4 - Income Taxes

Seaboard's  tax  returns are regularly audited by  federal,  state  and
foreign  tax authorities, which may result in adjustments.   Seaboard's
U.S. federal income tax returns have been reviewed through the 2004 tax
year.   There have not been any material changes in unrecognized income
tax benefits since December 31, 2007.  Interest related to unrecognized
tax benefits and penalties were not material for the three months ended
March 29, 2008.

Note 5 - Fair Value Measurements

In  September  2006, the FASB issued Statement of Financial  Accounting
Standards  No.  157  (SFAS  157),  "Fair  Value  Measurements".    This
statement  established a single authoritative definition of fair  value
when  accounting  rules  require the use  of  fair  value,  set  out  a
framework for measuring fair value, and required additional disclosures
about  fair-value measurements.  SFAS 157 clarifies that fair value  is
an  exit price, representing the amount that would be received to  sell
an  asset  or  paid  to transfer a liability in an orderly  transaction
between market participants.

Seaboard  adopted  SFAS 157 on January 1, 2008 with  the  exception  of
nonfinancial assets and nonfinancial liabilities that were deferred  by
FASB  Staff  Position 157-2 as discussed in Note  1  to  the  Condensed
Consolidated Financial Statements.  As of March 29, 2008, Seaboard  has
not  applied  SFAS 157 to goodwill and intangible assets in  accordance
with FASB Staff Position 157-2.

SFAS  157  discusses valuation techniques, such as the market  approach
(prices  and other relevant information generated by market  conditions
involving  identical or comparable assets or liabilities),  the  income
approach  (techniques  to  convert future  amounts  to  single  present
amounts based on market expectations including present value techniques
and  option-pricing),  and  the cost approach  (amount  that  would  be
required  to  replace the service capacity of an asset which  is  often
referred  to  as  replacement cost).  SFAS 157 utilizes  a  fair  value
hierarchy that prioritizes the inputs to valuation techniques  used  to
measure  fair value into three broad levels.  The following is a  brief
description of those three levels:

Level 1:     Observable inputs such as unadjusted quoted prices in active
markets for identical assets or liabilities that the Company has the
ability to access at the measurement date.

 6

Level 2:   Inputs other than quoted prices included within Level 1 that
are  observable  for  the  asset  or  liability,  either  directly   or
indirectly.   These  include  quoted  prices  for  similar  assets   or
liabilities  in  active  markets and quoted  prices  for  identical  or
similar assets or liabilities in markets that are not active.

Level 3:   Unobservable inputs that reflect the reporting entity's own
assumptions.

The following table shows assets and liabilities measured at fair value
on a recurring basis as of March 29, 2008 and also the level within the
fair value hierarchy used to measure each category of assets.

                                       Quoted Prices
                                        In Active      Significant
                                       Markets for        Other     Significant
                              Balance   Identical      Observable  Unobservable
                             March 29,    Assets         Inputs       Inputs
(Thousands of dollars)         2008     (Level 1)      (Level 2)     (Level 3)

 Assets:
Available-for-sale securities  $293,474   $ 26,870      $266,604       $    -
Deferred compensation plans      29,775     21,218         8,557            -
Derivatives                      19,409      9,448         9,961            -
 Total Assets                  $342,658   $ 57,536      $285,122       $    -
 Total Liabilities-Derivatives $ 10,544   $  6,652      $  3,892       $    -

In  February  2007,  the FASB issued Statement of Financial  Accounting
Standards  No.  159  (SFAS 159), "The Fair Value Option  for  Financial
Assets  and Financial Liabilities."  This statement provided  companies
with  an option to report selected financial assets and liabilities  at
fair value.  This statement was effective for Seaboard as of January 1,
2008;  however Seaboard did not elect the option to report any  of  the
selected financial assets and liabilities at fair value.

Note 6 - Employee Benefits

Seaboard maintains a defined benefit pension plan ("the Plan") for  its
domestic salaried and clerical employees.  As a result of its liquidity
and   tax   positions,  in  April  2007  Seaboard  made  a   deductible
contribution in the amount of $10,000,000 for the 2006 plan  year.   At
this   time   management  does  not  plan  on  making  any   additional
contributions  in  2008 for the 2007 or 2008 plan year.   Additionally,
Seaboard  also sponsors non-qualified, unfunded supplemental  executive
plans,  and  unfunded supplemental retirement agreements  with  certain
executive  employees.  Management is considering funding  alternatives,
but  currently  has no plans to provide funding for these  supplemental
plans in advance of when the benefits are paid.

The  late  Mr.  H. H. Bresky retired as President and CEO  of  Seaboard
effective July 6, 2006.  As a result of Mr. Bresky's retirement, he was
entitled  to a lump sum payment of $8,709,000 from Seaboard's Executive
Retirement Plan.  Under IRS regulations, there is a six month delay  of
benefit payments for key employees and thus Mr. Bresky was not paid his
lump  sum  until  February 2007.  This lump sum  payment  exceeded  the
Company's service and interest cost components under this plan and thus
required  Seaboard  to  recognize a portion of  its  actuarial  losses.
However,  Seaboard  was  not  relieved  of  its  obligation  until  the
settlement  was  paid  in 2007.  Accordingly, the  settlement  loss  of
$3,671,000  was  not recognized until February 2007 in accordance  with
Statement   of  Financial  Accounting  Standards  No.  88,   "Employers
Accounting for Settlements and Curtailments of Defined Benefit  Pension
for Termination Benefits."

 7

The net periodic benefit cost of these plans was as follows:

                                                     Three Months Ended
                                                    March 29,   March 31,
(Thousands of dollars)                                2008        2007

Components of net periodic benefit cost:
 Service cost                                       $ 1,395     $ 1,219
 Interest cost                                        1,960       1,407
 Expected return on plan assets                      (1,681)     (1,247)
 Amortization and other                                 369         510
 Settlement loss                                          -       3,671
 Net periodic benefit cost                          $ 2,043     $ 5,560

Note 7 - Commitments and Contingencies

During  the  fourth  quarter of 2005, Seaboard's  subsidiary,  Seaboard
Marine,  received  a notice of violation letter from U.S.  Customs  and
Border  Protection demanding payment of a significant  penalty  for  an
alleged  failure  to  manifest narcotics in  connection  with  Seaboard
Marine's  shipping  operations, in violation of a federal  statute  and
regulation.   In response to Seaboard Marine's petition for relief, the
amount of the penalty has been reduced to an amount which will not have
a  material adverse effect on the consolidated financial statements  of
Seaboard.   Seaboard is reviewing the reduction and  will  continue  to
have  discussions  with  U.S. Customs and Border  Protection  toward  a
possible further reduction in the penalty of Seaboard.

Seaboard is subject to various other legal proceedings related  to  the
normal conduct of its business, including various environmental related
actions.   In  the  opinion of management, none  of  these  actions  is
expected to result in a judgment having a materially adverse effect  on
the consolidated financial statements of Seaboard.

Contingent Obligations

Certain  of the non-consolidated affiliates and third party contractors
who  perform  services  for Seaboard have bank  debt  supporting  their
underlying  operations.   From  time to  time,  Seaboard  will  provide
guarantees of that debt allowing a lower borrowing rate or facilitating
third   party  financing  in  order  to  further  Seaboard's   business
objectives.   Seaboard does not issue guarantees of third  parties  for
compensation.    As  of  March  29,  2008,  Seaboard   had   guarantees
outstanding  to  two  third parties with a total  maximum  exposure  of
$1,978,000.  Seaboard has not accrued a liability for any of the  third
party  or  affiliate guarantees as management considered the likelihood
of loss to be remote.

As  of  March  29,  2008, Seaboard had outstanding  letters  of  credit
("LCs")  with various banks which reduced its borrowing capacity  under
its  committed  credit facilities by $56,471,000.   Included  in  these
amounts  are  LCs  totaling $42,688,000, which support  the  Industrial
Development Revenue Bonds included as long-term debt and $13,708,000 of
LCs related to insurance coverages.

Note 8 - Stockholders' Equity and Accumulated Other Comprehensive Loss

Components  of  total comprehensive income, net of related  taxes,  are
summarized as follows:

                                                      Three Months Ended
                                                      March 29, March 31,
(Thousands of dollars)                                  2008      2007

Net earnings                                          $70,027   $49,355
Other comprehensive income
net of applicable taxes:
Foreign currency translation adjustment                   430      (480)
Unrealized gains (losses) on investments                  299       566
Unrecognized pension cost                                 227     2,603
Amortization of deferred gain on interest rate swaps        -       (43)

Total comprehensive income                            $70,983   $52,001

 8

The  components of and changes in accumulated other comprehensive  loss
for the three months ended March 29, 2008 are as follows:

                                          Balance                  Balance
                                        December 31,   Period     March 29,
(Thousands of dollars)                      2007       Change       2008

Foreign currency translation adjustment  $(58,719)    $   430     $(58,289)
Unrealized gain on investments              1,149         299        1,448
Unrecognized pension cost                 (21,081)        227      (20,854)

Accumulated other comprehensive loss     $(78,651)    $   956     $(77,695)

With the exception of the foreign currency translation loss to which  a
35%  federal  tax  rate  is  applied, income taxes  for  components  of
accumulated  other  comprehensive  loss  were  recorded  using  a   39%
effective  tax  rate.   In  addition,  the  unrecognized  pension  cost
includes  $5,465,000 related to employees at certain  subsidiaries  for
which no tax benefit has been recorded.

On  August  7,  2007,  the  Board of Directors authorized  Seaboard  to
repurchase  from  time  to  time  prior  to  August  31,  2009  up   to
$50,000,000  market  value  of  its Common  Stock  in  open  market  or
privately negotiated purchases, of which $18,975,000 remained available
at  March  29,  2008.   During  the first  quarter  of  2008,  Seaboard
repurchased  369 shares of common stock at a cost of $536,000.   Shares
repurchased  are retired and resume status of authorized  and  unissued
shares.

Note 9 - Segment Information

Seaboard has an investment in a Bulgarian wine business (the Business).
Since  March 2007, this business has been unable to make its  scheduled
loan  payments  and  has been in technical default on  its  bank  debt.
During  the  fourth quarter of 2007, Seaboard signed  an  agreement  to
allow a bank to take majority ownership of the Business resulting in  a
loss  of significant influence by Seaboard.  Accordingly, in the fourth
quarter  of  2007  Seaboard discontinued using  the  equity  method  of
accounting  and  wrote-off the remaining investment balance.   Seaboard
recorded 50% of the losses from the Business in 2007.

The  Pork segment has $28,372,000 of goodwill and $24,000,000 of  other
intangibles  not  subject  to  amortization  in  connection  with   its
acquisition  of  Daily's in 2005.  The fair value of  these  intangible
assets  as of December 31, 2007 is partially based on certain scenarios
that  include  management's ability and intention to  grow  and  expand
Daily's  through  construction or acquisition of  additional  capacity.
However,  based  in  part  on recent market conditions,  management  is
currently  evaluating such future plans for expanding Daily's capacity.
Accordingly, depending on the ultimate outcome of management's decision
for  the  future  plans  of  expanding Daily's  capacity,  there  is  a
possibility  that  some  amount  of  either  this  goodwill  or   other
intangible assets, or both, could be deemed impaired during some future
period including fiscal 2008, which may result in a material charge  to
earnings.

The  following  tables set forth specific financial  information  about
each segment as reviewed by Seaboard's management. Operating income for
segment  reporting  is  prepared on the same basis  as  that  used  for
consolidated operating income.  Operating income, along with income  or
losses  from  foreign affiliates for the Commodity Trading and  Milling
segment,  is  used  as  the measure of evaluating  segment  performance
because management does not consider interest and income tax expense on
a segment basis.

 9

Sales to External Customers:

                                  Three Months Ended
                                 March 29,   March 31,
(Thousands of dollars)             2008        2007

Pork                            $238,915    $241,647
Commodity Trading and Milling    479,891     246,688
Marine                           210,940     191,059
Sugar and Citrus                  31,038      27,333
Power                             28,919      18,383
All Other                          3,965       4,038
   Segment/Consolidated Totals  $993,668    $729,148

Operating Income (Loss):

                                  Three Months Ended
                                 March 29,   March 31,
(Thousands of dollars)             2008        2007

Pork                            $ (4,842)   $ 20,911
Commodity Trading and Milling     49,072      10,228
Marine                            10,880      27,496
Sugar and Citrus                   3,173       4,615
Power                              2,359         471
All Other                            158         115
   Segment Totals                 60,800      63,836
Corporate Items                   (1,418)     (7,018)
   Consolidated Totals          $ 59,382    $ 56,818

Income (Loss) from Foreign Affiliates:

                                  Three Months Ended
                                 March 29,   March 31,
(Thousands of dollars)             2008        2007

Commodity Trading and Milling   $  3,936    $  2,355
Sugar and Citrus                      12         126
All Other                              -      (1,065)
   Segment/Consolidated Totals  $  3,948    $  1,416

Total Assets:

                                 March 29, December 31,
(Thousands of dollars)             2008        2007

Pork                          $  821,007  $  783,288
Commodity Trading and Milling    483,628     447,211
Marine                           248,871     231,278
Sugar and Citrus                 177,184     171,978
Power                             65,961      64,647
All Other                          7,555       6,993
   Segment Totals              1,804,206   1,705,395
Corporate Items                  409,171     388,304
   Consolidated Totals        $2,213,377  $2,093,699

 10

Investments in and Advances to Foreign Affiliates:

                                 March 29, December 31,
(Thousands of dollars)             2008        2007

Commodity Trading and Milling $   64,082  $   59,538
Sugar and Citrus                   1,174       1,168
  Segment/Consolidated Totals $   65,256  $   60,706

Administrative services provided by the corporate office  allocated  to
the  individual segments represent corporate services rendered  to  and
costs  incurred  for  each  specific division  with  no  allocation  to
individual  segments of general corporate management  oversight  costs.
Corporate  assets include short-term investments, other current  assets
related  to  deferred compensation plans, certain  investments  in  and
advances to foreign affiliates, fixed assets, deferred tax amounts  and
other   miscellaneous  items.   Corporate  operating  losses  represent
certain  operating  costs  not  specifically  allocated  to  individual
segments.

 11

Item  2.   Management's Discussion and Analysis of Financial  Condition
and Results of Operations

LIQUIDITY AND CAPITAL RESOURCES

Summary of Sources and Uses of Cash

Cash  and  short-term investments as of March 29, 2008  decreased  $0.3
million from December 31, 2007.  Cash used for capital expenditures was
$47.7  million and cash used for operating activities was $15.2 million
for  the  three months ended March 29, 2008.  These uses of  cash  were
funded by an increase in notes payable.  Cash from operating activities
decreased  $65.4  million for the 2008 quarter  compared  to  the  2007
quarter, primarily as the result of increases in working capital  needs
in  the  Commodity Trading and Milling segment, primarily for increased
amounts  of receivables and inventory, and the Pork segment,  primarily
for increased amounts of inventory.

Acquisitions, Capital Expenditures and Other Investing Activities

During  the three months ended March 29, 2008, Seaboard invested  $47.7
million  in  property, plant and equipment, of which $25.0 million  was
expended  in  the  Pork  segment, $0.5  million  was  expended  in  the
Commodity  Trading  and Milling segment, $14.5 million  in  the  Marine
segment,  and $7.4 million in the Sugar and Citrus segment.   The  Pork
segment  spent  $15.6 million on constructing additional hog  finishing
space  and the biodiesel plant.  The Marine segment spent $12.7 million
to  purchase cargo carrying and handling equipment.  In the  Sugar  and
Citrus  segment, the capital expenditures were primarily for  expansion
of  cane growing operations, development of the cogeneration plant  and
expansion   of  alcohol  distillery  operations.   All  other   capital
expenditures  are  of a normal recurring nature and  primarily  include
replacements   of   machinery  and  equipment,  and  general   facility
modernizations and upgrades.

For  the remainder of 2008 management has budgeted capital expenditures
totaling $125.0 million.  In April, 2008, the Pork segment entered into
an  agreement  to  build  and operate a majority-owned  ham-boning  and
processing  plant in Mexico.  The total cost of this plant is  expected
to  be  $12.0 million with approximately $10.0 million to be  spent  in
2008.  This plant is currently expected to be completed in early  2009.
In  addition,  the  Pork  segment plans  to  spend  $17.6  million  for
additional   hog   finishing  space,  improvements  to   existing   hog
facilities, upgrades to the Guymon pork processing plant and additional
facility  upgrades  and related equipment.  The Commodity  Trading  and
Milling  segment  plans  to spend $5.0 million  primarily  for  milling
facility  upgrades  and  related equipment.   The  Marine  segment  has
budgeted  $66.0  million primarily for the potential  purchase  of  two
containerized  cargo  vessels, additional cargo carrying  and  handling
equipment and the expansion of existing port facilities.  The Sugar and
Citrus  segment  plans  to  spend  $25.8  million  primarily  for   the
development  of  a  40 megawatt cogeneration plant, expansion  of  cane
growing   operations  and  completion  of  the  expansion  of   alcohol
distillery  operations.  The balance of $0.6 million is planned  to  be
spent  in  all other businesses.  Management anticipates funding  these
capital  expenditures from available cash, the use of available  short-
term investments or Seaboard's available borrowing capacity.

The  Pork  segment previously announced plans to expand  its  processed
meats capabilities by constructing a separate further processing plant,
primarily  for bacon, at an approximate cost of $45.0 million;  however
the   timing  of  this  facility  is  uncertain.   In  addition,  other
alternatives  to  construction  may  be  considered  for  this  project
including  the  acquisition  of an existing  facility.   As  a  result,
capital  expenditures during 2008 for this project, if  any,  have  not
been determined at this time.  In addition, Seaboard has decided not to
proceed  with any investment in the previously announced consortium  to
construct two coal-fired 305 megawatt electric generating plants in the
Dominican Republic.

Financing Activities and Debt

As  of  March 29, 2008, Seaboard had committed lines of credit totaling
$100.0   million   and  uncommitted  lines  totaling  $190.6   million.
Borrowings  outstanding  under the committed lines  of  credit  totaled
$43.0  million  and borrowings under the uncommitted  lines  of  credit
totaled  $116.8  million  as  of March 29, 2008.   Outstanding  standby
letters  of  credit  reduced Seaboard's borrowing  capacity  under  its
committed  credit  lines by $56.5 million primarily representing  $42.7
million for Seaboard's outstanding Industrial Development Revenue Bonds
and $13.7 million related to insurance coverages.

Seaboard's  remaining  2008 scheduled long-term debt  maturities  total
$10.9 million.  Management believes that Seaboard's current combination
of   internally  generated  cash,  liquidity,  capital  resources   and
borrowing capabilities will be adequate for its existing operations and
any   currently  known  potential  plans  for  expansion  of   existing
operations  or  business  segments.   Management  intends  to  continue
seeking opportunities for expansion in the industries in which Seaboard
operates,   utilizing   existing  liquidity  and  available   borrowing
capacity.

On  August  7,  2007,  the  Board of Directors authorized  Seaboard  to
repurchase  from  time to time prior to August 31,  2009  up  to  $50.0
million  market value of its Common Stock in open market  or  privately
negotiated  purchases,  of which $19.0 million  remained  available  at
March  29,  2008.  For the quarter ended March 29, 2008, Seaboard  used
cash  to

 12

repurchase   369   shares  of  common  stock  at  a total price of $0.5
million.   The  remaining stock repurchase will be funded  by  cash  on
hand.   Shares repurchased are retired and resume status of  authorized
and  unissued shares.  The Board's stock repurchase authorization  does
not  obligate Seaboard to acquire a specific amount of common stock and
the  stock repurchase program may be modified or suspended at any  time
at Seaboard's discretion.

See  Note  7 to the Condensed Consolidated Financial Statements  for  a
summary  of  Seaboard's  contingent obligations,  including  guarantees
issued to support certain activities of non-consolidated affiliates  or
third parties who provide services for Seaboard.

RESULTS OF OPERATIONS

Net  sales  increased to $993.7 million for the first quarter  of  2008
compared to $729.1 million for the first quarter of 2007.  The increase
primarily  reflects  the  result  of significant  price  increases  for
commodities  sold by the commodity trading business and,  to  a  lesser
extent, increased commodity trading volumes.

Operating income increased to $59.4 million in 2008, compared to  $56.8
million  during the first quarter of 2007. The increase for the quarter
is  primarily the result of higher commodity trading margins  that  are
not  expected to repeat and also reflects the $17.3 million fluctuation
of marking to market the derivative contracts, both as discussed below.
The  increase  was  partially offset by higher  feed  costs  for  hogs,
including the effect on LIFO reserves, from the increased price of corn
and  soybean  meal,  and lower margins on marine cargo  services  as  a
result of increased fuel and other costs.

Pork Segment
                                                  Three Months Ended
                                                  March 29, March 31,
(Dollars in millions)                               2008      2007

Net sales                                          $238.9    $241.6
Operating income (loss)                            $ (4.8)   $ 20.9

Net  sales  for the Pork segment decreased $2.7 million  in  the  first
quarter  of 2008 compared to the first quarter of 2007.   The  decrease
for  the  quarter  is  primarily the result of lower  prices  for  pork
products sold partially offset by higher sales volume of pork products.
Overall,  export  net sales were up as export sales  volumes  increased
more  than  export sale prices decreased. Overall, domestic  net  sales
were  down as domestic sale prices decreased more than domestic volumes
increased.

Operating  income for the Pork segment decreased $25.7 million  in  the
first  quarter  of  2008 compared to the first quarter  of  2007.   The
decrease  primarily  relates to higher feed costs  from  the  increased
price  of corn and soybean meal.  The decline was also attributable  to
lower  prices for pork products discussed above and the impact of using
the   LIFO  method  for  determining  certain  inventory  costs.   LIFO
decreased  operating  income by $7.1 million  in  2008  compared  to  a
decrease of $2.4 million in the first quarter of 2007, primarily  as  a
result  of  higher feed costs.  Partially offsetting  the  decrease  in
operating  income were commodity derivative gains and lower  costs  for
third party hogs used for processing.

Management is unable to predict future market prices for pork  products
or  the cost of feed and third party hogs.  Feed costs continue to rise
significantly, primarily from the higher cost of corn and soybean  meal
as demand has increased due to, among other things, the demand for corn
by  ethanol  plants.   Without a noted improvement  in  current  market
conditions including feed costs, management expects to incur additional
losses during the remainder of 2008.  In addition, as discussed in Note
9  to  the  Condensed Consolidated Financial Statements,  depending  on
management's  future  plans  for  expansion  of  Daily's,  there  is  a
possibility  that  some amount of either goodwill or  other  intangible
assets,  or  both, could be deemed impaired during some  future  period
including  fiscal  2008,  which may result  in  a  material  charge  to
earnings.

 13

Commodity Trading and Milling Segment

                                                  Three Months Ended
                                                  March 29, March 31,
(Dollars in millions)                               2008      2007

Net sales                                          $479.9    $246.7
Operating income                                   $ 49.1    $ 10.2
Income from foreign affiliates                     $  3.9    $  2.4

Net  sales  for  the  Commodity Trading and Milling  segment  increased
$233.2  million  in  the first quarter of 2008 compared  to  the  first
quarter  of  2007.   The increase primarily reflects significant  price
increases  for  commodities  sold by the  commodity  trading  business,
especially  for  wheat,  and, to a lesser extent,  increased  commodity
trading  volumes with third parties.  The increased trading volumes  to
third parties are primarily a result of Seaboard expanding its business
in new and existing markets.

Operating income for this segment increased $38.9 million in the  first
quarter  of  2008 compared to the first quarter of 2007.  The  increase
primarily reflects certain long inventory positions, principally wheat,
previously  taken  by  Seaboard  which  provided  higher  than  average
commodity   trading   margins  as  the  price  of   these   commodities
significantly  increased  to  historic  highs  at  the  time  of  sale.
However,  depending  on future commodity prices,  management  does  not
expect to be able to repeat these significant favorable margins for the
remainder  of  2008.  The fluctuation also reflects the  $17.3  million
fluctuation of marking to market the derivative contracts as  discussed
below  and,  to a lesser extent increased commodity trading volumes  as
discussed above.

Due to the uncertain political and economic conditions in the countries
in  which  Seaboard  operates  and  the  current  fluctuations  in  the
commodity  markets, management is unable to predict  future  sales  and
operating  results, but anticipates positive operating income  for  the
remainder  of  2008  based  on current market prices  for  commodities,
excluding  the  potential  effects  of  marking  to  market  derivative
contracts.  However,  the current unprecedented  high  level  of  grain
prices  increase  certain  business risks for  each  of  the  commodity
trading, consolidated milling and foreign affiliate operations in  this
segment.  Those risks, including holding high priced inventory  or  the
potential for reduced sales volumes, can increase if governments impose
sales  price  controls, grain prices fall significantly and competitors
hold  lower priced positions, or customers default, which could  result
in write-downs of inventory values and an increase in bad debt expense.
If  any  one  or  more  of  these conditions develop,  the  result  may
materially lower operating income and could result in operating  losses
for  any one or all of the commodity trading, consolidated milling  and
foreign affiliate operations.

Had  Seaboard  not applied mark-to-market accounting to its  derivative
instruments,  operating income would have been lower by  $17.2  million
for  the first quarter of 2008, while operating income would have  been
higher by $0.2 million for the first quarter of 2007.  While management
believes  its commodity futures and options, foreign exchange contracts
and  forward  freight agreements are primarily economic hedges  of  its
firm  purchase  and  sales  contracts or anticipated  sales  contracts,
Seaboard  does  not  perform the extensive record-keeping  required  to
account  for  these  types of  transactions as  hedges  for  accounting
purposes.   Accordingly, while the changes in value of  the  derivative
instruments  were marked to market, the changes in value  of  the  firm
purchase  or  sales contracts were not.  As products are  delivered  to
customers, these mark-to-market adjustments will be primarily offset by
realized margins as revenue is recognized.  Accordingly, these mark-to-
market gains could reverse in future quarters in 2008.

Income  from foreign affiliates in the first quarter of 2008  increased
by  $1.5 million compared to the first quarter of 2007.  Based  on  the
uncertainty of local political and economic situations in the countries
in  which the flour and feed mills operate, and increasing grain costs,
management cannot predict future results.

Marine Segment

                                                  Three Months Ended
                                                  March 29, March 31,
(Dollars in millions)                               2008      2007

Net sales                                          $210.9    $191.1
Operating income                                   $ 10.9    $ 27.5

Net  sales for the Marine segment increased $19.8 million in the  first
quarter  of  2008  compared to the first quarter  of  2007,  reflecting
higher cargo volumes and higher cargo rates.  Cargo volumes were higher
as  a  result of the expansion of services provided in certain  markets
and  continued  favorable economic conditions in  most  Latin  American
markets  served.  Cargo rates were higher in certain markets  primarily
as a result of higher cost-recovery surcharges for fuel.

 14

Operating income for the Marine segment decreased $16.6 million for the
first  quarter  of  2008 compared to the first quarter  of  2007.   The
decrease  was primarily the result of significantly higher  fuel  costs
for  vessels  on  a per unit shipped basis in excess  of  higher  cost-
recovery  surcharges noted above.   Operating income was also decreased
by higher costs on a per unit shipped basis for various operating costs
such as stevedoring, equipment, charter hire and owned-vessel operating
costs,  and  trucking.  Although management cannot predict  changes  in
future  volumes and cargo rates or to what extent changes  in  economic
conditions  and  operating  cost increases will  impact  net  sales  or
operating income, it does expect this segment to remain profitable  for
the remainder of 2008, although significantly lower than 2007.

Sugar and Citrus Segment

                                                  Three Months Ended
                                                  March 29, March 31,
(Dollars in millions)                               2008      2007

Net sales                                          $ 31.0    $ 27.3
Operating income                                   $  3.2    $  4.6
Income from foreign affiliates                     $  0.0    $  0.1

Net  sales  for the Sugar and Citrus segment increased $3.7 million  in
the  first quarter of 2008 compared to the first quarter of 2007.   The
increase  primarily  reflects higher domestic sugar  prices.   Although
domestic  Argentine  sugar  prices increased, governmental  authorities
continue to attempt to control inflation by limiting the price of basic
commodities,  including sugar.  Accordingly, management cannot  predict
whether sugar prices will continue to increase.  Seaboard expects to at
least maintain its historical sales volume to Argentinean customers.

Operating  income decreased $1.4 million in the first quarter  of  2008
compared  to the first quarter of 2007.  The decrease is the result  of
higher  administrative costs and lower overall margins on  sugar  sales
from a higher percentage mix of purchased third party sugar for resale,
which  has  a significantly lower margin compared to sugar produced  by
Seaboard.  Management expects operating income will remain positive for
the remainder of 2008.

Power Segment

                                                  Three Months Ended
                                                  March 29, March 31,
(Dollars in millions)                               2008      2007

Net sales                                          $ 28.9    $ 18.4
Operating income                                   $  2.4    $  0.5

Net  sales  for the Power segment increased $10.5 million in the  first
quarter  of  2008  compared  to the first  quarter  of  2007  primarily
reflecting higher rates.  The higher rates were attributable  primarily
to  higher  fuel  costs,  a  component of  pricing.   Operating  income
increased  $1.9  million in the first quarter of 2008 compared  to  the
first  quarter of 2007.  The increase is primarily the result of higher
rates  being in excess of higher fuel costs.  Management cannot predict
future  fuel costs or the extent to which rates will fluctuate compared
to  fuel  costs,  although management expects this  segment  to  remain
profitable for the remainder of 2008.

All Other

                                                  Three Months Ended
                                                  March 29, March 31,
(Dollars in millions)                               2008      2007

Net sales                                          $  4.0    $  4.0
Operating income                                   $  0.2    $  0.1
Loss from foreign affiliate                        $    -    $ (1.1)

Net  sales and operating income primarily represents results  from  the
jalapeno pepper operations.  The loss from foreign affiliate  reflects
Seaboard's  share  of  losses from its equity method  investment  in  a
Bulgarian  wine business.  During the fourth quarter of 2007,  Seaboard
signed  an agreement to allow a bank to take majority ownership of  the
wine business resulting in a loss of significant influence by Seaboard.
Accordingly,   Seaboard  discontinued  using  the  equity   method   of
accounting.   See  Note  9  to  the  Condensed  Consolidated  Financial
Statements for further discussion of this business.

 15


Selling, General and Administrative Expenses

Selling,  general  and  administrative ("SG&A") expenses  decreased  by
$2.5 million in the first quarter of 2008 compared to the first quarter
of 2007 primarily as a result of a $3.7 million pension settlement loss
recognized  in  the  first  quarter of 2007  related  to  Mr.  Bresky's
retirement  payment in February 2007 as discussed  in  Note  6  to  the
Condensed  Consolidated  Financial  Statements.   As  a  percentage  of
revenues, SG&A decreased to 4.2% in the first quarter of 2008  compared
to  6.1%  for  the  first  quarter of 2007 primarily  as  a  result  of
increased sales in the Commodity Trading and Milling segment and, to  a
lesser extent, the pension settlement loss noted above.

Foreign Currency Losses

Seaboard  realized net foreign currency losses of $1.7 million  in  the
first quarter of 2008 compared with $3.3 million of losses in the first
quarter of 2007.  The fluctuation for the quarter primarily relates  to
exchange  gains  realized in certain South American countries  for  the
Marine segment.

Miscellaneous, Net

Miscellaneous,  net  was  $3.4 million in the  first  quarter  of  2008
compared to $0.6 million in the first quarter of 2007.  The fluctuation
primarily reflects income in 2008 of $1.8 million in the Power  segment
related to the settlement of a receivable, not related to its business,
purchased  at a discount and, to a lesser extent, increased  income  of
$0.9  million from the mark-to-market of commodity futures and  options
contracts  that  management does not view as  economic  hedges  of  its
operations.

Income Tax Expense

The effective tax rate decreased in 2008 compared to 2007 resulting  in
a  tax benefit for 2008 primarily based on a projected domestic taxable
loss compared to permanently deferred foreign earnings for 2008.

OTHER FINANCIAL INFORMATION

In  December  2007,  the FASB issued Statement of Financial  Accounting
Standards  No.  141(R)  (SFAS  141R),  "Business  Combinations."   This
statement  defines the acquirer as the entity that obtains  control  of
one  or  more  businesses in the business combination, establishes  the
acquisition  date  as the date that the acquirer achieves  control  and
requires  the  acquirer  to recognize the assets acquired,  liabilities
assumed and any noncontrolling interest at their fair values as of  the
acquisition  date.   This  statement also  requires  that  acquisition-
related  costs  of  the  acquirer  be recognized  separately  from  the
business  combination  and  will generally  be  expensed  as  incurred.
Seaboard  will  be required to adopt this statement as  of  January  1,
2009.   The impact of adopting SFAS 141R will be limited to any  future
business  combinations for which the acquisition date is  on  or  after
January 1, 2009.

In  December  2007,  the FASB issued Statement of Financial  Accounting
Standards No. 160 (SFAS 160), "Noncontrolling Interests in Consolidated
Financial Statements-an amendment of ARB No. 51."  This statement  will
change the accounting and reporting for minority interests, which  will
be  recharacterized  as noncontrolling interests and  classified  as  a
component of equity.  Seaboard will be required to adopt this statement
as  of  January  1, 2009.  The adoption of SFAS 160  will  not  have  a
material impact on Seaboard's financial position or net earnings.

In  February  2008,  the FASB issued FASB Staff  Position  157-2  which
defers  the  effective  date of SFAS 157 for  nonfinancial  assets  and
nonfinancial  liabilities,  except for items  that  are  recognized  or
disclosed  at  fair  value  in an entity's financial  statements  on  a
recurring  basis  (at least annually).  Seaboard will  be  required  to
adopt   SFAS   157  for  these  nonfinancial  assets  and  nonfinancial
liabilities  as of January 1, 2009.   Management believes the  adoption
of  SFAS  157  will not have a material impact on Seaboard's  financial
position or net earnings.

In  March  2008,  the  FASB  issued Statement of  Financial  Accounting
Standards No. 161 (SFAS 161), "Disclosures about Derivative Instruments
and  Hedging Activities-an amendment of FASB Statement No. 133."   This
statement  will  change  the  disclosure  requirements  for  derivative
instruments  and hedging activities. Entities are required  to  provide
enhanced  disclosures  about  how and why  an  entity  uses  derivative
instruments,  how derivative instruments and related hedged  items  are
accounted for under Statement 133 and its related interpretations,  and
how  derivative instruments and related hedged items affect an entity's
financial  position, net earnings, and cash flows.   Seaboard  will  be
required  to adopt this statement as of January 1, 2009.  The  adoption
of  SFAS  161  will not have a material impact on Seaboard's  financial
position or net earnings.

 16

Item 3.  Quantitative and Qualitative Disclosures About Market Risk

Seaboard  is exposed to various types of market risks in its day-to-day
operations.  Seaboard utilizes derivative instruments to mitigate  some
of  these  risks  including both purchases and  sales  of  futures  and
options to hedge inventories, forward purchase and sale contracts,  and
forward freight agreements.  From time to time, Seaboard may enter into
speculative  derivative transactions not directly related  to  its  raw
material  requirements.  The nature of Seaboard's market risk  exposure
related   to   these   items   has   not   changed   materially   since
December 31, 2007.

Item 4.  Controls and Procedures

Evaluation   of  Disclosure  Controls  and  Procedures   -   Seaboard's
management  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) as of
March  29,  2008.   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.

Change  in  Internal Controls - There has been no change in  Seaboard's
internal control over financial reporting required by Exchange Act Rule
13a-15  that  occurred during the fiscal quarter ended March  29,  2008
that  has  materially affected, or is reasonably likely  to  materially
affect, Seaboard's internal control over financial reporting.

PART II - OTHER INFORMATION

Item 1A.  Risk Factors

There  have  been no material changes in the risk factors as previously
disclosed  in Seaboard's Annual Report on form 10-K for the year  ended
December 31, 2007.

Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds

The following table contains information regarding Seaboard's purchase of
its common stock during the quarter.

                  Issuer Purchases of Equity Securities

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

January 1 to January 31, 2008         -       n/a         n/a      $19,511,158
February 1 to February 29, 2008       -       n/a         n/a      $19,511,158
March 1 to March 29, 2008           369    $ 1,452        369      $18,975,441
Total                               369    $ 1,452        369      $18,975,441

All  purchases during the quarter were made under the authorization from
our  Board  of  Directors to purchase up to $50.0  million  of  Seaboard
common  stock announced on August 8, 2007.  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.

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

The  annual  meeting  of stockholders was held  on  April  28,  2008  in
Auburndale,  Massachusetts.   Two items were  submitted  to  a  vote  as
described  in  Seaboard's Proxy Statement dated  March  14,  2008.   The
following  table  briefly describes the proposals  and  results  of  the
stockholders' vote.

                                              Votes in      Votes
                                               Favor       Withheld

1.To elect the following persons as directors.

   Steven J. Bresky                           1,143,126.24   77,570
   David A. Adamsen                           1,154,499.24   66,197
   Douglas W. Baena                           1,154,468.24   66,228
   Kevin M. Kennedy                           1,154,487.24   66,209
   Joseph E. Rodrigues                        1,154,426.24   66,270

                                              Votes in      Votes      Votes
                                               Favor       Against   Abstaining

2.To ratify selection of KPMG LLP as
  independent auditors for 2008.              1,219,514.24    1,022      160

There were no broker nonvotes on any matter.

Item 6.  Exhibits

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

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

This Form 10-Q contains 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, including the impact  of  mark-to-
market  accounting on operating income; 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 sales price or market conditions for pork, grains, sugar  and
other  products  and services, (iv) statements concerning  management's
expectations of recorded tax effects under existing 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  costs and related spot market prices and collection  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.

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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  report,  including without limitation the information  under  the
headings  "Management's Discussion and Analysis of Financial  Condition
and  Results  of Operations," identifies important factors which  could
cause such differences.



                              SIGNATURES


Pursuant  to the requirements 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.




                           DATE:  April 29, 2008
                           Seaboard Corporation


                           by:  /s/ Robert L. Steer
                               Robert L. Steer, Senior Vice President,
                               Chief Financial Officer
                               (principal financial officer)



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


 19