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8-K - SEABOARD CORPORATION 8-K DATED FEBRUARY 28, 2012 - SEABOARD CORP /DE/k8-22812.txt



                                                               Exhibit 99.1

                               PRESS RELEASE
                            REPORT OF EARNINGS

                                                          February 28, 2012
                                                    Shawnee Mission, Kansas

The  following is a report of earnings for Seaboard Corporation (NYSE  Amex
symbol: SEB) with offices at 9000 West 67th Street, Shawnee Mission, Kansas
66202, (the "Company"), for the three and twelve months ended December  31,
2011  and December 31, 2010, in thousands of dollars except share  and  per
share amounts.

                                  Three Months Ended   Twelve Months Ended
                                      December 31,          December 31,
                                    2011       2010       2011       2010

Net sales                       $1,403,418 $1,205,150 $5,746,902 $4,385,702

Net earnings attributable to
 Seaboard                       $   78,937 $  103,360 $  345,847 $  283,611


Net earnings per common share   $    65.12 $    85.01 $   284.66 $   231.69

Average number of shares
 outstanding                     1,212,106  1,215,879  1,214,934  1,224,092


Notes to Report of Earnings:

Included  in net earnings  attributable to  Seaboard for the twelve  months
ended  December 31, 2011 is a gain on sale  of power  generating facilities
in  the  amount  of  $52,923,000  or $43.56 per share.  There  was  no  tax
expense on this transaction.

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