8-K

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



                               FORM 8-K
                            CURRENT REPORT



PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934


  Date of Report (Date of earliest event reported) December 27, 2006


                         Seaboard Corporation
        (Exact name of registrant as specified in its charter)


      Delaware                          1-3390                 04-2260388
(State or other jurisdiction of      (Commission            (I.R.S. Employer
 incorporation or organization)       File Number)         Identification No.)


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


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


                            Not Applicable
    (Former name or former address, if changed since last report.)


Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of
the following provisions:

[ ]  Written communications pursuant to Rule 425 under the Securities Act
     (17 CFR 230.425)

[ ]  Soliciting material pursuant to Rule 14a-120 under the Exchange Act
     (17 CFR 240.14a-12)

[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))



Item 8.01.  Other Events

On December 29, 2006, Registrant issued a press release announcing the
repurchase of equity interest in Seaboard Foods LP.  The full text of this
press release is included as exhibit 99.1 and incorporated by reference in
this Current Report on Form 8-K.

Item 9.01.  Financial Statements and Exhibits

(c)  Exhibits

     Registrant hereby furnishes the following exhibit pursuant to Item
     8.01:

     99.1 Press release of Seaboard Corporation dated December 29, 2006
          announcing the repurchase of equity interest in Seaboard Foods
          LP.

 1





                                 SIGNATURE


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:  December 29, 2006

                           Seaboard Corporation

                           by: /s/ Robert L. Steer
                               Robert L. Steer, Senior Vice President,
                               Chief Financial Officer

 2

EX-99.1

                                                               Exhibit 99.1

                               PRESS RELEASE

                Seaboard Corporation (AMEX:  SEB) Announces
            Repurchase of Equity Interest in Seaboard Foods LP


                                                          December 29, 2006
                                                            Merriam, Kansas


As  previously  disclosed,  a portion of the purchase  price  for  Seaboard
Corporation's July 2005 acquisition of Daily's consisted of a 4.74%  equity
interest  in  Seaboard  Foods LP (previously Seaboard  Farms,  Inc.).   The
former  owners of Daily's also received an option to put their 4.74% equity
interest back to Seaboard after two years for the greater of $40 million or
a formula-determined value as of the put date.

On  December 27, 2006, Seaboard entered into a Purchase Agreement with  the
former  owners  of  Daily's for Seaboard's repurchase of the  4.74%  equity
interest  in Seaboard Foods effective January 1, 2007.  Under this Purchase
Agreement, on January 2, 2007 Seaboard will pay $30 million of the purchase
price  for  the  4.74%  equity interest to the former  owners  of  Daily's.
Seaboard  will  pay  the  balance of the purchase price  in  August,  2007,
currently  estimated  based  on the formula to  be  an  additional  $10-$40
million  depending on operating results and certain net cash flows  through
June  30, 2007.  The total purchase price for the 4.74% equity interest  is
equal to:

   - the greater of $40 million or the same formula-determined value of the
     original put option, determined as of June 30, 2007; less

   - the  amount  of interest which accrues on the initial  $30  million
     portion of the purchase from January 2, 2007 through the date on which the
     balance of the purchase price is paid.

Seaboard  Corporation  is  a  diversified  international  agribusiness  and
transportation  company, primarily engaged in domestic pork production  and
processing and cargo shipping.  Overseas, Seaboard is primarily engaged  in
commodity  merchandising, flour and feed milling,  produce  farming,  sugar
production and electric power generation.