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EX-99.1 - SEABOARD CORPORATION PURCHASES INTEREST IN BUTTERBALL, LLC - SEABOARD CORP /DE/ex99-1.txt
8-K - SEABAORD CORPORATION 8-K DATED 12-6-2010 - SEABOARD CORP /DE/k812610.txt


                                                               Exhibit 99.2

                               PRESS RELEASE
                          DECLARATION OF DIVIDEND

                                                           December 6, 2010
                                                    Shawnee Mission, Kansas

Seaboard Corporation (NYSE Amex symbol: SEB) with offices at 9000 West 67th
Street,  Shawnee Mission, Kansas 66202, today announced that the  Board  of
Directors  of  the Corporation has declared a dividend of Six  Dollars  and
Seventy-Five  Cents  ($6.75)  per  share  on  the  common  stock   of   the
Corporation,  payable December 31, 2010 to stockholders of  record  at  the
close  of  business  on  December 20, 2010.  The increased  amount  of  the
dividend (which has historically been $0.75 per share on a quarterly  basis
or  $3.00  per share on an annual basis) represents payment of the  regular
fourth quarter dividend of $0.75 per share and a special dividend of  $6.00
per  share, equaling the anticipated annual 2011 and 2012 dividends  ($3.00
per  share per year).  This increased dividend is being made to ensure that
the  taxes  shareholders will pay based on the receipt of the  dividend  is
taxed  at  the  currently  favorable  2010  tax  rate  on  dividends.   The
Corporation does not intend to declare any further dividends for the  years
2011 and 2012.