Wow, what a lot of divergent recommendations in this thread.
Re several comments to the effect that no one died using the material: This is hardly a convincing argument. Low-level toxicity may have deleterious effects that you don’t want to encounter even though short of fatal! However, I am dubious that cutting board uses of oils recommended in this thread pose much more than hypothetical problems.
I have made cutting boards over the years and finished them with Watco. Supposedly this oil-based product “polymerizes” and is inert for food purposes after some days of application. "No one has died." On the other hand, I’ve seen recommendations for various oils and sort of come to the conclusion that heat-treated walnut oil would be a better for cutting boards. (Available at Highland woodworking, but I have yet to try it.) Now I see Jeffrey Langdell’s note about "Preserve Woodenware Oil” of 100% non-toxic nut oils. I plan to try one of these two oils immediately.
My experience seems to belie the general recommendations that cutting boards require some sort of treatment. Yes, the appearance is improved, but the functionality is not harmed by neglecting to oil the surfaces. All we do is wash and dry cutting boards to remove all vesitiges of food after each use—not to be concerned about the cosmetics. Still, the idea of oiling with a nut oil seems appropriate and I will try it.
I just snapped a picture of a Dansk cutting board given to us as a wedding present forty years ago. It as been in daily use all this time and as far as I know has never been refinished in any manner. The board is thin plywood with end-grain teak (I think) on both faces.