Fontanelle, IA | CMN - 12/4/2024 09:28
My next door neighbor/former manager was blindsided by the decision and given about two days more notice than the other employees were. Talk is that our local facility was showing a decent profit over the past several years and that closing facilities is a "Wall Street" based decision made to pacify shareholders earning expectations...I have no reason not to believe the talk.
My thoughts are Cargill and Nutrien shareholders got used to profits made from $7.00 corn and $14.00 soybeans and don't much care for the projected profits $3.00 corn and $9.00 soybeans...or less generate.
If cargill isn’t a publicly traded company on Wall Street, then why would the family group care about what Wallstreet says?
Cargills secret sauce has always been non disclosure/non public & tight reins on information releases so that publicly traded competitors are always somewhat guessing…….
You’d swear with ADMs turmoil right now….. it’d be “lock and load Ramathorne”. |
Cargill and Nutrien layoffs/closures
