Cargill enters the meatless market

• Agricultural giant Cargill, one the world's largest privately held companies, is launching plant-based hamburger patties and ground "fake meat" products in April.
• Competitors like Beyond Meat (NASDAQ:BYND), Impossible Foods (IMPF), Tyson Foods (NYSE:TSN) and Nestle (OTCPK:NSRGY) are watching moves into the sector.
• "We believe we're uniquely positioned to be very effective and efficient in the supply chain," said Elizabeth Gutschenritter, managing director of Cargill's alternative protein team.

Comments

[BoomslangBites]

Aside from more beefier competition, the real issue for BYND is that Cargill is investing into the supply chain. They announced investments of $100 million in Puris, which supplies pea protein to BYND and others. If they keep doing that then they can start to strangle BYND or force them to find alternatives to meet their exorbitant sales projections to justify their valuation...

[Geezer50]

Wonder why pack of BB in my Costco is marked down from $19.99 CAD to $15.79 CAD on permanent basis?

[RobinSherwood]

For the same reason stores have permanent sales. You'll figure it out.

[Wuffy]

Big deal!!!

[Rierajesus]

Cargill is like GM while Bynd is like Tsla. Dont @me

[wackjack]

facts

[Brent Ross]

beyond has been building their brand for over 10y

[RobinSherwood]

This is the equivalent of saying Android enters the market. Goodbye Apple.

[I will fight the Fed]

Negative. This is equivalent of Apple entering market. Goodbye Blackberry.

[purrpullberra]

It doesn’t all taste the same. I liked the Beyond patties. Tried the ground ‘beef’ ugh, and couldn’t eat a second bite. I tried 2 others from Safeway, couldn’t eat a single bite of either meal I made with the stuff.
Still buy Beyond’s patties to fry up for burgers.
Don’t own any stock and almost certainly never will. But I don’t know what to think about breaking into the market when reactions to the food product can be so visceral and off putting, if it’s not the product for a person.
I buy the patties every other week on avg. now so if you get it right you can really score.

[Slava22]

@purrpullberra I have exactly the same experience.

[alawal]

BYND still has the name. It's not going away

[I will fight the Fed]

It's over Johnny. It's over.

Gbye BYND.

[Henry Miles]

What Cargill wants, Cargill gets.

[Value Digger]

The competition rises, which will impact negatively Conagra's (CAG) plant-based business too.

[A.Jay]

The competition is getting severe in the Fake Meat market. Only the fittest will survive in the long run.
I have always been bearish on BYND and have been advising a sell on it.

[User 43034176]

Soylent Green Is People you pirates

youtu.be/...

[alnelson2004]

I say,"Yes"!

[User 43034176]

I stand with my friend @alnelson2004
who knows exactly what is going on here

Cheers!