From AgFunderNews, June 9:
- Cargill CEO Dave MacLennan has said that his company is preparing for a big shake-up in its business over the next few years, as consumer demand for the new generation of plant-based protein products eats into market share for meat from slaughtered animals.
- “Our analysis is that in […] three to four years, plant-based will be perhaps 10% of the market,” he said at a conference held by the US National Grain & Feed Association. “We’re a large beef producer and that is a big part of our portfolio. So there’s some cannibalization that will occur,” Reuters reported him as saying.
- The Cargill CEO also said that Cargill doesn’t expect China’s domestic livestock feed industry to become self-sufficient anytime soon. MacLennan’s comments came amid growing calls from Chinese authorities to ramp up internal production, even as the Asian country imported a record amount of grain for feed purposes last year.
Why it matters:
Cargill has been trying to increase its footprint in the plant-based protein space of late, anticipating the consumer shift away from animal protein....
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Mixed up metaphor. That isn't cannibalizing. This is cannibalizing:
October 4, 2016
"Stand up yah voracious man-eatin' sonofabitch and receive yir sintince. When yah came to Hinsdale County, there was siven Dimmycrats. But you, yah et five of 'em, goddam yah. I sintince yah t' be hanged by th' neck ontil yer dead, dead, dead, as a warnin' ag'in reducin' th' Dimmycratic populayshun of this county. Packer, you Republican cannibal, I would sintince ya ta hell but the statutes forbid it."This is not the first time Alferd has graced our pages. He was an endnote to 2015's "Trapped In the Snow With That Brother-In-Law Who Won't Stop Talking? Consider the Cannibal Lifestyle" where we pointed out the University of Colorado-Boulder student center was home to the Alferd Packer Restaurant & Grill.
