A Cargill meat processing plant in Springdale, Arizona. Photo: Spencer Tirey/Getty Images

Agriculture giant Cargill will begin producing plant-based patties and ground "fake meat" products in April, the company announced Monday.

Why it matters: Cargill, one of the largest privately held companies in the U.S., presents new competition for startups Beyond Meat and Impossible Foods alongside meat giant Tyson Foods, which is rolling out its own plant-based products, Axios' Rashaan Ayesh reports.

What they're saying: "Cargill has a strong history of providing high-quality protein products to customers," Elizabeth Gutschenritter, managing director of Cargill’s alternative protein team, said.

  • "Producing plant-based products across our global supply chain is the logical next step to expanding our ability to meet consumer needs and bring new value to this category."

The big picture: Investment firm UBS projects that the market for plant-based protein and meat alternative products will increase from $4.6 billion in 2018 to $85 billion in 2030.

Go deeper: The next frontier for plant-based meat

Go deeper

20 Republican former U.S. attorneys endorse Biden, call Trump "a threat to the rule of law"

Photo: Mandel Ngan/AFP via Getty Images

Twenty Republican former U.S. Attorneys on Tuesday endorsed Joe Biden while saying that "President Trump's leadership is a threat to rule of law" in the U.S., the Washington Post reports.

What they're saying: In the letter, the former prosecutors criticize Trump's use of the Department of Justice, saying the president expects the DOJ to "to serve his personal and political interests."

  • "He has politicized the Justice Department, dictating its priorities along political lines and breaking down the barrier that prior administrations had maintained between political and prosecutorial decision-making," the letter says.
Updated 34 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Politics: Axios-Ipsos poll: Federal response has only gotten worse — The swing states where the pandemic is raging.
  2. Health: The coronavirus is starting to crush some hospitals — 13 states set single-day case records last week.
  3. Business: Winter coronavirus threat spurs new surge of startup activity.
  4. Media: Pandemic causes cable and satellite TV providers to lose the most subscribers ever.
  5. States: Nearly two dozen Minnesota COVID cases traced to 3 Trump campaign events.
  6. World: Unrest in Italy as restrictions grow across Europe.

Ted Cruz defends GOP's expected return to prioritizing national debt

Sen. Ted Cruz (R-Texas) told "Axios on HBO" on Monday that he wishes reining in the national debt was a higher priority for President Trump.

Why it matters: Trump pledged during the 2016 campaign to reduce the national debt and eliminate it entirely within eight years, though he also deemed himself "the king of debt" and said there were some priorities that required spending. In the fiscal year that ended in September, the deficit reached a record $3.1 trillion.

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