Beyond Meat down 6% in afternoon trading

Archer Daniels (ADM) stated while presenting at the Barclays conference that “on the plant based side of things, we continue to see destocking along with a slower rate of demand for plant based. And that’s not all plant based. It’s primarily plant based meat category,” according to a transcript of the event. Shares of Beyond Meat (BYND) are down 6% to $11.08 in afternoon trading amid the commentary.