What do falling plant-based meat prices mean for beef?

This blog post by Saloni Shah and Dan Blaustein-Rejto of US-based think-tank The Breakthrough Institute argues that decreases in the price of plant-based meat alternatives by 10% will likely only have a small impact on cattle production (a 0.15% decrease in the US) and emissions from global cattle production (equivalent to a decrease of 1.4% in US beef production). They conclude that while continuing to improve plant-based meat alternatives is important in order for them to gain a larger market share, it is also important to work on methods and technologies to reduce the environmental impacts of livestock production.