My intial assumption was that fewer people eating meat means lower prices because of a larger supply for lower demand. But of course it might mean fewers ranchers and companies investing in livestock in the first place because fewer expect to make a profit on it. What’s the market analysis say to anyone familiar with it?
I’m the US at least, animal agriculture is heavily subsidized, so consumers don’t see what it actually costs. Supply/demand economics everyone learned in school rarely applies amidst the chicanery rampant everywhere.
I came to say something similar. It’s been heavily subsidized for a very long time too. Like, near a hundred years long time.