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?
It probably varies by area. If a significant enough portion stops eating meat, it may drive down demand. That could drive down price, result in a one-time sale to lower old stock (if sudden) and then back to status quo, or have no impact at all (this more depends on the source and distribution network I think)