So, a set of consequences of Trump’s tariffs:
1. US meat is sitting at ports in freezers piling up.
2. Farmers aren’t getting paid, so the USDA may borrow from the Treasury - up to $30B - to pay them.
3. Some meat production companies may move out of the country.
4. Because demand is down, farmers will reduce livestock production. This means less need for soybeans and corn, which will put further downward pressure on the price of those.

In the short run, that meat may be sold in the US, which could drive prices of meat down below the cost of production, meaning farmers would be losing money anyway, though not as much.

Edited: meat not meet.