You're right, but meat will go up in price, and I think rich people aren't as stubborn when comes to sticking with class symbols that become unfashionable and stigmatized. I think high-quality meat will be like cigars, a former status symbol that a few eccentric people stick with for personal reasons but whose connection to opulence is stuck in the past.

With fashion turning against it and most people sticking to mass-produced food for economic resaons, there will be a huge decline over the next generation or two. People in rural areas will be able to raise their own animals, but it will be forced underground as a moral outrage like cockfighting is today.