There is absolutely no shortage of soybeans, corn or other grains. The problem is in the other direction - with trump's trade wars, grain prices were already so low that farmers are having a hard time surviving, and now they're really falling.It’s really just the opposite. If the livestock industry comes to a halt, it will free up millions of tons of soybeans and grain that are being inefficiently used to raise livestock.
Agriculture is being significantly impacted. As producers go out of business there will indeed be shortages, and then prices will rise, but a lot of people will suffer in the meantime. Agriculture production doesn't turn on a dime; it just can't.