It's worth noting that the correlation held for total red meat consumption along with considering just processed red meats and unprocessed red meat separately
There are certainly some limitations of this study but it does align with the growing body of evidence suggesting a potential link between any red meat consumption and type 2 diabetes
Found the answer on npr:
source
So basically 50% of the risk was lack of activity/obesity, with the other half variable risks from things like (possibly even primarily) red meat.