I’ve been thinking about that a bit.
If such farm fluffies are being butchered, I think the practice would be to raise a specific steer type thats usually a castrated male, as opposed to the breeder bulls and dams (with some dams being used for milking) Also, I think such fluffy steers would be free-range and lead happy lives.
As for raising foals to be pets, I’ve been thinking the process may be more organic - perhaps selling them as adults, or telling them that they’re going on adventure (which is kind of true)
I should write more about this - I wrote about fluffalo sort of accepting their existence as “meat animals” in Policefluffs 2 (but they started a riot when they heard about veal)