With a traditional grazing system he's right. You don't need any fertilizers, cows will just eat grass. Of course you can't feed billions of people with it nor you will be able to eat meat every day.
But even if you are carbon neutral over time, the methane released will still have a negative effect as it trap more energy than CO2.
https://www.nzagrc.org.nz/faq-1,listing,464,how-do-livestock...