If it's a male calf, it's almost always castrated and raised for meat (there's no difference in the "distribution of meat" on a dairy cow, simply that others ar

If it's a male calf, it's almost always castrated and raised for meat (there's no difference in the "distribution of meat" on a dairy cow, simply that others are bred to make more), if it's a female it's normally raised to put into the milking herd. The cows that become too old to milk effectively are sold for slaughter as well, the new females are their replacements.