Every addition of a new consumer in a food chain brings with it a high rate of energy loss. The cow will need to use its energy to live, only a small portion of the energy is left in the steak you eat. 75% is a good approximation.
In general, the shorter the food chain, the more efficient it is. This is a universally known fact.
I will drop some helpful links for you if you doubt this:
The figure given is 77% of agricultural land is used for livestock