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Roughly 60% of all mammals are raised for food globally and over 85% of the world eats or seeks a diet consisting of animal meat and a larger percent for animal based foods. Assuming this investment produces healthier animals that do not require antibiotics or other mass livestock farming practices that negatively impact humans, the investment is a net positive long-term. Healthier food could lead to a healthier society which improves economies in various ways.
The question is too vague to agree with to the nth degree. However, global health is heavily funded, more than animal welfare for sure, and global health would dilute any any net positive impact the investment would have due to the sheer cost per person and general short lived outcome (e.g., x-ray machine will break, medicine effectiveness will dwindle, medical needs will change overtime by community)