A) Would you eat meat or drink milk from a cloned cow?
Sure. Why not?
B) Is this morally right to do?
I don't subscribe to morals; ethically (which is what I DO subscribe to), I see no difference between consuming products of cloned vs. ordinary cows. If I wouldn't consume products from an ordinary cow, I wouldn't consume products from a cloned cow; and if I would, then I would.
C) Could this solve world hunger crisis once the technology improves allowing for cheaper cloned animals. (Right now a cloned cow goes for $17,500)
I'm not sure. I don't see any technical procedure that would permit a cow to gestate outside the womb of another cow, that would be more efficient than the other cow would be, nor do I have any reason to believe that any such technology is likely to come along anytime soon. So when we talk about this, what we're talking about is creating a zygote in the lab, and implanting it in a host cow for gestation. I don't see it as being any more or less expensive than just letting the bull at the cow; the one advantage is, you've got a pretty clear idea what you're getting, rather than having to deal with possible random recombination that might yield a non-optimum cow.
If a non-optimum cow is a significant risk to you, then it's probably worth doing, but otherwise, it's about six of one and a half-dozen of the other as far as I can see.
I can't see it solving world hunger.
C) Yes if it becomes cheap enough and is proven to be safe.
How could it not be safe? I hope you don't think you could look at a cow and tell if it was cloned; as a matter of fact, you couldn't even perform any chemical test that would tell you so. The ONLY way to determine it was a clone would be a detailed genetic analysis, something we currently only barely have the capability to do, and something that has taken months or years for each individual we've undertaken it on so far.
So cloned cows' safety as meat or milk sources is equal to that of non-cloned cows. If you don't think so, I'd like to know what sort of risks you think might manifest themselves.
I don't get all this terror over cloning. People don't seem to understand that the main problems with cloning are ethical, and they don't really apply unless you're cloning creatures, like humans, that are commonly awarded rights, and are capable of intelligent autonomous behavior. You could clone a cat, then raise the kitten in the presence of the one you cloned, and neither would ever question or notice that they seemed identical. Cats are capable of self-awareness, but not capable of noticing such details. I'd have no hesitation cloning both of mine if I could, and would love the clones just as much as the originals. They'd never know the difference. The originals would be just as jealous of their clones as of any other cats brought into the house; they wouldn't know the difference either. It's only when you start talking about cloning humans that you get into such ethical dilemmas.
There would be problems with cloning wild animals and releasing them into the wild; these have to do with the necessary genetic diversity to permit their species to survive. With cattle, this is not an issue. With other species, it might be. With plants that seed in such a way that the seed might escape into the wild, it's very much an issue.