Yeah, I'm not sure whether to place wild animals wounding prey and using them to teach their young to hunt as worse it better, but if you are going to eat meat then I don't think there's many more ethical ways to do it than have them live a good life up until seconds before they die, then make killing them as fast as possible.
In a lot of places hunting is good for the environment too, not only because the fees from licences generally goes to wildlife management, but also humans have killed a bunch of their predators and so there'd be even more damage to the ecosystem if you don't introduce another predator to manage numbers (although it would be preferable to not let it get to that stage at all, it's too late in a lot of Europe and I believe other places too)