Some people, including me, hold the position where they have no problem whatever with the idea of killing animals in order to eat them, but at the same time would like those animals to be treated well when alive and killed in the best way possible.
I'm in agreement with you, with the caveat that the level of meat consumption far exceeds what the planet can cope with - but that's not the point I wish to make. We should treat animals we use to our benefit with respect and compassion.
I think most people would like for livestock to be treated with due respect, but that's rarely the case. There's seems to be a big disconnect between what most people think is a decent level of welfare for an animal and what they eat.
For example did you buy a chicken sandwich for lunch? Perhaps eat a cake? Did you give a second thought to how that food ended up in your stomach? Did it even cross your mind to find out the origin of the animal? Does your laudable ambition for well treated animals result in any modifications to your own behaviour?
Which brings us in a roundabout way to fox hunting. It's very easy to be enraged by fox hunting. It's something that other people do. In fact as fox hunting is typically done by the well off, an out group, it's enjoyable to be enraged by the activity.
How dare other people take part in an activity which so obviously involves so much unnecessary cruelty...
Fox hunting should probably remain banned, but perhaps it's useful to have this unnecessary cruelty out in the open? To repeat a point I have already made, anyone who's ever hunted would probably have more respect and compassion to their prey than most people show towards their lunch.
Foxes, even those hunted and killed, have probably had a better life, and maybe even a more respectful death than most of the meat that's in our food chain.