Yes, that is exactly what it looks like. Scientists in Argentina—one of the world’s leading producers of beef—are studying bovine flatulence as part of that nation’s effort to combat global warming. According to Rupert Neate, for the Telegraph:
The Argentine researchers discovered methane from cows accounts for more than 30 per cent of the country’s total greenhouse emissions ....
.... Guillermo Berra, a researcher at the National Institute of Agricultural Technology, said every cow produces between 800 to 1,000 litres of emissions every day.