This has always been my thought as well, and I have never gotten a good explanation as to why it's wrong. If anyone has one I would love to hear it.
The areas we devote to cattle raising are increasing (often at the cost of carbon fixing native flora). So the amount of free methane and carbon are on the rise just by nature of human expansion.
I'm not sure that is the whole story, but I always found that explanation helpful for questions like, "Why can't we switch to using charcoal based local power if its carbon neutral?"