I have only seen this in dogs, goats and deer fawns. In the animals I saw, the skin became red and blistered near the joints when the joint area became very hot. The hair fell out and then after several days, the blistered area looked very much like the hairless areas on your calf. The animals on which this condition occurred, appeared to have a severe reaction to something, either in the air or something they ate. I gave them a combination of electrolytes to help their systems get rid of whatever they had been exposed to. They all recovered and their hair grew back. Your calf appears to not be properly metabolizing the food it gets as like TCRanch says, it appears to be quite thin. Whatever causes the inflammation of the joints, blistering and hair loss often adversely affects ability to digest food.