This region has a semiarid climate, and for 50 years after its settlement, it supported a low-intensity agricultural economy of cattle ranching and wheat farming.
The buyers and sellers coming to these auctions represent the different stages of cattle ranching all of which are affected by a lack of competition in the industry.
But since 2010, the waters of Wuzhizhou have been attracting a more diverse and thriving sea life because of a type of marine conservation known as sea ranching.
Wyoming's economy is still dominated by the mining and ranching industries and similarly to Colorado has also enjoyed a growth in tourism for the spectacular scenery in outdoor recreation.