How did the development of barbed wire in the 1870s change the cattle ranching industry?

The development of barbed wire in the 1870s changed the cattle ranching industry by allowing the cattle ranching owners that have large ranches to enclose their own territory in which allowed them from eliminating the possible competition in regards of the resources. It is because the barbed wire in the 1870s serves as an important tool that ranchers could use as a way of protecting their animals in the barn from predators capable of killing their animals and from also preventing other people from trespassing without their permission.