Monte Walsh and Chet Rollins are long-time cowhands, working whatever ranch work comes their way, but "nothing they can't do from a horse." Their lives are divided between months on the range and the occasional trip into town. Monte has a long-term relationship with prostitute Martine Bernard, while Chet has fallen under the spell of the widow who owns the hardware store. Camaraderie and competition with the other cowboys fill their days, until one of the hands, Shorty Austin, loses his job and gets involved in rustling and killing. Then Monte and Chet find that their lives on the range are inexorably redirected.
Ranch hand Stubby Pringle journeys to a Christmas dance, hoping to find his true love, and learns a valuable lesson about the spirit of the holiday along the way.
Monte Walsh is an aging cowboy facing the ending days of the Wild West era. As barbed wire and railways steadily eliminate the need for the cowboy, Monte and his friends are left with fewer and fewer options. New work opportunities are available to them, but the freedom of the open prarie is what they long for. Eventually, they all must say goodbye to the lives they knew, and try to make a new start.
When Apache chief Nanchez is captured by the cavalry, his white squaw and infant son are returned to civilization by Sergeant Hook, but Nanchez escapes custody and attempts to re-claim his son.
Jeremy Rodock is a tough horse rancher who strings up rustlers soon as look at them. Fresh out of Pennsylvania, Steve Miller finds it hard to get used to Rodock's ways, although he takes an immediate shine to his Greek girl Jocasta.
Frustrated with the lack of opportunities in his hometown, young Jess Harker plans to leave, but sympathetic stagecoach armed guard Race Crim persuades his boss to give Jess the stage driver job.