The merino sheep and the Morgan horse (a breed developed in Vermont) were common sights on pastures more than a century ago, but today they have been for the most part replaced by dairy cattle. In 2001, Vermont dairy farms had around 153,000 milk cows that produced 2.67 billion lb (1.2 billion kg) of milk. In 2003, the state had an estimated 280,000 cattle and calves, valued at $299.6 million.