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Consumer Corner: Cattle Rustling

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CONSUMER CORNER (CBS/CNN) - California state leaders are concerned about cattle rustling. That's when criminals steal cattle from ranchers and sell them for money.

Rustlers, can get up to $1,500 per head of cattle, causing ranchers to lose tens of thousands dollars per year.

They try to protect their beef with branding, but rustlers target new born calves before they're marked and take them to auction.

"Cattle rustling is something people think happened only in the Old West." says Justin Oldfield with the California Cattlesman Association

Experts say this is a nationwide trend. Last year 10,400 cattle were reported stolen or missing. But, that number is up 36% from 2010.

***

Apple is reporting a mixed bag of financial news.

The company sold nearly 34 million iPhones and more than 14 million iPads from July through September. That was more than expected, but experts say consumers are increasingly interested in a mix of older and less-expensive apple products, which weigh on the company's profit.

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Demand for luxury goods is starting to slow. Sales of luxury items including jewelry, leather handbags and fur coats is expected to rise just 2% from last year.

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