Just saw this thread, and I've been reading some news clips lately about the wolves.
In the past my family has had livestock, cattle and goats mostly. Where we lived there were no wolves, but lots of coyotes. I don't mind having 'yotes around at all, unless I catch one messin' with my animals. Especially a newborn calf. I figure wolves are the same.
If I were in one of the areas where the wolves have been re-introduced, and I had livestock, there are certain steps I'd take depending on the situation.
If I saw a wolf anywhere near my herd during calving time I'd drop it in a heartbeat. If I was out with my dog, anywhere, and a wolf or wolves were threatening it, I'd shoot to kill. And then I'd leave that wolf right there for the others to see.
Now if I only had mature cattle and no smaller animals like goats, I would probably fire some shots right in front of it to give it a message. The only problem there is they don't seem to get the message. At least not 'yotes. They just keep coming back. I imagine wolves might be even bolder.
I'm no expert on the subject by any means. These are just my thoughts on the subject. But I would definitely do whatever is neccessary to protect my animals.
One more thing. Even though I don't mind having the 'yotes around, they're one of my favorite critters to hunt.