I'm not a "working" cowboy, but I play one when I'm not at my day job. For nearly 50 years, my family has owned quarter horses for pleasure and trail riding. It's our primary hobby. Horse owners, like me, might not make their living as a cowboy, but anyone who owns horses knows they come with plenty of work - either around the barn or maintaining your property. The "cowboys" we ride with carry anything from a stockman to a Leatherman to a small fixed blade to nothing at all. Some only carry a small folding hand saw to cut low hanging branches on the trail. Cowboys are like anyone else - some are into knives and some are not.
Needless to say, I love knives and these are my two favorites when I play cowboy and like I said, I've been playing cowboy a long time. Guess I've never grown up.
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A cowboy without a knife is like a carpenter showing up at the job site with no hammer. Any cowboy who worked for me and didn't have a knife on him (I would hire only men) every day would be fired.