The alpaca was found Thursday night two days after it was reported missing. It had become wedged into a ravine near Fort Calhoun.
The alpaca's owner, Kay Ryschon, says the animal had no visible injuries but died early Friday.
She blames the alpaca's death on the stress of the situation, saying "They can't handle stress.'' The alpaca, named Summer, hadn't been fed or watered since it was reported missing.
Ryschon worried the alpaca was stolen and she remains suspicious. She told Newsradio 1110 KFAB on Thursday that it was unlikely Summer would have wondered away from the pasture she shares with about 30 other alpacas.