A field grazing experiment was conducted in Jingtai County, Gansu Province, China, from 2003 to 2010. The grazing intensity treatments included light grazing (LG, 0.45 sheep unit/ha), moderate grazing (MG, 0.75 sheep unit/ha), heavy grazing (HG, 1.50 sheep unit/ha), and no grazing (NG). Soil physical, chemical, and biological properties were measured. The results showed that, with increasing grazing intensities, the concentrations of total nitrogen, available nitrogen, organic matter, available phosphorus, available potassium, urease, catalase, and alkaline phosphatase in the soil decreased significantly with LG being mostly the greatest (P < 0.05). Soil bulk density for HG and NG was greater than that for LG and MG (P < 0.05). The concentrations of copper, manganese, and zinc were lower than their critical levels for plant growth, whereas iron was greater than its critical level. Correlation and principal component analyses revealed that soil trace elements were the secondary principal component compared with the primary elements, i.e., soil moisture, bulk density, etc.