74 



Lot 1 : — Cottonseed meal, cottonseed hulls, corn silage: 

 To 20 steers 16220 lbs. at 31/4 cents a pound. . . .$527.15 

 To 10290 lbs. cottonseed meal at $26 a ton .... 133.77 



To 30768 lbs. cottonseed hulls at $7 a ton 107.69 



To 23554 lbs. corn silage at $2.50 a ton 29.44 



798.05 

 By sale of 20 steers, 18658 lbs. at $5.10 per cwt 951.60 



Total profit $153.61 



Profit per steer 7.68 



Lot 2: — Cottonseed meal, cottonseed hulls. Johnson-grass 

 hay ; 



To 20 steers, 16400 pounds, at 3^^ cs. a pound $533.00 

 To 10290 lbs. cottonseed meal at $26 a ton . . 133.77 

 To 24026 lbs. cottonseed hulls at $7 a ton .... 84.09 

 To 14185 lbs. Johnson-grass hay at $11 a ton 78.02 



828.88 

 By sale of 20 steers, 18411 lbs. at $5.10 per cwt. 938.96 



Total profit $110.08 



Profit per steer 5.50 



Lot 3: — Cottonseed meal, cottonseed hulls: 



To 20 steers, 17020 lbs. at 31/4 cts. a pound . . . .$552.15 

 To 10290 lbs. cottonseed meal at $26 a ton . . 133.77 

 To 44755 lbs. cotton seed hulls at $7.00 a ton 159.00 



845.01 

 By sale of 20 steers, 19303 lbs. at $5.10 per cwt 984.45 



Total profit $139.4i- 



Profit per steer 6.97 



The above financial statement shows that all of iiio 

 lots of steers were fed at a profit. The outcome was sat- 

 isfactory. The greatest profit was made in Lot 1, where 

 silage was used. The smallest profit was made in Lot 

 2, where Johnson-grass hay was fed. The cattle in Lots 

 1 and 3 sold at the same price and made practically the 



