318 EXPERUIENTAL FARMS 



5 GEORGE v.. A. 1915 



The foregoing steers were bought at an average price of 6^ cents per pound, 6^ 

 iMits for the three-year-olds and G cents for the two-year-olds. The highest selling 

 price was 7i cents per pound given for groups 3 and 4, with $7.35 per cwt. for t]i(> 

 outside lot, and $7.25 for tliose inside fed similarly to those outside. 



A study of the results of this experiment will show that, though only a fair profit 

 was made, yet considerable information was gained. At the outset it was the- intention 

 fo carry on a "short" feeding-period, but when this period was expired (-three montlis) 

 markets were low. At that time the steers showed a very satisfactory profit, while the - 

 ultimate results were not so good. The reason is obvious. The steers were kept two « 

 months awaiting a reasonably high market, but during the last month they held their 

 own only. This experience proves the point that unless markets arc favourable, the 

 feeder has difficulty to make money in this business. Our results show that the steers, 

 generally speaking, fed fairly well but the margin between the buying and selling 

 price was too narrow. 



Another fact well worthy of notice is that the steers fed the clioieebL raiio^is 

 brought the highest price. 



Indian Head. 



