108 



Although the results given in Bulletin No. 192 cannot 

 be compared completely with the results of this ex- 

 periment, as the cattle were different in quality and the 

 beans were fed dry in the pod, the results will be of in- 

 terest. In the test of the winter of 1915-16 one pound of 

 cottonseed meal took the place of two and one-half 

 pounds of velvet beans in the pod. The cost per 100 

 pounds of gain was practically equal when cottonseed 

 meal cost -fSS.OO per ton and unhulled velvet beans 

 $18,00 per ton. In feeding velvet beans in pods with 

 silage it was then found that it was not necessary to 

 grind the beans. The gains made by the steers were sat- 

 isfactory. Lot 6 (cottonseed meal) gained an average 

 of 1.6 pounds per day; Lot 7 (velvet beans) gained an 

 average of 1.5 pounds per day. 



Financial Statement 



The statement for the feeding test is based on the 

 prices the steers actually cost and the local prices for 

 feeds. Steers of the same age and quality, fed under 

 similar conditions, should return the same profits on 

 the same rations. Prices of steers and of feeds vary 

 from year to year, so the feeder must make corrections 

 in his estimate for feeding operations on the basis of 

 Tocal prices. 



Lot I. — Velvet Beans and Corn Silage : 



To 15 steers, 11,601 lbs. at Gc $ 696.06 



To 19,130 lbs. velvet beans at 



$20.00 per ton 191.30 



To 49,484 lbs. corn silage at $3.00 per ton, 74.22 

 To freight, yardage and commission 49.65 



TOTAL EXPENSE $1011.23 



By sale 15 steers, 13,390 lbs. 



at $9.75 per cwt. 1305.52 



TOTAL PROFIT 294.29 



PROFIT PER STEER 19.62 



Lot II. — Cottonseed Meal and Corn Silage 



To 15 steers at 6c per lb. $ 699.96 



To 9,120 lbs. cottonseed meal at 



$38.00 per ton 173.28 



To 76,795 lbs. corn silage at $3.00 per ton, 115,19 

 To freight, yardage and commission 49.65 



TOTAL EXPENSE $1038.08 



By sale 15 steers, 13,660 lbs. 



at $9.40 per cwt 1284.04 



TOTAL PROFIT 245.96 



PROFIT PER STEER 16.39 



