30 The Bulletin 



in the herds throughout the year. Their average yield was 165.12 

 pounds of butter-fat. The average total value of products per cow was 

 $61.96. The average annual cost of food per cow was $42.11. The 

 average cost to make each pound of butter-fat was $0.25. The average 

 annual profit per cow was $19.85. 



According to these results the large producers yielded butter-fat at 

 an average expense of eight cents a pound less than did the low pro- 

 ducers. It should also be noted that the high producing cows returned 

 an average profit of $68.71 each, while each of the low producing ani- 

 mals can be credited with a yearly profit of only $19.85. If it were 

 not for the fact that dairy products sell for an abnormally high price 

 in the South the great majority of our dairy cows would be kept at a 

 large financial loss. 



