46 



Lot 3. Range plus cottonseed: 



To 706 lbs. steer at $2 . 56 per hundred wt. $18 . 08 

 To 462 lbs. cottonseed at $14.00 per ton . 3.23 

 By value steer in spring, 666 lbs. at $3.01 



per hundredweight 



By required increase in value over range 

 steer to breaK even, 19c per hundred- 

 weight 



$20.05 



1.26 



$21.31- 

 Lot 4. Range plus cheap hay: 



To 703 lbs. steer at $2.56 per hundred wt. $18.00 

 To 826 lbs. waste hay at $5.00 per ton . . 2.06 

 By value steer in spring, 649 lbs, at $3.01 



per hundredweight 



By required increase in value over range 

 steer to break even, 8c per hundred- 

 weight , 



-$21.31 



$19.53 



.53 



$20.06— $20.06 



Lot 4. — End of winter 1909. t eed, coarse hay plus range. Total 

 winter gain of each steer, — 40 pounds. Total cost of 

 wintering each steer, $2.06. 



The total cost to winter each steer in 1907-'08 was $4.70 

 and $3.57 in Lots 2 and 3 respectively. The range has no 

 price placed upon it, although the results show that it has 

 a very great value. The total cost to winter each steer in 

 1908-'09 was |5.63, $3.23 and $2.06 in Lots 2. 3 and 4 respec- 

 tively. 



After the cost of wintering the cattle and the winter 

 shrinkage were added to the fall buying price the spring 

 cost was obtained. The spring costs in Lots 1, 2, and 3 in 



