FATTENING RANGE LAMBS. 



A somewhat lower profit is shown from lot 4 than trom lot 1 on 

 account of the lamb from this lot having- died. 



Although, as we have seen in table 4, lot 1 made lower gains 

 than did either lot 2 or 3, yet when marketed lot 1 yielded a greater 

 profit, due to the cheaper ration fed this lot, together with a lower 

 shrinkage from shipping. 



The reader is cautioned not to regard this financial statement 

 as applying to any conditions that are not very similar to the ones 

 under which this experiment was conducted. Table 6, showing the 

 amount of feed consumed per hundred pounds gain, and Table 15, 

 showing the price at which lambs from lot 1 would have to sell at home 

 in order to pay for original cost of lambs and feed consumed, at 

 different prices of both feed and lambs, are worthy of more study 

 and consideration than is the financial statement, which applies only 

 to the market conditions under which this experiment was conducted. 



INFLUENCE OF VARYING MARKED CONDITIONS. 



While a financial statement of the feeding experiment is given 

 in detail on page 84, it is not expected that the data there pre- 

 sented will be of much practical value to feeders, on account of the 

 improbability of identical market conditions for feeder lamb? and 

 feed existing again. The financial statement of this particular 

 experiment, then, while of interest as a matter of pure curiosity, is 

 of little importance in a discussion of the business of feeding range 

 lambs. A study of the data in regard to the amount of food 

 required to produce one pound of gain, and a consideration of the 

 existing market prices of feeder lambs and of feeds to be used 

 should be of much practical value to feeders. Table 15, dealing 

 only with lot 1 and calculated on the basis of the figures given in 

 table 5 for food consumed and gains produced by this lot, is of very 

 much more actual value to the sheep feeder than is the financial 

 statement previously mentioned. 



It should be understood at the outset that the figures presented 

 in Table 15 are not applicable to all conditions they are derived 

 from the actual results obtained in this experimrrt from lot 1, fed 

 a grain ration of corn alone, the roughage consisting of mixed hav 

 made up of clover, alfalfa, and bluegrass. Although the figures on 

 food consumed and gains produced apply strictly only to the 

 particular instance mentioned, yet they serve a very useful purpose, 

 since many feeders use rations which approximate the one used in 

 this case. 



The table shows, in heavy faced type, prices at which the lambs 

 in lot 1 would have had to sell at home to pay for the original cost 

 of the lambs and the feed coi.sumcd during the experiment, with 



