FATTENING RANGE LAMBS. 



Cost of 93.25-pound fat lamb $5 51 



Selling- price per hundredweight necessary to pay for feeder lamb and food 



consumed ^ 60^ 



Decrease of value per hundredweight which could occur without causing 



loss ... -392 



A study of the figures in relation to the factors upon which 

 they are based will show clearly that neither the price of feeder 

 lambs, nor the price of feeds can control completely the profitable- 

 ness of feeding" operations. 



The first horizontal row of heavy faced figures shows the 

 different prices .t which fat lambs bought as feeders at $3.00 per 

 hundredweight would need to sell on account of the different prices 

 of feeds. It is seen when feeder lambs cost $3.00 per hundred- 

 weight, hay $6.00 per ton and corn 45c per bushel, the lambs when 

 fattened would need to sell for $3.546 per hundredweight at home. 

 With hay at $9.00 per ton and corn at 45c per bushel, the fat lambs 

 would need to bring $3.783 per hundredweight at home; with hay at 

 $12.00 and corn at 45c per bushel they would need to sell for $4.02 

 per hundredweight and so on. It is a well known fact that the 

 higher priced feeds necessitate a higher selling price for the 

 finished lambs; the table shows, how r ever, that a 33 YI percent 

 increase in the price of corn will necessitate a higher selling price 

 than will a 33/^ percent increase in the price of hay, on 

 account of the total value of the corn fed being greater than the 

 total value of hay fed. 



The first column of figures in heavy faced type shows the home 

 prices per hundredweight for which the lambs in lot 1 would have 

 had to sell, with hay at $6.00 per ton, corn at 45c per bushel and 

 feeder lambs at prices ranging from $3. CO to $7.50 per hundred- 

 weight. It will be observed that the cheap feeder lambs must sell 

 for an advance in price per hundredweight greater than is necessary 

 with feeder lambs at a higher price. For instance, with feeder lambs 

 worth $3.00 per hundredweight, hay at $6.00 pei ton, and corn 45c 

 per bushel, fat lambs must sell for $3.546 per hundredweight at 

 home in order to pay for original cost of feeder lambs and the food 

 consumed during fattening; the home selling price necessary to 

 ''pay out" with $3.50 feeder lambs and feeds at the same price as 

 before is $3.89 per hundredweight; w r ith feeder lambs at $4.00 per 

 hundredweight, $4.234 per hundredweight must be realized at home; 

 with feeder lambs at $4.50 per hundredweight the finished lambs 

 must bring S4.577 per hundredweight, and with feeder lambs at 

 $5.00 per hundredweight they may be sold when fat for $4.921 per 

 hundredweight without loss; in other words, they may be sold for 

 less per pound when fat than thev cost per pound as feeders. 



