FATTENING LAMBS. 



13 



COST OF FEED, FIRST AND SECOND PERIODS. 



Lot 1 Lot 2 



250 lambs 251 lambs 



Cotton seed meal $ 76.95 $ 65.44 



Silage 84.44 132.59 



Cotton seed hulls 52.96 



Milo and feterita chops 58.05 



COST OF FEED, THIRD AND FOURTH PERIODS. 



Cotton seed meal $ 25.43 $ 20.07 



Silage 20.81 26.49 



Cotton seed hulls 12.45 



Milo and feterita chops 17.22 49.79 



WEIGHT RECORD. 



Weight of first shipment at feed lots day shipped 



( pounds ) 9,844 9,368 



Weight of first shipment after arrival Fort Worth 



(pounds) 8,520 8,320 



Shrinkage (per cent.) 13.4 11.2 



Weight of second shipment at feed lots day shipped 



(pounds) 9,367 9,366 



Weight of second shipment after arrival Fort Worth 



( pounds ) 8.230 8.230 



Shrinkage (per cent.) 12.1 12.1 



FINANCIAL STATEMENT. 



Initial cost of lambs $ 669.18 $ 677.24 



Cost of feed 290.25 352.43 



Labor in feeding lambs (estimated) 40.00 40.00 



Interest on purchase price of lambs, 90 days, at 8 per cent. 13.38 13.54 



Freight Coleman-Fort Worth (double-deck car) 44.00 44.00 



Selling commission 12.00 12.00 



Yardage ( 5 cents per head) 12.50 12.25 



Sales receipts first shipment Lot 1, 125 lambs, 8520 pounds. 



at $7.60 .$ 647.52 



Sales receipts first shipment Lot 2, 125 lambs, 8320 pounds, 



; ? -7.80 $ 648.96 



Sales receipts second shipment Lot 1, 125 lambs, 8230 



pounds, at $8.40 691.32 



Sales receipts second shipment Lot 2. 120 lambs, 8230 



pounds, at $8.60 ." 707.78 



Total sales receipts $1,338.84 $1,356.74 



Less initial cost of animals, feed, labor, interest, and ship- 

 ping expenses 1,081.31 1,151.46 



Profit per lot $ 257.53 $ 205.28 



Profit per lamb 1.03 .82* 



Per cent, profit on investment 38.4 30.3 



A summary of this experiment, as presented in Table III, shows that 

 the feeding test herein reported proved to be profitable. The two hun- 

 dred and fifty lambs in Lot 1 that were placed on feed at the inception of 

 the experiment were all marketed, not a single loss occurred during the 



Average profit per head an original number placed in Lot 2. 



