No. 12. Mixed lot of "scrub" steers. Too many of this kind are produced 

 in Indiana. They always insure loss to the producer and frequently 

 to the feeder. 



Original weight 

 Original cost 

 Increase in feed lot 

 Cost of increase 

 Final weight of steer 

 Total cost of finished 



steer 



Selling price per cwt. 

 Increase in value neces- 

 sary to feed without 

 profit or loss 



Scrub Steer 



1,000 Ibs. 



$40.00 



400 Ibs. 



$30.00 



1,400 Ibs. 



$70.00 

 $5.00 



$1.00 



High Grade Steer 



1,000 Ibs. 



$50.00 



400 Ibs. 



$30.00 



1,400 Ibs. 



$80.00 



$ .71 



In this instance the margin between buying and selling price 

 has to be $1.00 per hundred on the scrub as compared with 71 

 cents on the high grade steer. To illustrate this point more fully, 

 if it cost $7.50 per hundred to put gains on each steer, the difference 

 between the original cost and the cost of increase per hundred 

 pounds live weight on the scrub steer would be $3.50 while on the 



