Condition of 



the Fat Cattle 



Market. 



there is a greater tendency to buy stockers to consume roughage 

 and feeders to consume the grain. 



If there is a wide outlet for beef and a small supply, 

 causing fat cattle to sell at high prices, many are en- 

 couraged to feed cattle who would otherwise not do 

 so. Experienced cattle feeders consider that there 

 should be an increase of from 20 to 30 cents per hun- 

 dred per month on cattle while fattening, in order to insure a profit. 

 When fat cattle are selling from $6.50 to $7.50 per hundred, feed- 

 ers should apparently be worth $1.00 more per hundred than if the 

 fat cattle mairket is on a basis of $5.50 to $6.50. As a general rule 

 however, it may be said that the experienced cattle feeder who is in 

 business continuously from one year to another, is disposed to 

 avoid buying feeders when fat cattle are selling at extremely high 

 prices. He also avoids buying feeders during periods of high prices 

 and prefers to wait until an opportune time which occurs every 

 year, when they sell at normal prices. Too frequently the beginner 

 starts in the business when prices are inflated and is compelled to 

 market his cattle when a reaction has taken place. 



No. 11b. First prize and champion "Short-fed Special" cattle shown by 

 Purdue Experiment Station at "International" 1907. 





