607 



The results of this work justify the following conclusions: 



1. The initial cost per hundred of calves is greater than that 

 of older cattle. 



2. The length of time necessary for finishing steers decreases 

 with the increased age of cattle. 



3. The rate of gain and the cost of gain increase with the 

 increased age of the cattle. 



4. The proportion of roughage to concentrates consumed in- 

 creases with the increased age of the cattle. 



5. The amount of gain necessary in finishing cattle of equal 

 condition decreases as their age increases. 



6. The difference in total quantity of feed necessary for finish- 

 ing cattle of different ages and fed to the same marketable finish is 

 negligible. 



7. The average margin required between buying and selling 

 prices to prevent loss was $1.60 per hundred on calves, $1.71 on 

 yearlings and $1.55 on two-year-olds; the margins secured on a 

 stationary market were $2.02 on calves, $2.22 on yearlings and $2.09 

 on two-year-olds, resulting in a profit of 42 cents per hundred on 

 calves, 51 cents on yearlings and 54 cents on two-year-olds. 



8. The increase in live weight necessary to make calves prime 

 was 103 per cent. ; yearlings, 54 per cent, and two-year-olds, 43.6 per 

 cent, of their initial weights at the beginning of the feeding period. 



9. At an uniform price for feeds the difference in cost of gains 

 between calves and yearlings was $1.35; between yearlings and two- 

 year-olds, 28 cents per hundred pounds. 



10. The experienced farmer who feeds cattle should handle 

 older cattle in preference to calves ; while the farmer who produces 

 and finishes his own cattle may find calves more preferable. 



