58 



In the above summary the prices of feeds are given as they oc- 

 curred during the progress of the experiment. Corn varied in price 

 from 36.1 to 39.3 cents per bushel; cottonseed meal' was $30.00 per 

 ton ; clover hay $10.00 per ton ; corn silage $3.00 per ton. With an 

 initial value of $5.00 per cwt. in the feed lot and feed at the above 

 mentioned prices it would have been necessary for Lot 4 to sell for 

 $5.91 per cwt. and Lot 7 for $5.80 per cwt. in the feed lot in order 

 to pay for the cattle and feed. In other words, a margin of n cents 

 more was required for the long-fed than for the short-fed lot. 

 There was a difference in selling value between the two lots, how- 

 ever, of 25 cents per cwt. in favor of Lot 4, which reduced a 

 loss of $2.86 per steer with the short-fed lot to 86 cents per steer 

 in the full fed lot. 



When pork is considered, there was a profit of $3.04 per steer 

 in the long-fed lot and of 71 cents per steer in the short-fed lot. It 

 must be remembered, however, that the amount of pork produced 

 can be greatly influenced by the addition of a small amount of grain 

 and by the condition of the yards. The hogs in Lot 4 received no 

 extra grain after being placed in the lot with the steers. Those in 

 Lot 7, however, received 1387 pounds of shelled corn, all of which 

 was fed before the cattle were placed on grain ration. There were 

 eight hogs in Lot 4 and seven in Lot 7 until March 8, after which 

 time both lots contained eight hogs. The value of the corn fed the 

 hogs in Lot 7, 37.4 cents per bushel, is deducted from the value 

 of pork actually produced in the lot before the value of the pork 

 produced from the droppings, is accredited to the receipts from the 

 cattle. 



