743 



It is noted that considering the trial as a whole, the withholding 

 of corn effected a large saving in grain requirements but that it in- 

 creased the roughage eaten per pound gain. When the last one hun- 

 dred days only are considered in Lot 7, the long- fed steers made a 

 cheaper gain for one hundred and sixty days feeding than did the 

 short-fed lot during the one hundred days they were on feed. When 

 the last one hundred days only are considered in both lots, the short- 

 fed cattle made cheaper gain. This was due probably to the fact 

 that they were in thinner condition at that time, which is conducive 

 to cheaper gain. 



FINISH. The value of the cattle in the lots as fixed by a com- 

 mittee of commission men is shown in Table XIV. 



TABLE; XIV. Showing Selling Value of Long and Short-fed Cattle, 



Winter 1911-12 



These valuations for cattle are 40 cents per cwt. less than Chicago prices 



Table XIV shows that the cattle fed grain the last 100 days only, 

 sold within 15 cents per cwt. of those fed 160 days. It also shows 

 that the improvement in Lot 7 nearly all occurred during the last 

 70 days. A margin of $1.75 per cwt. was secured in Lot 6 and $2.00 

 per cwt. in Lot 7 during the last 70 days. This large margin was due 

 to some extent to the raise in the market and not entirely to finish of 

 the cattle. Had both lots of cattle been sold at the end of 90 days 

 on feed, Lot 6 would have returned a profit of $4.06 per head and 

 Lot 7 $2.80 per head. The last 70 days of feeding resulted in a 

 profit of $14.77 P er head in Lot 6 and $16.86 per head in Lot 7. 



SUMMARY. Table XV gives a complete summary of the feeding 

 trial. 



