745 



In the above summary corn is valued as follows: first month 

 51.7 cents, second month 51.7 cents, third month 57.1 cents, fourth 

 month 58.5 cents, fifth month 64.2 cents, last 10 days 71.2 cents per 

 bushel ; cottonseed meal is valued at $29.00 per ton ; oat straw $8.00 

 per ton ; and corn silage $4.00 per ton. When pork is considered, the 

 value of the corn fed the hogs is deducted from the value of the 

 pork actually produced before the value of the pork produced from 

 the droppings is added to the receipts from the cattle. 



It is noted that the rate and cost of gain in Lot 6 were greater 

 than in Lot 7. Therefore the necessary selling value must of neces- 

 sity have been higher. The short-fed cattle could have sold for 25 

 cents per cwt. less than the long-fed lot and paid for the cost of feed 

 and initial cost of cattle. The long-fed cattle sold for $8.25 per cwt. 

 and the short-fed lot at $8.10 per cwt. thereby returning a profit of 

 $18.83 an d $19.66 per steer respectively. When the pork produced 

 from the droppings is added to the receipts from the cattle, the long- 

 fed lot returned a profit of $24.54 per head while the short-fed lot 

 made $24.16. The cause of the exchange of positions in regard to 

 profit is due to the fact that during the first two months, little pork 

 was produced from the droppings in Lot 7. 



The results of this trial show the possibilities of the method em- 

 ployed in Lot 7. While the profit was practically the same in the 

 two lots, Lot 7 could have been carried thirty days longer without 

 having reached such a high condition that gains would have been 

 prohibitive. Within 30 days after this trial closed the market had 

 risen very appreciably, so that if Lot 7 had been held for a short 

 time as would often be the case when such a system of feeding is 

 followed, the profits would have been considerably larger than in 

 Lot 6. 



