for a price sutiicient to pay for the feed consumed. In all other 

 lots there was some income from hogs following the cattle. 



The cattle were sold each year to a local packing house in 

 Altoona, Penna. Their valuation, made by a Pittsburgh commis- 

 sion merchant, less the estimated marketing cost, was used to 

 determine the profits after the feed consumed was paid for. 



In 1913-14 and 1914-15, a loss per steer occurred in all lots 

 when pork was not included. This loss ranged from $1.02 per 

 steer in Lot II to S7.34 in Lot I. In 1913-14, considering the 

 returns from pork, the loss in Lot I was $6.24, while in Lot II 

 there was a profit of 51 cents per steer for the same period. In 

 1914-15, the loss, not including pork, ranged from SI. 70 in Lot II 

 to S9.41 in Lot 1 ; after allowing for the pork produced, a profit of 

 SI. 00 occurred in Lot .II and a loss of $8.02 in Lot I. 



These figures show imt only the importance of hogs in the 

 fcedlot. especiallv when whole grain is fed to the cattle, but also 

 of keeping the feed cost of the cattle down. In 1915-16 there \vas 

 a net profit on all lots, after allowing for cost of feed consumed. 

 This profit ranged from { )2 cent- per steer in Lot I to SI 5. 47 per 

 - ( T in Loi \ 1 . 



