

44 



so as a matter of fact, the grasses put up early and the 

 range cattle had some green feed during the last month in 

 addition to the range. i 



As stated elsewhere, all of these cattle came through to 

 spring in good grazing condition; they were strong and 

 active, although the steers in the range lots (Lot 1) had 

 fallen off in live weight about 100 pounds each. 



LOR 3. End of winter 1909. Feed, cottonseed plus range. Total 

 winter gain of each steer, 40 pounds. Total cost of 

 wintering each steer, $3.23. 



FINANCIAL STATEMENT FOR WINTER WORK. 



In the fall of 1907 the steers cost $2.50 per hundred 

 weight, but the next fall, 1908, feeders had advanced some 

 in price, making the fall price average $2.56 per hundred 

 weight. The following spring cost was of course consider- 

 ably greater than the fall price for two reasons. First, 

 the cattle were not as heavy as they were the previous fall, 

 and second, the cost of the winter feed had to be added to 

 the fall price. The fall cost, plus the depreciation in live 

 weight, plus the cost of winter feed made the steers cost 

 around $3.00 per hundredweight in the spring. The follow- 

 ing table, No. 4, shows the spring cost by lots. The average 

 of these spring costs was taken as the initial cost of the 

 steers in the summer feeding work which followed. The 

 average cost of wintering each steer in the various lots, 



