67 



114.00 a ton and the cake at $25.00 a ton. When cotton- 

 seed cake is valued at $25.00 a ton this test shows the cot- 

 tonseed to be worth $20.73 a ton for fattening catle on 

 pasture. Cottonseed had this disadvantage however: dur- 

 ing the latter part of the feeding period they were not rel- 

 ished as much as the cottonseed cake, and some trouble was 

 experienced in keeping the steers "on feed." There was no 

 trouble from scours when the seed were fed in the above 

 amounts. 



FINANCIAL RESULTS OF SUMMER FEEDING. 

 Although those cattle which received pasture alone made 

 cheaper gains than the ones which received some feeds 

 in addition to the pasture, it must not be inferred that the 

 grass cattle were the most profitable ones; the cost of the 

 gains alone does not determine the final profits. While it 

 is desirable to make the gains as cheaply as possible, still 

 the selling price of the cattle at the end of the feeding pe- 

 riod must also be taken into consideration before the final 

 profit can be determind. 



TABLE 9. Financial Statment. 



1908. 

 Lot A. Pasture alone: 



To 26 steers, 19031 Ibs. at $2.92 per cwt. $555.71 

 To pasture at 50c a month per steer . . 52 . 00 

 To freight, commission, feed and 

 yardage 94. 12 



Total expenditures $701 . 83 



By sale of 26 steers at $3.66 per cwt. $776.29 



Total profit on lot $74.46 



Profit per steer 2 . 86 



Lot B- Pasture plus cottonseed cake: 



To 26 steers, 19199 Ibs. at $2.92 per cwt. $560.61 



To pasture at 50c a month per steer . 52.00 

 To 9646 Ibs. of cottonseed cake at $25 . 00 



per ton 120 . 57 



To freight, commission, feed and yardage 94.12 



Total expenditures $827 . 30 



By sale of 26 steers, 24245 Ibs at $4.53 

 per cwt $1098 . 30 



Total profits on lot $271.00 



Profit per steer 10.42 



