Growing Feeder Steers in Western Nebraska 



45 



and pasture bill settled when the spring value is set at $4.25 

 per 100 Ibs. In the fall of the second season Lot 1 would have 

 had to sell for 2 cents, Lot 4 for 4 cents, and Lot 5 for 10 cents 

 per 100 Ibs. above the spring price in order to have paid for 

 the summer expense. Aside from these the decrease that might 

 have been permitted in the fall selling price below the spring- 

 price of $4.25 varied from 25 cents with Lot 6 in the second fall 

 to 71 cents with Lot 2 in the first fall. The average decline that 

 might have been permitted on the value of all the steers in 

 Period 2 was 53 cents per 100 Ibs.; in Period 4, 16 cents per 

 100 Ibs.; and in Period 6, 42 cents per 100 Ibs., or the average 

 for all steers for the three periods 37 cents per 100 Ibs. That is, 

 taking the average of all the steers for the three summers, if the 

 purchase price in the spring were $4.25 per 100 Ibs. and they 

 were sold for 37 cents less per 100 Ibs., or $3.88 per 100 Ibs., in 

 the fall, they would have paid interest on the money invested 

 in them and the pasture bill. 



TABLE 34. Price per 100 Ibs. steers must sell for in the spring to 

 pay for winter feed and interest on investment with a fall 

 valuation of $3.75. 



(Compiled from Tables 24 to 31.) 



Table 34 shows the price that the steers of each lot would 

 necessarily have sold for each spring in order to have paid for 

 the feed eaten during the previous winter, charging the prices 

 indicated for forage on page and considering the steers worth 

 $3.75 per 100 Ibs. in the fall with interest on the investment. 

 Tf a steer in Lot 1 cost $3.75 per 100 Ibs. in the fall and sold for 



