289 



prices paid for feeding stock and the value of fat cattle also enter into the 

 problem and have the effect of making it variable. 



The following facts are given, however, which show the results 

 actually obtained in this test and with a substitution 'of values prevailing 

 at another time may prove helpful to feeders. 



VALUE OF FEEDS. 



Barley 36 cents per bushel; 75 cents per 100 pounds. 



Oil meal $20.00 per ton; $1.00 per 100 pounds. 

 Bran and shorts $12.00 per ton; 60 cents per 100 pounds. 

 Play $4.00 per ton; 20 cents per 100 pounds. 



Following is the cost per 100 pounds of gain wiith the different rations 

 fed: 



COST OF IOO POUNDS GAIN. 

 LOT I. 



Barley, 822 3-5 pounds $6. 17 



Oil Meal. 91 2-5 pounds 91 



Hay, 970 pounds i . 94 



Total $ 9.02 



LOT n. 



Bran and shorts, 907 pounds $ 5 . 44 



Oil Meal, 102 1-2 pounds T .03 



Hay, 1,271 pounds 2. 54 



Total .$ 9.01 



From the above tabk it willl be learned that with the prices prevailing 

 at the time of the test, there was but one cent per hundred pounds differ- 

 ence im the cost of the feed required to produce 100 pounds gain. 



GAIN IN VALUE OF THE STEERS. 



The price received per pourid for the aictual gate in weight of fat 

 cattle represents the smaller part of thei* increase in value. In addition 

 to the value of the gained weight, is the gain on the original weight, 

 which brinigs a higher price per pound. In this test the increase in value 

 of the original carcass was one cent per pound. 



At the beginning of this experiment local buyers offered three and one- 

 half cents per pound for the steers used, and at the close they valued them 

 at four and one-half cents per pound. 



It is perhaps not quite fair to count the increased value of the original 

 carcass whoilly due to the twelve, weeks of grain feeding, as the increase 

 might not have occurred had it not been for the four preceding weeks 

 of preliminary feeding. 



