STEER FEEDING EXPERIMENTS. 

 FINANCIAL RESULT OF THE TEST. 



75 



Table No. 3 gives the financial statement and the summary 

 for this test. It presents, in another way, several facts given in the 

 previous tables. The steers, on the average, cost $28.00 each, but 

 to put all on an even basis, they are figured at a calculated rate 

 of $2.58 per hundred pounds. In this way we get the correct cost 

 of each lot of steers as determined from their beginning weights. 



The average cost of feeding each steer, for the 129 days, 

 ranged from $9.47, for lot I, to $14.76 for lot IV a difference of 

 $5.43 per steer in favor of lot I, which was fed the light grain 

 ration. The average cost per steer for the carload was $12.16. 

 The total cost of feeding the carload was $291.89. 



TABLE No. Ill FINANCIAL STATEMENT AND SUMMARY, 1904-5 



These steers sold for 3.5 cents per pound, shrunk weight, 

 which was nearly i cent above the purchase price. The price re- 

 ceived per steer ranged from $43.58 for lot II to $46.38 for lot IV. 

 The average price received for the steers was $44.40 at Bozeman. 

 The profit on each steer in the lot tells an interesting story. On 

 lot I the profit was $42.05. On lot II it was $25.91. On lot III 

 the profit was $20.82, and on lot IV only $10.87. The profit on each 

 steer ranged from $7.01 for lot I, which was fed on the light grain 

 ration, down to $1.81, for the steers fed the heavy grain ration, or, 

 in other words, the steers fed the light grain ration returned nearly 

 four times the profit obtained on lot IV, fed the heavy grain 

 ration. 



