FOR 19061907 



To cost of 28 steers at $32.00 per head $ 896 . 00 



To pasture 28 steers 6 weeks, at $1.00 per month 42.00 



To cost of 50960 Ibs. hay at $6.00 per ton 152.88 



To cost of 10476 Ibs. grain at $1.03 per cwt 107.93 



By 28 steers $1369.15 



'j.o net profit 170.34 



$1369.15 1369.15 

 Profit per head $ 6.08 



FOR 19071908 



Oct. 21, 1907. To cost of 24 steers at 4c per Ib $888.86 



Nov. 8, 1907. To pasture for 24 steers, 3 weeks at $1.00 per mo. 18.00 



Tlar. 24, 1908. To cost of 103,085 Ibs. hay at $3.00 per ton 154.62 



Mar. 24, 1908. To cost of 15596 Ibs. grain at 95c per cwt 148.19 



Mar. 30, 1908. To cost of 756 Ibs. grain at 95c 7.18 



Mar. 30, 1908. By 24 steers $1172.62 



To net loss 44.23 



$1216.85 $1216.85 



1 oss per head 1.94 



There was a small profit every year except one on the steers 

 fed, but the main advantage was in finding a market for the feed 

 at reasonably good prices, and retaining its fertilizing value on the 

 farm. Were it not that much of the farm crops were fed, the feed, 

 especially hay, would have a very low market value, for the market 

 is limited. Clover hay and frosted grain are not very saleable at 

 any time and prices are comparatively low. 



There was no profit in feeding, if the feed had to be purchased 

 during the winter 1907 and 1908 (an off season). The hay crop was 

 very heavy and of very poor quality, and because of panic condi- 

 tions there was no market for it. The steers were purchased at 

 $4.00 per cwt. a few days before business depression set in, at the 

 highest price of the season. But, notwithstanding this, by feeding, 

 a market was secured and the hay disposed of at $3.00 per ton. Hay 

 that was carried over by farmers to the following winter deterior- 

 ated greatly and did not bring as satisfactory returns as was ob- 

 tained by feeding it the first winter. 



CONCLUSIONS 



1. In short feeding periods, 5 pounds of grain of nitrogenous 

 composition, fed per day with clover hay to a 1000 pound steer, gave 

 nearly as satisfactory gain as 10 pounds grain and at three-fourths 

 the cost. 



2. The cost of gain increases with the amount of grain fed, 

 without a corresponding increase in the gain. 



3. With well cured clover hay the cost of gain is about one 

 half of that secured with poorly cured hay, if price of each is the 

 same. 



