40 



N. C. AGRICULTURAL EXPERIMENT STATION. 



the kind and quality of feeds used as influenced by local conditions. 

 The actual cost per pound of gain should be reduced by using a better 

 grade of cattle, and by using better methods of management. However, 

 the relative cost should not vary considerable from the figures given in 

 the financial statements. 



FIG. 7 Steers fed cottonseed meal and corn silage in 1910-1911. 



It will be seen from these statements that the value of the manure pro- 

 duced has been credited to each lot of cattle. In considering the neces- 

 sary selling price to break even on the transaction, however, the value of 

 the manure was not credited. In studying these statements special atten- 



FIG. 8 Porterhouse, round and sirloin cu^s from steers fed cottonseed meal and corn silage 



in 1910-1911. 



tion should be given to the profit per steer, and the necessary selling! 

 price to break even on the transaction, as these are always the final 

 factors for consideration. 



Lot 1. Seven steers fed cottonseed meal, corn stover and corn silage in 



1909-1910. 

 To purchase of 7 steers, weight 6,423 Ibs. @ $4.00 per 



hundred $256.92 



To feeding 6,380.5 Ibs. cottonseed meal @ $30.00 per 



ton 95.70 



