44 BULLETIN 628, U. S. DEPARTMENT OF AGRICULTURE. 



Lot 1 — Continued. 



Total profit including manure $75. 95 



Total loss not including manure 20. 05 



Average profit per steer including manure 6. 33 



Average loss per steer not including manure 1. 67 



Lot 2. Cottonseed meal, ear corn, cottonseed bulls, corn stover, and 

 nay : 



To 12 steers, 9,880 pounds at 85.50 per ewt 543. 40 



To 6.422 pounds cottonseed meal at $30 per ton 96. 33 



To 8.516 pounds ear corn at 50 cents per bushel 60. 82 



To 21,938 pounds cottonseed hulls at §7.50 per ton 82. 27 



To 4,060 pounds corn stover and hay at 810 per ton 20. 30 



Total cost of feed 259. 72 



To cost of marketing 46.50 



Total expenditures . 849. 62 



By sale of 12 steers, 10,775 pounds at $7.60 per ewt 818. 90 



By value of 48 tons manure at $2 per ton 96. 00 



Total receipts 914. 90 



Total profit including manure 65. 28 



Total loss not including manure 30. 72 



Average profit per steer including manure 5. 44 



Average loss per steer not including manure 2. 56 



Note. — Steers of Lot 1 valued at market at $7.55 per ewt. ; steers of Lot 2 

 valued at market at 87.65 per ewt. ; all were sold in one lot at 87.60 per ewt. 



Comparing the financial statements of the two lots, it is seen that 

 when the value of the manure is credited to the feeding. Lot 1 re- 

 turned a profit of $75.95, or an average profit per steer of $6.33 ; 

 while Lot 2 returned a profit of $65.28, or an average profit of $5.44 

 per steer. If no credit is allowed for manure produced, both lots 

 were sold at a loss. Thus, notwithstanding the fact that the steers 

 of Lot 1 made smaller gains, the gains were produced more eco- 

 nomically. 



EXPERIMENTS OF 1914-15. 



The experiments conducted during the winter of 1914—15 were 

 carried out with the same objects in view as the previous winter's 

 fattening tests. 



PLA^ OF WOEK. 



The same general plans followed in the previous winter were ad- 

 hered to. Four lots of steers were fed as follows : 



Lot 1, 10 steers, fed cottonseed meal, cottonseed hulls, and ear corn. 

 Lot 2, 100 steers, fed cottonseed meal and cottonseed hulls. 

 Lot 3, 21 steers, fed cottonseed meal and corn silage. 

 Lot 4. 26 steers, fed cottonseed meal and cottonseed hulls. 



The steers in the first three lots were fed for 96 days, and those 

 in Lot 4 for 111 days. 



