CALF FEEDING I1ST ALABAMA AND MISSISSIPPI. 11 



FINANCIAL STATEMENT. 



The majority of these calves were raised on the farm on which 

 they were fattened. A few, however, were purchased from neigh- 

 boring farmers; those purchased cost 4 cents a pound, and as they 

 very accurately represented an average of the whole number, the 

 initial or fall value of all was placed at 4 cents a pound on the farm 

 without shrinkage. When they were ready to be marketed buyers 

 visited the farm and made bids. They were sold to a buyer of 

 Meridian, Miss., for 5^ cents a pound on the farm, after a 3 per cent 

 deduction on farm weights. The buyer, therefore paid all expenses 

 of shipping. 



The following statements show the complete financial record : 



Table 5. — Financial statement. 



Lot 1. Cottonseed meal, cottonseed hulls, mixed alfalfa hay : 



To 16 calves — 6,010 pounds, at 4 cents a pound $240. 40 



To 4,466 pounds of cottonseed meal, at $26 a ton '__ 58. 06 



To 17,568 pounds of cottonseed hulls, at $7 a ton 61. 49 



To 7,380 pounds of mixed alfalfa hay, at $14 a ton 51. 66 



Total expenditures 411. 61 



By sale of 16 calves — 9,336 pounds, at 5-J cents a pound 498. 07 



Total profit on lot 86.46 



Average profit on each calf 5. 40 



Lot 2. Cottonseed meal two-thirds, corn-and-cob meal one-third, cotton- 

 seed hulls, mixed alfalfa hay : 



To 15 calves — 5,623 pounds, at 4 cents a pound 224. 92 



To 3,220 pounds of cottonseed meal, at $26 a ton 41. 86 



To 1,610 pounds of corn-and-cob meal, at $20 a ton 16. 10 



To 15,872 pounds of cottonseed hulls, at $7 a ton 55. 55 



To 6,677 pounds of mixed alfalfa hay, at $14 a ton 46. 74 



Total expenditures 385. 17 



By sale of 15 calves — 8,430 pounds, at 5^ cents a pound 449. 74 



Total profit on lot 64. 57 



Average profit on each calf 4. 30 



Lot. 3. Cottonseed meal one- third, corn-and-cob meal two-thirds, cotton- 

 seed hulls, mixed alfalfa hay : 



To 16 calves — 6,010 pounds, at 4 cents a pound 240. 40 



To 2,083 pounds of cottonseed meal, at $26 a ton 27. 08 



To 4,166 pounds of corn-and-cob meal, at $20 a ton 41. 66 



To 16,370 pounds of cottonseed hulls, at $7 a ton 57. 30 



To 6,932 pounds of mixed alfalfa hay, at $14 a ton 48. 52 



Total expenditures 414. 96 



By sale of 16 calves — 8,730 pounds, at 5$ cents a pound 480. 15 



Total profit on lot 65. 19 



Average profit on each calf„ _..,.-,-.__ _—„,.— 4. 07 



