26 BULLETIN 631, U. S. DEPARTMENT OF AGRICULTURE. 



much of the other work done with corn and cottonseed meal in 

 the South. 



At the prices which prevailed for feeds in 1914-15, namely, cot- 

 tonseed meal $23.50 per ton, corn 70 cents per bushel, cottonseed 

 hulls $6.50 per ton, alfalfa hay $15 per ton, and silage at $3 per 

 ton, the cost of 100 pounds of gain for lots 1, 2, and 3 was $8.34, 

 $6.34, and $7.40, respectively. This is exceedingly satisfactory, as 

 the average for all calves was less than 7 cents per pound of gain. 

 For mature annimals fed on similar feeds the cost of each pound 

 of gain would have been from 1| to 4 cents more, showing the 

 superior manner in which the calves utilize their feed. In fact, 

 good calves are the only class of cattle that will put on gains in 

 the feed lot at a price equal to or less than the selling price of the 

 calves per pound. 



FINANCIAL STATEMENT. 



The calves used in this experiment were bought and inventoried 

 at 5 cents a pound by farm weights without any shrinkage being 

 deducted for fill. This price on the farm would have been equal to 

 about 6 cents on the market, as it would have cost*the producer 

 about 1 cent a pound to cover the expense of shipping and marketing 

 and the loss in weight. All feeds were charged at the prevailing 

 prices named and charges were mad^for shipping and selling the 

 calves. The total cost of freight, commission, feed, yardage, weigh- 

 ing, and insurance amounted to $2.17 per head. 



, Table 14.— Financial statement (Nov. 13, 1914, to Apr. 5, 1915, U,3 days). 



Lot 1. Cottonseed meal, cottonseed hulls, corn silage, alfalfa hay : 



To 14 calves— 6,118 pounds, at $5 per hundredweight $305. 90 



To 7,342 pounds cottonseed meal, at .$23.50 per ton 86. 27 



To 11,853 pounds cottonseed hulls, at $6.50 per ton 38. 52 



To 26,533 pounds corn silage, at $3 per ton 39. 80 



To 7,110 pounds alfalfa hay, at $15 per ton 53. 32 



To freight, yardage, commission, insurance, etc., 14 head, at $2,175 



per head 30. 45 



Total expenditures 554.26 



By sale of 14 calves — 8.740 pounds, at $7.25 per hundredweight C33. 65 



Total profit on lot 1 _ 79. 39 



Average profit per calf 5.67 



Lot 2. Cottonseed meal two-thirds, cottonseed hulls, corn-and-cob meal 

 one-third, corn silage, alfalfa hay : 



To 12 calves — 5,124 pounds, at $5 per hundredweight 256. 20 



To 5,529 pounds cottonseed meal, at $23.50 per ton 64. 96 



To 2,764 pounds corn-and-cob meal, at 70 cents per bushel 27. 64 



To 9,940 pounds cottonseed hulls, at $6.50 per ton 32. 30 



To 22,185 pounds corn silage, at $3 per ton 33. 28 



To 6.155 pounds alfalfa hay, at $15 per ton 46. 16 





