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30 BULLETIN 762, U. S. DEPARTMENT OF AGRICULTURE. 
Lot 2, cottonseed meal, sorghum silage, and corn stover: 
To 20 steers, 17,129 pounds, at $5.56 per hundredweight_________ $952. 37 
To 13,315 pounds cottonseed meal, at $83 per ton______________ 219. 70 
To 90,255 pounds sorghum silage, at $8 per ton__________- 135. 38 
To 7,040 pounds corn stover, at $5 per ton_____ MS 17. 60 
To freight, yardage, commission, ete.______ fave OEM ME SE 103. 31 
ANNO Gals Ox eT CHG UY Cais alk AAR eee ae Ae, 1, 428. 36 
By sale of 20 steers, 20,370 pounds, at $10.99 per hundredweight_ 2, 238. 66 
ELIE eM 0 ye TU RR LeU isla Ne eal a en 810. 30 
FACVera Ser promt (Pers Stee ri was al Nr epee Se eu ae 40. 51 
Lot 3, cottonseed meal, sorghum silage, and oat straw: » 
To 20 steers, 17,112 pounds, at $4.46 per hundredweight________ 951. 43 
To 13,995 pounds cottonseed meal, at $83 per ton______________ 230. 92 
To 89,679 pounds sorghum silage, at $3 per ton_______________ 184. 52 
To 5,282 pounds oat straw, at $5 per ton_____--__ z 113), Pal 
To freight, yardage, commission, ete.________________ 103. 31 | 
Total expenditure_____ eee ee Steere ane ammo eC EN IL. ALS BAG) 
By sale of 20 steers, 20,010 pounds, at $10.77 per hundredweight_ 2, 155.08 
Rotalles: PRO Pen me si LN IS ats SONU Sees Na 721. 69 
Average profit per steer____ as tif AES Sane a 36. 08 
The steers were purchased in the fall for $5.56 per hundred- 
weight. After being fed 120 days and held on the farm 8 days 
longer, they were shipped to the St. Louis market. There the 
steers of Lot 1, which had been fed cottonseed meal and silage, sold 
for an average of $10.89 per hundredweight; those of Lot 2 brought 
410.99 per hundredweight, while those of Lot 3 sold for $10.77 per 
hundredweight. The market prices, while not widely different, in- 
dicate the relative finish of the steers of the three lots, and the 
profits were greatest on the steers which were finished best. 
The margin of selling was $5.33 per hundredweight for Lot 1, 
$5.43 for Lot 2, and-$5.21 for Lot 3. Such margins would in them- 
selves largely account for the large profit realized from the steers. 
The average profit per steer was $39.10 for Lot 1, $40.51 for Lot 
2, and $36.08 for Lot 3. These figures indicate the efficiency of the 
rations used. At the same time the wide margin realized between the 
buying and selling prices must be considered one of the chief factors 
determining the large profit. 
The steers fed cottonseed meal, silage, and corn stover made the 
largest profit, and the steers fed cottonseed meal, sorghum, silage, and 
oat straw made the smallest profit. 
SHRINKAGE AND SLAUGHTER DATA. 
As stated before, the experimental feeding was concluded March 
24, at which time the supply of silage was exhausted. The steers 
were held until April 1 in order to appear for a farm demonstration 
at the Canton Stock Farm. Silage for the steers during this time 
