164 Western Live-stock Management 



COST AND PROFIT 



From the following figures gathered prior to opening of 

 the European War, one can obtain an idea as to the costs 

 and profits of feeding lambs. These figures are based on 

 a lamb as a unit. A lamb fed as outlined in the dis- 

 cussion of feeds and ration would, during a ninety-day 

 feeding period, consume eighty-five pounds of grain and 

 180 pounds of hay and during this time would gain about 

 twenty-two-and-one-half to twenty-five p6unds : 



Costs : 



60 pounds lamb @ .05 $3.00 



Interest on $3.00 for 90 days @ 8 per cent . .06 



85 pounds grain @ $1.25 1.06 



180 pounds of hay @ $7.00 63 



Loss by death .05 



Commission .05 



Yardage .05 



Freight 20 



Incidentals .05 



$5.15 

 Income : 



82J pounds lamb @ .07 $5,775 



Deducting the cost from the income would leave a net 

 profit a head of $.625. The feeding margin in this case is 

 $.02, being the difference between the buying and selling 

 price a pound. As the various items listed above are more 

 or less variable, the profit a head increases and decreases 

 from year to year. 



FEEDING WETHERS 



Wethers are fattened in the same way as lambs, although 

 not on so large a scale. They will require on the average 

 about 40 per cent more feed, a larger portion of which may 

 be hay. In spite of this larger feed, the daily gain is about 



