BEEP CATTLE IK NORTH CAROLINA. 51 
Lot 4, 26 steers, fattened on cottonseed meal and cottonseed hulls : 
To 26 steers, 19,130 pounds at $6 per cwt $1, 147. 80 
To 18,054 pounds cottonseed meal at $25 per ton 225. 67 
To 57,525 pounds cottonseed hulls at $5.50 per ton 158. 19 
Total expenditures 1, 531. 66 
By sale of 26 steers, 23,230 pounds at $7 per cwt 1, 626. 10 
By value of 104 tons of manure at $2 per ton 208. 00 
Total receipts 1, 843. 10 
Total profit including manure 302. 44 
Total profit not including manure 94. 44 
Average profit per steer including manure 11. 63 
Average profit per steer not including manure 3. 63 
When the cattle are credited with $2 per ton for the manure pro- 
duced, the steers in Lot 1 returned a profit of $5.17 per head ; those in 
Lot 2, 9.48 per head; Lot 3, $13.33 per head; and Lot 4, $11.63 per 
head. It will be seen that the steers in the first three lots cost the 
same per hundredweight and were sold for the same price per hun- 
dredweight. This allows direct comparison of the profits shown to 
the gains made and the cost of same. 
The silage- fed steers of Lot 3 made the largest and cheapest gains 
and returned the largest profit. Those in Lot 1 made the next 
largest gains, but these gains cost more than on the cattle in Lot 2, 
so the profit on them was the smallest of the three. 
Although the steers of Lot 4 made gains at the same rate as those 
of Lot 2 and were fed the same ration, their gains were made more 
cheaply, as shown in Table 24. They also returned a larger profit, 
even though they sold for 75 cents less per hundredweight. 
SUMMARY STATEMENTS OF THE WINTER FATTENING TESTS. 
WOKK OF 1913-14. 
1. The cattle used in this test were all native grade cattle, aver- 
aging 2 years of age. 
2. The 24 steers were divided into two lots of 12 each and fed as 
follows : 
Lot 1. Cottonseed meal, cottonseed hulls, corn stover, and hay. 
Lot 2. Cottonseed meal, ear corn, cottonseed hulls, corn stover, and hay. 
3. At the beginning of the test the steers in Lot 1 had an average 
weight of 819 pounds, and after 113 days on feed weighed on the 
average 973 pounds, showing a gain of 154 pounds per head, or an 
average daily gain per steer of 1.36 pounds. 
The average initial weight of the steers in Lot 2 was 823 pounds 
and the final weight 983 pounds, which shows a gain of 160 pounds 
per head, equal to 1.42 pounds per head daily; 
