18 BULLETIX 631, U. S. DEPARTMENT OF AGRICULTURE. 
in one lot and fed from March 3 to April 29 — a period of 58 days — 
on a ration of cottonseed meal, corn chop, cottonseed hulls, and mixed 
hay. 
Before the silage period ended an estimated value was placed on 
each lot of calves. The calves in lot 1 were in much better condi- 
tion than those in either of the other two lots, so they were valued 
at 5J cents a pound and the calves in lots 2 and 3 at 5J cents a pound. 
At the beginning of the experiment, November 29, 1912, they were 
all valued at 4| cents a pound. 
Table 9. — Financial statement for silage period. 
Lot 1. Cottonseed meal, cottonseed hulls : 
To 16 calves — 5,836 pounds, at 4£ cents a pound $262. 62 
To 3,925 pounds of cottonseed meal, at $26 a ton 51. 03 
To 21,258 pounds of cottonseed hulls, at $7 a ton 74. 40 
Total expenditures 388. 05 
By sale of 16 calves — 8,083 pounds, at 5i cents a pound 431. 23 
Total profit on lot 43.18 
Average profit on each calf 2. 70 
Lot 2. Cottonseed meal, two-thirds; corn chop, one-third; cottonseed 
hulls ; corn silage : 
To 15 calves — 5,900 pounds, at 4^ cents a pound $265. 50 
To 2,481 pounds of cottonseed meal, at $26 a ton 32. 25 
To 1,236 pounds of corn chop, at $20 a ton 12. 36 
To 9,253 pounds of cottonseed hulls, at $7 a ton 32. 39 
To 18,734 pounds of corn silage, at $3 a ton 28. 10 
Total expenditures 370. 60 
By sale of 15 calves — 7,628 pounds, at 5^ cents a pound 388. 46 
Total profit on lot 17.86 
Average profit on each calf 1. 19 
Lot 3. Cottonseed meal, cottonseed hulls, corn silage: 
To 15 calves — 5,350 pounds, at 4* cents a pound 240. 75 
To 3.702 pounds of cottonseed meal, at $26 a ton 48. 13 
To 9.205 pounds of cottonseed hulls, at $7 a ton 32. 22 
To 18.375 pounds of corn silage, at $3 a ton 27. 56 
Total expenditures 348. 66 
By sale of 15 calves — 7,420 pounds, at 5£ cents a pound 377. 86 
Total profit on lot 29.20 
Average profit on each calf 1. 95 
If these calves had been sold March 3, or when the supply of silage 
gave out, the greatest profit would have been made on the calves in 
lot 1, and the smallest profit in lot 2, where both corn chop and 
corn silage were used. But they were not ready to be sold upon 
