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Assume you are feeding out steers in a small feedlot on your farm. You have grain and hay available to formulate a ration. You are
Assume you are feeding out steers in a small feedlot on your farm. You have grain and hay available to formulate a ration. You are evaluating combinations of grain and hay that may be fed per animal to put on 120 lbs of gain. If you decrease the amount of hay fed from 314 lbs to 197 lbs while increasing the amount of grain-fed from 800 lbs to 900 lbs, and the price of the grain is $5.00/cwt and the price of hay is $45/ton, what is the price ratio?
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