Abstract
This paper presents the economic implications of an experiment to compare pure Friesian, Welsh Black x Friesian and Charolais x Friesian steers and heifers given high‐concentrate diets of protein, mineral, supplemented ground barley, fed with or without a pound of hay daily, or supplemented ground maize fed with a pound of hay. The favourable economic conditions that brought about a rapid spread of high‐concentrate feeding and the subsequent development of unfavourable conditions are briefly reviewed. The physical results of the experiment are presented and are followed by the main body of the paper which consists of applying economic data to the results to obtain gross‐margin and profit per animal and annual profit per animal space. Besides the experimental treatments, the effects of cereal, carcass and calf prices and the effect of E.E.C. marketing conditions are discussed.
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