Show LINES 10 SITUATION f low arof at fit 11 gelas now price ceiling orders ordera which in effect forced lower average prices on wholesale cuts of beer beef and which went into effect july 13 caused considerable disturbance in tile the fat cattle market buyers had pretty well discounted the effect of the order before it became effective but nevertheless no less market on all graded of steers Is about 26 2 5 to 60 cents centa lower than two weeks ago the new ORA OPA orders penalize fed cattle of the bettor better graded tile the situation haa baa forced heavy liquidation of foed feed lote in the middle west where the market haa suffered a drastic decline since price ce bellinge llinge on boot beat were first announced noun ced when the price ceiling became effective last april choice long fed steer were selling up to 17 a cwt cat in chicago the present top Is around 1625 1525 on tho los loa angel angeles am market fed steers which wore were selling bolling in april at 13 to 1426 1425 are now quoted at 12 to 1360 Alom bers of tile tho trade are inclined to believe that cattle prices tire are n now ow fairly well stabilized anlo unload aw there are further changes chang eit in OPA regulations cattle feeders are presenting a strong cast in washington in an effort to adjust prices of good and choice grados of boot beef more nearly in line with production costs coats it Is reported that meat packers are urging price ceilings on oil all live animals particularly hogs and boef beef cattle it la 19 believed that this would require congressional action and such collings ceilings are not anticipated at this time at tile the close of the week fed are clearing Lua mainly lilly at 1226 to 1360 1350 grass steers 1060 60 to 1176 1175 strictly coln coin mon men native and steers of mexican origan to 1026 culls culla down to beef cows cowa are moving loving actively at to 1000 canners and cutters buttera I 1 to 8 bulls bulla are aie in broad demand at to 1076 1075 anil ana up lip to 1115 a cwt cat nativo veal ore mostly 1250 to 14 choice gradei up to 1460 1450 and lb ilog hog prices were subjected to pressure uio au aa buters claimed pork ceilings too low to permit buying at ve pi prices ices yet after a decline early in ili tile the week ano market strengthened and at the close the bulk of good and choicer to lb ib butchers were selling at alb 15 to 1635 with an ex top of 1545 A now new high price since 1929 was waa registered on choice fat lambs lamba from the north coast area of cal which brought 1400 medium shorn owes ewes made cull culig and common a cwt cat |