Show L SITUATION seen at NN AS i A new price ceiling orders which in effect forced lower average prices on wholesale cuts cuis of beef and which wont went into effect july 13 caused considerable disturbance in the fat cattle ca atle market buyers had pretty well discounted the effect of the order before it became effective but nevertheless present market on all grades of steers is about 25 to 50 cents lower than two weeks ago the new OPA orders penalize fed cattle cattie of the better gracea the situation has forced heavy liquidation of teed lote in the middle west where the market has hag suffered a drastic decline since price ceilings cel ling on beet beef were first an announced noun ced when the price ceiling became effective last april choice long fed steers were belling bining ur ual to 17 a cwt cat in chicago chicag the present top Is around 1526 on the los angeles angelas market fed steers which were selling in april at 13 to 1426 1425 are now quoted quo ted at 12 to 1350 members of the trade i are inclined to believe that cattle prices are now fairly well stabilized unless ther e are further changes in OPA regulations cattle feeders er are presenting a strong c case ase in washington lu in an effort to adjust prices of good and choice grades of beet beef more nearly in line with production costs it Is reported that meat packers are ging price ceilings on hil all live un animals emals particularly hogs and beef cattle it Is believed belied that this would require congressional action and such ceilings are not anticipated at this time at the close of the week fed steers are clearing mainly at ai 1226 1225 to 1360 1350 grass steers 1050 to 1176 1175 strictly common native and steers of mexican origan to to 1025 culls culla down to beet beef cows are moving actively at to 1000 canners and cutters to 8 bulls are in broad demand at to 1075 and up to 1115 a cwt cat native veal ers eig mostly 1250 to 14 chelce ch oice grades up to 1460 and lb I log ilog prices were subjected to pressure as buyers claimed pork ceilings too low to permit buying at pe prices yet alter after a decline early in the week the market strengthened and at the close the bulk of good and choice to aio ill ib butchers were selling at 15 to 1635 with an extreme top of 1546 1545 A new high price since 1329 1929 was registered on choice tat fat lambs lamba from the north coast area of california which brought 1450 1460 medium shorn ewes made culls and common a cwt cat |