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New Beef Ceiling
Prices Next Week
Retail butchers are required to post in their shops by June 4 the new ceiling prices for beef cuts that go into effect May 14, says the OPS District Office of the Office of Price Stabilization. These beef prices will be effective until July 31.
On July 31- OPS will put into effect the first of two ceiling price reductions, the second taking place on October 1.
These ptep-foy-btep reductions in beef prices will result by fall in reductions of about 10 per cent in the prices consumers pay, says the OPS District Office. Actual percentage reductions will be dependent partly on the type and style of beef cuts. The ceilings effective next (week hold retail prices at about the same level as of last February.
The OPS regulation controlling beef prices is part of a group of regulations thiat reduce the prices that slaughterers can pay for beef cattle and that wholesalers can charge retail butchers. The'cattle prices will be reduced about 10 per cent on May 20, another 4i on July 29, and still another 4i on September 30. v
The prices slaughterers may pay for cattle are the lowest which would protect cattle feeders against inventory losses on cattle acquired before' the freeze date. The three reductions take into consideration both the feeders’ positions and assurance of orderly marketing through facing us all.”
-rfObserve BRUSH BURNING LAW
63.6%