I agree with Brian, in that you mainly want your triglycerides to be low. LDL cholesterol can be damaging, or not, and mainly depends on it's oxidation level. Unfortunately there are not (yet) routine tests for oxidised LDL, so most doctors are wary of high LDL levels. If it were me, I would be using some measures of body composition to make sure most of the weight I was losing was indeed from fat. If your triglycerides are low during active weight loss, it may indicate that you are losing more muscle and water than fat. You actually should have a decent level of circulating triglycerides if you are burning a lot of body fat for fuel.
So you may not have anything to worry about. But I would still question whether or not you should be eating a diet HIGH in saturated fats. Cholesterol itself rarely, if ever, raises your LDL levels, but can raise your HDL levels, which is a good thing. But, relative to modern meat sources, ancestral (primal) meat was much lower in saturated fats, even though total cholesterol was similar. So if you want to stay primal, try to stick to wilder meats and ditch the dairy. It may not be necessary, but sure won't hurt.