Can somebody explain to me why the bottom has dropped out of the fat cattle market. June live closed at 74.75 today. Thats off of a high of around 88-89 for June just a month or 2 ago. I realize that we were all kind of expecting the markets to drop off slightly this year but yikes! Thats close to $200 off on a 1350lb steer. I didn't use the futures on my cattle since I was going to just sell them as 7 weight feeders the 1st of Feb, but like a dummy have hung on to them when the market started going south. :x Does anyone have any ideas why the market has reacted so dramaticly downward, they mention that feedlot placements are up, where are they coming from since they also say rancher are holding back more for replacements. Canada or Mexico maybe? I'm just asking, as it doesn't make sense to me. Do you all think it will keep sliding?