the herd is sold down to a 20 year low. feeder cattle exports there are down 30 to 35% now. http://www.mla.com.au/Prices-and-markets/Trends-and-analysis/Beef/Forecasts
This makes sense to me. Of course markets always move up and down or at least sideways. I don't think its time for panic. Maybe time to take a little protection.
