Flexing fatigue..same as Codders' U-bolts. You need to brace it somehow. Also, imho, it is better not to have too small and neat a weld because the area around the weld cools rapidly and the structure within the steel may not be at its best. (Tried to word that carefully so's I don't get a row from Jono...
) Have a look closely at the broken ends, I bet you can see the grain structure of the steel.