Scott Varilek, Kooima Kooima Varilek, says cattle see more pressure with some early cash trade at lower money after hopes for steady, plus higher weights.  October live cattle need to hold the uptrend line technically as he says that contract is setting right on that critical point. Hog futures are down for a second day seeing profit taking and lower cutouts weigh on futures, so he thinks the rally is over.  Grains are taking a breather Thursday after a nice rally but he doesn't think its over as demand and soybean export business to China is coming to the market and there are growing concerns about the dryness in Brazil.    

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