Grain and livestock futures all end in the red on Friday with risk off selling. Garrett Toay, AgTraderTalk, says it was tied to bearish outside markets and a selloff in the stock market and crude oil. Grains also saw profit taking after a decent rally off the lows and after hitting chart resistance. He thinks grains may trade sideways now until the USDA Report provides direction on yield and with harvest about to ramp up. Cattle futures had a tough day and a down week following lower cash and cutouts and he thinks a bigger correction is in store. Hog futures saw risk off technical selling as well and a push from lower cutouts, but he doesn't think that market is done going up yet.

See omnystudio.com/listener for privacy information.