The Scofield Bible Commentary, by Cyrus Ingerson Scofield, , at sacred-texts.com
The scene belongs to the first advent. Beauty and Bands -- literally "graciousness and union"; the first signifying God's attitude toward His people Israel, in sending His Son (Mat 21:37) the second, His purpose to reunite Judah and Ephraim (Eze 37:15-22). Christ, at His first advent, came with grace (Joh 1:17) to offer union (Mat 4:17) and was sold for thirty pieces of silver (Zac 11:12); (Zac 11:13). "Beauty" (i.e. Graciousness) was "cut in sunder" (Zac 8:10); (Zac 8:11), signifying that Judah was abandoned to the destruction foretold in (Zac 11:1-6) and fulfilled A.D. 70. After the betrayal of the Lord for thirty pieces of silver (Zac 11:12); (Zac 11:13) "Bands" (i.e. Union) was broken (Zac 11:14), signifying the abandonment, for the time, of the purpose to reunite Judah and Israel. The order of Zechariah 11 is,
(1) the wrath against the land (Zac 11:1-6), fulfilled in the destruction of Jerusalem after the rejection of Christ (Luk 19:41-44).
(2) the cause of that wrath in the sale and rejection of Christ vs. (Zac 11:7-14);
(3) the rise of the "idol shepherd," the Beast (Dan 7:8); (Rev 19:20) and his destruction (Zac 11:15-17).
The Old Testament Parables: Summary. A parable is a similitude used to teach or enforce a truth. The Old Testament parables fall into three classes:
(1) The story-parable, of which (Jdg 9:7-15) is an instance;
(2) parabolic discourses; for example (Isa 5:1-7).
(3) parabolic actions; for example (Eze 37:16-22).
The "poor of the flock": that is, the "remnant according to the election of grace" (Rom 11:5) those Jews who did not wait for the manifestation of Christ in glory, but believed on Him at His first coming, and since. Of them it is said that they "waited upon Me," and "knew." Neither the Gentiles nor the Gentile church, corporately, are in view: only the believers out of Israel during this age. The church, corporately, is not in Old Testament prophecy (Eph 3:8-10).
And the Lord
The reference to the Beast is obvious; no other personage of prophecy in any sense meets the description. He who came in His Father's name was rejected: the alternative is one who comes in his own name. (Joh 5:43); (Rev 13:4-8).