October cattle closed 175 points higher on the session Friday and up 532 points for the week. This rally pushed the market up towards the highest price level since April 20th during a week of massive selling for many commodity markets. The cattle market saw some early weakness led by a limit-down move in corn and weakness in the stock market, but a rally in hog futures helped to support a strong recovery from the lows into mid-session. The market then rose sharply higher for the day on news that cash cattle traded $4.00-$5.00 higher on the week in the southern plains up to $121.00-$122.00. This leaves October cattle futures in line with a cash market just shy of the $124.00 record highs reached in April. The estimated cattle slaughter came in at 124,000 head Friday and 35,000 head for Saturday. This brought the total for last week to 677,000 head, up from 663,000 head the previous week and up from 657,000 head a year ago. Boxed beef cutout values were down 85 cents at mid-session Friday and closed 77 cents lower at $182.49. This was down from $183.31 the prior week.