April hogs closed unchanged yesterday after finding support from higher corn values, while June pushed to a new all-time high of 101.97 before closing slightly higher on the day. Cash markets continue to rally, and this has helped narrow the large premium of futures to the cash market. The CME Lean Hog Index as of February 7th came in at 82.74, up 70 cents from the previous session and up from 80.00 the week before. Cash markets were steady to $1.00 higher which helped support the market, but traders do not seem too active at buying April hogs near 91.25 while cash is near 82.75. Concerns that some hogs could back-up in the country due to cold weather may have helped to ease the buying support for April hogs as well. A warm-up in the Midwest into next week could spark increased marketings. Average weights for Iowa/Minnesota for the week ending February 5th came in at 273.8 pounds as compared with 273.2 pounds the previous week and 268.9 pounds last year at this time. At nearly 2% higher than last year, these hefty weight levels could add significantly to the total tonnage of pork production. The estimated hog slaughter came in at 422,000 head yesterday. This brings the total for the week so far to 1.249 million head, up from 1.022 million head last week at this time and up from 1.241 million head a year ago. Pork cutout values released after the close yesterday came in at $89.16, up 45 cents from Tuesday and up from $88.56 the previous week.