October hogs pushed higher on the session, with many traders pointing towards a jump in pork cut-out values late Wednesday and news that packers paid higher prices for cash hogs as the key positive factors for the market. The strong two-day rally has many traders feeling that a significant low may be in place. News that cash hogs traded steady to $1.00 higher yesterday was thought to have triggered aggressive buying and short-covering to lift the market sharply higher to close at an 8-session high. Pork cutout values released after the close yesterday came in at $94.99, up 3 cents from Wednesday but down from $96.48 the previous week. Another large rally in hog prices in China may have helped to provide some psychological support as some traders believe that China will import some pork to relieve inflationary pressures. February hogs closed at the highest level since August 8th. The CME Lean Hog Index as of September 6th came in at 94.47, down 1.72 from the previous session and down from 98.36 the week before. The estimated hog slaughter came in at 428,000 head yesterday. This brings the total for the week so far to 1.279 million head, down from 1.665 million head last week at this time but up from 1.267 million head a year ago.