December hogs closed sharply lower on the session yesterday even with a positive tone from outside market forces. The market pushed sharply lower early in the session, opposite of most other commodity markets at the time. The market was unable to recover when cash markets traded $1.00 higher on the session after most traders expected cash to be steady to $1.00 lower. Lower cash market expectations and a weaker tone to the pork product market on Friday plus talk that last week's weekly production was up 2.8% from last year were all seen as negative factors for the market. Cash hogs are called steady to $1.00 lower today, as the recent jump in pork production is thought to have started pressuring pork product prices and the uncertain cash price outlook could cause packers to become reluctant buyers of live inventory. Pork cutout values released after the close yesterday came in at $97.56, down 9 cents from Friday and down from $98.32 the previous week. This is the lowest level since September 27th. The CME Lean Hog Index as of October 6th came in at 93.50, up 71 cents from the previous session and up from 91.08 the week before. The estimated hog slaughter came in at 431,000 head yesterday. This was up from 430,000 head last week and up from 414,000 head a year ago as this time.