December hogs closed 205 higher on the session Friday, and up 67 for the week. The market traded as much as 245 higher earlier in the session and rose to the highest price level since July 13th. February and April hogs pushed to new contract highs. December futures are now at a 350 point discount to the cash market, and weekly production numbers are forecast to seasonally increase going into November. Confirmation of strong export data from Thursday's trade balance report, higher cash hog prices and a jump in pork values from late Thursday were all thought to be positive factors for the market. Stronger pork product prices during a period of higher production suggest for many traders that there is an active demand for US pork on the export market. Pork cutout values released after the close Friday came in at $98.71, up $1.03 from Thursday and up from $97.65 the previous week. This is the highest since August 29th. The CME Lean Hog Index as of October 12th came in at 93.68, down 6 cents from the previous session but up from 92.79 the week before. As reported on Thursday, US pork exports for the month of August came in at 433.37 million pounds, which is up 43% from last year. August exports represented 22.8% of total production for the month. China was a noted buyer of 65.5 million pounds from 43.7 million pounds in July and from 13.7 million pounds in the same month last year. The estimated hog slaughter came in at 424,000 head Friday and 184,000 head for Saturday. This brought the total for last week to 2.318 million head, down from 2.340 million head the previous week but up from 2.263 million head a year ago. Pork production for the week was 469.6 million pounds, up 1% from last year.