April hogs closed 32 points lower on the session on Friday, and finished down 172 points for the week while June hogs closed higher for the day. The market traded sharply lower on the session early, with weakness in pork values late Thursday and ideas in the market that Mexico will be a less aggressive buyer of US hams widely seen as negative factors for the market. Under the new proposal, Mexico plans to lift 50% of their tariffs on the first $2.4 billion in US goods once the agreement is signed and would then drop the other 50% when the first Mexican carrier gets US access. Outside market forces are thought to be positive this morning, with a weaker US dollar and a firmer tone to equity markets. The large premium of futures to the cash market while cash prices were steady to weaker were seen as adding to the negative tone of the market. The CME Lean Hog Index as of March 2nd came in at 84.19, down 4 cents from the previous session and up from 83.33 the week before. The estimated hog slaughter came in at 394,000 head Friday and 63,000 head for Saturday. Hog slaughter for the week was down 1% from last year but pork production was up 1.3% from last year due to heavier than normal weights. Pork cutout values released after the close Friday came in at $91.25, up 86 cents from Thursday but down from $92.08 during the previous week.