February hogs closed 165 higher on the session Friday and finished 170 points higher for the week as higher prices as cash terminals, stronger pork cut-out values and news of continued strong export demand in November were seen as supporting the market. November pork exports totaled a new record high at 505.37 million pounds, which was up 24.6% from the previous year. November exports represented 24.2% of total production for the month. Exports to China were 117.78 million pounds, which was also a new record high level. The CME Lean Hog Index as of January 11th came in at 84.16, up 37 cents from the previous session and up from 82.03 the week before. The estimated hog slaughter came in at 385,000 head Friday and 129,000 head for Saturday. This brought the total for last week to 2.212 million head, up from 2.063 million head the previous week and up from 2.127 million head a year ago. Pork production for the week was estimated at 459.1 million pounds, up 3.3% from last year. Pork cutout values released after the close Friday came in at $83.85, down 26 cents from Thursday and down from $84.06 the previous week.