April hogs moved from sharply lower on the session to close sharply higher on the day during yesterday's session. Ideas that the surge in cattle and gasoline prices at the same time might support better demand for US pork may have helped to support the market later in the day. Weakness in pork cut-out values late Wednesday plus weakness in ham values were thought to have pressured the market. Many traders were looking for cash to trade $0.50-$1.00 higher on Thursday but cash prices came in mostly lower, which was seen as adding to the negative tone of the market. Weights have continued to move sideways over the past six weeks during a period when weights normally decline. This could be a function of mild winter weather but may also be associated with the slower movement of pork through the pipeline. The CME Lean Hog Index as of February 28th came in at 87.63, down 33 cents from the previous session but up from 87.23 the week before. The estimated hog slaughter came in at 421,000 head yesterday. This brings the total for the week so far to 1.686 million head, up from 1.640 million head last week at this time and up from 1.680 million head a year ago. Pork cutout values released after the close yesterday came in at $84.86, down 3 cents from Wednesday and down from $85.56 the previous week which pushed cut-out values to their lowest levels since February 9th. Actual US pork production for the week ending February 18th came in at 448.4 million pounds, up from 440.3 million pounds the previous week and up 0.22% from a year ago.