April hogs closed slightly higher on the session yesterday with a sizable recovery bounce from Tuesday's collapse. Weaker packer margins, talk of slower demand from China for export and sluggish action for pork cut-out values were thought to have limited the advance. However, a weaker US dollar and strength from other commodity markets may have helped to provide underlying support. Some traders feel that signs of better demand in the cash market plus a bounce in pork values late yesterday could help the market find a near-term low. Iowa/Minnesota direct hogs jumped $2.04 to $87.76 and this may have helped to support the market as well. The bounce may have been limited by news of higher average hog weights. Average Iowa/Minnesota weights for the week ending March 3rd reached 276.1 pounds from 275.8 pounds last week and up from 272.6 pounds last year at this time. Weights typically decline during this time of the year. The CME Lean Hog Index as of March 5th came in at 87.37, down 31 cents from the previous session and down from 87.96 the week before. The estimated hog slaughter came in at 420,000 head yesterday. This brings the total for the week so far to 1.260 million head, down from 1.265 million head last week at this time but up from 1.252 million head a year ago. Pork cutout values released after the close yesterday came in at $85.42, up 57 cents from Tuesday and up from $84.89 the previous week.