June hogs closed down the 300 point limit on Friday, which left the market down 330 points for the week. Chinese demand concerns helped to pressure many commodities, as their first quarter GDP data came in weaker than expected. Some traders feel that this situation may have a large impact on the hog market, as a slower Chinese economy combined with higher pork production in China may prove to be a double whammy for hog prices. Chinese first quarter pork production was 15.11 million tonnes, up 4% from last year. With record high prices last year, and subsidies from their government, China has been able to quickly expand their hog production levels. China imports of US pork were a key supportive factor last year, and many traders are projecting sluggish pork demand from China during 2012. If overall pork exports are sluggish, many in the market see higher supply levels for the US market. While pork export reports were considered to be at strong levels earlier this year, some traders see the China news of a potential sluggish economy and especially news of expanding pork production in China as indicators that China demand for US pork may slow and pork exports in general could slow. The CME Lean Hog Index as of April 11th came in at 82.44, down 10 cents from the previous session and down from 82.56 the week before. The estimated hog slaughter came in at 411,000 head Friday and 107,000 head for Saturday. This brought the total for last week to 2.044 million head, down from 2.124 million head the previous week but up from 2.028 million head a year ago. Pork cutout values released after the close Friday came in at $77.01, down $1.81 from Thursday and down from $78.54 the previous week. This is the lowest pork value since December 29th of 2010. A sharp break in pork bellies and further weakness in loins were widely through to have pressured pork values.