 may be overdone to the downside with December hog futures at a discount of nearly $26 below cash in the index. One has to wonder if the market is really that bearish. Pork cutout values fell 224 with negative values for all primal cuts. The slaughter pace continues to run above a year ago with packers finding plentiful hogs to maintain the pace. We expect cash hog trade to be steady with futures mixed. We expect cash cattle and futures trade to be lower. This is the American Ag Network.