Hightower Report reported that July hogs finally got some bullish momentum yesterday on another strong volume day, despite weak cutout values. USDA raised pork production for the 2nd quarter but also raised pork exports, as lower hog prices compete well with strong beef prices. The USDA pork cutout, released after the close yesterday came in at $97.51, down $5.06 from Tuesday and down $99.03 the previous week. The previous low was $97.46 on May 9. The previous high was $102.57 on June 11. Hightower Report said there was some light trade developed in Nebraska at $190 and a few cattle sold on the Fed Cattle Exchange at $188 with live bids of $185 in Texas and Kansas passed. The USDA estimated cattle slaughter came in at 123,000 head yesterday. This brings the total for the week so far to 367,000 head, unchanged from last week this time but down from 376,757 a year ago.