 Estimated cattle slaughter was 122,000 head. Cash hogs were mostly lower on Thursday with light closing negotiated sales at the major direct markets. Most buyers appear to have the needed numbers in hand after a couple of days of aggressive activity, adding just a few hundred head between the open and close. Barrels and gilts at the National Daily Direct were down 54 cents with a base range of 78 to 89.50 and weighted average price of 86.77.