After the run up to near zero, the December versus February leans hogs seasonal spread has settled back down around the -3.00 mark. After looking at the intraday trading range, it actually hit the exit target of -3.50 that I suggested in the October spread update. There were only 17 spreads traded at this point so working GTC orders had a chance for a fill. If you weren’t one of these lucky few, keep a close watch on the spread over the next couple trading days for another drop. Keeping a working order could work out well, depending on your overall objectives.