hog cycles

hog cycles

cycles of over- and underproduction of goods because of time lags in the production process. Such cycles often occur with agricultural products such as pork where high prices one year cause pig farmers to breed extra pigs, leading to oversupply and low prices in the following years. See COBWEB THEOREM.
References in periodicals archive ?
In the past also, China had such swine upheavals, or "hog cycles. But the prices were still manageable.
That will make the hog cycle to enlarge and last longer pushing pork prices higher than other hog cycles, the bank said.