In economics, the term pork cycle, hog cycle, or cattle cycle describes the phenomenon of cyclical fluctuations of supply and prices in livestock markets. It was first observed in pig markets in the US by Mordecai Ezekiel and in Europe by the German scholar Arthur Hanau.
Famous quotes containing the words pork and/or cycle:
“The pork sizzles and cries for fish. Luckily for the foolish race, and this particularly foolish generation of trout, the night shut down at last, not a little deepened by the dark side of Ktaadn, which, like a permanent shadow, reared itself from the eastern bank.”
—Henry David Thoreau (1817–1862)
“Only mediocrities progress. An artist revolves in a cycle of masterpieces, the first of which is no less perfect than the last.”
—Oscar Wilde (1854–1900)