In economics, the term pork cycle, hog cycle, or cattle cycle[1] describes the phenomenon of cyclical fluctuations of supply and prices in livestock markets. It was first observed in 1925 in pig markets in the US by Mordecai Ezekiel and in Europe in 1927 by the German scholar Arthur Hanau.[2]

A schematic diagram of the pork cycle


  1. Rosen, Sherwin; Murphy, Kevin; Scheinkman, José (1994), "Cattle cycles", Journal of Political Economy, 102 (3): 468–492, doi:10.1086/261942, S2CID 219377989
  2. Hanau, Arthur (1928), "Die Prognose der Schweinepreise" (PDF), Vierteljahreshefte zur Konjunkturforschung, Berlin: Verlag Reimar Hobbing