Prices are frequently discovered at the concentration points in the swine-pork industry because it is at these points that information is most easily disseminated and received.
Cycles play an important part in the variation of hog prices over time.
The biological lag of actual production to production decisions explains the length of hog cycles. Short-term moves in hog prices are a function of the number of hogs marketed, retail movement of pork and the resulting changes in prices of pork carcasses and primal cuts.