https://en.wikipedia.org/wiki/Pork_cycle:
“In short, the pork cycle runs as thus:
- As pork, being a rare good, is a high-priced item, a few farmers decide to start raising pigs. While pig supply is limited, prices remain high.
- More farmers realise the value potential and also begin raising pigs. As more and more piggeries come 'online' and start delivering pigs, the price begins to decrease.
- At some point, demand and supply equalise. Pig farms are still producing pigs and supply begins to outstrip demand. The prices decrease further. Pork becomes a common commodity, and consumers may get bored of pork.
- In view of the decrease in prices, farmers turn away from raising pigs, and go back to more valuable crops or livestock.
- As a result, the pork supply begins to decline, eventually below demand, and then pork goes back to being a high-priced item.
- The cycle begins all over.”
> For many Spanish consumers, the glut is a blessing, because the price they pay for power is linked to what producers get on the wholesale market. This year their rates have been among the lowest in Europe — about half of what Germans pay.
And the grumblings of speculators are relegated to the second half of the article where I clipped that from.