Beads in rocket exhaust?

Not sure if it's chemistry or physics, but the latter seems more like it.

Let's take a look at pretty much any large rocket with smoke-less exhaust during it's launch, for example the recent one:

As you can see, there are a kind of beads in the exhaust plume at seemingly constant intervals. The higher the thrust, the longer the intervals.

What causes these beads? I think they are related to the nozzle's shape, but if so, why are there several of them? What prevents it from expanding at where the first bead is, and keep going? Or, does it look this way for some other reason, like temperature/luminosity/etc?

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