More beef from down under set for US tables as herd drops

Exports to the U.S. from the third-largest shipper will jump 35 percent to 360,000 metric tons in 2014-2015, the Australian Bureau of Agricultural and Resource Economics and Sciences said in a report. That’s the highest since 2004-2005. The U.S. cattle herd started the year at the smallest since 1951 after years of drought forced producers to cull herds, and cattle futures reached a record last month. Prices may rise the most among agricultural commodities next year amid tight supply and strong demand, according to Rabobank International. Read more at Bloomberg…