Merricks Capital says Australian beef prices could spike.

Merricks Capital, the hedge fund with expertise in agriculture, says Australian beef prices could increase 50 per cent by the end of next year amid a global shortage of protein.

The $2 billion Melbourne-based hedge fund, which accurately predicted the decline in beef prices in 2017, says the true extent to which African swine fever has devastated Chinese pork production has only just become apparent, and is already leading to a sharp rise in export substitutes. …