Beefed Up Recent data from Meat & Livestock Australia shows beef sales to China surged six-fold in three years to a record AU$917 million in 2015 and highlights our “dining boom” investment theme. One of our key agricultural portfolio holdings is Elders (ELD.AX) which has experienced a huger turnaround of fortunes in recent times, and ELD shares remain up +13% since we added them to the portfolio in Sep 15. Mining to Dining ‘Mining to dining’ is a key thematic underpinning the ATM model portfolios. We believe that a growing middle class, particularly in Asia, is set to put considerable pressure on global agricultural resources going forward. Australasia is set to directly benefit from this dynamic given their favourable trading arrangements and close proximity with China and the rest of Asia. Data from Meat & Livestock Australia shows beef sales to China surged six-fold in three years to a record AU$917 million in 2015. The volume of beef shipped to China rose m...