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Playlist: Live Cattle - Dec 2019

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3:45
Jakobsen: Argentina's beef with 'vultures' leaves bad taste
Steen Jakobsen
31 July 2014 at 9:52 GMT
2:15
Where's the beef? Cattle prices at record high
Ole Hansen
02 May 2014 at 10:12 GMT
1:40
Why coffee's the hottest commodity in town
Owen Thomas
16 January 2014 at 14:03 GMT
2:25
Hansen: Seize the corn and cattle momentum
Ole Hansen
28 November 2013 at 16:43 GMT
1:47
Saxo TV: Silver Meltdown Leads The Declines
Ole Hansen
28 June 2013 at 12:47 GMT
Video / 27 June 2014 at 12:14 GMT

Why Americans will pay more to drive and eat this summer

Ole Hansen
The price of oil is stabilising after a spike caused by increasing tension in Iraq. Saxo Bank's Head of Commodity Strategy, Ole Hansen, reports that so long as the main producing areas in the North and South of the country remain unaffected, we could see more long liquidation if WTI falls to USD 105. 
Gasoline prices at the pumps haven't been this high for six years in the States and that'll impact ordinary Americans as the traditional driving season begins after the July 4th holiday. Coupled with that, cattle prices are at an all time high so those vacationers who also like to barbeque steaks are going to be hit in their wallets. 
There may be some relief, however, as the US government has given the green light to the export of condensate. Condensate derives from shale and it needs to be refined before it's usable. The US doesn't export crude oil but it can sell refined products and this could ease price pressures in global markets over the coming months.
Gold has recently hit two month highs but it's stabilising in a range of between USD 1,300 and US 1,330 / ounce. Ole remarks that with US interest rates starting to move down and inflation picking up, lower 'real' interest rates could be potentially price supporting. . 

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