Cheese prices still on the rise

Cheese
Average block cheese prices jumped 15 cents last week on the Chicago Mercantile Exchange, coming in at an average of $2.11. Last week's average was $1.94, which was nearly a 20-cent increase from the previous week when it came in at $1.74.

Prices stayed consistent around $2.11 Monday through Friday.

Wheat
Wheat prices again hit above $10 last week, the third time since mid-February. Wheat is up 72 percent from last year because of a continued Russian ban on exports and poor weather conditions in the U.S. and Europe.

Still, the week's average was $10.13 on the Minneapolis Grain Exchange, down from $10.27 the previous week.

Wheat closed at $10.42 Monday, $9.84 Tuesday, $10.21 Wednesday, $10.20 Thursday and $10 Friday.

Gasoline and diesel fuel

Monday's nationwide average for regular unleaded gasoline was $3.70, down 7 cents from $3.77 the previous week, according to AAA and the Oil Price Information Service.

Prices are also down from $3.97 a month ago, and remain up more than $1 from this time last year, when consumers were paying $2.72 at the pump.

Mid-range unleaded is $3.84, while Monday's premium unleaded price was $3.97, a 7-cent drop from last week's $4.04.

The nationwide average for diesel fuel is $3.98, a drop from $3.99 last week and $4.01 from the previous week. Diesel prices are also down from $4.16 a month ago, and remain up from $2.97 a year ago.

Natural Gas
Natural gas prices rose on the week across the board, with somewhat moderate increases in most areas and steep increases in the Northeast United States. The Henry Hub spot price rose 20 cents on the week from $4.63 per million Btu (MMBtu) last Wednesday, June 1, to $4.83 per MMBtu yesterday.

Pizza company stocks
Shares in Pizza Hut parent Yum! Brands Inc. dropped to $52.87 Friday, down from $54.42 the previous week and $56.26 two weeks ago, which was the company's 52-week high. Yum! traded at a 52-week low of $38.53 in July 2010.

Domino's finished last week at $23.14, down from $24.24 the previous week, which was the company's 52-week high. However, shares are still substantially higher over this time last year when the company traded as low as $10.99 in June 2010.

Papa John's finished at $32.12, a small drop from last week's $32.71. However the previous week was the company's 52-week high at $34.12. Papa John's traded at a 52-week low of $22.78 in July 2010.

Shares in CEC Entertainment Inc., parent company of Chuck E. Cheese restaurants, closed at $37.72 Friday, a decline from last Friday's $38.48. CEC traded as high as $40.90 in December 2010 and as low as $30.44 in August 2010.

California Pizza Kitchen closed at $18.42, a slight increase from last week when it came in at $18.38. CPKI traded as high as $20.79 in May 2010 and as low as $13.19 in July 2010.

Pizza Inn hit a new 52-week high this week at $2.48 Friday, up almost a quarter from $2.25 the previous Friday. It traded as low as $1.77 in May 2010.

Related Content

User Comments – Give us your opinion!
Products & Services

Restaurant Sales Builder

http://global.networldalliance.com/new/images/products/4286.png

4286/Restaurant-Sales-Builder

AquaCafe

http://global.networldalliance.com/new/images/products/6965.png

6965/AquaCafe

Granbury Websites

http://global.networldalliance.com/new/images/products/6815.png

6815/Granbury-Websites

Food Cost Management

http://global.networldalliance.com/new/images/products/6401.png

6401/Food-Cost-Management

Facebook Ordering

http://global.networldalliance.com/new/images/products/5935.png

5935/Facebook-Ordering

Pepperoni

http://global.networldalliance.com/new/images/products/6787.png

6787/Pepperoni

Business Performance Management

http://global.networldalliance.com/new/images/products/6413.png

6413/Business-Performance-Management

Luzianne iced tea

http://global.networldalliance.com/new/images/products/6957.png

6957/Luzianne-iced-tea

Social Security Number (SSN) Verification

http://global.networldalliance.com/new/images/products/SSN_employmentsearch.gif

1426/Social-Security-Number-SSN-Verification

Standard coffee

http://global.networldalliance.com/new/images/products/6963.png

6963/Standard-coffee

Fast Casual Executive Summit
Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.