Commodities update -- Week of Nov. 23, 2009

Commodities update -- Week of Nov. 23, 2009
Tags: Operations Management
November 22, 2009 - Jennifer Litz

Cheese

Block cheese prices on the Chicago Mercantile Exchange averaged slightly under $1.59 per pound, up 2 cents from the previous week. Block cheese closed at $1.58 Monday through Thursday, and just at $1.60 Friday. Prices are off 16 cents, or 9 percent, compared with this time last year, when block cheese averaged just over $1.75 per pound. Wheat Wheat for December delivery closed at $5.64 per bushel Friday on the Minneapolis Grain Exchange, up from the previous week's close of $5.56. Prices for wheat for December delivery closed at $5.74 per bushel Monday, $5.82 per bushel Tuesday, $5.70 per bushel Wednesday and $5.69 per bushel Thursday. Gasoline and diesel fuel The nationwide average for regular unleaded gasoline was $2.64 per gallon Nov. 23, according to AAA and the Oil Price Information Service, up 1 cent from the previous week. Prices are down under 1 percent from an average of $2.65 per gallon a month ago and up 37 percent from an average of $1.93 per gallon this time last year. Mid-range unleaded currently averages $2.80 per gallon while premium unleaded stands at $2.90 per gallon as of Nov. 23. The nationwide average price for diesel fuel stands at $2.82 per gallon Nov. 23, flat from last week. Diesel prices are off 1 percent from an average of $2.85 per gallon this time last year. Natural gas Since Wednesday, Nov. 11, natural gas spot prices rose at nearly all market locations in the lower 48 states, with increases of up to 55 cents per million Btu (MMBtu), according to the Energy Information Administration. Prices at the Henry Hub climbed 15 cents per MMBtu, or about 4 percent, to $3.74 per MMBtu.

Pizza company stocks Shares in Pizza Hut parent Yum! Brands Inc. closed at $35.65 on Nov. 20, up 38 cents compared with the previous week's close of $35.27. YUM traded at a 52-week high of $36.96 in June 2009 and a 52-week low of $21.50 in November 2008. Domino's closed at $7.49, down 30 cents compared with the previous Friday's close of $7.79. Over the past 52 weeks, DPZ has traded as high as $10.07 in June 2009 and as low as $2.61 in November 2008. Papa John's stock closed at $21.95, off 7 cents compared with the previous Friday's close of $22.02. PZZA traded at a 52-week high of $29.25 in May 2009 and a 52-week low of $12.78 in November 2008. Shares in CEC Entertainment Inc., parent company of Chuck E. Cheese restaurants, closed at $28.99, off 18 cents compared with the previous week's close of $29.17. CEC traded at a 52-week high of $34.77 in July 2009 and a 52-week low of $12.96 in November 2008. California Pizza Kitchen closed at $12.60 on Nov. 20, off 21 cents compared with the previous week's close of $12.81. CPKI has traded as high as $17.44 in mid-April and as low as $5.24 in November 2008. Pizza Inn closed at $1.60 on Nov. 20, same as the previous week's close of $1.60. PZZI traded at a 52-week high of $2.25 in June 2009 and a 52-week low of 98 cents in April 2009.