Block cheese jumps 6 cents; gas up a nickel

 
Feb. 20, 2011 | by Alicia Kelso

Cheese
Average block cheese prices continued to climb last week on the Chicago Mercantile Exchange, coming in at an average of $1.94, up from $1.88 the previous week.

Block cheese prices rose throughout the week, closing at $1.93 Monday and Tuesday, $1.94 Wednesday and $1.95 Thursday and Friday.

Cheese remains up from last year’s average of $1.63 per pound.

Wheat

Wheat prices eased up a bit from the previous week, averaging $9.78 on the Minneapolis Grain Exchange. The previous week’s average was $10.11. 

Wheat closed at $10.13 Monday, $9.75 Tuesday, $9.67 Wednesday, $9.81 Thursday and $9.55 Friday.

Gasoline and diesel fuel

Today’s nationwide average for regular unleaded gasoline is $ $3.17, up a nickel from the previous week, according to AAA and the Oil Price Information Service.

Prices remain up from a month ago, when they were $3.11, and from this time last year, when consumers were paying $2.64 at the pump.

Mid-range unleaded currently averages $3.30, while premium unleaded Monday was just under $3.43.

The nationwide average for diesel fuel stood at $3.56, up from $3.52 per gallon last week. Diesel prices also remain up from $ $3.41 a month ago, and from $2.83 a year ago.

Natural Gas

A reprieve from extreme cold in much of the country this week limited space-heating demand, contributing to price declines. The biggest price decreases occurred in the Northeast. During the report week (Feb. 9-16), the Henry Hub spot price decreased $0.29 to $3.93 per million Btu (MMBtu).

Pizza company stocks

Shares in Pizza Hut parent Yum! Brands Inc. closed at $51.17, a boost from $49.77 the previous week. The company traded at an all-time 52-week high of $52.47 in November 2010, and a 52-week low of $32.49 in February 2010.

Domino’s closed at $17.14 Friday, up slightly from its previous week’s closing of $17.05. DPZ’s 52-week high was earlier this month at $17.16. Domino’s traded as low as $10.64 in February 2010.

Papa John's stock closed at $29.12 Friday, a drop from the previous week’s close of $29.57, which marked the company’s 52-week high. The company traded at a 52-week low of $21.77 in February 2010.

Shares in CEC Entertainment Inc., parent company of Chuck E. Cheese restaurants, closed at $38.25 Friday, an increase from $38.03 the previous week. CEC traded at a 52-week high of $41.79 in April 2010, and a 52-week low of $30.84 Aug. 13, 2010.

California Pizza Kitchen closed at $17.72 Friday, a bump from the previous Friday’s closing of $17.17. CPKI traded as high as $22.92 in April 2010, and as low as $13.19 in July 2010.

Pizza Inn turned in at $1.95 Friday, up from $1.88 the previous week. PZZI traded at a 52-week high of $2.20 in April 2010, and a 52-week low of $1.55 in January 2010.


 


Topics: Business Strategy and Profitability , Cheese , Food & Beverage , Operations Management


Alicia Kelso / Alicia has been a professional journalist for 15 years. Her work with QSRweb.com and PizzaMarketplace.com has been featured in publications around the world, including Good Morning America, Voice of Russia radio, Consumerist.com and Franchise Asia magazine.
View Alicia Kelso's profile on LinkedIn

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