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While wheat prices continued to drop, averaging under $6.50 for the first time in many years, cheese prices moved in the opposite direction. Average cheese prices were up 7 cents week over week and closed last Friday at $2 even, more than a dime higher than higher. Here is a look at some commodities prices from the week.
Cheese prices jumped 7 cents last week on the Chicago Mercantile, averaging $1.96, from $1.89 the week prior. Cheese is up 20 cents from two months ago.
Last week, prices closed at $1.92 Monday, $1.95 Tuesday, $1.97 Wednesday, $1.98 Thursday and $2 even on Friday.
Wheat prices continued to fall last week on the Minneapolis Grain Exchange and are at their lowest level in years, averaging $6.49, from $6.55 the week prior.
Wheat was more than $7.50 two months ago.
Prices closed at $6.54 Monday, $6.50 Tuesday, $6.46 Wednesday and Thursday, and $6.50 on Friday.
Gasoline and diesel fuel
To kick off the busy holiday travel week, the nationwide average price for regular unleaded fuel today is $3.25, up 3 cents from $3.22 the week prior. According to the AAA and the Oil Price Information Service, prices a month ago were $3.26.
Last year at this time, consumers were paying $3.24 at the pump.
Today's mid-range unleaded is $3.43, up from $3.40 the week prior. Premium gas is $3.60, up from $3.58 last week.
Diesel fuel prices are averaging $3.84, even from the week prior. The price of diesel fuel was $3.82 a month ago and $3.91 last year.
Following three weeks of weather-driven increases, natural gas spot prices decreased slightly at most trading locations in the country. However, the Henry Hub spot price increased slightly, from $4.24/MMBtu Dec. 11, to $4.26/MMBtu Dec. 18.
At the New York Mercantile Exchange, the January 2014 contract declined from $4.337/MMBtu Dec. 11 to $4.251/MMBtu Dec. 18, ending five consecutive weeks of increases in the front-month contract price.
Pizza company stocks
Shares of Pizza Hut parent Yum! Brands Inc. closed out last week at $72.75, up from $71.81 the week prior. The company hit a new 52-week high last month, at $78.68. Its 52-week low was in early February, at $59.68.
Domino's finished last week at $68.68, down slightly from $69.19 the week prior. DPZ hit a new 52-week high earlier this month, at $71.17. Its 52-week low was $42.16 a year ago.
Papa John's shares finished last week at $87.60, up from $86.16 the week prior. PZZA hit a new 52-week high earlier this month at $88.63. Its 52-week low was $49.88 a year ago.
CEC Entertainment Inc., parent company of Chuck E. Cheese restaurants, closed out last week at $43.65, up a bit from $43.57 the week prior. The company's 52-week-high was last month at $48.30. Its annual low was a year ago at $28.95.
Pizza Inn Holdings closed out last week at $7.92, down from $8.24 the week prior. The company's 52-week-high was $9.18 in May. It traded as low as $3.03 a year ago.
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