Cheese closes out last week up more than a dime

 
Dec. 23, 2013 | by Alicia Kelso

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

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

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.

Natural gas

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.

Read more about supply chain news.

 


Topics: Cheese , Chuck E. Cheese's Pizza , Domino's Pizza , Equipment & Supplies , Operations Management , Papa John's , Pizza Hut , Pizza Inn


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

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