Cheese prices jump 20 cents in three weeks

Sept. 16, 2013 | by Alicia Kelso

Wheat prices fell below the $7 mark for one day last week, their lowest in years. Cheese, however, continued to rise and is 20 cents higher than it was just three weeks ago.

Meanwhile, the stock market had its best week since January, benefiting most public pizza companies.


Average block cheese prices jumped another 5 cents last week on the Chicago Mercantile, averaging $1.83 from $1.78 the week prior. Wheat is up 20 cents from three weeks ago.

Cheese is inching back up toward spring prices, when it averaged $1.90.

Cheese markets closed at $1.81 Monday, $1.82 Tuesday and $1.84 Wednesday through Friday.


Wheat prices continued to fall last week on the Minneapolis Grain Exchange, falling below $7 on Monday before inching back up to average $7.02.

The week prior, wheat averaged $7.07. Two weeks ago, it averaged $7.27. A year ago, wheat was averaging above $9.

Last week, wheat closed at $6.98 Monday, $7.01 Tuesday and $7.05 Wednesday through Friday.

Gasoline and diesel fuel

The nationwide average price for regular unleaded fuel Monday was $3.51, down from $3.57 the week prior. According to the AAA and the Oil Price Information Service, prices a month ago were $3.54.

Last year at this time, consumers were paying $3.86 at the pump.

Monday's mid-range unleaded was $3.70, from $3.73 the week prior. Premium gas is $3.86, from $3.89.

Diesel fuel prices are averaging $3.94, even from $3.94 last week. The price of diesel fuel was $3.87 a month ago and $4.12 a year ago.

Natural gas

Natural gas hub prices decreased in most areas except the Northeast during the report week (Sept. 4 to Sept. 11). The Henry Hub spot price closed Sept. 11 at $3.60 per million British thermal units (MMBtu), down 8 cents from $3.68 the previous week.

At the Nymex, futures prices also decreased over the week. The near-month contract (October 2013) fell from $3.683 per MMBtu on Sept. 4 to $3.567 per MMBtu Sept. 11.

Pizza company stocks

Shares of Pizza Hut parent Yum! Brands Inc. closed last week at $72.39, a jump from $69.84 the week prior when Syrian unrest hit market prices. The company's 52-week low was in early February at $59.68. The company hit a new 52-week high of $75.13 last month.

Domino's finished last week at $65.25, up from $62.09 the week prior. DPZ hit a new 52-week high earlier in the week, at $66.18. Its 52-week low was $33.67 a year ago.

Papa John's finished Friday at $68.82, up slightly from $68.17 the week prior. The company hit a new 52-week high in August at $71.72. The company hit its 52-week low of $46.42 a year ago.

CEC Entertainment Inc., parent company of Chuck E. Cheese restaurants, closed out last week at $41.90, up 3 cents from $41.87 the week prior. The company's 52-week high was in July at $45.66. Its low was a year ago at $28.95.

Pizza Inn closed out last week at $7.38, down a bit from $7.44 the week prior. The company's 52-week high was $9.18 in May. It traded as low as $2.47 a year ago.

Read more about supply chain news.

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

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

Sponsored Links:

Related Content

Latest Content

comments powered by Disqus