Commodities: Prices down, for now

 
Oct. 24, 2010 | by Jennifer Litz

Cheese

Block cheese prices fell again last week on the Chicago Mercantile Exchange, averaging $1.70 per pound, down 6 cents from the previous week.

Cheese prices are up 17 percent overall compared with last year, when they averaged $1.45 per pound.

Wheat

Prices for wheat on the Minneapolis Grain Exchange closed at $7.28, down 26 cents from the previous week’s close of 7.54.

Wheat prices closed at $7.45 on Monday, $7.30 on Tuesday, $7.44 per bushel Wednesday, and $7.29 per bushel Thursday.

Gasoline and diesel fuel

The nationwide average for regular unleaded gasoline was $2.81 per gallon October 25, according to AAA and the Oil Price Information Service, down 2 cents from the previous week’s average of 2.83. Prices are up 3 percent from $2.70 per gallon a month ago and up 5 percent from an average of $2.67 per gallon this time last year. Mid-range unleaded currently averages $2.99 per gallon while premium unleaded as of October 25 stood at just under $3.10 per gallon.

The nationwide average for diesel fuel stood at $3.09 per gallon October 25, relatively flat from the previous week’s price of $3.10. Diesel prices are up 10 percent from an average of $2.81 per gallon this time last year.

Natural gas

Natural gas spot prices fell at most market locations, reversing gains from the previous week, according to the U.S. Energy Information Administration. The Henry Hub spot price dropped from $3.58 per million Btu (MMBtu) October 13, to $3.46 per MMBtu yesterday.

Pizza company stocks

Shares in Pizza Hut parent Yum! Brands Inc. closed at $49.57 on October 22, up 72 cents compared with the previous week's then-record high close of $48.85. Yum! traded at an all-time 52-week high of $49.63 in October 2010 and a 52-week low of $32.49 in October 2009.

Domino's closed at $15.28, up 66 cents compared with the previous Friday's close of $14.62. DPZ traded as high as $16.32 in April 2010 and as low as $7.09 in November 2009.

Papa John's stock closed at $26.45, down 51 cents compared with the previous Friday's close of $26.96. PZZA traded at a 52-week high of $28.84 in May 2010 and a 52-week low of $21.44 in December 2009.

Shares in CEC Entertainment Inc., parent company of Chuck E. Cheese restaurants, closed at $33.62, down 7 cents compared with the previous week's close of $33.69. CEC traded at a 52-week high of $41.79 in April 2010 and a 52-week low of $25.18 in October 2009.

California Pizza Kitchen closed at $17.41 on October 22, down 29 cents from the previous week's close of $17.70. CPKI traded as high as $22.92 in April 2010 and as low as $12.29 in December 2009.

Pizza Inn closed at $1.93 on October 22, up 7 cents from the previous week's close of $1.86. PZZI traded at a 52-week high of $2.20 in April 2010 and a 52-week low of $1.50 in December 2009.

*Photo by Adam Kuban.  


Topics: CiCi's Pizza , Little Caesars , Operations Management , Papa John's , Pizza Hut , Pizza Inn


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