Prices of cheese, wheat down

 
July 17, 2011 | by Cherryh A. Butler

Cheese

Average block cheese prices dropped 6 cents last week on the Chicago Mercantile Exchange to $2.05. The previous week's average was $2.11.

Cheese prices closed at $2.10 Monday, 2.06 Tuesday, $2.03 Wednesday, $2 Thursday and $2.06 Friday.

Wheat

Wheat prices came in at $8.24 last week on the Minneapolis Grain Exchange, a 30-cent drop from last week’s $8.54. The decrease comes after last week’s 20-cent increase from the previous week’s $8.34.

Wheat closed at $8.14 Tuesday, $8.11 Wednesday, $8.21 Thursday and $8.84 Thursday and $8.24 Friday.

Gasoline and diesel fuel

Monday's nationwide average for regular unleaded gasoline was $3.68, a 5-cent increase over last week’s $3.63, according to AAA and the Oil Price Information Service.

Prices are also up from $3.66 a month ago, and remain much higher than last year, when consumers were paying $2.72 at the pump.

Mid-range unleaded is $3.80, a 4-cent increase from last week’s price of $3.76, while today's premium unleaded price is $3.92, a 6-cent increase over last week’s $3.86.

The nationwide average for diesel fuel is $3.94, 3 cents higher than last week’s price of $3.91. Although diesel prices are down from $3.98 a month ago, they remain up from $2.95 a year ago.

Natural Gas

Nearly all pricing points were up somewhat for the week on a heat wave that affected nearly half the country’s population, according to national news reports. Despite the record heat, the Henry Hub price increased a modest 9 cents per million Btu (MMBtu) over the week (2.0 percent) to close at $4.43 per MMBtu on July 13.

Pizza company stocks

Pizza Hut parent Yum! Brands Inc. dropped to $55.12 from last week’s $55.85. The company hit its 52-week high two weeks ago when shares were $56.72. Yum! traded at a 52-week low of $38.53 in July 2010.

Domino's trend of hitting 52-week highs several weeks in a row came to an end as shares dropped to $25.31 this week, down from $26.07. Shares are still substantially higher over this time last year when the company traded as low as $12.21.

Papa John's dropped again this week, coming in at $31.59, down from last week’s $31.91. The company hit its 52-week high six weeks ago at $34.12. Papa John's traded at a 52-week low of $22.78 in July 2010.

Shares in CEC Entertainment Inc., parent company of Chuck E. Cheese restaurants, fell for the second week in a row. It closed Friday at $41.07. Its 52-week high was two weeks ago when shares were $42.18. CEC traded as low as $30.44 in August 2010.

California Pizza Kitchen closed at $18.51, up 4 cents from $18.47 the previous week. CPKI traded as high as $20.79 in May 2010 and as low as $13.19 in July 2010.

Pizza Inn dropped to $2.85, bringing its four weeks of new highs to an end. It finished the previous week at $3.26. It traded as low as $1.77 in May 2010.

 


Topics: Cheese , Dough , Trends / Statistics


Cherryh A. Butler / Cherryh Butler has been a reporter for nearly 10 years, writing on a variety of topics ranging from the restaurant industry to business and health and fitness news. Before joining FastCasual.com as editor, she oversaw KioskMarketplace.com and PizzaMarketplace.com and contributed to RetailCustomerExperience.com. She's also written for several daily newspapers, magazines and websites, including The Kansas City Star and American Fitness magazine.
www View Cherryh A. Butler's profile on LinkedIn

Related Content


Latest Content


comments powered by Disqus

 

TRENDING

 

WHITE PAPERS