Wheat back up after last week's dip

 
Aug. 29, 2010 | by Jennifer Litz

Cheese

Block cheese prices stayed flat last week on the Chicago Mercantile Exchange, averaging just under $1.67 per pound, up 4 cents from last week.

Cheese prices are up 21 percent compared with last year, when they averaged $1.38 per pound.

Wheat

Wheat is trending in the solid $7 range again, fueling concern of runaway futures prices in the wake of a Russian ban on grain exports.

Prices for wheat on the Minneapolis Grain Exchange closed at $7.07, a 7-cent increase from $7 the previous Friday.

Wheat prices closed at just under $7.16 on Monday, $7.05 on Tuesday, $6.90 per bushel Wednesday, and $7 per bushel Thursday.

Gasoline and diesel fuel

The nationwide average for regular unleaded gasoline was $2.68 per gallon Aug. 30, according to AAA and the Oil Price Information Service, down 3 cents from the previous week’s average of 2.71. Prices are relatively flat from $2.74 per gallon a month ago and up 3 percent from an average of $2.61 per gallon this time last year. Mid-range unleaded currently averages $2.84 per gallon while premium unleaded as of August 30 stood at $2.95 per gallon.

The nationwide average price for diesel fuel stood at $2.95 per gallon August 27, down 1 percent from the previous week. Diesel prices are up 9 percent from an average of $2.70 per gallon this time last year.

Natural gas

Since August 18, natural gas spot prices fell at most markets across the lower 48 states, according to the Energy Information Administration. Although a majority of markets posted declines of as much as $1.36 per million Btu (MMBtu), select western market locations posted relatively narrow gains on the week. The Henry Hub natural gas spot price fell $0.36 per MMBtu, or about 8 percent, averaging $3.99 per MMBtu in trading August 25, falling below $4 per MMBtu for the first time since May 7.

Pizza company stocks

Shares in Pizza Hut parent Yum! Brands Inc. closed at $42.32 on Aug. 27, flat compared with the previous week's close. Yum! traded at a 52-week high of $44 in April 2010 and a 52-week low of $32.49 in October 2009.

Domino's closed at $12.86, down 22 cents compared with the previous Friday's close of $13.08. DPZ traded as high as $16.32 in April 2010 and as low as $7.09 in August 2009.

Papa John's stock closed at $24.10, up 13 cents compared with the previous Friday's close of $23.97. 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 $31.79, up 23 cents compared with the previous week's close of $31.56. CEC traded at a 52-week high of $41.79 in April 2010 and a 52-week low of $24.69 in October 2009.

California Pizza Kitchen closed at $15.27 on Aug. 27, down 13 cents from the previous week's close of $15.40. CPKI traded as high as $22.92 in April 2010 and as low as $12.29 in December 2009.

Pizza Inn closed at $1.87 on Aug. 27, down 13 cents from the previous week's close of $12. PZZI traded at a 52-week high of $2.20 in April 2010 and a 52-week low of $1.50 in December 2009.

 

 


Topics: Food & Beverage , Operations Management


Related Content


Latest Content


comments powered by Disqus

 

TRENDING

 

WHITE PAPERS