Wheat prices on the rise

 
July 10, 2011 | by Cherryh A. Butler

Cheese

Average block cheese prices dropped two cents last week on the Chicago Mercantile Exchange to $2.11. The previous week's average was $2.13.

Cheese prices closed at $2.12 Tuesday and dropped to $2.11 Wednesday, staying there through Friday.

Wheat

Wheat prices have finally come up after steadily dropping the past several weeks. Last week's average on the Minneapolis Grain Exchange was $8.54, a 20-cent increase from the previous week's $8.34. It was $9.37 two weeks ago.

Wheat closed at $8.69 Tuesday, $8.63 Wednesday, $8.53 Thursday and $8.31 Friday.

Gasoline and diesel fuel

Monday's nationwide average for regular unleaded gasoline was $3.63, a 7-cent increase over last week's $3.56, according to AAA and the Oil Price Information Service.

Prices are also down from $3.71 a month ago, but remain a dollar higher than last year, when consumers were paying $2.71 at the pump.

Mid-range unleaded is $3.76, a 6-cent increase from last week's price, while today's premium unleaded price is $3.86, a 3-cent increase over last week.

The nationwide average for diesel fuel is $3.91, slightly higher than last week's price of $3.90. 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 down overall for the week, some by more than 10 cents per million Btu (MMBtu). The Henry Hub price decreased 6 cents per MMBtu over the week (1.4 percent) to close at $4.34 per MMBtu on July 6.

Pizza company stocks

Pizza Hut parent Yum! Brands Inc dropped to $55.85 after hitting a 52-week high last week when shares were $56.72. Yum! traded at a 52-week low of $38.53 in July 2010.

Domino's hit a 52-week high for third week in a row as it finished at $26.07, up from last week's $25.64. Shares are also substantially higher over this time last year when the company traded as low as $12.21 in July 2010.

Papa John's dropped again this week coming in at $31.91, down from last week's $32.37. The company hit its 52-week high five 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, is down nearly a dollar from last week's 52-high of $42.18. It closed Friday at $41.46. CEC traded as low as $30.44 in August 2010.

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

Pizza Inn jumped to $3.26 hitting a new 52-week high for fourth week in a row. It finished at $3.08 last week, $2.82 and $2.50 the previous weeks, respectively. It traded as low as $1.77 in May 2010.


Topics: California Pizza Kitchen , Cheese , Chuck E. Cheese's Pizza , Domino's Pizza , Equipment & Supplies , Food & Beverage , Franchising & Growth , Papa John's , Pizza Hut , Pizza Inn


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

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