Wheat shatters the $9 mark

 
Jan. 23, 2011 | by Alicia Kelso

Cheese

Average block cheese prices continued to climb last week on the Chicago Mercantile Exchange, coming in at an average of $1.51, up from $1.47 the previous week.

Block cheese prices closed at $1.52 Tuesday, $1.50 Wednesday and Thursday, and $1.52 Friday.

Cheese prices remain down from last year, when they averaged $1.63 per pound.

Wheat

Wheat prices broke the $9 mark and showed no signs of turning back, averaging $9.18 last week on the Minneapolis Grain Exchange.

Wheat closed at $9.06 Tuesday, $9.11 Wednesday, $9.20 Thursday and $9.37 Friday. 

Gasoline and diesel fuel

The nationwide average for regular unleaded gasoline is $3.11, up from $3.09 the previous week, according to AAA and the Oil Price Information Service.

Prices also are up from a month ago, when they were $3.03, and from this time last year, when consumers were paying $2.71 at the pump.

Mid-range unleaded currently averages $3.30, while premium unleaded Monday was $3.42.

The nationwide average for diesel fuel stood at $3.42, a 5 cent jump from $3.37 per gallon last week. Diesel prices also remain up from $3.28 a month ago, and from $2.89 a year ago.

Natural Gas

Natural gas prices fell at most market locations across the country, as bitterly cold weather subsided. At the Henry Hub, the natural gas price fell 7 cents from $4.55 per million Btu (MMBtu) Jan. 12, to $4.48 per MMBtu Jan. 19.

Pizza company stocks

Shares in Pizza Hut parent Yum! Brands Inc. closed at $48.27 last week, boosted a bit by news of its intention to sell Long John Silver’s and A&W brands. Yum! closed at $47.84 the week prior. The company traded at an all-time 52-week high of $52.47 in November 2010, and a 52-week low of $32.49 in February 2010.

Domino’s closed at $16.67 Friday, down slightly from its $17.16 closing a week prior; the company’s 52-week high. Domino’s traded as low as $10.64 in February 2010.

Papa John's stock closed at $28.84, Jan. 21, up from its $28.71 closing Jan. 14 and matching its 52-week high previously hit in May 2010. PZZA traded at a 52-week low of $21.77 in February 2010.

Shares in CEC Entertainment Inc., parent company of Chuck E. Cheese restaurants, closed at $37.59 Jan. 21, a big drop from its $39.48 closing Jan. 14. CEC traded at a 52-week high of $41.79 in April 2010, and a 52-week low of $30.84 Aug. 13, 2010.

California Pizza Kitchen slipped to $16.31 Jan. 21 from its $16.73 closing Jan. 14. CPKI traded as high as $22.92 in April 2010, and as low as $13.19 in July 2010.

Pizza Inn turned in at $1.98 Jan. 21, an increase from its $1.92 closing the week prior. PZZI traded at a 52-week high of $2.20 in April 2010, and a 52-week low of $1.55 in January 2010.

Photo provided by Pikturewerk.


Topics: Business Strategy and Profitability , California Pizza Kitchen , Chuck E. Cheese's Pizza , Domino's Pizza , Operations Management , Papa John's , Pizza Hut , Pizza Inn


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

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