CHICAGO — Block cheese prices were relatively flat last week on the Chicago Mercantile Exchange, with prices averaging just above $1.13 per pound for the trading week ended May 22, off a penny from the previous week.
Block cheese prices closed at just above $1.13 per pound Monday, Tuesday, Wednesday and Thursday and closed at $1.14 per pound on Friday.
Prices are off 92 cents, or 45 percent, compared with this time last year, when block cheese averaged $2.05 per pound.
Wheat for July delivery closed at $7.45 per bushel Friday on the Minneapolis Grain Exchange, up 40 cents from the previous Friday's close. Wheat had closed at $7.19 per bushel Monday, just above $7.13 per bushel Tuesday, just above $7.25 Wednesday and just above $7.26 per bushel on Thursday.
Gasoline and diesel fuel
The nationwide average for regular unleaded gasoline was $2.42 per gallon May 25, according to AAA and the Oil Price Information Service, up 11 cents from the previous week.
Prices are up 18 percent from an average of $2.05 per gallon a month ago and off 38 percent from an average of $3.93 per gallon this time last year. Mid-range unleaded averaged $2.58 per gallon while premium unleaded stood at $2.67 per gallon.
The nationwide average price for diesel fuel stood at $2.32 per gallon May 25, up 3 cents from last week. Diesel prices are off 51 percent from an average of $4.75 per gallon this time last year.
Natural gas prices fell at most trading locations last week because of mild weather as well as continued weakness in the economy. Declines ranged between 37 cents per million Btu in the Northeast to 90 cents per MMBtu in the Rocky Mountains.
The Henry Hub spot price fell by 67 cents during the week to $3.75 per MMBtu.
Pizza company stocks
Shares in Pizza Hut parent Yum! Brands Inc. opened at $34.00 on May 26, up 46 cents last Monday's open. YUM traded at a 52-week high of $40.25 in May 2008 and a 52-week low of $21.50 in November 2008.
Domino's opened at $8.31, up 8 cents compared with last week's open of $8.23. Over the past 52 weeks, DPZ has traded as high as $14.20 in May 2008 and as low as $2.61 in November 2008.
Papa John's stock opened at $25.85, off 6 percent compared with last Monday's open of $27.37. PZZA traded at a 52-week high of $30.68 in September 2008 and a 52-week low of $12.78 in November 2008.
Shares in CEC Entertainment Inc., parent company of Chuck E. Cheese restaurants, opened at $29.04, off 8 percent compared with last Monday's open of $31.58. CEC traded at a 52-week high of $39.59 in May 2008 and a 52-week low of $12.96 in November 2008.
California Pizza Kitchen opened at $12.41 on May 26, off 9 percent compared with last week's open of $13.64. Over the past 52 weeks, CPKI has traded as high as $17.44 in mid-April and as low as $5.24 in November 2008.
Pizza Inn opened at $1.45, off 3 cents compared with last Monday's open of $1.48. PZZI traded at a 52-week high of $2.72 in October 2008 and a 52-week low of 98 cents in April 2009.