Article

Commodities: Cheese, wheat, gas prices fall again

The prices for cheese, wheat and gas continue to decrease. Details are below.

October 26, 2015 by Travis Wagoner — Editor, Networld Media Group

Cheese

Average block cheese prices dropped last week on the Chicago Mercantile Exchange. Prices were $1.65 Monday, $1.63 Tuesday, $1.61 Wednesday, $1.61 Thursday and $1.61 Friday. The previous week's prices were $1.70 Monday, $1.69 Tuesday, $1.69 Wednesday, $1.68 Thursday and $1.66 Friday.

Wheat

Wheat prices dropped last week to $5.08 on the Minneapolis Grain Exchange, down from $5.12 the previous week.

Gasoline and diesel fuel

Monday's nationwide average for regular unleaded gasoline decreased to $2.20, down from $2.26 the previous week, according to AAA and the Oil Price Information Service.

Prices are down from $2.29 a month ago, and are significantly lower than this time last year, when consumers were paying $3.05 at the pump.

Mid-range unleaded is down 5 cents from $2.53 to $2.48, while Monday's premium unleaded price was $2.70, down 5 cents from last week.

The nationwide average for diesel fuel decreased to $2.50, down 2 cents from $2.52 last week. Diesel prices were also $2.50 a month ago, and are more than $1 down from a year ago, when prices were $3.62.

Natural gas

Natural gas prices fell at most market locations during the report week (Wednesday, Oct. 14, to Wednesday, Oct. 21). The Henry Hub spot price fell 8 cents from $2.44 per million British thermal units last Wednesday to $2.36/MMBtu yesterday.
 
At the New York Mercantile Exchange, the price of the near-month (November 2014) futures contract fell by 11cents from $2.518/MMBtu last Wednesday to $2.404/MMBtu Sunday.

Pizza company stocks

Shares in Pizza Hut parent Yum! Brands Inc. closed Friday at $72.89, up from last week's $72.16.

Domino's finished last week at $104.10, more than $2 down from last week's $106.17.

Papa John's closed Friday at $70.54. It came in at $70.35 the previous week.

Shares in Papa Murphy's have dropped for the past several weeks, closing at 13.62, down from last week's $13.99. Four weeks ago it closed at $14.17.

About Travis Wagoner

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Travis Wagoner spent nearly 18 years in education as an alumni relations and communications director, coordinating numerous annual events and writing, editing and producing a quarterly, 72-plus-page magazine. Travis also was a ghostwriter for an insurance firm, writing about the Affordable Care Act. He holds a BA degree in communications/public relations from Xavier University.