Commodities: Pizza stocks see declines

Commodities: Pizza stocks see declines

While prices for commodities were mixed this past week, it was rough for pizza trading. Stock prices for each of the four brands monitored by this site — Pizza Hut, Papa John's, Papa Murphy's and Domino's — declined.


The price of cheese has dropped after climbing for the past couple weeks. It closed Friday at $1.54, down 6 cents from last week's $1.59.


Compared to last week, cash bids for wheat were mixed.

Kansas City US No. 1 Hard Red Winter, ordinary protein rail bid was 3 1/2 to 47 1/2 cents lower from $5.41-6 per bushel.

Kansas City US No. 2 Soft Red winter rail bid was not quoted.

St. Louis truck US No. 2 Soft Red Winter terminal bid was 27 to 30 cents higher from $4.45-4.67 per bushel.

Minneapolis and Duluth US No. 1 Dark Northern Spring 14 to 14.5 percent protein rail, was 2 1/2 cents lower to 2 ½ cents higher from $7.38-7.68 per bushel.

Portland US Soft White wheat rail was steady to 2 1/4 cents lower from $5.40-5.65 3/4 per bushel.

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Natural gas

Natural gas spot prices rose at most locations this report week (Wednesday, March 14 to Wednesday, March 21). The Henry Hub spot price rose from $2.66/MMBtu last Wednesday to $2.70/MMBtu yesterday.

At the New York Mercantile Exchange (Nymex), the April 2018 contract price fell 9 cents from $2.731/MMBtu last Wednesday to $2.638/MMBtu Friday.

Net withdrawals from working gas totaled 86 Bcf for the week ending March 16. Working natural gas stocks are 1,446 Bcf, which is 32 percent lower than the year-ago level and 19 percent lower than the five-year (2013–17) average for this week.

The natural gas plant liquids composite price at Mont Belvieu, Texas, rose by 19 cents, averaging $7.26/MMBtu for the week ending March 21. The price of butane and isobutane fell by 1 percent and 2 percent, respectively. The price of ethane and propane rose by 4 percent and 6 percent, respectively. The price of natural gasoline remained flat week over week.

According to Baker Hughes, for the week ending Tuesday, March 13, the natural gas rig count increased by 1 to 189. The number of oil-directed rigs rose by 4 to 800. The total rig count increased by 6, and it now stands at 990 — the highest level since April 2015.

Pizza company stocks

Domino's, which had been sailing up in value until two weeks ago, dropped in price over the trading week to close Friday at 226.65, down from the previous week's close of $229.79 and $230.26 the week before.

PapaJohn's, too, decreased for the second week in a row. It ended the week at $56.63 down from $59.01 last week, which had dropped $2.81 from the previous week's close.  

Pizza Hut and its parent company, Yum Brands, also hit a bump ending the week at $81.68, down from last week's $83.50.

The news wasn't any better for Papa Murphy's, which closed the week at 5.46, 6 cents shy of the previous week's $5.50.

Cover photo: iStock

Topics: Trends / Statistics

Companies: Papa John's, Papa Murphy's, Yum! Brands, Domino's

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