News
Commodities update -- Week of Dec. 14, 2009
December 13, 2009
Cheese Block cheese closed at $1.70 every day last week. Prices are up 2 cents, or 1 percent, compared with this time last year, when block cheese averaged just under $1.68 per pound. Wheat Wheat for December delivery closed at $5.28 per bushel Friday on the Minneapolis Grain Exchange, off 20 cents from the previous week's close of $5.48. Prices for wheat for December delivery closed at $5.39 per bushel Monday, $5.34 per bushel Tuesday, $5.31 per bushel Wednesday and $5.30 per bushel Thursday. Gasoline and diesel fuel The nationwide average for regular unleaded gasoline was $2.60 per gallon Dec.14, according to AAA and the Oil Price Information Service, off 3 cents from the previous week. Prices are down 2 percent from an average of $2.64 per gallon a month ago and up 36 percent from an average of $1.66 per gallon this time last year. Mid-range unleaded currently averages $2.77 per gallon while premium unleaded stands at $2.86 per gallon as of Dec. 14. The nationwide average price for diesel fuel stands at $2.80 per gallon Dec. 14, down 2 cents last week. Diesel prices are up 10 percent from an average of $2.55 per gallon this time last year. Natural gas Natural gas spot prices increased at all trading locations in the lower 48 states since Wednesday, Dec. 2, according to the Energy Information Administration. The Henry Hub price rose by 60 cents, or almost 13 percent, to $5.27 per million Btu (MMBtu) on the week. Pizza company stocks Shares in Pizza Hut parent Yum! Brands Inc. closed at $34.30 on Dec. 11, down 83 cents compared with the previous week's close of $35.13. YUM traded at a 52-week high of $36.96 in June 2009 and a 52-week low of $23.37 in March 2009. Domino's closed at $7.66, up 8 cents compared with the previous Friday's close of $7.58. Over the past 52 weeks, DPZ has traded as high as $10.07 in June 2009 and as low as $4.01 in December 2008. Papa John's stock closed at $21.47, down 57 cents compared with the previous Friday's close of $22.04. PZZA traded at a 52-week high of $29.25 in May 2009 and a 52-week low of $15.31 in January 2009. Shares in CEC Entertainment Inc., parent company of Chuck E. Cheese restaurants, closed at $30.09, up 19 cents compared with the previous week's close of $29.90. CEC traded at a 52-week high of $34.77 in July 2009 and a 52-week low of $19.29 in March 2009. California Pizza Kitchen closed at $12.66 on Dec. 11, up 16 cents compared with the previous week's close of $12.50. CPKI has traded as high as $17.44 in mid-April and as low as $8.03 in January 2009. Pizza Inn closed at $1.62 on Dec. 11, up 8 cents from the previous week's close of $1.54. PZZI traded at a 52-week high of $2.25 in June 2009 and a 52-week low of 98 cents in April 2009.
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