News
Commodities update - Week of Sept. 28, 2009
September 27, 2009
Block cheese prices on the Chicago Mercantile Exchange rose to their highest levels in nearly 10 months last week, averaging slightly above $1.39 per pound last week, up 2 cents from the previous week. Block cheese closed at just under $1.36 per pound Monday, $1.38 per pound Tuesday, just under $1.40 per pound Wednesday and Thursday and just above $1.41 per pound on Friday.
Friday's price was the highest close for block cheese since Dec. 17, 2008 Prices are off 58 cents, or 29 percent, compared with this time last year, when block cheese averaged $1.97 per pound. Wheat Wheat for December delivery closed at just under $4.88 per bushel Friday on the Minneapolis Grain Exchange compared with the previous week's close of $4.77 Prices for wheat for December delivery closed at just above $4.93 per bushel on Monday, just under $4.91 per bushel on Tuesday, just under $4.90 per bushel Wednesday and just above $5 per bushel Thursday. Gasoline and diesel fuel The nationwide average for regular unleaded gasoline was $2.50 per gallon Sept. 28, according to AAA and the Oil Price Information Service, off 5 cents from the previous week. Prices are off 4 percent from an average of $2.61 per gallon a month ago and off 32 percent from an average of $3.66 per gallon this time last year. Mid-range unleaded averaged $2.65 per gallon while premium unleaded stood at $2.75 per gallon. The nationwide average price for diesel fuel stood at $2.64 per gallon Sept. 28, off 2 cents from last week. Diesel prices are off 36 percent from an average of $4.10 per gallon this time last year. Natural gas Natural gas prices posted across-the-board increases at both the spot and futures markets last report week, according to the Energy Information Administration. Spot prices rose at almost all market locations in the lower 48 States, with increases ranging between 2 and 23 cents per million Btu. The price at the Henry Hub spot market rose to $3.43 per MMBtu, increasing by 15 cents or about 5 percent.
Pizza company stocks Shares in Pizza Hut parent Yum! Brands Inc. closed at $32.50 on Sept. 25, off $2.24 compared with the previous week's close of $34.74. YUM traded at a 52-week high of $36.96 in June 2009 and a 52-week low of $21.50 in November 2008. Domino's closed at $8.73, off 18 cents compared with the previous Friday's close of $8.91 Over the past 52 weeks, DPZ has traded as high as $12.53 in September 2008 and as low as $2.61 in November 2008. Papa John's stock closed at $24.42, off 38 cents compared with the previous Friday's close of $24.80. PZZA traded at a 52-week high of $29.25 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, closed at $26.12, off $2.42 compared with the previous week's close of $28.54. CEC traded at a 52-week high of $35.72 in September 2008 and a 52-week low of $12.96 in November 2008. California Pizza Kitchen closed at $15.51 on Sept. 25, off $1.09 compared with the previous week's close of $16.60. CPKI has traded as high as $17.44 in mid-April and as low as $5.24 in November 2008. Pizza Inn closed at $1.70 on Sept. 25, off 10 cents compared with the previous week's close of $1.80. PZZI traded at a 52-week high of $2.72 in October 2008 and a 52-week low of 98 cents in April 2009.
Pizza InnPizza SaucePizza ToppingsChuck E. Cheese's PizzaCalifornia Pizza KitchenPublic CompaniesCheeseDomino's PizzaDoughPapa John'sPizza HutOperationsDelivery
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