GITNUX MARKETDATA REPORT 2024

Statistics About The Most Expensive Cuts Of Beef

Statistic 1

"The most expensive cut of beef, a whole Wagyu beef can cost around $3,500 roughly while a cut of Filet Mignon can cost around $190."

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Statistic 2

"The costliest steak, known as Kobe, can cost up to $350 a pound."

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Statistic 3

"The Angus beef price per pound across the U.S. varies from $5 to $30."

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Statistic 4

"Ribeye, one of the priciest cuts of meat, has an average cost of $9.99 per pound."

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Statistic 5

"They are only 3,000 cows qualified as Kobe, making Kobe beef highly exclusive."

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Statistic 6

"Wagyu cattle have a life expectancy of about 30 months, which is significantly longer than most commercial cattle."

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Statistic 7

"Porterhouse, another expensive cut of beef, averages around $11.99 per pound."

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Statistic 8

"Spending on beef in the US in 2020 reached $95.4 billion, marking a rise of 20.9%."

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Statistic 9

"It can take up to 4 years to fully raise a Wagyu cow before it's ready for slaughter."

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Statistic 10

"Prime rib can cost up to $17 per pound, making it one of the more expensive cuts of beef."

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Statistic 11

"T-bones usually cost around $11.99 to $16.99 per pound."

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Statistic 12

"Kobe beef typically costs about $300 per pound in Japan."

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Statistic 13

"Beef tenderloin is one of the expensive cuts costing around $25.99 per pound."

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Statistic 14

"Only 10% of all U.S. beef cuts are graded as prime cuts, the highest quality of beef."

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Statistic 15

"Consumers ate 57 pounds per capita of beef in 2020 in the US."

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Statistic 16

"Filet Mignon can cost between $10 and $25 per pound depending upon the grade of the beef."

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Statistic 17

"A5 grade Japanese Wagyu can cost between $35 to more than $200 per pound."

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Statistic 18

"Only 8 restaurants in the US are certified to sell true Kobe beef."

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Statistic 19

"A 200g filet Mignon cut from a purebred Angus can cost around $51."

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