The cost of this premium cut of beef is influenced by several factors, including weight, grade (e.g., USDA Prime, Choice, Select), whether it’s purchased whole or pre-cut (e.g., filets, steaks), and the vendor (e.g., butcher shop, supermarket, online retailer). Typically, prices are quoted per pound, and can vary significantly based on these factors. For example, a whole, untrimmed tenderloin might be less expensive per pound than individually packaged filet mignon steaks from a high-end butcher.
Understanding the market price for this prized cut helps consumers make informed purchasing decisions. It allows for accurate budgeting and comparison shopping across different vendors. Historically, this cut has been considered a luxury item due to its tenderness and delicate flavor, resulting in generally higher prices compared to other cuts of beef. Knowing the market value empowers consumers to assess the relative value being offered and to avoid overpaying.
