The price of this premium beef cut is typically determined by its grade (e.g., Choice, Prime) and the specific vendor. Factors such as bone-in versus boneless, and the butcher’s preparation can also influence cost. For example, a standing rib roast, which includes several ribs, will have a different price per pound than a single ribeye steak cut from the same rib section.
Understanding the cost per pound allows consumers to budget effectively and compare value across different retailers and cuts. Historically, prime rib has been considered a special occasion dish due to its rich marbling and tender texture, making price awareness particularly relevant for celebratory meals. Knowing the market price empowers consumers to make informed decisions and select the best option for their needs and budget.