5 of 9
BACK NEXT
Kobe beef
Kobe beef
Estimated price per pound: $150 and up

Kobe beef is renowned among carnivores for its rich flavor and melt-in-your-mouth texture. You'll find it at pricey steakhouses and sushi restaurants, and also at some butchers and online retailers, where a four-ounce filet mignon might set you back $50. Kobe beef, also known as "Wagyu," comes from Wagyu cattle raised in the Hyogo region of Japan. Increasingly, you'll also find "American Kobe," a more affordable alternative that is produced by American ranchers raising Wagyu cattle domestically.

Morgan Ranch, in Burwell, Neb., started raising Wagyu in 1992. Co-owner Dan Morgan explains: "Wagyu are genetically selected for eating quality - marbleizing, tenderness, juiciness, and flavor"- as opposed to other characteristics such as hardiness, fast growth, or milk production. He compares Wagyu meat to fine wine: it's a specialty item for discriminating palates.

Joe Lazzara, owner of Joe's Butcher Shop in Carmel, Ind., carries both the Japanese and American varities, and a Kobe steak costs about $110 per pound, while a similar cut of American Kobe goes for about half that.

For Lazzara, selling Kobe beef is a mark of prestige. "Carrying Kobe says we're the kind of purveyor who knows about meat; it gives us credibility. If we're knowledgeable about Kobe beef, just imagine everything else we must know."

And once a customer's purchased a prime cut, how should he cook it? "Carefully," Lazzara advises. "Sear it at a high temperature, then finish it on low heat. The fat melts and coats the meat with flavor as you cook it."

NEXT: Civet coffee, aka kopi luwak

LAST UPDATE: Jul 23 2008 | 9:40 AM ET
Sponsored by
More Galleries
San Francisco: The best city to make things From electric motorcycles to death shrouds, San Francisco's manufacturing sector is booming. More
6 designers shaking up fashion These designers are changing the way we dress, accessorize and shop, from custom made-to-fit dresses to smart jewelry that's actually stylish. More
8 must-have travel apps Whether you've got wanderlust or an airline grievance, here are some apps to pack onto your phone. More

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.