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The rarest steak in the world can cost over $300. Here's why wagyu beef is so expensive.

The rarest steak in the world can cost over $300. Here's why wagyu beef is so expensive.

Wagyu beef from Japan is the most prized beef in the world. One cow can be sold for $30,000 and the rarest steaks can cost from $120 to over $300.

BUSINESS INSIDERJack Houston, Irene Anna KimJan 7, 2021

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Wagyu Beef vs. American Kobe Beef

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