20 ribeyes for $40 worth it

Traveling steak sellers are offer Ribeyes for $2 each. How good are they? We put them to the test.

Many of us love a good steak. But steak is expensive, with filet mignon selling for as much as $25 a pound in grocery stores.

So several traveling steak sales that are pulling into parking lots across the country are luring lots of budget-conscious shoppers.

The ads, and the sign on the tent, advertise 20 ribeyes for just $40.

WCPO

What you get when you visit the sale

We wanted to find out what kind of steak you can get for two bucks these days.

So we walked into the tent, where we were immediately pitched a lot more than just a $40 box of ribeyes.

A salesman tried to sell us $300 worth of various frozen steaks, which he then agreed to unload at markdown for just $200, with the $40 ribeyes thrown in free.

But after explaining I only had $40, he finally agreed to sell me a box of 20 small frozen ribeye steaks.

Before leaving the parking lot, we showed our haul to some mall customers.

Jennifer Wright and Shauna Parks were not very impressed.

"It looks like a hamburger patty," Parks said. "This does not look like a steak I'd eat, honestly."

But appearances aside, are they any good?

The grilling test

We decided there was no better way to find out than to go to a good steak and burger place, and have them grill one up.

So we headed to a nearby steakhouse to compare our parking lot ribeye with a $10 supermarket ribeye that we picked up at the grocery store that morning.

Chef Rob Nugent opened the parking lot steak, noting it was "really small and really thin."

Nugent tossed both on the flame, where our thin parking lot steak was dwarfed by the store ribeye.

It cooked in just a couple of minutes.

"That was really fast," Nugent said. The grocery store ribeye took another 5 minutes.

Out in the dining room, I put on my napkin, removed my face mask and dug in.

It tasted like... meat. It was a bit gristly, but edible.

But the grocery store ribeye was juicy, tender and tasty. It looked and tasted like an expensive steakhouse cut by comparison.

WCPO

Who is behind the steak sale?

There is no single seller of these steaks.

Several small companies are running these sales, criss-crossing the country, according to news reports, selling commercial grade steaks sold to schools, prisons, and other places needing inexpensive meat.

We found a number of Better Business Bureau complaints from around the country about the steak show we visited, which appeared to be run out of someone's home in Mississippi.

One complaint said "poor quality meat," another saying "not sure what kind of meat they are."

Several people complained they were having trouble getting a refund after spending $100 or more.

But the label on our box says it is indeed USDA beef, with a 15% tenderizing solution added.

In the end, it's not a rip-off, but is simply a case of you get what you pay for.

Some reviewers say these two-buck ribeyes are an inexpensive way to make cheesesteak sandwiches, or a beef stir fry.

That way you don't analyze them closely, and you don't waste your money.
________________

Don't Waste Your Money" is a registered trademark of Scripps Media, Inc. ("Scripps").

Like" John Matarese Money on Facebook

Follow John on Instagram @johnmataresemoney

Follow John on Twitter (@JohnMatarese)

For more consumer news and money saving advice, go to www.dontwasteyourmoney.com

Copyright 2022 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Sign up for the Breaking News Newsletter and receive up to date information.

How much should I pay for a ribeye?

How much does a 20oz ribeye cost?

How much is ribeye per pound right now?

What is the market price for a 12 oz ribeye?