Because both names connote some of the fanciest possible cuts of beef on the market, folks may confuse Wagyu and Kobe beef, but the distinction is simple. Solares explains, "All Kobe is Wagyu ...

There's steak. Then there's Wagyu. And then, at the very tippity top of Wagyu, there's Kobe beef...the greatest of them all.

In 2002, one Matsusaka cow sold for 50 million yen, or roughly $400,000. However, the best-known cut of wagyu is Kobe beef, which comes from the city of Kobe in Hyogo Prefecture and is made ...