These grades are determined by the USDA, and there's eight in total, but the other five are less common. Not all beef is graded — it's a voluntary service that producers have to pay for.

And does it always matter which grade you buy? Here’s a quick guide to what beef grades really mean. USDA beef graders inspect beef to assess its safety and grade its quality. A quality grading ...

HIgher wholesale beef prices spur increase in live prices, reflecting ground beef demand. See other USDA market forecasts for this year.