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This recipe is sometimes also called Standing Rib Beef Roast. Older cookbooks will sometimes instruct you to remove excess fat from the roast. "Excess" fat is any fat more than an inch thick on the roast. Fat is what you need to give the roast flavor and to make it juicy and tender. Prime rib is expensive and you are paying good money for that fat so leave it on. Your butcher should have removed any excess fat.
Inspired by: https://www.simplyrecipes.com/recipes/prime_rib/recipe updated Feb 21, 2022