The most common and most likely answer to this crossword clue is the 9 letter word BEEFSTEAK
I've seen this crossword clue in Financial Times
B
E
E
F
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T
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A
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More clues leading to the result BEEFSTEAK
Buddy explains!

The straight part
We know that "Cut" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case cut = beefsteak.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does BEEFSTEAK mean?
BEEFSTEAK noun- (A) steak cut from beef cattle.
- Ellipsis of beefsteak plant, also known as perilla and shiso (Perilla frutescens var. crispa).
- : A celebratory dinner, commonly held in New York between about 1870 and 1940 involving the consumption of enormous quantities of broiled steak and beer.
- Fistulina hepatica (an edible fungus)
- Gyromitra esculenta (a potentially fatally poisonous fungus that is a delicacy)
- A type of large tomato