The most common and most likely answer to this crossword clue is the 6 plus 4 letter word MUTTON CHOP
I've seen this crossword clue in The Times
M
U
T
T
O
N
C
H
O
P
More clues leading to the result MUTTON CHOP
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 = mutton chop.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.