The most common and most likely answer to this crossword clue is the 5 letter word CHINE
I've seen this crossword clue in The Guardian
C
H
I
N
E
Buddy explains!

The straight part
We know that "Cut of meat" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case cut of meat = chine.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 CHINE mean?
CHINE noun- The top of a ridge.
- The spine of an animal.
- A piece of the backbone of an animal, with the adjoining parts, cut for cooking.
- A sharp angle in the cross section of a hull.
- A hollowed or bevelled channel in the waterway of a ship's deck.
- The edge or rim of a cask, etc., formed by the projecting ends of the staves; the chamfered end of a stave.
- The back of the blade on a scythe.
- To cut through the backbone of; to cut into chine pieces.
- To chamfer the ends of a stave and form the chine.
- (Southern England) A steep-sided ravine leading from the top of a cliff down to the sea.
- To crack, split, fissure, break.