Jono and Mr. Voodoo himself George Francisco let you in on the cut that butchers have been hiding for years! But not us! We want to share this rare, flavourful, highly understated cut with you. More commonly known as the Butchers steak, the Hanger steak is a cut that traditionally butchers would keep for themselves. The hanger steak hangs from the last rib, hence the name. When cuts of meat are taken from an animal, there are always two or more of the same cut, but what makes this the hanger steak unique is that there is only one on each animal. Despite its rarity, it's a cut that doesn't come with a hefty price tag.