Hanging tenderloin, also known as the hanger steak, is a cut from the upper belly. In the past it was sometimes known as "butcher's steak", because butchers would often keep it for themselves rather than offer it for sale. This is because the general populace believed this to be a crude cut of meat, although it is actually one of the most tender.

USDA Choice is the second highest rating beef can have - it has slightly less marbling than Prime beef, but the same delicious flavor and tenderness.