Steak lovers rejoice!  A 12oz cut of has been “discovered” and reportedly tastes just as good as a New York Strip.

Jacob Nelson, a meat specialist at Oklahoma State University, says he found an "undervalued" cut of meat that has been dubbed The Vegas strip.

He joined forces with self-proclaimed meat geek and consultant Tony Mata, of industry group Mata & Associates, who approached Nelson for help developing the cut, and last month the Vegas Strip was unveiled to the public at the Protein Innovation Summit in Chicago, says Gizmodo..

“Initially, the cut was labeled as undervalued,” Mata told the Drovers Cattle Network. “Whenever we can take a muscle and turn it into a steak rather than grinding it or selling it as a roast, we are adding value to the carcass.”

Chef Rick Gresh of David Burke’s Primehouse at the James Hotel in Las Vegas prepared the new cut for a private dinner at the Trump International Hotel in Chicago.

Beyond taste, this cut of beef oddly also comes with intellectual property rights, with its own licensing and a patent on the cut's fabrication.

According to the Gizmodo report, Mata has arranged for distribution, so maybe you'll get a chance to taste the Vegas Strip.  Let us know what you think.