A knife for a cutting wheel provided to slice food products including a knife holder having a recessed portion located along a leading side thereof, a clamp secured to the knife holder, and a cutting blade mounted between the clamp and knife holder along the leading side of the knife holder. A replaceable insert member with a wear surface is positioned within the recess of the knife holder, and this insert member is contiguous with the cutting blade and protrudes from the knife holder to provide a substitute leading edge therefore in close apposition to the cutting blade.