Preheat the oven to 250 degrees F (120 degrees C).
Combine wheat cereal squares, oat cereal, pretzels, crackers, sunflower seeds, and nuts in a large bowl. Set aside.
Combine butter, honey, Worcestershire sauce, salt, cayenne pepper, chili powder, garlic powder, and onion powder in a small saucepan and over medium-low heat. Mix until butter is melted and spices are blended in smoothly. Pour seasoned butter over dry mixture and stir until well combined. Spread out onto a large baking sheet.
Bake in the preheated oven for 1 hour, stirring every 15 minutes. Let cool completely.
Mix in dried cherries and smoked beef stick pieces.