So its not a total waste..

"Players with 300 or higher cooking have a chance to find a Waterlogged Recipe in the Bag of Fishing Treasures awarded by the Northrend fishing dailies. This item can be traded to other players and rewards several Dalaran Cooking Rewards when turned in."

Well at least now when i grind for my turtle mount it won't be completely wasting my time.. i may be able to make a couple more gold....