Unwrap and chop the Strawberry Cow Tales® in to peanut-sized bits and set aside.
Line a cookie sheet with wax paper and set aside.
Preheat your oven to 200 degrees.
Melt butter in a medium saucepan. Stir in the sugar until it melts. Stir in the corn syrup, followed by the Strawberry gelatin mix. Bring the mixture to a boil over the lowest possible heat setting. Stirring frequently, allow the mixture to boil for 5 minutes.
Remove the sauce from the heat and pour half over the popcorn. Toss the popcorn, then add the remainder of the mixture, and toss the popcorn again. Spread the popcorn on cookie sheet, sprinkle the Strawberry Cow Tales® bits on top.
In a medium saucepan over medium-low heat, melt the second stick of butter. Stir in the marshmallows until they melt. Pour the marshmallow mixture over the popcorn and bake for 15 minutes.
Remove and toss the popcorn. Bake for another 15 minutes. Remove and toss the popcorn. Bake for another 15 minutes. Remove and toss the popcorn. Let the popcorn cool for 10 minutes and toss again. The popcorn will stick together as it cools. Break apart any clumps and continue to toss, as needed, to prevent the candy coating from settling to the bottom of the pan. Serve when completely cool.