Lots of guys it seems save the hickory/American shad they catch for cut bait. I put some in the freezer myself. Do you use it after the shad are done running? And do you use it for any saltwater species?
I always liked shad for cut bait for Cats, it's just not easy to get after the run. It is oiler than bream so carries more scent in the water. As far as saltwater I don't know but I would think a Drum would eat it.