This is an unusual and relatively uncommon member of the Polyporales called Abortiporus biennis, or the 'Blushing Rosette'. It is in the Meruliaceae family. It feeds on buried wood (roots, stumps) of dead deciduous trees and occasionally of conifers. It can also parasitize the roots of living trees. It eventually can develop a more typical-appearing rosette of caps and stems, but initially takes on several lumpy forms. It should ooze red droplets when the flesh is squeezed. It is not edible.