I went to my usual hunting spot (9600’ southern NM) and found an odd fruiting body that I am having a hard time with. There was also one roundish example I harvested to inspect, but it was waterlogged and not much help (felt like a soggy cotton ball).
I was going to photo the mushroom the next morning to note any change but we had 9 hours of rain and the example became extremely waterlogged. Water logged example is at 6’ oclock in the macro photo.
Growing on old pine, possibly spruce, and my guess is the associated mycelium matt, shown in the macro inside the tree cavity, is the same as what is fruiting in the ground