Helping my son with his 4H project- Insect Adventures 3… came across something we have never seen before on our property. We have 21 acres and much of it is wooded. We found this dripping, yellow, smelly fungus? on a rotting fallen tree. Covered in flies (not sure on exact type) and an insect that we were unsure of that buried itself under leaves and under the ground when we got close. Wondering if this is slime flux or something else and also curious for information regarding which insects benefit from or like this stuff. Is this bad news to see? The tree has been dead and fallen for quite a while so not concerned for the tree, but we are creating a pollinator habitat in this area and are concerned for the space as a whole.