Good info people. I did not know this. My first thought was improper mixing.
Question to original poster: were you pouring the foam for the purpose of carving it into another shape? I ask because I too carve urethane foam into my props, but I start with solid block, as opposed to pouring the liquid and letting it expand. The reason is that a solid block has very uniform consistency, where a poured mass is rarely mixed as thoroughly and as a result has a non-uniform consistency. I like carving and sanding something that is has a tight bubble structure, doesn't flex, and any tool that is applied to one part, is exacly the same consistency as the next.
I also have the luxury of being close to a manufacturer of large foam buns that get cut down for insulating pipes. So they can make a 3'x4'x3' block, and cut it to any size. If there is no source close to you, there are web-based taxidermy suppliers that can ship you blocks.