Hello Mr Townsend,

Sorry for the delay in response.

From what I can see in the photograph, it looks like you are dealing with pine-gall rust, a fungus that infects lodgepole and ponderosa pines in our area.  The rust releases orange spores (that you are seeing here) that can begin new infections on branches/trunks of nearby trees.  

The easiest course of action is to prune out the galls, though on a main trunk this will cause malformation (at best).  

This document from the US Forest Service provides some additional information: https://www.fs.usda.gov/detail/r10/forest-grasslandhealth/?cid=fsbdev2_038389

I hope this is helpful!

Cordially,

John