Most likely the brake cylinder. Just went through one myself about a month ago. You will have to replace both of them, 'cuz if you replace just one it tends to blow the other one in short order. Depending on the mileage on your truck, it may be time to just rebuild the drums while you are in there, since the rebuild kits don't cost that much more then just the wheel cylinder.
While you are in there you will want to check the axle seals and wheel bearings, although you would smell it if you had a problem there...
Best of luck!
Leary