I would think it is a bearing issue with those heat readings, but then lean toward the brakes with you needing to adjust for weak feeling brakes. I would start with the bearings though, it sounds like it is burning up your grease which will cause failure soon. I once had a trailer do this and the entire wheel separated and rolled off the axel. Trust me, you don't want that.
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2021 Eagle 330RSTS
2021 Ram 2500 6.7 CTD
2 Dogs and 1 wife
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