Bearing Buddies

[WIbassfisherman]

My new trailer came with bearing buddies and I've noticed after a couple trips a large amount of white milky grease coming out and getting on the inside of the bra/cap.

After cleaning the excess away (which I just assume means there is too much grease in the hub) I noticed the blue rim for checking purposes is sticking out unevenly. Is this normal or do I need to do some maintanence. In reading my manual it states that the blue rim will begin to become sucked in when grease becomes low. Then you simply add more grease and it will come back out again. It's out, but it's uneven.

Thanks for the help guys. New to bearing buddies and I figure if any one can help it'd be on here that I go first.