Problem updating a 10.3-RELEASE system

[Jim Trigg]

azure() ~# uname -a
FreeBSD azure.heraldsnet.org 10.3-RELEASE-p11 FreeBSD 10.3-RELEASE-p11 
#0: Mon Oct 24 18:49:24 UTC 2016 
root at amd64-builder.daemonology.net:/usr/obj/usr/src/sys/GENERIC  amd64
azure() ~# freebsd-update fetch
Looking up update.FreeBSD.org mirrors... 4 mirrors found.
Fetching metadata signature for 10.3-RELEASE from update5.freebsd.org... 
done.
Fetching metadata index... done.
Inspecting system... done.
Preparing to download files... done.

No updates needed to update system to 10.3-RELEASE-p14.
azure() ~# freebsd-update install
No updates are available to install.
Run '/usr/sbin/freebsd-update fetch' first.
azure() ~#

This makes no sense to me.

Thanks,
Jim Trigg