Last Record of Excel Data Source alone occurs in response

Hello,
What I get from your steps is that you are calling test case after data source loop, rather sequence should be:
1. Data Source [excel in this case]
2. Test Case [that pulls data from step 1]
3. Data Source loop [whose source is step1) and target step 2)

You can also refer: http://www.soapui.org/Data-Driven-Testing/data-driven-testing-using-files.html

Hope it helps...

Reshma S