The Cattle on Feed report released after the close Friday was supportive for the deferred futures but was slightly negative for the December contract. October placements were down 13% from last year and were the second lowest for the month in the current data series back to 1996. Analysts had expected a decline of around 8% so the steep decline should lend support to the April futures. In contrast, marketings were up only 2% even though there was an extra business day in October this year. Prereport estimates called for an increase of 4% to 5%. The November 1 feedlot inventory is up 4% from last year and the highest for that date since the current data set began 10 years ago. Doane economists expect the deferred futures contracts to climb 10 to 25 points in reaction to the report while the December contract might be down by a similar amount.