Wautoma, WI
Current Conditions
0:56 AM CDT
Cloudy
Temperature
54°F
Dew Point
44°F
Humidity
69%
Wind
CM at 0 mph
Barometer
29.96 in. F
Visibility
10.00 mi.
Sunrise
07:17 a.m.
Sunset
06:05 p.m.
Afternoon Forecast (12:00pm-7:00pm)
Temperatures will remain steady at 52 degrees with mostly cloudy skies. Winds will remain steady around 11 miles per hour from the northwest. No precipitation is expected.
7-Day Forecast
Monday
52°F / 33°F
Partly Cloudy
Tuesday
50°F / 31°F
Sunny
Wednesday
54°F / 31°F
Partly Cloudy
Thursday
49°F / 38°F
Light Rain
Friday
62°F / 49°F
Partly Cloudy
Saturday
66°F / 47°F
Sunny
Sunday
67°F / 47°F
Mostly Cloudy
Detailed Short Term Forecast
Issued at 0:56 AM CDT
Monday...Temperatures will range from a high of 52 to a low of 33 degrees with partly cloudy skies. Winds will range between 8 and 13 miles per hour from the north. No precipitation is expected.
This Evening ...Temperatures will range from 50 to 39 degrees with mostly clear skies. Winds will range between 8 and 13 miles per hour from the north. No precipitation is expected.
Overnight ...Temperatures will range from 38 to 33 degrees with clear skies. Winds will remain steady around 9 miles per hour from the north. No precipitation is expected.
Tuesday...Temperatures will range from a high of 50 to a low of 31 degrees with clear skies. Winds will range between 6 and 12 miles per hour from the northeast. No precipitation is expected.

CME establishes $100 million fund to protect cattlemen

Feb. 9, 2012 | 0 comments

CME Group Inc. (CME) established a $100 million fund to protect farmers and ranchers who utilize CME.

Cattlemen attending the 2012 Cattle Industry Convention heard from Bryan Durkin, CME chief operating officer, who said on behalf of CME that they felt an "inherent" responsibility to help their customers.

He said there is more to be done.

"We are in unchartered territory," said Durkin. "There are a lot of facts that still need to be sorted out. We took an important first step for farmers and ranchers."

Durkin said MF Global found a way to manipulate a system that has been working flawlessly for 75 years.

The fund will not help former MF Global customers who haven't received all their money as a result of the bankruptcy.

There is an estimated $1.2 billion shortfall in customer segregated accounts.

Durkin said customers with accounts in the United States have received about 72 cents on the dollar.

Under the new fund, farmers and ranchers will be eligible to receive up to $25,000 per account if they lose money resulting from the bankruptcy of a clearing member.

Durkin said farming and ranching cooperatives will be eligible for up to $100,000 per cooperative.

He said if losses are more than $100 million, those customers will be eligible for a pro-rate share of the fund up to $100 million.

Durkin said doing everything possible to prevent a repeat of MF Global is top priority for CME.

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