Wautoma, WI
Current Conditions
0:56 AM CDT
Rain
Temperature
40°F
Dew Point
38°F
Humidity
93%
Wind
E at 10 mph
Barometer
29.98 in. F
Visibility
4.00 mi.
Sunrise
05:59 a.m.
Sunset
07:51 p.m.
Morning Forecast (7:00am-12:00pm)
Temperatures will range from 36 to 50 degrees with cloudy skies. Winds will remain steady around 15 miles per hour from the east. Expect rain amounts between a quarter and half of an inch.
7-Day Forecast
Thursday
57°F / 36°F
Light Rain
Friday
56°F / 30°F
Partly Cloudy
Saturday
53°F / 32°F
Mostly Cloudy
Sunday
42°F / 36°F
Light Rain
Monday
44°F / 36°F
Light Rain
Tuesday
38°F / 31°F
Light Rain/Snow
Wednesday
37°F / 32°F
Snow
Detailed Short Term Forecast
Issued at 0:56 AM CDT
Thursday...Temperatures will range from a high of 57 to a low of 36 degrees with cloudy skies. Winds will range between 6 and 23 miles per hour from the eastsoutheast. 1.23 inches of rain are expected.
This Afternoon ...Temperatures will range from 51 to 57 degrees with cloudy skies. Winds will range between 17 and 23 miles per hour from the southeast. Rain amounts of less than a tenth of an inch are expected.
This Evening ...Temperatures will range from 52 to 46 degrees with cloudy skies. Winds will range between 10 and 15 miles per hour from the east. Expect rain amounts between a quarter and half of an inch.
Overnight ...Temperatures will range from 46 to 43 degrees with cloudy skies. Winds will range between 6 and 17 miles per hour from the southeast. Expect rain amounts between a quarter and half of an inch.
Friday...Temperatures will range from a high of 56 to a low of 30 degrees with partly cloudy skies. Winds will range between 7 and 24 miles per hour from the westnorthwest. Less than 1 tenth inch of rain is possible.

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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