Wautoma, WI
Current Conditions
0:56 AM CST
Cloudy
Temperature
18°F
Dew Point
13°F
Humidity
80%
Wind
SE at 10 mph
Barometer
30.13 in. F
Visibility
10.00 mi.
Sunrise
07:08 a.m.
Sunset
04:21 p.m.
Morning Forecast (7:00am-12:00pm)
Temperatures will range from 12 to 23 degrees with cloudy skies. Winds will remain steady around 9 miles per hour from the southeast. Anticipate snow accumulation of around one inch.
7-Day Forecast
Friday
30°F / 12°F
Light Rain/Snow
Saturday
36°F / 29°F
Mostly Cloudy
Sunday
32°F / 2°F
Partly Cloudy
Monday
9°F / -5°F
Partly Cloudy
Tuesday
24°F / 9°F
Mostly Cloudy
Wednesday
20°F / 10°F
Partly Cloudy
Thursday
29°F / 16°F
Light Snow
Detailed Short Term Forecast
Issued at 0:56 AM CST
Friday...Temperatures will range from a high of 30 to a low of 12 degrees with cloudy skies. Winds will range between 4 and 12 miles per hour from the southsoutheast. 1.90 inches of snow are expected.
This Afternoon ...Temperatures will range from 24 to 27 degrees with cloudy skies. Winds will remain steady around 11 miles per hour from the south. Ice accumulation of less than a tenth of an inch is expected. . Expect snow accumulation of less than one inch.
This Evening ...Temperatures will remain steady at 27 degrees with cloudy skies. Winds will remain steady around 5 miles per hour from the east. No precipitation is expected.
Overnight ...Temperatures will remain steady at 28 degrees with mostly cloudy skies. Winds will remain steady around 5 miles per hour from the east. No precipitation is expected.
Saturday...Temperatures will range from a high of 36 to a low of 29 degrees with mostly cloudy skies. Winds will range between 4 and 11 miles per hour from the southsouthwest. 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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