Wautoma, WI
Current Conditions
0:56 AM CDT
Cloudy
Temperature
70°F
Dew Point
61°F
Humidity
73%
Wind
SW at 9 mph
Barometer
29.90 in. F
Visibility
10.00 mi.
Sunrise
05:37 a.m.
Sunset
08:29 p.m.
Afternoon Forecast (12:00pm-7:00pm)
Temperatures will range from 68 to 74 degrees with cloudy skies. Winds will range between 6 and 10 miles per hour from the south. Rain amounts between a tenth and quarter of an inch are predicted.
7-Day Forecast
Friday
74°F / 68°F
Light Rain
Saturday
84°F / 62°F
Partly Cloudy
Sunday
74°F / 47°F
Scattered Showers
Monday
70°F / 47°F
Sunny
Tuesday
76°F / 53°F
Partly Cloudy
Wednesday
78°F / 54°F
Partly Cloudy
Thursday
78°F / 57°F
Scattered Showers
Detailed Short Term Forecast
Issued at 0:56 AM CDT
Friday...Temperatures will range from a high of 74 to a low of 68 degrees with cloudy skies. Winds will range between 5 and 11 miles per hour from the south. 0.23 inches of rain are expected.
This Evening ...Temperatures will remain steady at 68 degrees with cloudy skies. Winds will range between 7 and 11 miles per hour from the south. Rain amounts of less than a tenth of an inch are expected.
Overnight ...Temperatures will remain steady at 68 degrees with mostly cloudy skies. Winds will remain steady around 6 miles per hour from the south. Rain amounts of less than a tenth of an inch are expected.
Saturday...Temperatures will range from a high of 84 to a low of 62 degrees with partly cloudy skies. Winds will range between 6 and 13 miles per hour from the west. 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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