Wautoma, WI
Current Conditions
0:56 AM CDT
Clear
Temperature
29°F
Dew Point
17°F
Humidity
60%
Wind
N at 3 mph
Barometer
30.49 in. F
Visibility
10.00 mi.
Sunrise
07:32 a.m.
Sunset
05:48 p.m.
Evening Forecast (7:00pm-Midnight)
Temperatures will range from 36 to 27 degrees with clear skies. Winds will remain steady around 9 miles per hour from the north. No precipitation is expected.
7-Day Forecast
Friday
36°F / 26°F
Clear
Saturday
43°F / 26°F
Sunny
Sunday
50°F / 29°F
Partly Cloudy
Monday
53°F / 33°F
Light Rain
Tuesday
47°F / 33°F
Partly Cloudy
Wednesday
48°F / 33°F
Light Rain
Thursday
38°F / 24°F
Partly Cloudy
Detailed Short Term Forecast
Issued at 0:56 AM CDT
Friday...Temperatures will range from a high of 36 to a low of 26 degrees with clear skies. Winds will range between 7 and 11 miles per hour from the north. No precipitation is expected.
Overnight ...Temperatures will remain steady at 27 degrees with clear skies. Winds will remain steady around 7 miles per hour from the north. No precipitation is expected.
Saturday...Temperatures will range from a high of 43 to a low of 26 degrees with clear skies. Winds will range between 2 and 6 miles per hour from the south. 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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