Wautoma, WI
Current Conditions
0:56 AM CDT
Rain
Temperature
66°F
Dew Point
60°F
Humidity
81%
Wind
ESE at 8 mph
Barometer
30.05 in. F
Visibility
6.00 mi.
Sunrise
06:15 a.m.
Sunset
07:40 p.m.
Evening Forecast (7:00pm-Midnight)
Temperatures will range from 69 to 59 degrees with cloudy skies. Winds will range between 8 and 13 miles per hour from the east. Rain amounts between a tenth and quarter of an inch are predicted.
7-Day Forecast
Thursday
69°F / 59°F
Light Rain
Friday
87°F / 64°F
Light Rain
Saturday
77°F / 61°F
Scattered Showers
Sunday
80°F / 61°F
Scattered Showers
Monday
75°F / 56°F
Scattered Showers
Tuesday
77°F / 56°F
Sunny
Wednesday
77°F / 54°F
Sunny
Detailed Short Term Forecast
Issued at 0:56 AM CDT
Thursday...Temperatures will range from a high of 69 to a low of 59 degrees with cloudy skies. Winds will range between 6 and 13 miles per hour from the east. 0.22 inches of rain are expected.
Overnight ...Temperatures will range from 59 to 63 degrees with cloudy skies. Winds will range between 6 and 10 miles per hour from the east. Rain amounts of less than a tenth of an inch are expected.
Friday...Temperatures will range from a high of 87 to a low of 64 degrees with mostly cloudy skies. Winds will range between 4 and 11 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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