Wautoma, WI
Current Conditions
0:56 AM CDT
Partly Cloudy
Temperature
74°F
Dew Point
45°F
Humidity
36%
Wind
N at 8 mph
Barometer
30.03 in. F
Visibility
10.00 mi.
Sunrise
05:42 a.m.
Sunset
08:23 p.m.
Afternoon Forecast (12:00pm-7:00pm)
Temperatures will range from 70 to 74 degrees with partly cloudy skies. Winds will range between 5 and 11 miles per hour from the northwest. Rain amounts of less than a tenth of an inch are expected.
7-Day Forecast
Wednesday
74°F / 56°F
Sunny
Thursday
79°F / 56°F
Sunny
Friday
78°F / 57°F
Scattered Showers
Saturday
77°F / 57°F
Sunny
Sunday
78°F / 59°F
Partly Cloudy
Monday
80°F / 61°F
Light Rain
Tuesday
77°F / 62°F
Light Rain
Detailed Short Term Forecast
Issued at 0:56 AM CDT
Wednesday...Temperatures will range from a high of 74 to a low of 56 degrees with mostly clear skies. Winds will range between 5 and 11 miles per hour from the westnorthwest. Less than 1 tenth inch of rain is possible.
This Evening ...Temperatures will range from 71 to 59 degrees with clear skies. Winds will remain steady around 7 miles per hour from the west. No precipitation is expected.
Overnight ...Temperatures will range from 58 to 56 degrees with mostly clear skies. Winds will remain steady around 7 miles per hour from the west. No precipitation is expected.
Thursday...Temperatures will range from a high of 79 to a low of 56 degrees with mostly clear skies. Winds will range between 3 and 15 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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