Wautoma, WI
Current Conditions
0:56 AM CDT
Clear
Temperature
56°F
Dew Point
55°F
Humidity
96%
Wind
CM at 0 mph
Barometer
29.94 in. F
Visibility
10.00 mi.
Sunrise
06:22 a.m.
Sunset
07:29 p.m.
Overnight Forecast (Midnight-7:00am)
Temperatures will range from 59 to 56 degrees with clear skies. Winds will remain steady around 6 miles per hour from the southwest. No precipitation is expected.
7-Day Forecast
Wednesday
59°F / 56°F
Clear
Wednesday
81°F / 57°F
Partly Cloudy
Thursday
89°F / 62°F
Partly Cloudy
Friday
69°F / 50°F
Scattered Showers
Saturday
68°F / 49°F
Sunny
Sunday
71°F / 49°F
Partly Cloudy
Monday
73°F / 49°F
Scattered Showers
Detailed Short Term Forecast
Issued at 0:56 AM CDT
Wednesday...Temperatures will range from a high of 59 to a low of 56 degrees with clear skies. Winds will range between 6 and 7 miles per hour from the southwest. No precipitation is expected.
...$dailyWea.get(0).segments.get($o).statement
Overnight ...Temperatures will range from 59 to 56 degrees with clear skies. Winds will remain steady around 6 miles per hour from the southwest. No precipitation is expected.
Wednesday...Temperatures will range from a high of 81 to a low of 57 degrees with partly cloudy skies. Winds will range between 5 and 19 miles per hour from the southsouthwest. 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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