Weather lore also choppy and unpleasant. Seagulls huddled on the ground may be a sign that the weather is already bad. Cows prefer not to have the wind blowing in their faces, and so typically stand with their backs to the wind. Since westerly winds typically mean arriving or continuing fair weather and easterly winds usually indicate arriving or continuing unsettled weather, a cowvane is as good a way as any of knowing what the weather will be up to for the next few hours. While it is true that cats and dogs eat grass, it has nothing to do with the
Weather risk management "Accounting for weather derivatives" provides guidance on accounting for weather derivatives that are not exchange–traded. Entities that enter into speculatives or trading non–exchange derivatives contracts should apply the intrinsic method. Weather risk management Weather risk management is a type of risk management done by organizations to address potential financial losses caused by unusual weather. Energy, agriculture, transportation, construction, municipalities, school districts, travel, food processors, retail sales and real estate are all examples of industries whose operations and profits can be significantly affected by the weather. For example, unusually mild winters diminish consumer demand for heating and erode the profit margins