The US Department of Agriculture entered into a consent decision and order with Camelot Cattle Co. doing business as 101 Livestock Auction, and John Knight of Russellville, Ark., on June 3, 2025, for alleged violations of the Packers and Stockyards Act.

A USDA Agricultural Marketing Service investigation revealed that Camelot had custodial account shortages of $102,600 on Jan. 27, 2023, and $108,475 on Feb. 28, 2023, which were partly due to Camelot’s failure to reimburse the account for uncollected receivables by the close of the seventh day following a livestock sale, in violation of the P&S Act and its regulations. A custodial account is a trust account required for handling the proceeds of livestock sales. The market agency maintains this account to benefit livestock sellers. 

Under the decision, Camelot and Knight agreed to maintain their custodial account in accordance with the P&S Act and regulations and to pay a $7,500 civil penalty.

The secretary of agriculture has authority under the P&S Act to act against violators, including issuing cease and desist orders, suspending registrations, and applying other appropriate remedies as authorized by the Act. 

Source: USDA AMS