WASHINGTON, April 17, 2025 – The U.S. Department of Agriculture (USDA) filed a complaint against Camelot Cattle Company LLC dba 101 Livestock Auction, and John Knight of Russellville, Ark., on March 13, 2025, for alleged violations of the Packers and Stockyard (P&S) 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. The custodial account shortages 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.
A custodial account is a trust account required for handling proceeds from the sale of livestock. The market agency maintains this account to benefit livestock sellers. Failing to reimburse the custodial account on time is a violation of the P&S Act and regulations.
The Secretary of Agriculture has authority under the P&S Act to act against violators, including issuing orders to cease and desist, suspending registrations, and applying other appropriate remedies as authorized by the Act.
For further information about the P&S Act, contact Amy Blechinger, Packers and Stockyards Division, at (202) 720-7051 or at Amy.R.Blechinger@usda.gov.
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