Decile Drop: Sheep & Lamb – May 2020
The tables below displays saleyard price deciles for national and state sheep and lamb types around Australia.
The tables display nominal prices relevant to each decile range, which can be used to get an understanding of how high (or low) the current price is in relation to historical pricing. A decile table measures how often, historically, prices have fallen above (or below) a particular pricing point.
It gives a brief snapshot of whether a market has more upside or downside and how large this may be.
For example, if a price is at its 40% decile, this means that 40% of the time, prices have been below that value and 60% of prices higher.
Similarly, a 90% decile means that 90% of the time, prices have been lower and higher just 10% of the time. Please note that a price can’t reside outside of the 100 percentile.
At the bottom of each table is the current price and the percentage decile ranking for that price.
Deciles for the sheep and lamb markets remain above the 90th percentile with the favourable season and strong intent to rebuild the flock continuing to see robust decile levels for restocker lambs and mutton across most states.