Decile Drop: Sheep & Lamb
Decile tables based on the monthly average saleyard price as reported by Meat and Livestock Australia. Deciles are from the period from January 2000 to current.
The tables display nominal prices relevant to each decile range, which can be used to get an understanding of how high/low the current price is in relation to all historic prices. A decile table measures how often, historically, prices have fallen below (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.
At the bottom of each table is the current months average price and the percentage decile ranking for that price.