CAL-MAINE FOODS INC

FORWARD-LOOKING

This report

forward

within the meaning

of Section 27A

of the Securities

Act of 1933

(the

“Securities Act”) and

Section 21E of the Securities Exchange

Act of 1934 (the “Exchange Act”) relating to

our business, including

potential future

supply of and

demand

for our products, potential future

soybean

price trends, potential future

impact on

our business

of highly

avian

(“HPAI”),

future production

data,

schedules,

costs,

future

impact

on

our

of

and

changing

rates,

future

impact

of new

legislation,

rules or

policies, potential

outcomes

of legal

loss contingency

accruals

and

factors

that

may

changes

in the

amounts

recorded, other

data,

anticipated

results

and

and

future

cash

returns to stockholders

including the

timing

and

am

ount

of any repurchases

under our share repurchase

program. Such forward

are identified by the use of words such

as

“believes,”

“intends,”

“expects,”

“hopes,”

“may,”

“should,”

“plans,”

“projected,”

“contemplates,”

“anticipates,”

or similar

words.

Actual outcomes

or results

could differ

from those

in the

forward

-looking statements.

The forward-

looking

are

based

on

current

intent,

belief,

expectations,

estimates,

and

projections

the

Company

and

its

These

are

not

guarantees

of

future

and

involve

risks,

uncertainties,

assumptions,

and

other factors

that

are difficult

to

predict

and

may

be beyond

our control.

The

factors

that

could cause

actual

results

to differ

from those

in

the forward

include, among

others,

(i) the

set

forth

in Item

1A. Risk

Factors

and

this report

as well

as those

in other

reports

we

file

from

time to

time

with the Securities

Commission (the

“SEC”) (including

our Quarterly

Form 10-Q and Current

Reports

on Form 8-K), (ii) changes

in wholesale shell egg market

prices, (iii) changes in the demand

for shell eggs and our prepared foods

(iv) increases

in feed

costs

for our

as well

as increases

in input

costs for

(v)

our

ability

to

predict

and

meet

demand

-free and

other

eggs, (vi) the

hazards

in shell egg, egg

and

foods

(including,

disease,

pests,

weather

and

for

product

recall), including

but not

limited

to the

current

of HPAI

affecting

poultry in

the U.S.,

Canada

and other countries

that

was first

detected

in commercial flocks

in the U.S. in

February 2022

and that

our flocks in the third and

fourth quarters

2024 and

again in March

2026,

(vii) risks, changes, or obligations

that could result

from our recent

or future

of new flocks

or businesses,

such as

our acquisition

Foods

June 2, 2025,

and risks

that may

cause conditions

to completing a pending acquisition

not to be met, (viii) our ability to successfully

integrate and manage

recently

acquired businesses like Echo Lake

Foods and realize the expected

benefits of such acquisitions, including synergies, cost savings,

in

volatility,

margin

expansion,

returns,

relationships,

or

sales

or

growth

opportunities,

(ix)

our

ability

to

produce,

supply

and

shell

eggs

and

foods

efficiently

and

reliably,

(x)

our

ability

to

compete

with

and

new

market

entrants,

retain

acquire

new

and grow

our product

mix including

our prepared

foods

product offerings,

(xi) the

impacts

of government,

and

to

high

market

prices

for

eggs,

without

limitation,

new

or

(xii)

risks

to

changes

in

inflation,

rates

and

trade

and

tariff

(xiii)

the

loss

or

expiration of

any registered

or other intellectual property

that

we use in our business, (xiv) adverse

results in pending

litigation and

other legal matters,

and (xv) global instability,

including as

a result of geopolitical

conflicts and

other uncertainties.

The

actual

timing,

number

and

value

of

shares

under

our

share

program

will

be

by

in

its

discretion and

will

depend on a number

of factors, including but not limited to,

price of our

Common

program may

at any

time without prior notice.

Readers are cautioned

not to place undue

reliance on forward

because, while

we

believe the

on which

the forward

-looking

are reasonable,

there can

be

that

these forward

will prove

to be

accurate.

forward

included herein

are made

only

as of the

respective

dates thereof,

or if no

date is stated,

as of

the date hereof.

Except

as otherwise

by law,

we disclaim

any intent or obligation

to update

publicly these forward

-looking statements,

whether because

of new information,

future events,

or otherwise.