CAL-MAINE FOODS INC

FORWARD

-LOOKING STATEMENTS

This report contains numerous forward-looking statements 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 shell egg and egg

future

data,

expected

schedules,

costs,

potential future supply of and demand for our products, potential future corn and soybean price trends, potential future impact on

our business of the resurgence

in United States (“U.S.”) commercial

table egg layer flocks of

highly pathogenic avian

(“HPAI”), potential future impact on our business of inflation and changing interest rates, potential future impact on our business

of new legislation, rules or policies, potential outcomes of legal proceedings, including loss

contingency accruals and factors that

may result in changes in the amounts recorded, and

other projected operating data, including anticipated results of operations and

financial condition. Such forward-looking statements 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

The

are

based

on

current

intent,

belief,

expectations,

estimates,

and

projections

the

Company

and

its

industry.

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

include,

among

others,

(i)

the

risk

factors

set forth

in

Item

1A

Risk

Factors

and

elsewhere in

this report

as well

as those

other reports

we file

from time

to time

Commission (the

“SEC”) (including our

Quarterly Reports on

Form 10-Q and

Current Reports on

Form 8-K), (ii)

the risks and

hazards inherent in the

shell egg business

(including disease, pests,

weather conditions, and potential

for product recall),

but not limited

to the current outbreak

of HPAI

affecting poultry in

the U.S., Canada and

other countries that

was first detected

in

flocks

in

in

February

and

that first

our

flocks

in December

2023,

(iii)

the

and market

prices of

and feed

costs, (iv)

to predict

and meet

cage-free and

other

specialty eggs, (v) risks, changes,

or obligations that could result

from our recent or future acquisition

of new flocks or

and risks or

changes that may

cause conditions to

completing a pending

acquisition not to be

met, (vi) risks

relating to changes

in inflation

and interest

rates, (vii)

to retain

existing customers,

acquire new

customers and

grow our

product mix,

(viii) adverse results

in pending litigation matters,

and (ix) global

instability, including as a result

of the war

in Ukraine, the Israel-

Hamas conflict

and attacks

on shipping

in the

Red Sea.

Readers are

cautioned not

to place

undue reliance

on forward-looking

statements because,

while we believe

the assumptions on

which the forward-looking

statements are based

are reasonable, there

can be no

assurance that these

forward-looking statements will prove

to be accurate.

Further, forward-looking statements included

herein are only made as of the respective dates thereof, or if no date

is stated, as of the date hereof. Except as otherwise required

by

law,

we

disclaim

any

intent

or

to

update

publicly

these

statements,

whether

because

of

new

information, future events, or otherwise.