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

Exchange Act

of 1934

(the “Exchange

Act”) relating

to our

business, including

estimated future

production data,

expected construction

schedules, projected

construction 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.”)

table

egg

layer

flocks

of

highly

pathogenic

avian

(“HPAI”),

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,

other projected operating data,

including anticipated results of operations

and financial condition, and

potential future

cash returns

to stockholders

including the

timing and

amount of

any repurchases

share repurchase

program. 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

materially from those projected in the forward-looking

statements. The forward-looking statements are based on management’s

current intent, belief, expectations, estimates, and projections

regarding the Company and its industry.

These statements are not

guarantees of future performance 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 materially

from those projected in

the forward-

looking statements include,

among others, (i)

the risk factors

set forth in

Factors and elsewhere

in this report

as

well as

those included

in other

reports we

file from

time to

time with

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

(including

disease,

pests,

weather

conditions,

and

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 commercial flocks

in the U.S. in

November 2023 and that first

impacted our flocks in December

2023, (iii) changes in

the demand for and market

prices of shell eggs

and feed costs, (iv)

our ability to predict

and meet demand for

cage-free and other specialty

eggs, (v) risks,

changes, or obligations that could

result from our recent or

future acquisition of new flocks

or businesses, such as our

of Echo Lake Foods completed

June 2, 2025, and risks

or changes that may cause

conditions to completing a pending

not to

be met,

(vi) our

successfully integrate

and manage

the business

of Echo

and realize

the expected

benefits of the

acquisition, including synergies, cost

savings, reduction in earnings

volatility, margin expansion, financial returns,

expanded

relationships, or

sales or

growth

opportunities, (vii)

our

ability

to retain

existing customers,

acquire new

and

grow

our

product

mix

our

foods

product

offerings,

(viii)

the

impacts

and

future

impacts of

government, customer

and consumer

reactions to

recent high

market prices

for eggs,

(ix) potential

impacts to

our

business as a result of our Company ceasing to be a “controlled company” under the rules of The Nasdaq Stock

Market on April

14, 2025,

(x) risks

potential changes

in inflation,

interest rates

and trade

and tariff

policies, (xi)

adverse results

in

pending litigation

legal matters,

(xii) global

instability, including as

of the

war in

Ukraine, the

conflicts involving

Israel and

Iran, and

attacks on

shipping in

the Red

Sea. The

actual timing,

number and

shares repurchased

share repurchase program will be determined by management in its discretion and will depend on a number

of factors, including

but not

limited to,

the market

price of

general market

and economic conditions.

The share

program may be suspended, modified or discontinued at any time without prior notice. 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 made only 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 obligation to update

publicly these forward-looking statements,

whether because of new information, future events, or otherwise.