Investor Presentaiton

Shell egg industry is fragmented providing consolidation opportunities (1) EM Cal-Maine Foods Top-five producers: layer hen rankings Cal-Maine Foods 13% 0 Others 63% Rose Acre Farms 8% Hillandale Farms 6% Daybreak Foods 5% Versova Holdings LLP 5% Top-five producers own ~37% of U.S. layer hen flock 60+ companies hold >208k layers In 2022, the top-five broiler producers held ~64% of market share CAL-MAINE FOODS | INVESTOR PRESENTATION | JANUARY 2024 17

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