Investor Presentaiton

A history of growth through adaptation and successful integration of acquisitions M Cal-Maine Foods 1957 Inorganic Growth Built world's largest egg farm in Edwards, MS 1963 Founded in Jackson, MS by Fred Adams Acquired egg operations of Ralston-Purina Pilgrim's Pride and Maxim Production Co., added ~5.0mm layer hens 2012 1972 Red River Valley Mahard Egg Farm, added 3.9 mm layer cage-free egg JV 2015 hens 2019 2014 December 1996, NASDAQ IPO under "CALM❞ Sold >1 billion dozen eggs for the first time 2016 Foodonics Int'l, added 3.1 mm layer hens 1959 Adams Foods merged with Dairy Fresh Products and Maine Egg Farms to form Cal-Maine Foods 1996 MeadowCreek; focus on hard- cooked eggs 1H 2023 2022 Remaining 50% interest in Red River Valley, adding ~1.7 mm cage- free layers 2H 2023 Fassio Egg Farms, inc. ~1.2mm primarily cage- fee hens and feed mill 1,014 1,054 1,038 884 805 683 679 605 526 562 1,069 1,084 1,147 1,022 1,059 928 873 819 750 640 663 537 535 -Sold Produced 431 458 388 FY'00 FY'05 FY'10 FY'15 FY'20 Deep experience integrating acquisitions and executing on organic opportunities Disciplined M&A approach with proven execution and integration capability to capture synergies 24 companies integrated since 1989 Historic M&A focused on consolidation of operations to increase dozens of eggs sold Recent transactions have specifically targeted production capacity to reduce the gap between dozens produced and dozens sold and expand our cage-free production capabilities in key markets CAL-MAINE FOODS | INVESTOR PRESENTATION | JANUARY 2024 28

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