Investor Presentaiton

Meeting evolving retail market needs by driving favorable product choices Market and consumer demand is changing Conventional eggs maintain leading retail market share (% dozens sold by volume) (1) CALM is adjusting choices to meet that shift Fiscal year shell egg sales* (% dozens sold by volume) (2) 75% 11% 8% 4% 17% 24% 23% - 7% 7% 8% 15% 8% 6% 77% 68% 61% 57% FY 19 FY 22 Commodity white and caged brown ■Free-range and pasture-raised 25% 73% 65% 67% EM Cal-Maine Foods 35% 33% 27% FY 23 FY 24 YTD FY 19 FY 22 FY 23 FY 24 YTD Nutritionally enhanced ■Cage-free and organic ■Conventional ■Specialty IRI data indicates most significant demand growth is among cage-free, organic, Free-range and pasture- raised egg products Despite shift in this consumer behavior, conventional eggs maintain core retail market position Market shift accelerated in 2019 with state cage-free mandates and retailer commitments Driving higher specialty shell egg sales volumes, largely in line with retail market CAL-MAINE FOODS | INVESTOR PRESENTATION | JANUARY 2024 16

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