Financial Highlights - FY'20

15 Key Egg Margin Drivers Indicate Favorable Trend Urner Barry SE Region - Shell Egg / Large White Price Daily Average by fiscal year $2.00 Avian Influenza Outbreak 400 $1.76 $1.55 $1.49 350 $1.50 $1.42 $1.43 $1.36 $1.21 $1.22 $1.23 $1.22 $1.12 $1.13 $1.00 $0.93 300 $0.85 $0.72 $0.75 $0.50 - 250 $0.00 345,000 330,000 315,000 300,000 285,000 270,000 Jan FY FY FY FY FY FY FY FY FY FY FY FY FY FY FY FY 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2015 Monthly Hen Inventory Feb Mar Apr May June July Aug Sept Oct Nov Dec 2016 2017 2018 ―2019 Source: USDA National Agricultural Statistics Service and Urner Barry. (1) Soybean meal $/ton and corn $/bushel. 2020 May-16 Nov-16 May-171 Feed Ingredient Prices(1) Nov-17 May-18 Nov-18 May-197 Nov-19 60 60 Soybean Meal - Corn Feed Costs (Cents per Dozen Produced) 50 48 40 40 30 20 10 10 0 43 44 41 42 43 43 41 40 40 39 38 38 39 39 42 41 42 42 42 42 41 1Q15 3Q15 1Q16 3Q16 1Q17 3Q17 1Q18 3Q18 1Q19 3Q19 1Q20 3Q20 EM Cal-Maine Foods, Inc. Feed Costs At Historical Lows May-20 41 41 4.5 + 4.0 3.5 3.0 2.5

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