Exhibit 99.1
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Contacts:
Dolph Baker, Chairman and CEO
Max P. Bowman, Vice President and CFO
(601) 948-6813
CAL-MAINE FOODS, INC. COMPLETES
ACQUISITION OF INTEREST IN RED RIVER VALLEY EGG FARM, LLC
RIDGELAND, Miss. (June 1, 2021)
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Company has closed the previously announced purchase of the remaining 50 percent joint venture
membership interest in Red River Valley Egg Farm, LLC from Rose Acre Farms, Inc, effective May 30,
2021. The entity is now a wholly owned subsidiary of the Company. Red River Valley Egg Farm, LLC
owns and operates a specialty shell egg production complex with approximately 1.7 million cage-free laying
hens, cage-free pullet capacity, feed mill, processing plant, related offices and outbuildings and related
equipment located on approximately 400 acres near Bogata, Texas.
Cal
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Maine Foods, Inc. is primarily engaged in the production, grading, packing and sale
of fresh
shell eggs, including conventional, cage-free, organic and nutritionally enhanced eggs. The Company,
which is headquartered in Ridgeland, Mississippi, is the largest producer and distributor of fresh shell eggs
in the United States and sells the majority of its shell eggs in states across the southwestern, southeastern,
mid-western and mid-Atlantic regions of the United States.
Statements contained in this press release that are not historical facts are forward-looking statements as that
term is defined in the Private Securities Litigation Reform Act of 1995. The forward-looking statements are based on
management’s current intent, belief, expectations, estimates and projections regarding our company and our 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 the Company’s SEC filings (including its Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and
Current Reports on Form 8-K), (ii) the risks and hazards inherent in the shell egg business (including disease, pests,
weather conditions and potential for recall), (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 future acquisition of new flocks or businesses and risks or changes that may
cause conditions to completing a pending acquisition not to be met,(vi) risks relating to the evolving COVID-19
pandemic, and (vii) adverse results in pending litigation matters. SEC filings may be obtained from the SEC or the
Company’s website, www.calmainefoods.com. 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, the
forward-looking statements included herein are only made 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 publicly update
these forward-looking statements, whether as a result of new information, future events or otherwise.