Cal-Maine Foods (CALM) 10-Q 28 Mar 23 2023 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Feb. 25, 2023	Mar. 28, 2023
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Feb. 25, 2023
Document Transition Report	false
Entity File Number	001-38695
Entity Registrant Name	CAL-MAINE FOODS, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	64-0500378
Entity Address, Address Line One	1052 Highland Colony Pkwy
Entity Address Address Line 2	Suite 200
Entity Address, City or Town	Ridgeland
Entity Address, State or Province	MS
Entity Address, Postal Zip Code	39157
City Area Code	601
Local Phone Number	948-6813
Title of 12(b) Security	Common Stock, $0.01 par value per share
Trading Symbol	CALM
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Current Fiscal Year End Date	--06-03
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Entity Central Index Key	0000016160
Common Stock [Member]
Entity Common Stock, Shares Outstanding		44,185,774
Class A Common Stock [Member]
Entity Common Stock, Shares Outstanding		4,800,000

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Feb. 25, 2023	May 28, 2022
Current assets:
Cash and cash equivalents	$ 221,614	$ 59,084
Investment securities available-for-sale	423,418	115,429
Trade and other receivables, net	206,920	177,257
Income tax receivable	42,947	42,147
Inventories	290,869	263,316
Prepaid expenses and other current assets	7,599	4,286
Total current assets	1,193,367	661,519
Property, plant & equipment, net	712,512	677,796
Investments in unconsolidated entities	16,146	15,530
Goodwill	44,006	44,006
Intangible assets, net	16,484	18,131
Other long-term assets	9,968	10,507
Total Assets	1,992,483	1,427,489
Current liabilities:
Accounts payable and accrued expenses	138,617	122,331
Accrued income taxes payable	66,723	25,687
Dividends payable	107,720	36,656
Total current liabilities	313,060	184,674
Other noncurrent liabilities	9,715	10,274
Deferred income taxes, net	134,820	128,196
Total liabilities	457,595	323,144
Commitments and contingencies - see Note 9
Stockholders' equity:
Paid-in capital	70,977	67,989
Retained earnings	1,497,325	1,065,854
Accumulated other comprehensive loss, net of tax	(3,067)	(1,596)
Common stock in treasury at cost - 26,075 shares at February 25, 2023 and 26,121 shares at May 28, 2022	(29,996)	(28,447)
Total Cal-Maine Foods, Inc. stockholders' equity	1,535,990	1,104,551
Noncontrolling interest in consolidated entity	(1,102)	(206)
Total stockholders' equity	1,534,888	1,104,345
Total Liabilities and Stockholders' Equity	1,992,483	1,427,489
Common Stock [Member]
Stockholders' equity:
Common stock ($0.01 par value):	703	703
Class A Convertible Common Stock [Member]
Stockholders' equity:
Common stock ($0.01 par value):	$ 48	$ 48

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Feb. 25, 2023	May 28, 2022
Common Stock [Member]
Common stock, par value per share (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	120,000,000	120,000,000
Common stock, shares issued (in shares)	70,261,000	70,261,000
Common stock in treasury (in shares)	26,075,000	26,121,000
Class A Convertible Common Stock [Member]
Common stock, par value per share (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	4,800,000	4,800,000
Common stock, shares issued (in shares)	4,800,000	4,800,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Feb. 25, 2023	Feb. 26, 2022	Feb. 25, 2023	Feb. 26, 2022
Condensed Consolidated Statements of Income [Abstract]
Net sales	$ 997,493	$ 477,485	$ 2,457,537	$ 1,184,195
Cost of sales	534,467	385,903	1,459,172	1,042,221
Gross profit	463,026	91,582	998,365	141,974
Selling, general and administrative	58,489	52,686	170,048	146,991
Gain on insurance recoveries	(3,220)	(1,095)	(3,220)	(3,225)
(Gain) loss on disposal of fixed assets	(26)	421	36	370
Operating income (loss)	407,783	39,570	831,501	(2,162)
Other income (expense):
Interest income, net	6,126	79	8,959	440
Royalty income	426	326	1,198	877
Patronage dividends	10,239	10,120	10,239	10,120
Equity income of unconsolidated entities	1,786	1,809	943	2,208
Other, net	(1,473)	1,144	(205)	8,169
Total other income, net	17,104	13,478	21,134	21,814
Income before income taxes	424,887	53,048	852,635	19,652
Income tax expense (benefit)	102,118	13,594	206,438	(2,921)
Net income	322,769	39,454	646,197	22,573
Less: Loss attributable to noncontrolling interest	(450)	(63)	(896)	(91)
Net income attributable to Cal-Maine Foods, Inc.	$ 323,219	$ 39,517	$ 647,093	$ 22,664
Net income per common share:
Basic (in dollars per share)	$ 6.64	$ 0.81	$ 13.31	$ 0.46
Diluted (in dollars per share)	$ 6.62	$ 0.81	$ 13.25	$ 0.46
Weighted average shares outstanding:
Basic (in shares)	48,653	48,886	48,634	48,888
Diluted (in shares)	48,842	49,036	48,832	49,035

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Feb. 25, 2023	Feb. 26, 2022	Feb. 25, 2023	Feb. 26, 2022
Condensed Consolidated Statements of Comprehensive Income [Abstract]
Net income	$ 322,769	$ 39,454	$ 646,197	$ 22,573
Other comprehensive income (loss), before tax:
Unrealized holding gain (loss) on available-for-sale securities, net of reclassification adjustments	26	(551)	(1,945)	(1,130)
Income tax benefit (expense) related to items of other comprehensive income	(6)	134	474	275
Other comprehensive Income (loss), net of tax	20	(417)	(1,471)	(855)
Comprehensive income	322,789	39,037	644,726	21,718
Less: Comprehensive loss attributable to the noncontrolling interest	(450)	(63)	(896)	(91)
Comprehensive income attributable to Cal-Maine Foods, Inc.	$ 323,239	$ 39,100	$ 645,622	$ 21,809

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Feb. 25, 2023	Feb. 26, 2022
Cash flows from operating activities:
Net income	$ 646,197	$ 22,573
Depreciation and amortization	53,198	50,996
Deferred income taxes	7,098	(3,861)
Gain on insurance recoveries	(3,220)	(3,225)
Net proceeds from insurance settlement - business interruption	3,220	0
Other adjustments, net	16	(45,659)
Net cash provided by operations	706,509	20,824
Cash flows from investing activities:
Purchases of investment securities	(442,583)	(47,135)
Sales and maturities of investment securities	132,686	76,377
Investment in unconsolidated entities	(1,673)	(3,000)
Distributions from unconsolidated entities	0	400
Acquisition of business, net of cash acquired	0	(44,823)
Purchases of property, plant and equipment	(86,168)	(49,170)
Net proceeds from insurance settlement - property, plant and equipment	0	5,380
Net proceeds from disposal of property, plant and equipment	118	661
Net cash used in investing activities	(397,620)	(61,310)
Cash flows from financing activities:
Payments of dividends	(144,559)	0
Purchase of common stock by treasury	(1,633)	(1,120)
Principal payments on finance lease	(167)	(160)
Contributions	0	3
Net cash used in financing activities	(146,359)	(1,277)
Net change in cash and cash equivalents	162,530	(41,763)
Cash and cash equivalents at beginning of period	59,084	57,352
Cash and cash equivalents at end of period	$ 221,614	$ 15,589

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Feb. 25, 2023
Summary of Significant Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 1 - Summary of Significant Accounting Policies Basis of Presentation The “we,” “us,” “our”) in reporting and should “2022 statement of the results for recurring nature. year. Fiscal Year The Company’s ended on February 25, 2023 and February 26, 2022 included 13 weeks 39 weeks , respectively. Use of Estimates The preparation of the assumptions could differ from those estimates. Investment Securities Our investment 320”). restrictions current, because the with income paid-in conditions to assess and record any expected credit losses through value determined by the Company’s assets” in the Company’s Condensed Trade Receivables Trade receivables are stated at their carrying 28, 709 775 customers based on The monitoring historical loss information adjusted as needed for economic and Dividends Payable We The Company quarter for in an amount 1/3 ) of such following the to shareholders of record on the 65th day after the Following a quarter for which the Company does not report net income not pay a dividend date of the most recent quarter for which a dividend was paid. New Accounting Pronouncements and Policies No new accounting pronouncement issued or effective Consolidated Financial Statements. Reclassification Certain presentation. These reclassifications had no effect on

Investment Securities

Investment Securities	9 Months Ended
	Feb. 25, 2023
Investments Securities [Abstract]
Investment Securities	Note 2 - Investment Securities The following represents the Company’s February 25, 2023 Amortized Cost Unrealized Gains Unrealized Losses Estimated Fair Value Municipal bonds $ 21,158 $ — $ 275 $ 20,883 Commercial paper 95,612 — 122 95,490 Corporate bonds 138,004 — 1,664 136,340 US government and agency obligations 94,941 — 299 94,642 Asset backed securities 15,132 — 227 14,905 Treasury bills 61,215 — 57 61,158 Total current $ 426,062 $ — $ 2,644 $ 423,418 Mutual funds $ 2,162 $ — $ 136 $ 2,026 Total noncurrent $ 2,162 $ — $ 136 $ 2,026 May 28, 2022 Amortized Cost Unrealized Gains Unrealized Losses Estimated Fair Value Municipal bonds $ 10,136 $ — $ 32 $ 10,104 Commercial paper 14,940 — 72 14,868 Corporate bonds 74,167 — 483 73,684 Certificates of deposits 1,263 — 18 1,245 US government and agency obligations 2,205 4 — 2,209 Asset backed securities 13,456 — 137 13,319 Total current $ 116,167 $ 4 $ 742 $ 115,429 Mutual funds $ 3,826 $ — $ 74 $ 3,752 Total noncurrent $ 3,826 $ — $ 74 $ 3,752 Available-for-sale Proceeds from sales 132.7 76.4 thirty-nine weeks ended February 38 181 the thirty-nine weeks ended February 25, 2023 and 64 67 were no Actual maturities without penalties. Contractual maturities of current investments at February Estimated Fair Value Within one year $ 345,765 1-5 years 77,653 Total $ 423,418 Noncurrent Proceeds from sales and maturities of noncurrent investment securities 1.8 4.9 weeks ended February 25, 6 2.2 thirty-nine 66 no ended February 26, 2022.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Feb. 25, 2023
Fair Value Measurements [Abstract]
Fair Value Measurements	Note 3 - Fair Value The Company hierarchy. The knowledgeable, and willing be settle the liability with the creditor. • Level 1 • Level 2 directly or indirectly, ◦ Quoted prices for similar assets or liabilities in active markets ◦ Quoted prices for identical or similar assets in non-active markets ◦ Inputs other than quoted prices that are observable for the asset or liability ◦ Inputs derived principally from or corroborated by other observable market • Level 3 significant to the fair value of the assets or liabilities The disclosures of fair value of certain financial assets and liabilities that are recorded Cash and cash equivalents, accounts receivable, short maturity of these instruments. Lease obligations: Assets and Liabilities Measured at Fair In liabilities measured at fair value on a recurring basis as of February 25, 2023 and May 28, February 25, 2023 Level 1 Level 2 Level 3 Balance Assets Municipal bonds $ — $ 20,883 $ — $ 20,883 Commercial paper — 95,490 — 95,490 Corporate bonds — 136,340 — 136,340 US government and agency obligations — 94,642 — 94,642 Asset backed securities — 14,905 — 14,905 Treasury bills — 61,158 — 61,158 Mutual funds 2,026 — — 2,026 Total assets measured at fair $ 2,026 $ 423,418 $ — $ 425,444 May 28, 2022 Level 1 Level 2 Level 3 Balance Assets Municipal bonds $ — $ 10,104 $ — $ 10,104 Commercial paper — 14,868 — 14,868 Corporate bonds — 73,684 — 73,684 Certificates of deposits — 1,245 — 1,245 US government and agency obligations — 2,209 — 2,209 Asset backed securities — 13,319 — 13,319 Mutual funds 3,752 — — 3,752 Total assets measured at fair $ 3,752 $ 115,429 $ — $ 119,181 Investment when purchased. We Observable inputs for these securities are yields, credit risks, default rates, and volatility.

Inventories

Inventories	9 Months Ended
	Feb. 25, 2023
Inventories [Abstract]
Inventories	Note 4 - Inventories Inventories consisted of the following as of February 25, 2023 and February 25, 2023 May 28, 2022 Flocks, net of amortization $ 158,209 $ 144,051 Eggs and egg products 27,925 26,936 Feed and supplies 104,735 92,329 $ 290,869 $ 263,316 We breeders (male and female 25, 2023 9.9 11.5 43.3 42.2

Equity

Equity	9 Months Ended
	Feb. 25, 2023
Equity [Abstract]
Equity	Note 5 - Equity The following reflects thousands): Thirteen Weeks Cal-Maine Foods, Inc. Stockholders Common Stock Class A Treasury Paid In Accum. Other Retained Noncontrolling Amount Amount Amount Capital Comp. Loss Earnings Interest Total Balance at November 26, 2022 $ 703 $ 48 $ (28,496) $ 70,005 $ (3,087) $ 1,281,784 $ (652) $ 1,320,305 Other comprehensive income, net of tax — — — — 20 — — 20 Stock compensation plan transactions — — (1,500) 972 — — — (528) Dividends ($ 2.199 per share) Common — — — — — (97,123) — (97,123) Class A common — — — — — (10,555) — (10,555) Net income (loss) — — — — — 323,219 (450) 322,769 Balance at February 25, 2023 $ 703 $ 48 $ (29,996) $ 70,977 $ (3,067) $ 1,497,325 $ (1,102) $ 1,534,888 Thirty-nine Weeks Ended Cal-Maine Foods, Inc. Stockholders Common Stock Class A Treasury Paid In Accum. Other Retained Noncontrolling Amount Amount Amount Capital Comp. Loss Earnings Interest Total Balance at May 28, 2022 $ 703 $ 48 $ (28,447) $ 67,989 $ (1,596) $ 1,065,854 $ (206) $ 1,104,345 Other comprehensive loss, net of tax — — — — (1,471) — — (1,471) Stock compensation plan transactions — — (1,549) 2,988 — — — 1,439 Dividends ($ 5.756 per share) Common — — — — — (194,478) — (194,478) Class A common — — — — — (21,144) — (21,144) Net income (loss) — — — — — 647,093 (896) 646,197 Balance at February 25, 2023 $ 703 $ 48 $ (29,996) $ 70,977 $ (3,067) $ 1,497,325 $ (1,102) $ 1,534,888 Thirteen Weeks Cal-Maine Foods, Inc. Stockholders Common Stock Class A Treasury Paid In Accum. Other Retained Noncontrolling Amount Amount Amount Capital Comp. Loss Earnings Interest Total Balance at November 27, 2021 $ 703 $ 48 $ (27,450) $ 66,019 $ (996) $ 959,124 $ (25) $ 997,423 Other comprehensive loss, net of tax — — — — (417) — — (417) Stock compensation plan transactions — — (989) 890 — — — (99) Dividends ($ 0.125 per share) Common — — — — — (5,518) — (5,518) Class A common — — — — — (600) — (600) Net income (loss) — — — — — 39,517 (63) 39,454 Balance at February 26, 2022 $ 703 $ 48 $ (28,439) $ 66,909 $ (1,413) $ 992,523 $ (88) $ 1,030,243 Thirty-nine Weeks Ended Cal-Maine Foods, Inc. Stockholders Common Stock Class A Treasury Paid In Accum. Other Retained Noncontrollin g Amount Amount Amount Capital Comp. Loss Earnings Interest Total Balance at May 29, 2021 $ 703 $ 48 $ (27,433) $ 64,044 $ (558) $ 975,977 $ — $ 1,012,781 Other comprehensive loss, net of tax — — — — (855) — — (855) Stock compensation plan transactions — — (1,006) 2,865 — — — 1,859 Contributions — — — — — — 3 3 Dividends ($ 0.125 per share) Common — — — — — (5,518) — (5,518) Class A common — — — — — (600) — (600) Net income (loss) — — — — — 22,664 (91) 22,573 Balance at February 26, 2022 $ 703 $ 48 $ (28,439) $ 66,909 $ (1,413) $ 992,523 (88) $ 1,030,243

Net Income per Common Share

Net Income per Common Share	9 Months Ended
	Feb. 25, 2023
Net Income per Common Share [Abstract]
Net Income per Common Share	Note 6 - Net Income per Common Share Basic net income net dilutive effect of share-based awards. The income per common share (amounts in thousands, except per share data): Thirteen Weeks Thirty-nine Weeks Ended February 25, 2023 February 26, 2022 February 25, 2023 February 26, 2022 Numerator Net income $ 322,769 $ 39,454 $ 646,197 $ 22,573 Less: Loss attributable to noncontrolling interest (450) (63) (896) (91) Net income attributable to Cal-Maine Foods, Inc. $ 323,219 $ 39,517 $ 647,093 $ 22,664 Denominator Weighted-average outstanding, basic 48,653 48,886 48,634 48,888 Effect of dilutive restricted shares 189 150 198 147 Weighted-average outstanding, diluted 48,842 49,036 48,832 49,035 Net income per common share attributable to Cal-Maine Foods, Inc. Basic $ 6.64 $ 0.81 $ 13.31 $ 0.46 Diluted $ 6.62 $ 0.81 $ 13.25 $ 0.46

Revenue from Contracts with Cus

Revenue from Contracts with Customers	9 Months Ended
	Feb. 25, 2023
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	Note 7 – Revenue from Contracts with Customers Satisfaction of Performance Obligation The vast majority of the Company’s for products. Pricing establishes the contract for that order. Revenues are shell eggs of satisfaction customer agreeing upon the order. Returns and Refunds Some of our contracts customer return with a corresponding reduction in trade accounts receivable. Sales Incentives Provided to Customers The discount offers a minimum reduction reduction historical ‘‘Net sales.’’ Disaggregation of Revenue The following table provides revenue disaggregated by product category Thirteen Weeks Thirty-nine Weeks Ended February 25, 2023 February 26, 2022 February 25, 2023 February 26, 2022 Conventional shell egg sales $ 689,022 $ 280,633 $ 1,656,528 $ 683,805 Specialty shell egg sales 272,205 182,945 700,803 462,320 Egg products 32,582 12,749 88,274 33,516 Other 3,684 1,158 11,932 4,554 $ 997,493 $ 477,485 $ 2,457,537 $ 1,184,195 Contract Costs The Company can incur costs to one year, and is contract assets was immaterial. Contract Balances The Company receives payment from customers based on specified terms that There are rarely contract assets or liabilities related to performance under the

Stock Based Compensation

Stock Based Compensation	9 Months Ended
	Feb. 25, 2023
Stock Based Compensation [Abstract]
Stock Based Compensation	Note 8 - Stock Based Compensation Total 3.1 3.0 February 26, 2022, respectively. Unrecognized Restated 8.4 average period of 2.3 16: Stock Compensation Plans in our 2022 Annual Report for further informat The Company’s restricted share activity Number of Shares Weighted Average Grant Date Fair Value Outstanding, May 28, 2022 317,844 $ 39.12 Granted 84,969 54.10 Vested (97,954) 38.25 Forfeited (8,480) 39.22 Outstanding, February 25, 2023 296,379 $ 43.70

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Feb. 25, 2023
Commitments and Contingencies [Abstract]
Commitments and Contingencies	Note 9 - Commitments and Contingencies Financial Instruments The 4.1 under companies and are not recorded as a liability on the consolidated balance LEGAL PROCEEDINGS State of Texas On April of Court of violation (“DTPA”). COVID-19 permanent $ 100,000 prejudice. On September First proceedings. On October the review. Appellate briefs are not yet due. Management believes the risk of material loss related Bell et al. v. Cal-Maine Foods et al. On 1:20-cv-461, producers, and farms. Plaintiffs assert that defendants for eggs Plaintiffs seek to enjoin eggs prior 10,000 250,000 each violation motion to motion to judge dismissed without prejudice for lack of subject matter jurisdiction. On prejudice. complaint. On March 15, 2022, et al., first class action dismiss. On February Circuit, believes the risk of material loss related to both matters to be remote. Kraft Foods Global, Inc. et al. v. As previously cases involving plaintiffs who sought substantial remaining plaintiffs The Kellogg Company. On September the MDL No. 2002, to Egg defendants illegally to raise the prices that plaintiffs certain features of producers. The and seek treble money damages. cancelled the On schedule and the Court has set the trial for October 16, 2023. In addition, dismissing condition or results of operations. On November 11, 2022, the court dismissed the Company with prejudice. The Company intends to on resolution of management Products Plaintiffs, due legal arguments different other than compensatory damages (i.e., injunction and treble money damages). State of Oklahoma Watershed Pollution On June 18, against Cal-Maine and litter the sought Foods, purchased 100 % operation within number of small contract producers that operate in the area. The non-jury trial in the case began in September 2009 findings of defendants producers reach extended the with the from the case, at the a range of with injunctive relief or that existed at the time, the lack of guidance from of negotiations would be, although we believe that our share compared to the other defendants is small. Other Matters In addition to outcome of the final outcome should not have a material effect on the Company’s

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policy)	9 Months Ended
	Feb. 25, 2023
Summary of Significant Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The “we,” “us,” “our”) in reporting and should “2022 statement of the results for recurring nature. year.
Fiscal Year	Fiscal Year The Company’s ended on February 25, 2023 and February 26, 2022 included 13 weeks
Use of Estimates	Use of Estimates The preparation of the assumptions could differ from those estimates.
Investment Securities	Investment Securities Our investment 320”). restrictions current, because the with income paid-in conditions to assess and record any expected credit losses through value determined by the Company’s assets” in the Company’s Condensed
Trade Receivables	Trade Receivables Trade receivables are stated at their carrying 28, 709 775 customers based on The monitoring historical loss information adjusted as needed for economic and
New Accounting Pronouncements and Policies	New Accounting Pronouncements and Policies No new accounting pronouncement issued or effective Consolidated Financial Statements.
Reclassification	Reclassification Certain presentation. These reclassifications had no effect on
Dividends Payable	Dividends Payable We The Company quarter for in an amount 1/3 ) of such following the to shareholders of record on the 65th day after the Following a quarter for which the Company does not report net income not pay a dividend date of the most recent quarter for which a dividend was paid. New Accounting Pronouncements and Policies No new accounting pronouncement issued or effective Consolidated Financial Statements. Reclassification Certain presentation. These reclassifications had no effect on

Investment Securities (Tables)

Investment Securities (Tables)	9 Months Ended
	Feb. 25, 2023
Investments Securities [Abstract]
Schedule Of Investment Securities	February 25, 2023 Amortized Cost Unrealized Gains Unrealized Losses Estimated Fair Value Municipal bonds $ 21,158 $ — $ 275 $ 20,883 Commercial paper 95,612 — 122 95,490 Corporate bonds 138,004 — 1,664 136,340 US government and agency obligations 94,941 — 299 94,642 Asset backed securities 15,132 — 227 14,905 Treasury bills 61,215 — 57 61,158 Total current $ 426,062 $ — $ 2,644 $ 423,418 Mutual funds $ 2,162 $ — $ 136 $ 2,026 Total noncurrent $ 2,162 $ — $ 136 $ 2,026 May 28, 2022 Amortized Cost Unrealized Gains Unrealized Losses Estimated Fair Value Municipal bonds $ 10,136 $ — $ 32 $ 10,104 Commercial paper 14,940 — 72 14,868 Corporate bonds 74,167 — 483 73,684 Certificates of deposits 1,263 — 18 1,245 US government and agency obligations 2,205 4 — 2,209 Asset backed securities 13,456 — 137 13,319 Total current $ 116,167 $ 4 $ 742 $ 115,429 Mutual funds $ 3,826 $ — $ 74 $ 3,752 Total noncurrent $ 3,826 $ — $ 74 $ 3,752
Schedule Of Contractual Maturities Of Investment Securities	Estimated Fair Value Within one year $ 345,765 1-5 years 77,653 Total $ 423,418

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Feb. 25, 2023
Fair Value Measurements [Abstract]
Schedule Of Assets Measured At Fair Value On A Recurring Basis	February 25, 2023 Level 1 Level 2 Level 3 Balance Assets Municipal bonds $ — $ 20,883 $ — $ 20,883 Commercial paper — 95,490 — 95,490 Corporate bonds — 136,340 — 136,340 US government and agency obligations — 94,642 — 94,642 Asset backed securities — 14,905 — 14,905 Treasury bills — 61,158 — 61,158 Mutual funds 2,026 — — 2,026 Total assets measured at fair $ 2,026 $ 423,418 $ — $ 425,444 May 28, 2022 Level 1 Level 2 Level 3 Balance Assets Municipal bonds $ — $ 10,104 $ — $ 10,104 Commercial paper — 14,868 — 14,868 Corporate bonds — 73,684 — 73,684 Certificates of deposits — 1,245 — 1,245 US government and agency obligations — 2,209 — 2,209 Asset backed securities — 13,319 — 13,319 Mutual funds 3,752 — — 3,752 Total assets measured at fair $ 3,752 $ 115,429 $ — $ 119,181

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Feb. 25, 2023
Inventories [Abstract]
Schedule of Inventories	February 25, 2023 May 28, 2022 Flocks, net of amortization $ 158,209 $ 144,051 Eggs and egg products 27,925 26,936 Feed and supplies 104,735 92,329 $ 290,869 $ 263,316

Equity (Tables)

Equity (Tables)	9 Months Ended
	Feb. 25, 2023
Equity [Abstract]
Summary of Equity Activity	Thirteen Weeks Cal-Maine Foods, Inc. Stockholders Common Stock Class A Treasury Paid In Accum. Other Retained Noncontrolling Amount Amount Amount Capital Comp. Loss Earnings Interest Total Balance at November 26, 2022 $ 703 $ 48 $ (28,496) $ 70,005 $ (3,087) $ 1,281,784 $ (652) $ 1,320,305 Other comprehensive income, net of tax — — — — 20 — — 20 Stock compensation plan transactions — — (1,500) 972 — — — (528) Dividends ($ 2.199 per share) Common — — — — — (97,123) — (97,123) Class A common — — — — — (10,555) — (10,555) Net income (loss) — — — — — 323,219 (450) 322,769 Balance at February 25, 2023 $ 703 $ 48 $ (29,996) $ 70,977 $ (3,067) $ 1,497,325 $ (1,102) $ 1,534,888 Thirty-nine Weeks Ended Cal-Maine Foods, Inc. Stockholders Common Stock Class A Treasury Paid In Accum. Other Retained Noncontrolling Amount Amount Amount Capital Comp. Loss Earnings Interest Total Balance at May 28, 2022 $ 703 $ 48 $ (28,447) $ 67,989 $ (1,596) $ 1,065,854 $ (206) $ 1,104,345 Other comprehensive loss, net of tax — — — — (1,471) — — (1,471) Stock compensation plan transactions — — (1,549) 2,988 — — — 1,439 Dividends ($ 5.756 per share) Common — — — — — (194,478) — (194,478) Class A common — — — — — (21,144) — (21,144) Net income (loss) — — — — — 647,093 (896) 646,197 Balance at February 25, 2023 $ 703 $ 48 $ (29,996) $ 70,977 $ (3,067) $ 1,497,325 $ (1,102) $ 1,534,888 Thirteen Weeks Cal-Maine Foods, Inc. Stockholders Common Stock Class A Treasury Paid In Accum. Other Retained Noncontrolling Amount Amount Amount Capital Comp. Loss Earnings Interest Total Balance at November 27, 2021 $ 703 $ 48 $ (27,450) $ 66,019 $ (996) $ 959,124 $ (25) $ 997,423 Other comprehensive loss, net of tax — — — — (417) — — (417) Stock compensation plan transactions — — (989) 890 — — — (99) Dividends ($ 0.125 per share) Common — — — — — (5,518) — (5,518) Class A common — — — — — (600) — (600) Net income (loss) — — — — — 39,517 (63) 39,454 Balance at February 26, 2022 $ 703 $ 48 $ (28,439) $ 66,909 $ (1,413) $ 992,523 $ (88) $ 1,030,243 Thirty-nine Weeks Ended Cal-Maine Foods, Inc. Stockholders Common Stock Class A Treasury Paid In Accum. Other Retained Noncontrollin g Amount Amount Amount Capital Comp. Loss Earnings Interest Total Balance at May 29, 2021 $ 703 $ 48 $ (27,433) $ 64,044 $ (558) $ 975,977 $ — $ 1,012,781 Other comprehensive loss, net of tax — — — — (855) — — (855) Stock compensation plan transactions — — (1,006) 2,865 — — — 1,859 Contributions — — — — — — 3 3 Dividends ($ 0.125 per share) Common — — — — — (5,518) — (5,518) Class A common — — — — — (600) — (600) Net income (loss) — — — — — 22,664 (91) 22,573 Balance at February 26, 2022 $ 703 $ 48 $ (28,439) $ 66,909 $ (1,413) $ 992,523 (88) $ 1,030,243

Net Income per Common Share (Ta

Net Income per Common Share (Tables)	9 Months Ended
	Feb. 25, 2023
Net Income per Common Share [Abstract]
Computation of Basic and Diluted Net Income Per Share	Thirteen Weeks Thirty-nine Weeks Ended February 25, 2023 February 26, 2022 February 25, 2023 February 26, 2022 Numerator Net income $ 322,769 $ 39,454 $ 646,197 $ 22,573 Less: Loss attributable to noncontrolling interest (450) (63) (896) (91) Net income attributable to Cal-Maine Foods, Inc. $ 323,219 $ 39,517 $ 647,093 $ 22,664 Denominator Weighted-average outstanding, basic 48,653 48,886 48,634 48,888 Effect of dilutive restricted shares 189 150 198 147 Weighted-average outstanding, diluted 48,842 49,036 48,832 49,035 Net income per common share attributable to Cal-Maine Foods, Inc. Basic $ 6.64 $ 0.81 $ 13.31 $ 0.46 Diluted $ 6.62 $ 0.81 $ 13.25 $ 0.46

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	9 Months Ended
	Feb. 25, 2023
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	Thirteen Weeks Thirty-nine Weeks Ended February 25, 2023 February 26, 2022 February 25, 2023 February 26, 2022 Conventional shell egg sales $ 689,022 $ 280,633 $ 1,656,528 $ 683,805 Specialty shell egg sales 272,205 182,945 700,803 462,320 Egg products 32,582 12,749 88,274 33,516 Other 3,684 1,158 11,932 4,554 $ 997,493 $ 477,485 $ 2,457,537 $ 1,184,195

Stock Based Compensation (Table

Stock Based Compensation (Tables)	9 Months Ended
	Feb. 25, 2023
Stock Based Compensation [Abstract]
Summary of Equity Award Activity	Number of Shares Weighted Average Grant Date Fair Value Outstanding, May 28, 2022 317,844 $ 39.12 Granted 84,969 54.10 Vested (97,954) 38.25 Forfeited (8,480) 39.22 Outstanding, February 25, 2023 296,379 $ 43.70

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Feb. 25, 2023	Feb. 26, 2022	Feb. 25, 2023	Feb. 26, 2022	May 28, 2022
Significant Accounting Policies [Line Items]
Fiscal period duration	91 days	91 days	273 days	273 days
Reserves for credit losses	$ 709		$ 709		$ 775
Percentage of net income loss used to compute accrued dividends			33.33%
Cost of sales	534,467	$ 385,903	$ 1,459,172	$ 1,042,221
Operating Income Loss	407,783	39,570	831,501	(2,162)
Net income	322,769	39,454	646,197	22,573
Retained Earnings [Member]
Significant Accounting Policies [Line Items]
Net income	$ 323,219	$ 39,517	$ 647,093	$ 22,664

Investment Securities (Narrativ

Investment Securities (Narrative) (Details) - USD ($)	9 Months Ended
	Feb. 25, 2023	Feb. 26, 2022	May 28, 2022
Investments Securities [Abstract]
Proceeds from sale of available-for-sale securities, current	$ 132,700,000	$ 76,400,000
Proceeds from sale of available-for-sale securities, noncurrent	1,800,000	4,900,000
Gross realized gains on sales of available-for-sale securities, current	38,000	181,000
Gross realized gains on sales of available-for-sale securities, noncurrent	6,000	2,200,000
Gross realized losses on sales of available-for-sale securities, current	64,000	67,000
Gross realized losses on sales of available-for-sale securities, noncurrent	66,000	$ 0
Allowance for credit losses	$ 0		$ 0

Investment Securities (Schedule

Investment Securities (Schedule of Investment Securities) (Details) - USD ($) $ in Thousands	Feb. 25, 2023	May 28, 2022
Debt Securities, Available-for-sale [Line Items]
Amortized Cost, Current	$ 426,062	$ 116,167
Unrealized Gains, Current	0	4
Unrealized Losses, Current	2,644	742
Estimated Fair Value, Current	423,418	115,429
Amortized Cost, Noncurrent	2,162	3,826
Unrealized Gains, Noncurrent	0	0
Unrealized Losses, Noncurrent	136	74
Estimated Fair Value, Noncurrent	2,026	3,752
Municipal Bonds [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost, Current	21,158	10,136
Unrealized Gains, Current	0	0
Unrealized Losses, Current	275	32
Estimated Fair Value, Current	20,883	10,104
Commercial Paper [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost, Current	95,612	14,940
Unrealized Gains, Current	0	0
Unrealized Losses, Current	122	72
Estimated Fair Value, Current	95,490	14,868
Corporate Bonds [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost, Current	138,004	74,167
Unrealized Gains, Current	0	0
Unrealized Losses, Current	1,664	483
Estimated Fair Value, Current	136,340	73,684
Certificates of Deposits [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost, Current		1,263
Unrealized Gains, Current		0
Unrealized Losses, Current		18
Estimated Fair Value, Current		1,245
US Government and Agency Obligations [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost, Current	94,941	2,205
Unrealized Gains, Current	0	4
Unrealized Losses, Current	299	0
Estimated Fair Value, Current	94,642	2,209
Asset Backed Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost, Current	15,132	13,456
Unrealized Gains, Current	0	0
Unrealized Losses, Current	227	137
Estimated Fair Value, Current	14,905	13,319
Treasury Bills [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost, Current	61,215
Unrealized Gains, Current	0
Unrealized Losses, Current	57
Estimated Fair Value, Current	61,158
Mutual Funds [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost, Noncurrent	2,162	3,826
Unrealized Gains, Noncurrent	0	0
Unrealized Losses, Noncurrent	136	74
Estimated Fair Value, Noncurrent	$ 2,026	$ 3,752

Investment Securities (Schedu_2

Investment Securities (Schedule of Contractual Maturities of Investment Securities) (Details) - USD ($) $ in Thousands	Feb. 25, 2023	May 28, 2022
Investments Securities [Abstract]
Within one year	$ 345,765
1-5 years	77,653
Total	$ 423,418	$ 115,429

Fair Value Measurements (Schedu

Fair Value Measurements (Schedule of Assets Measured at Fair Value on A Recurring Basis) (Details) - USD ($) $ in Thousands	Feb. 25, 2023	May 28, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	$ 425,444	$ 119,181
Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	2,026	3,752
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	423,418	115,429
Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	0	0
Municipal Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	20,883	10,104
Municipal Bonds [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	0	0
Municipal Bonds [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	20,883	10,104
Municipal Bonds [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	0	0
Commercial Paper [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	95,490	14,868
Commercial Paper [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	0	0
Commercial Paper [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	95,490	14,868
Commercial Paper [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	0	0
Corporate Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	136,340	73,684
Corporate Bonds [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	0	0
Corporate Bonds [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	136,340	73,684
Corporate Bonds [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	0	0
Certificates of Deposits [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value		1,245
Certificates of Deposits [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value		0
Certificates of Deposits [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value		1,245
Certificates of Deposits [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value		0
US Government and Agency Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	94,642	2,209
US Government and Agency Obligations [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	0	0
US Government and Agency Obligations [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	94,642	2,209
US Government and Agency Obligations [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	0	0
Asset Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	14,905	13,319
Asset Backed Securities [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	0	0
Asset Backed Securities [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	14,905	13,319
Asset Backed Securities [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	0	0
Treasury Bills [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	61,158
Treasury Bills [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	0
Treasury Bills [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	61,158
Treasury Bills [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	0
Mutual Funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	2,026	3,752
Mutual Funds [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	2,026	3,752
Mutual Funds [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	0	0
Mutual Funds [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	$ 0	$ 0

Inventories (Narrative) (Detail

Inventories (Narrative) (Details) pullet_and_breeder in Millions, Layers in Millions	Feb. 25, 2023 Layers pullet_and_breeder	May 28, 2022 Layers pullet_and_breeder
Inventories [Abstract]
Pullets and breeders | pullet_and_breeder	9.9	11.5
Layers | Layers	43.3	42.2

Inventories (Schedule Of Invent

Inventories (Schedule Of Inventories) (Details) - USD ($) $ in Thousands	Feb. 25, 2023	May 28, 2022
Inventories [Abstract]
Flocks, net of amortization	$ 158,209	$ 144,051
Eggs and egg products	27,925	26,936
Feed and supplies	104,735	92,329
Total inventories	$ 290,869	$ 263,316

Equity (Summary of Equity Activ

Equity (Summary of Equity Activity) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Feb. 25, 2023	Feb. 26, 2022	Feb. 25, 2023	Feb. 26, 2022
Beginning balance	$ 1,320,305	$ 997,423	$ 1,104,345	$ 1,012,781
Other comprehensive loss, net of tax	20	(417)	(1,471)	(855)
Stock compensation plan transactions	(528)	(99)	1,439	1,859
Contributions		0		3
Net income	322,769	39,454	646,197	22,573
Ending balance	$ 1,534,888	$ 1,030,243	$ 1,534,888	$ 1,030,243
Dividends per common share (in dollars per share)	$ 2.199	$ 0.125	$ 5.756	$ 0.125
Common Stock [Member]
Beginning balance	$ 703	$ 703	$ 703	$ 703
Ending balance	703	703	703	703
Treasury Stock [Member]
Beginning balance	(28,496)	(27,450)	(28,447)	(27,433)
Stock compensation plan transactions	(1,500)	(989)	(1,549)	(1,006)
Ending balance	(29,996)	(28,439)	(29,996)	(28,439)
Paid In Capital [Member]
Beginning balance	70,005	66,019	67,989	64,044
Stock compensation plan transactions	972	890	2,988	2,865
Ending balance	70,977	66,909	70,977	66,909
Accum. Other Comp. Loss [Member]
Beginning balance	(3,087)	(996)	(1,596)	(558)
Other comprehensive loss, net of tax	20	(417)	(1,471)	(855)
Ending balance	(3,067)	(1,413)	(3,067)	(1,413)
Retained Earnings [Member]
Beginning balance	1,281,784	959,124	1,065,854	975,977
Net income	323,219	39,517	647,093	22,664
Ending balance	1,497,325	992,523	1,497,325	992,523
Noncontrolling Interest [Member]
Beginning balance	(652)	(25)	(206)	0
Contributions		0		3
Net income	(450)	(63)	(896)	(91)
Ending balance	(1,102)	(88)	(1,102)	(88)
Common Stock [Member]
Dividends	(97,123)	(5,518)	(194,478)	(5,518)
Common Stock [Member] | Retained Earnings [Member]
Dividends	(97,123)	(5,518)	(194,478)	(5,518)
Class A Common Stock [Member]
Dividends	(10,555)	(600)	(21,144)	(600)
Class A Common Stock [Member] | Common Stock [Member]
Beginning balance	48	48	48	48
Ending balance	48	48	48	48
Class A Common Stock [Member] | Retained Earnings [Member]
Dividends	$ (10,555)	$ (600)	$ (21,144)	$ (600)

Net Income per Common Share (Co

Net Income per Common Share (Computation of Basic and Diluted Net Income Per Share) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Feb. 25, 2023	Feb. 26, 2022	Feb. 25, 2023	Feb. 26, 2022
Net Income per Common Share [Abstract]
Net income	$ 322,769	$ 39,454	$ 646,197	$ 22,573
Less: Loss attributable to noncontrolling interest	(450)	(63)	(896)	(91)
Net income attributable to Cal-Maine Foods, Inc.	$ 323,219	$ 39,517	$ 647,093	$ 22,664
Denominator
Weighted-average common shares outstanding, basic (in shares)	48,653	48,886	48,634	48,888
Effect of dilutive restricted shares (in shares)	189	150	198	147
Weighted-average common shares outstanding, diluted (in shares)	48,842	49,036	48,832	49,035
Net income per common share attributable to Cal-Maine Foods, Inc.
Basic (in dollars per share)	$ 6.64	$ 0.81	$ 13.31	$ 0.46
Diluted (in dollars per share)	$ 6.62	$ 0.81	$ 13.25	$ 0.46

Revenue from Contract with Cust

Revenue from Contract with Customer (Disaggregation of Revenue) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Feb. 25, 2023	Feb. 26, 2022	Feb. 25, 2023	Feb. 26, 2022
Disaggregation of Revenue [Line Items]
Net sales	$ 997,493	$ 477,485	$ 2,457,537	$ 1,184,195
Conventional shell egg sales [Member]
Disaggregation of Revenue [Line Items]
Net sales	689,022	280,633	1,656,528	683,805
Specialty shell egg sales [Member]
Disaggregation of Revenue [Line Items]
Net sales	272,205	182,945	700,803	462,320
Egg products [Member]
Disaggregation of Revenue [Line Items]
Net sales	32,582	12,749	88,274	33,516
Other [Member]
Disaggregation of Revenue [Line Items]
Net sales	$ 3,684	$ 1,158	$ 11,932	$ 4,554

Stock Based Compensation (Narra

Stock Based Compensation (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Feb. 26, 2022	Feb. 25, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense		$ 8.4
Weighted average period of unrecognized compensation expense		2 years 3 months 18 days
Stock based compensation expense	$ 3	$ 3.1

Stock Based Compensation (Summa

Stock Based Compensation (Summary of Equity Award Activity) (Details)	9 Months Ended
	Feb. 25, 2023 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Number of Shares, Outstanding, Beginning Balance (in shares) | shares	317,844
Number of Shares, Granted (in shares) | shares	84,969
Number of Shares, Vested (in shares) | shares	(97,954)
Number of Shares, Forfeited (in shares) | shares	(8,480)
Number of Shares, Outstanding, Ending Balance (in shares) | shares	296,379
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Weighted Average Grant Date Fair Value, Outstanding, Beginning Balance (in dollars per share) | $ / shares	$ 39.12
Weighted Average Grant Date Fair Value, Granted (in dollars per share) | $ / shares	54.10
Weighted Average Grant Date Fair Value, Vested (in dollars per share) | $ / shares	38.25
Weighted Average Grant Date Fair Value, Forfeited (in dollars per share) | $ / shares	39.22
Weighted Average Grant Date Fair Value, Outstanding, Ending Balance (in dollars per share) | $ / shares	$ 43.70

Commitments and Contingencies (

Commitments and Contingencies (Narrative) (Details)		9 Months Ended
	Apr. 23, 2020 USD ($)	Feb. 25, 2023 USD ($) $ / Claim	Feb. 26, 2022
Credit Agreement [Member] | Standby Letters of Credit [Member]
Loss Contingencies [Line Items]
Amount outstanding | $		$ 4,100,000
Benton County Foods [Member]
Loss Contingencies [Line Items]
Ownership interest			100%
Pending Litigation | State of Texas v. Cal-Maine Foods, Inc. d/b/a Wharton; and Wharton County Foods, LLC [Member]
Loss Contingencies [Line Items]
Damages sought | $	$ 100,000
Pending Litigation | Bell et al. v. Cal-Maine Foods et al. [Member] | Minimum [Member]
Loss Contingencies [Line Items]
Damages sought per claim | $ / Claim		10,000
Pending Litigation | Bell et al. v. Cal-Maine Foods et al. [Member] | Maximum [Member]
Loss Contingencies [Line Items]
Damages sought per claim | $ / Claim		250,000