Question-and-Answer Session
Operator
Thank you. Our first question comes from Razer [inaudible] from Lehman Brothers.
Unidentified Analyst - Lehman Brothers
Good morning.
O.B. Goolsby, Jr. - President and Chief Executive Officer
Good morning Razer.
Unidentified Analyst - Lehman Brothers
Just as far as the supply and demand outlook. Do you think that the supply and demand outlook that you outlined for USDA would allow you to get your pricing to offset these higher input costs?
O.B. Goolsby, Jr. - President and Chief Executive Officer
Certainly we would like to see the growth on the lower side of that projected number. In fact there are a number of companies projecting ranges lower than the 3% growth for next year. Some as low as 2%, so I think the feed costs will continue to determine the placement of birds going forward. Certainly the strong export markets are going to help handle any increase.
Unidentified Analyst - Lehman Brothers
I see. And now for the kind of cost increase that you outlined in your comments what type of a price increase do you need along with any cost savings to offset that kind of cost increase?
Richard A. Cogdill - Executive Vice President and Chief Financial Officer
Well, we're talking about $350 million approximately in feed cost increases, as we look today or £9 billion
O.B. Goolsby, Jr. - President and Chief Executive Officer
Rick, what is that on a?About $0.04 about on there
About $0.04 on all accounts. Of course there are certain pounds you're not going to get increases on. So your primary products have to carry a larger share of it.
Unidentified Analyst - Lehman Brothers
I see. And I know its early days to right now but, [inaudible] negotiation for annual contracts. Is it going in line with your expectations?
Richard A. Cogdill - Executive Vice President and Chief Financial Officer
I would think for the most part, yes. We're probably about 25% proof and I would say there has not been major surprises. There’s been some disappointments but all in all I think it’s going well.
Unidentified Analyst - Lehman Brothers
Got it. Thank you much.
Operator
Thank you. Our next question comes from Farha Aslam from Stephens Incorporated.
Farha Aslam - Stephens Incorporated
Hi good morning.
O.B. Goolsby, Jr. - President and Chief Executive Officer
Good morning. Farah?
Farha Aslam - Stephens Incorporated
Just some detailed questions. On your feed costs, what percentage of your cost of goods sold for the full year, were feed costs?
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