Anti-trust officials are currently considering reversing a multi-billion dollar merger that created BRF-Brasil Foods (BRFS) in 2009.

FORBES: France's Carrefour Gets Merger Proposal From Brazilian Rival

Food majors like Brasil Foods (BRFS) are hurting because of exports and continually gets re-rated on poor performance.

FORBES: Even In Slow Economy, Brazilians Can't Escape Rising Prices

He announced in mid February that he bought shares of Brasil Foods (BRFS) for his clients at Berkshire Hathaway, sending the stock to record highs, Bloomberg reported.

FORBES: To Russia With Love: Investors Flock to Russia, Not China & Brazil

Brasil Foods ( BRFS) is actually one of best performers, up 4.6 percent over the last 12 months, while defensive utility Cemig ( CIG) is down 32.65 percent.

FORBES: Brazil's Conundrum: The Strong Weak Economy

Among the largest underlying components of MOO, in trading today Potash ( NYSE: POT) is up about 3%, BRF Brasil Foods ( NYSE: BRFS) is up about 1.1%, and Archer Daniels Midland Company ( NYSE: ADM) is higher by about 1.7%.

FORBES: Investors Exiting Agribusiness Stocks -- POT, ADM, BRFS In Focus

Among the largest underlying components of ECON, in trading today Companhia de Bebidas das Americas-AMBEV ( NYSE: ABV) is up about 0.7%, BRF- Brasil Foods S.A. ( NYSE: BRFS) is down about 1.3%, and LATAM Airlines Group SA ( NYSE: LFL) is lower by about 0.5%.

FORBES: ECON, ABV, BRFS, LFL: Large Inflows Detected at ETF