The invention provides a milk replacer for baby pigs using Youtai 685 instead of plasma protein powder, which is prepared from the following raw materials: basic feed for suckling pigs, fish meal, whey powder, lactose, lactoprotein powder, calcium hydrogen phosphate, emulsified oil powder, rock powder, methionine, choline chloride, acidifier, glucose, frankincense type masking agent, complex vitamins for suckling pigs, lysine, probiotics, Youtai 685 and Yiningyi. Since the milk replacer uses the Youtai 685 instead of plasma protein powder, the feed cost is obviously reduced, but the productivity of baby pigs is kept unchanged; and a series of biological safety risks caused by the plasma protein powder are avoided. Besides, the milk replacer can effectively reduce the conditions of poor appetite, digestion disorders, diarrhea, growth retardation, low feed utilization efficiency and the like after baby pigs are weaned, thus providing a guarantee for quick growth of weanling baby pigs.