The invention provides a formula and a production process of a compound feed, wherein the components of the formula comprise the following components in parts by weight: 20-40 parts of corn, 10-15 parts of puffed corn, 10-15 parts of whey powder, 6-10 parts of puffed beans, 7-15 parts of bean meal, 1-4 parts of fermented bean meal, 2-5 parts of skim milk powder, 3-5 parts of whole milk powder, 1-3parts of sucrose, 1-3 parts of fish meal, 0.5-1.5 parts of bean oil, 0.05-0.1 part of tributyrin, 0.5-1.0 part of an organic mineral substance premixing agent, 0.02-0.05 part of a vitamin premix, 0.05-0.2 part of a compound enzyme preparation, 0.3-0.8 part of stone powder, 0.6-1.5 parts of calcium hydrogen phosphate, 0.1-0.4 part of edible salt, 0.04-1.2 parts of lysine, 0.01-0.3 part of methionine, 0.01-0.3 part of threonine, 0.01-0.3 part of tryptophan, 0.01-0.3 part of phytase, 0.03-0.08 part of a mildew-proof agent, 0.1-0.5 part of chitosan oligosaccharide and 1-3 parts of plant essentialoil. According to the invention, the compound feed does not use any antibiotics, does not have the problem of antibiotic residues, is environmentally friendly, improves the intestinal tract resistance of piglets, is balanced in nutrition, can generate good economic effect, and is beneficial to popularization.