The invention discloses a pig feed high in content of selenium elements and a preparation method of the pig feed. The pig feed high in content of selenium elements is prepared from the main raw materials in parts by weight: corncob, corn straw, bean dregs, corn flour, waste residues (waste materials with 30% of water in winery, alcohol plants, starch factories, flour factories and the like) and active bacteria with 5% of selenium elements. The preparation method of the pig feed comprises the following steps: firstly crushing the corncob, the corn straw and the bean dregs to 80-mesh powder, then uniformly mixing and stirring the 80-mesh powder with the corn flour, subsequently adding the active bacteria with 5% of selenium elements to mix uniformly and then put into a fermentation cylinder, then adding the waste residues (containing 30% of water) to uniformly stir, ferment for 72 hours at the temperature being 25 DEG C-35 DEG C, subsequently taking out the materials and putting the raw materials in a drying box, taking out the materials when the content of water reaches 14 safe waters, then putting the materials into a pelletizer to pelletize, taking out part of the powder material, packaging the powder material in bags and storing. The piglets or adult pigs fed by the feed are antiviral, anti-oxidative, anti-aging, non-teratogenic, free of canceration, high in quality of meat, low in cost, high in benefits and wide in market; the piglets are lively; the adult pigs are healthy.