The present invention mainly relates to the technical field of breeding and discloses a feed additive used for pregnant ewes in a late period. The feed additive is prepared from the following raw materials: egg shells, walnuts, green papayas, folium ginkgo, camphor tree leaves, flos sophorae immaturus, semen pruni, herb of virgate lespedeza, sea buckthorn seed oil, fructooligosaccharides, compound proteins, compound minerals, compound vitamins and grape wine yeasts. The feed additive is rich in raw materials and balanced in nutrition, protects gastrointestinal functions of the ewes, is easy to digest and absorb, reduces sickness rate of the ewes by 4.7%, promotes the growth and development of fetuses, decreases miscarriage rate by 3.2%, significantly improves the breeding efficiency, and increases economic incomes of farmers by 9.8%. The eggshells, walnuts and green papayas are subjected to primary fermentation with the grape wine yeasts, fragrance components are increased, palatability is improved, the feed additive is balanced in nutrition, promotes digestion and absorption of the ewes, improves feed utilization and disease resistance of the ewes, speeds up the secretion of milk, is conducive to fetal growth, and increases the survival rate of lambs by 3.6%.