The invention discloses a resource utilization and treatment method of livestock breeding wastewater, which comprises the following steps of (1) producing biogas through anaerobic digestion, (2) deslagging, (3) performing biological aerated filter (BAF) biochemistry, (4) disinfecting, and (5) manufacturing an organic fertilizer. According to the method, an anaerobic digestion biogas producing technology, a BAF technology and a disinfection technology are combined, the livestock breeding wastewater is taken as a resource and subjected to anaerobic fermentation treatment, the biogas is produced, the wastewater after the biogas is produced is subjected to solid-liquid separation, solid slag serves as a raw material for producing the organic fertilizer, the organic fertilizer is produced, and the wastewater is recycled after the BAF technology and disinfection and is discharged up to a standard, so that the treatment effect is good, the energy consumption is low, the resource is comprehensively utilized, and the method has economic benefits.