I know very little but it seems a bit weird that green peas and molasses are so high on the ingredient list. I wonder what the NSC is for the grain? It also SUPER low fat (< 4%) which could mean you would have to supplement for all but the easiest keeper.
I like the ingredients ... the whole oats are great and have been shown to be beneficial in helping to control blood sugar; peas provide protein; the alfalfa is organic. The molasses -- well, that's the only drawback for me unless it were Blackstrap molasses which is full of nutrients but not very sweet and then it wouldn't bother me. I like the added yeast, aspergillus, lactobacillus, etc. to aid in gut flora and digestion. Looks like a good feed to me as far as processed feed goes. If I fed processed and could get something like this in my area I would be more comfortable with this than anything else out there in the mkt.
This looks like a very well thought out product -- more natural than most and probably has a little bit of molasses that doesn't bother me at all. All good. You can always add some rice bran to up the fat if you want to. I would go with this in a heart beat.