That's what I feed my mice and rats. I had my mice on dog food and hog feed, but they didn't produce anything for 5 months. They've been on Native Earth 4018 for two weeks now and all the females look preggers. I get it for $0.38 shipped too, which is only 8 cents a lb more than I pay for hog feed.
They also don't stink on it at all. I keep them in 11x7 lab cages, and after 2 weeks I can barely smell anything.