Livestock manure waste (LMW) has turned into an important source of greenhouse gas emissions. Livestock manure waste recycling (LMWR) has great significance for reducing greenhouse gas emissions in the LMW management process. For a long time, the government has mainly adopted environmental regulation to accelerate LMWR, but the recycling degree is still low. The objective of this study was to assess the impact of environmental regulation on LMWR. Empirical evidence was obtained through methods of in-depth measures and questionnaire investigation from 465 households engaged in breeding pigs in Hebei, Henan, and Hubei, China. The double hurdle model was employed to empirically assess the impact of environmental regulation on household LMWR behavior, and the moderating effects of guiding regulation were further verified. The results were that (1) 62.30% of the households in the sample were willing to implement LMWR behavior, but the recycling degree was only 42.50% of the LMW emission amount. (2) Environmental regulation was found to positively impact household LMWR behavior, while the effects were mainly contributed by imperative and guiding regulation. (3) Guiding regulation was shown to positively moderate the influences of imperative and incentive regulation on household LMWR behavior. (4) The impact of environmental regulation on different scales of household LMWR behavior was found to be heterogeneous. Finally, some recommendations, such as improving subsidy standards, classifying to promote LMWR technology, as well as increasing the matched proportions of planting and breeding, were proposed.