I have found that if you have two adult sheep that are different colors(RedXblue, WhiteXred ect.) and you breed them then their babies will be a mix of those colors. Although, I have tried for a mix of Cyan and Pink but their babies were either Cyan or pink. The mix will only work with primary colors. (NOT Cyan and pink ect.)

Hope I helped. I am a Major Breeder in Minecraft.

I have found that if you have two adult sheep that are different colors  (Red/Blue, White/Red etc) and you breed them, their babies will be a mix of those colors.

However, I have tried mixing Cyan and Pink, but their babies were either Cyan or pink. I believe the 'mixing' will only work with primary colors. (i.e. not Cyan and pink etc)