Yes jeanius80, that is EXACTLY what it is! It comes from a yarn company right here in North Carolina, called Universal Yarn
I found out about the company through one of my piano students. Her daughter models knitted garments for their company, and one of their reps lives in her neighborhood.
I contacted that person, and she gave me LOTS of yarn
for my charity knitting!
(I just love telling that story!)
So, that's the yarn I use whenever I start an Oddball Blanket, or a Red Scarf Project scarf, or a baby hat for the hospital, or anything else I knit for charity.