A cover stock supply system for continuously feeding cover stock to a wallboard production line includes: a plurality of cover stock cradles for receiving rolls of cover stock; a splicing table; a cover stock cutter disposed between the cover stock cradles and the splicing table. The cover stock cutter has a positioning loop around a cover stock feed path and a cutting cable attached to the positioning loop. Cutter is configured and adapted to rotatably deploy the cutting cable from the drawn position on a first side of the cover stock feed path to a re-set position on a second side of the cover stock feed path upon motion thereof around the cover stock feed path.