Small fast growth trees contain a large percentage of juvenile wood. The cells of that wood are composed of fibrils oriented at an angle on a bias to the axis rather than in line with the axis as in mature wood of the same species. Shrinkage takes place after the free water has left the cell lumen. When the water bound to the cell wall begins to leave the fibrils move closer together in the cell walls. Mature wood with fibers oriented axially shrinks in width and thickness as it dries. Juvenile and reaction wood shrink lengthwise as well, I've had 16' lumber lose almost an inch of length. Think about the breaking strength difference of this fiber orientation vs the mature wood. Testing on tjuvenile wood has shown it to be highly variable and not for the better. Grading rules turn a pretty blind eye right here...
Shrinkage begins at "fiber saturation point" the point where all the free water is gone and the bound water is what remains. This point is also where most decay fungi cease activity. FSP for most species is around 25%. The wood is also getting harder and less appealing to insects below that point. A board at 45% will squirt in your eye, one at 20% cannot. Sap does not go down, it flows or not, cells die when they embolize.
Old growth ring porous woods like oak are structurally inferior to fast growth oak. They are dimensionally more stable but are lower density, more porous and weaker than fast grown ring porous hardwoods... that is one class of species. Hickory handle manufacturers recognize this and usually will not accept wood with more than 6 rings per inch, it breaks short and brash.
Softwood strength is usually more closely related to percentage of latewood than number of rings per inch, look for a healthy amount of dark rings and secondarily at the ring count, within reason ~6-40 RPI.
Wood does not stop drying and shrinking at 19%, it continues to dry and shrink until it hits "equilibrium moisture content" . EMC is "seasoned" when the wood is at balance with the humidity of the environment it is in. For me, on average, that 19% framing still has about 7% to go before it is at emc. There is no pressure or friction in these blocks, nails in shear from the NDS connections calc.
Timber framers notching beams for drop in joists make a similar argument sometimes, that the joist replaces the notched out material on the compression face and thus the beam is not weakened. The joist shrinks in width and the pressure is gone. I've seen dovetailed drop in oak joists withdraw enough to stuck my little finger in the gap.