Most dimension Lumber, 2" in nominal thickness, is surfaced at the mill to the dry standard and would show S-Dry on the grade stamp.. The dry standard requires the material to be at a moisture content of 19% or less at the time of surfacing. So most 2x4's, 2x8's, 2x10's & 2x12's are at a moisture content close to 19% when they are surfaced.
Field studies have shown that S-Dry lumber averages around 15% moisture content by the time it reaches the job site. There is also a MC-15 standard that requires the material to be less then 15% at the time of surfacing.
Dimension lumber 3" to 4" in thickness and all timbers are surfaced green, with a moisture content exceeding 30% at the time of surfacing.