I used the term "fully burned" generically -- sorry if I confused anyone. Many shooters couldn't care less about what's happening before the load clears the barrel. In an ideal situation, the powder would be fully consumed and the pressure hit its maximum just before the loads clears. This would produce the lowest "kick" possible, since the acceleration would be more uniform over a longer event time.
Most experienced shot-gunners have noticed, with two seemingly identically loaded shot shells, one may have a sharper kick than the other one. Chances are, the first shell contained a faster burning powder. Why use the faster powder if the slower one has less kick? It's simple economics:
If Red Dot and the slower Green Dot cost the same per pound, and for a given load the recipe calls for 18.0 gr of Red Dot or 19.5 gr of Green Dot most folks would go for the Red Dot. Typically shot shells are loaded with the faster power (within allowable pressures). As the shot charge increases, slower powders must be used to keep the pressure within limits. The shell makers understand this and don't want to spend more than is necessary on powder. Why do you think some of the "low recoil" loads cost more -- you're paying for a heavier charge of slower burning powder.
Mete is correct, with heavier loads, powder may still be burning after the shot leaves the barrel; but, it's no longer contributing to the pressure development. BigJimP is correct, too: Essentially the powder is "Fully burned (generically)" when maximum velocity is obtained (well before the muzzle), additional burning powder is wasted because it only contributes to the blast. Look at the internal ballistic diagrams of various shot shells, the pressure curves go flat (or linear) well before the muzzle -- some much sooner than others. In either case porting won't interfere with the velocity. Unless, as I indicated previously, it's done so far back in the barrel that the velocity hasn't reached its maximum.
Think of porting this way: physics dictates that anything that goes out the ports, doesn't go out the muzzle and will reduce recoil to some extent. If the pressures are high enough, porting may also have a "jet" effect that can be employed to reduce muzzle rise.