Not at all familiar with that particular system, but sounds like the pump is starving for oil or sucking air instead of oil.
A "wet sump" system has the pump intake located below the oil level, so it should self prime. Possibly a clogged strainer could be restricting it.
A "dry sump" system has the pump located above the oil level and the pump draws oil up to the intake. An air leak in the sump line, or a clogged strainer can cause the problem.
The milky oil could have been air bubbles, especially if it cleared up after it was let stand. Air in the oil is a symptom of clogged strainer, low oil level, air leak in the suction line.
Might post on the Ford forum below for a more specific answer.
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Today's Featured Article - Hydraulics - Cylinder Anatomy - by Curtis von Fange. Let’s make one more addition to our series on hydraulics. I’ve noticed a few questions in the comment section that could pertain to hydraulic cylinders so I thought we could take a short look at this real workhorse of the circuit. Cylinders are the reason for the hydraulic circuit. They take the fluid power delivered from the pump and magically change it into mechanical power. There are many types of cylinders that one might run across on a farm scenario. Each one could take a chapter in
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