You have circled the power steering pump. It is complaining due to lack of tranny fluid. When you raise the 3 pt, the rear pump sucks up the fluid supply and the front pump starves. Supply problem!!!!!
I decided to replace the filter and fluid and all seems good now. No more crazy sound and the tires turn normal now. I’m guessing the filter was bad from never being replaced and not really putting the tractor to use as much. Oil and filter change is next. Thank you all for the help and advice.