Yes. When you are not operating anything hydraulic on your tractor the system is open and fluid constantly returns to the reservoir. Very little pressure builds because the pump can freely move the fluid.
Once you start lifting or curling or both, the fluid is diverted to the cylinders and the cylinders move at a rate that is determined by the pump flow and the size of the cylinders.
Resistance to moving the cylinders creates pressure on the hydraulic system. As resistance increases, pressure in the system increases. Resistance increases as a result of changing loader geometry as the loader height increases with a given load, or will be increased with heavier and heavier loads at any given loader position.
If the load at a given position causes enough resistance to cylinder movement to generate a pressure exceeding the system relief setting, fluid once again returns to the reservoir so that the positive displacement pump does not over pressurize the system and blow something in the system.
At the point that the relief valve opens, you have reached your max lift at a given loader position. This max can be increased by increasing the relief valve setting or increasing the size of the cylinders.