Had a similar situation with my engine oil. After my second spring time mowing I changed the oil and what came out was milky. This scared me good. Refilled it with fresh oil, ran it for 10 minutes and it was still milky.
I'm thinking head gasket. Sent it up to the dealer who checked it out from top to bottom, including a pressure test on the radiator. They found nothing wrong and wrote it off to condensation even though the tractor is kept indoors. I don't understand how moist air can get into a diesel engine.