Sure you can. It's not the way it is usually done, but it will get you usable power steering except when you are actually moving the loader arms or bucket. That's OK, since power steering is most useful when you have a load in the bucket and are just going somewhere with it.
Later you can add a valve or additional pump to prioritize the power steering properly if you want.
First, check if the power beyond port is presently blocked off. Because on most control valves you cannot just remove the PB cap and magically get flow from that port. You usually have to replace the sleeve bushing piece inside that port. Best check that.
rScotty