Without a doubt the best place I have found for Light Hide is in Bree-Land, at and around The Crumbled Court. That is on the west side of The Big Staddlemere between Staddle and Combe.
And just to make it all better than can be, there is a crafting hall just downhill from there, in Combe.
Edited, Jul 21st 2010 9:49pm by Bludwyng