[The Might]

Well, you said obscure, so here's a really obscure answer.

I'd it's the strange fox that sees the Hobbits in a fir-wood.

A mighty hunter me,
when I powl the night,
the beasts take flight
or I'd have 'em for my tea.- a fox is at least in the Shire probably the greatest hunter

I chanced one eve on three,
vast giants of great might,
and most astounding height,
from whom I ought to flee, - Hobbits would appear to a fox as giants

But I couldn't be bothered - the fox strats to think why the Hobbits are there